Plots in real estate terms mean that there are parcels of land which are meant for non-agricultural purposes such as residential, commercial or industrial. If there is a plot meant for agricultural purpose, then it can be sold for non-agricultural use only after first of all the land use purpose for the particular plot in question is converted to residential, commercial or industrial use. If this is not done then it is illegal to sell the plot for non-agricultural purposes.
Jayanagar is an established commercial and residential locale in south Bangalore. It is comprised of two blocks which are commercial and eight others which are residential.
The area is ensconced within Wilson Garden, Banashankari Stage 2, J P Nagar, Suddaguntepalya, Basavangudi, Gurappanapalya and BTM Layout.
Sustained growth in residential and commercial growth has boosted the realty market of Jayanagar in the past few quarters. Prospering commercial establishments, robust retail absorption, abundant availability of luxury housing stock have made Jayanagar to outshine its counter-parts in the last quarter of 2016 as compared to the third quarter.
Infrastructure and Connectivity
In terms of residential and commercial real estate, and social infrastructure, Jayanagar enjoys one of the best kinds. It is also well connected by road to most of the prime regions as it is situated in the heart of south Bangalore.
Jayanagar is one of the frontrunner in offering a quality and developed social infrastructure to its constituents. It boasts of a broad range of schools, colleges, hospitals, entertainment centers.
Jayanagar has emerged as the city’s leading destination for luxury and ultra-luxury housing. Due to this standing, one cannot expect a colossal increase in housing values. Jayanagar is already a well-developed locale and has reached a saturation level in term of capital appreciation. Nevertheless, the metro connectivity and redevelopment of existing properties are expected to provide a broad push to this area.