Located in the north-east part of the Bangalore City, Frazer Town is one of the busiest that has been witnessing rapid developments in terms of both of commercial and residential sector in the recent years. Situated in a strategic location, the locality enjoys good connectivity to other important localities of the metropolis. Also, the locality has proximity to arterial roads and major CBDs (Central Business District) like Brigade Road, MG Road, Mosque Road, Wheelers Road, Coles Road and MM Road.
Frazer Town is considered to be an environment-friendly locality in the city, as it possesses many parks and lush greeneries. Further, the locality has the presence of good social infrastructure like reputed educational institutes, healthcare units, eatery joints etc. The two important sub-localities in this region include Sindhi Colony and Cleveland Town.
Here is an overview of the property market in Frazer Town,
In the recent years, the locality has been witnessing an upward trend in the property prices owing to its strategic location. Apart from it, proximity to CBDs is also playing a major role in boosting the property demand in this region. When it comes to road connectivity, the area is well connected to other prime localities of the city through BMTC (Bangalore Metropolitan Transport Corporation) buses that run from the Frazer Town bus stop. Moreover, there are two railway stations in the vicinity of this locality which includes Bangalore East Railway and Bangalore Cantonment Railway station.
For metro connectivity, the locality has proximity to Pottery Town metro station which comes under the proposed Phase 2 of Namma Metro. The distance from Frazer Town to Bangalore City Junction is 7 km and the Kempegowda International Airport is located 34 km away.
Apart from these factors, the existence of several IT/ITes companies and the presence of many industries in the vicinity have increased the housing demand here. Particularly, the demand has been high for 2 bhk and 3 bhk apartments in Frazer Town, as it grasps the attention of working professionals who have their workplace here. Eventually, this factor has encouraged many reputed builders to come up with many residential projects here.
The important stretches in this region such as Coles Road, Tannery Road, Wheeler Road, Spencer Road, Promenade Road and MM Road has been brimming with a heap of residential projects. Some of the ongoing projects in Frazer Town are API Regency Auram Prestige Déjà vu, HM Grandeur by HM Group etc.
The constant demand for properties and least number of plots has attracted many builders to invest here. They buy plots here at market prices and sell them back at an even higher price. Currently, the price of plots in Frazer Town ranges between INR 14000 to 15000 per sqft.
In the past two years, the apartments in Frazer Town witnessed a price appreciation of over 57%. The current ongoing price of apartments here ranges between INR 8000 and 13000 per sqft. Also, the demand has been high for rental properties here, as the locality has several employment hubs. Thus, the property owners can earn good rental returns here.
Author's Bio:
Reshma is a writer who shares his views on Indian real estate through indiaproperty.com
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