An overview of Manyata Tech Park property market
Manyata Embassy Business Park, commonly known as Manyata Tech Park, is a large software technology park in Bangalore, India’s IT center.
This technology park is located in the booming commercial zone of ORR, near the Hebbal area, and includes one of the city’s fastest-growing neighborhoods. Manyata Tech Park is flanked by localities such as Kasturi Nagar and HBR Layout. Since the IT sector in India took off, the Manyata Tech Park real estate market has flourished. The development of a large technology park in this region has significantly contributed to the increase in demand for apartments in Manyata Tech Park.
The software technology park is located in Nagawara and covers an area of 424 acres. According to estimates, the Park employs 95,000 professionals. There are numerous major MNCs and IT behemoths present. At university, there is a distinct group called Energize, which hosts sports activities and also social, musical, and cultural activities.
Prices Trends
Manyata Tech Park apartments are offered in a variety of options for investors, with 2 and 3-bedroom units being the most popular. The presence of various prominent builders in Manyata Tech Park, such as Unishire, Puravankara, and Prestige, has contributed to the development and execution of large-scale projects in Manyata Tech Park. Currently, the real estate prices range from Rs 5000 to Rs 7000 per square foot.
Connectivity
The real estate hub is well connected to other parts of Bangalore, through the Hebbal and the Outer Ring Road. Plus, connectivity to NH-44 makes it easier for people to travel to Whitefield and the Electronic City. Manyata Tech Park is 17 kilometers from Kempegowda International Airport. If you choose to travel by bus then the BMTC bus service is available at your service.
Employment and Social amenities
You’ll find companies like Microsoft, TCS, CTS, IBM, HCL Technologies, Larsen & Toubro Technology Services, Rolls-Royce, Nokia Networks, Philips, Voonik Technologies Private Limited, and many others. I mean seriously this place is jammed with technology. Apart from that Manyata Tech Park is well-served by social infrastructure. Kingston High School and Dhee Global School are two well-known schools in Manyata Tech Park. Embassy Manyata Hospital, Sri Sai Hospital, and MS Ramaiah Memorial Hospital are among the top hospitals in Manyata Tech Park. Regalia Elements Mall is one of the most prominent retail malls in Manyata Tech Park.
Final Thoughts
Because of the existence of so many major firms here, it is evident that residential demand will remain stable and prices will continue to rise gradually in the future. The only stumbling block here is the massive traffic jam during peak times.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
