India’s IT capital Bengaluru is entering its 2nd phase of growth. Real estate development along the radial transport corridors and main transport arteries is rising, helping ease the pressure on the city’s central business districts (CBDs). We list 5 reasons why these mutation corridors have become investment hotspots for both developers as well as homebuyers.

1) Land, Land And More Land

These mutation corridors contain large plots of land that are available at relatively affordable prices. Big corporates consider these opportunities to get bigger spaces at low rentals, and as more corporates come in, developers benefit with stable rental yields. This also has a knock-on effect on residential real estate which grows to match increasing employment in the region.

2) Scope For Mixed Land Use

The land regulations under the revised master plan 2015 permits mixed land use in areas around mutation corridors. This helps developers to come up with a range of products that are self-sustaining – for instance, a residential/retail complex among other things. As such products come up; the ‘walk to work’ or ‘walk and shop’ phenomenon becomes a reality.

3) Higher Floor Area Ratio (FAR)

The FAR allowed normally depends on the width of the road. Most of these mutation corridors boast of roads that are more than 35 to 40 feet wide, allowing developers to construct taller buildings, making it ideal for office buildings as well as high-rise apartments.

4) Easy Accessibility

With connectivity being the mutation corridors reason for being, areas which were otherwise neglected are now easily accessible. The government’s focus on developing social infrastructure along these corridors is another reason why properties along the Outer Ring Road as well as along arterial roads connected to metro lines are selling like hot cakes.

5) Locations To Watch For

The 30-km stretch on the outer ring road between Hebbal and the central silk board junction is ideal for office spaces. Marathahalli and Sarjapur Road have posted highest office space absorption rates in the city. Residential catchments in areas like Hosur Road, Whitefield and Bannerghatta Road are also seeing home-buyers interest due to their proximity to employment hubs.

Reporter : Stacy Pereira, NDTV
Web Editor : Nikhil Narayan Sivadas, NDTV