Micro markets are basically subdivisions of a macro real estate market. Let’s understand it with the help of a hypothetical example. It might be possible that the real estate market in India is booming but the same in Kolkata may be struggling. This is because India as a housing market is macro and Kolkata, which is a subdivision of India is a micro market. Similarly, every growing city has its own micro-market.
Even though the factors affecting the macro markets do tend to boil down to the micro markets, the latter have their own paths of growth and influencers. Now, what are the factors typically affecting your choice of a micro market when looking at purchasing a house? Typically, they are proximity to offices/schools, healthcare, overall connectivity to the city etc. Accordingly, the demand-supply dynamic plays its role and a micro market becomes affordable or unaffordable to you.
Here, we explore for you, the 5 of fastest developing micro markets in Bengaluru area.
One of the fastest growing hubs of North Bengaluru, Thanisandra real estate’s gained momentum mostly because of its proximity to the Bengaluru International Airport. It is in close proximity to Manyata Tech Park, Columbia Asia Hospital and Elements Mall and has Wisdom Montfort International School within a radius of 1 Km. At leisure, walk or jog to the Rachenahalli Lake Park and experience serenity at its best. You can tag the kids along too for they can play at the kids’ zone while you soak in the cool lake breeze. There are also Lumbini Gardens, coworking spaces and many explorable eating joints around. Investing in Thanisandra is surely an excellent investment as the returns are going to only go higher. Provident Housing has two projects in this area- Provident Parkwoods and Provident Neora.
With excellent proximity to JP Nagar, BTM Layout and Electronic City, Kanakapura Road is very close to educational institutions like Delhi Public School and KSIT Engineering College as well. Your weekends here are taken care of with Mekedatu and Bilikal Rangswamy Betta parks not very far away and the stunning Thottikallu Falls that are located off Kanakapura Road. Visit the Fireflies Ashram or Art of Living Ashram for a day of solitude and carry those picnics along! The most loved of our two projects at Kanakapura Road are Provident Park Square and Provident Central Park.
Magadi road is very close to areas like Peenya, Vijaynagar, Nagarbhavi etc. and is an education hub with institutes like National Law School, National Public School, Bangalore University Campus well within reach. This area in west Bengaluru is one of the older areas of the city but one of the most popular too. Magadi Ranganathaswamy temple and Kempegowda Fort are at a very approachable distance and Magadi road also happens to house the best of base camps and adventure parks.
The Tree by Provident is a paradise nestled amongst 330 trees and offers you a home that itself feels like a getaway abode!
Mysore Road-NICE Junction
This area is located very close to Global Tech Village, Bannerghatta Road, Electronic City and Bidadi Industrial Area. It is also just 3.5 Km from the NICE expressway which enables an easy commute to Tumkur road and Hosur. All these reasons combined make this area a great investment hub. Head over to Gaganachukki waterfalls for a quick Saturday getaway or to one of the many amusement parks around this locality. If you are looking for a world-class living space in this area, Provident Sunworth and Provident Rays of Dawn are part of our offerings and will surely strike a chord with you and your family.
The bustling hub of Bengaluru and popular for all the right reasons, Whitefield can be termed as the heart of the city. With a plethora of eateries serving the most scrumptious of food to the best of malls like Phoenix Marketcity, Inorbit, Forum Value etc, there is more than plenty for you to explore and enjoy. Do visit TherPup which is a dog café and lets you have all the warm doggy cuddles that you wish for. Kid-specific programs are also very popular in Whitefield with places like Toddler Sense, Magic Garden etc. Needless to say, many healthcare facilities and educational institutions are in proximity. Watch this space for more!
So, which one is your micro market of choice?
Looking to buy a home at the best prices? You can visit the biggest home buying festival with homes that offer affordable luxury across 6 cities – Provident Housing Website
Happy Home Buying.