Know your neighbourhood: Banashankari

Cited to be Bangalore’s largest micromarket, Banashankari or BSK as its better known is one of the most sought after localities in south Bangalore. Branching out from Kanakapura Road in the east, BSK extends up to Mysore Road in the west. BSK is divided under all the possible categories like stages, blocks and phases. The neighbourhood has 6 stages with the 6th Stage being the biggest. The locality gets its name from one of the oldest temples in Bangalore, the Banashankari Amma Temple on Kanakapura Road.

Accessibility

Surrounded by Rajarajeshwari Nagar and Giri Nagar in the west, JP Nagar and Jayanagar in the east, Basavangudi in the north and Uttarahalli in the south, Banashankari is fast developing into a residential hub. The Kempegowda International Airport is about 42 km away from here. The locality enjoys great intracity connectivity through the Outer Ring Road. The Bangalore City Junction is just about 6 km from BSK. Apart from this, there are a number of BMTC (Bangalore Metropolitan Transport Corporation) buses which help individuals reach major localities from here. The Green Line of the Namma Metro running between Puttenahalli and Nagasandhra will improve BSK’s network. The metro station at BSK Temple Ward will also help the realty market here.

Education

The locality has reputed educational institutions. International schools and schools affiliated to various boards of education like Sri Krishna International School, Websters High School, Martin Luther Public School, Sri Aurobindo Memorial School, and JSS Public School located here. Reputed colleges like PES University, Institute of Business Management & Technology, Kempegowda Institute of Medical Sciences, Gupta College of Management & Technology, BNM Institute of Technology, and ICFAI are present here.

Hospitality

The area has a number of hotels like Transit Hotel, Shetty Gardenia hotel, and Shining Star Residency Hotel. Serviced apartments like Rishon Suite, and Spiro Comforts Inn are located in this region. The area has a number of restaurants like The Krishna Grand, Vinny’s, Jalsa, Casablanka, Sea Spice by 7 Star, and 1947 Restaurant where a wide variety of cuisines are served. The area has a number of bars, pubs and lounges like Gustoes Beer House, Jcubez, Vi Ra’s Bar and Restaurant, and K27 – The Pub.

Retail

The Gopalan Promenade Mall is present here. The area has a number of standalone retail outlets of both national and international brands like W for Women, Mom & Me, Archies, Sangeetha, Shop In, Megamart, The Raymond, Megamart, and Reliance Trends. The area has shopping complexes supermarkets, and general stores.

Entertainment

The locality has a number of theatres and multiplexes like Chandrodaya Theatre, Kamakya Theatre, Sri Eshwari theatre, and Abinaya theatre. The area has a number of parks for recreation and entertainment.

Healthcare

The area enjoys good healthcare facilities with the presence of multi specialty, super specialty and general hospitals like Sagar Hospitals, Excelcare Hospital, ProMED hospital, and Kempegowda Institute of Medical Sciences. The region has a number of clinics and pharmacies.

Places of worship

Banashankari Temple, Devagiri Sree Venkateshwara Temple, Dharmagiri Manjunathaswamy Temple, Balaji Temple, Kumara Swamy Temple, Karya Siddhi Hanuman Temple, Salvation Army Church, Calvary Chapel Church, Ilaahi Masjid, Makkah Masjid, Meraj Masjid, and Al Rafiya Jamiya Masjid are some of the places of worship present here.

Real estate

Connectivity is a major factor that is driving the area’s realty demand. BSK’s close proximity to the ORR (Outer Ring Road) is attracting many home buyers. The 1st stage of the locality is cited to be one of the city’s oldest neighborhoods. This stage has sub-localities like Kalidasa Layout, Hanumanthanagar, Srinagar, Avalahalli, Brindavan Nagar and Ashok Nagar. Surrounded by two small hillocks, Banagiri and Devagiri, Stage 2 of BSK is a commercial hub. Divided into 9 blocks and 3 phases, the 3rd stage of Banashankari is an educational hub. Many renowned institutions have their base here. The major sub-localities of this stage are Mysore Bank Colony, Srividya Nagar, Hosakerehalli and Ittamadu. Enjoying great connectivity due to its close proximity to the ORR, many retail establishments and shopping malls have mushroomed in the 4th stage of BSK. While the 5th stage is a residential hub thanks to layouts like ISRO and HBCS being nearby, the 6th stage has the largest area. This stage has recently been developed and has over 11 blocks.

Although the locality did not enjoy great civic amenities earlier, the neighborhood today boasts of wide roads, abundant water supply and electricity. The locality’s close proximity to IT hubs is also luring many working professionals to live her. The green canopy across the locality is another factor that makes it more livable. The presence of reputed healthcare units and educational institutions make Banashankari an ideal destination for families and retired personnel. Many well-known real estate developers are now cashing in on the demand for housing here. Although multistory buildings dot the realty market, over 40% of the residential properties here are independent homes. The capital values for flats in Banashankari have appreciated by over 45% in the past two years. The locality is also attracting many IT professionals who want to rent out spaces. Being a well-planned locality, Stage 6 of BSK is witnessing a major boom. Some of the proposed projects which are expected to have an impact on real estate here include:

The BMTC has proposed connecting travel and transit management centres (TTMCs) by building steel overbridges at the Banashankari and Yeshwanthpur stations and a subway at the Kalasipalyam bus stationThe state government has now proposed to build an elevated corridor which is expected to make the commute from Banashankari in the south to Hebbal in the north easyBy: indiaproperty.com