Hosur-Sarjapur Road (HSR) Layout, a residential hub, is located to the south-east of Bangalore, between Hosur Road and Sarjapur Road. This layout is segregated into seven sectors, and is spread over 1500 acres. The sectors are interconnected via main roads that run in the north-south direction and cross roads that run in the east-west direction. A centralised BDA complex that houses the city administrative offices, is also present here.
HSR Layout is the most rapidly developing area in Bangalore. The area is flooded with prominent commercial establishments including banks, schools, hospitals, and shopping markets. The major reason for the property demand upliftment in HSR Layout is the improvement in its infrastructure facilities, as well as its connectivity to other parts of Bangalore.
Significant Price Appreciation:
From the rental perspective, both commercial and residential, HSR Layout has shown an increment of 21 percent. Between 2010 to 2012, the area witnessed a 55 percent expansion in rental prices. The rental charges for a 2 BHK apartment (1000-1200 sq ft) costs between Rs 16,000 to 20,000 per month, while for a 3 BHK apartment (1400-2400 sq ft), the price varies between Rs 27,000 to 30,000 per month. Inevitably, many buyers are attracted to invest in this locality due to assured returns with a more than average profit.
IT Industry Expansion:
In terms of commercial office space, HSR Layout is currently the best performing micro market in Bangalore. 18.79 million sq ft space of the locality is covered by IT companies and 16 million sq ft is under construction. About 95 percent of the A-grade space in the market is occupied by IT/ITES offices and Multi National Companies.
Due to the expansion of IT departments, the absorption rate for residential projects in HSR Layout is also quite high, when compared with other micro markets in Bangalore. Recently, there has been an office space absorption of 3.70 million sq ft, which is almost 34 percent more as compared to last year.
Business Centre Proximity:
Another reason for HSR Layout’s gaining popularity is its proximity to other commercial destinations in the city, including Electronic City, Silk Board, JP Nagar, Jayanagar, Whitefield, Sarjapur Road, Marathahalli, etc. Many SEZs and IT Parks are located on the ORR stretch that runs parallel to HSR Layout. ORR accounts for about 25 percent of the IT space in Bangalore.
The infrastructural development in HSR Layout is noteworthy and appreciable. Apart from this factor, a broad range of residential houses, strategic connectivity, and high investment returns are key reasons that make HSR Layout a top locality amongst other commercial locations in the city.