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Residential Realty: Established Neighbourhoods That Benefitted Due To Proximity To Job Hubs And Connectivity

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Residential Realty: Established Neighbourhoods That Benefitted Due To Proximity To Job Hubs And Connectivity
03 March 2020

Outlook Money’s Residential Realty in association with Magicbricks highlights the developed localities in Delhi, Bengaluru, Mumbai, and Hyderabad. These areas leverage their proximity to employment hubs and good connectivity.

Lajpat Nagar, Delhi

An established residential cum commercial neighbourhood in South Delhi, Lajpat Nagar is divided in four phases – I, II, III and IV. The area is surrounded by well-known South Delhi neighbourhoods like Defence Colony, South Extension, East of Kailash and Friends Colony. Most of the residential developments in the locality are builder floor apartments and independent houses, under Residents Welfare Association (RWA).

Key Features:

  • Lajpat Nagar is famous for its Central Market in Part II, which comprises a mix of branded showrooms, local retail outlets, and roadside shops.

  • Lajpat Nagar is home to several popular restaurants, fast food joints and roadside eateries.

  • Lajpat Nagar Part IV is known for having Asia’s largest ladies suit market.

  • PVR 3C’s is a popular multiplex theatre in the locality.

  • Prominent educational institutions and hospitals in and around the locality include Rajkiya Pratibha Vikas Vidyalaya, Cambridge School, PGDAV College,

  • Vimhans Nayati Super Speciality Hospital and National Heart institute are the two major medical institutions in the area

Connectivity:

  • The locality enjoys strong road and metro connectivity with key office hubs of Noida and Gurugram. Both these vital job avenues can be accessed conveniently within 40-50 minutes from here.

  • Inner Ring Road (NH-48), Lala Lajpat Rai Road, Baba Banda Singh Bahadur Setu, Delhi Noida Direct Flyway and Lajpat Nagar metro station, offers widespread accessibility.

RT Nagar, Bengaluru

Rabindranath Tagore Nagar, known as RT Nagar, is a developed locality in North Bengaluru. It is situated closer to the Bellary Road and is surrounded by other residential areas like Hebbal, Ganganagar, Munireddypalya, Kaval Bairasandra, and Ashwath Nagar.

Key Features

  • The locality encompasses a combination of mid-rise apartment complexes and independent houses.

  • Residential demand is being generated due to close proximity with Manyata Tech Park, which is just 6 km away and takes 20-25 minutes to reach.

  • Key companies operating from Manyata Tech Park are IBM, Concentrix, Cognizant, TCS, Philips, and Nokia, among many others.

  • The locality boasts good social infrastructure with the availability of several prominent educational institutions and hospitals in the near vicinity, such as Florence Public School, Presidency School and Rajiv Gandhi Institute of Technology.

  • Poornima Hospital and Bangalore Baptist Hospital are the two major hospitals in the locality.

  • Popular shopping avenues within 5-7 km include Orion Mall, Elements Mall, and Mantri Square Mall.

Connectivity

  • Bellary Road and Hebbal Flyover are important roads connecting RT Nagar with other prominent areas of the city

  • The locality is served by BMTC buses, Hebbal Railway Station (5 km) and Bangalore Cantonment Railway Station (4 km)

  • The Kempegowda International Airport is 29kms away and can be reached in about 40-50 minutes

Worli, Mumbai

Worli is one of the premium locations in Mumbai. It encompasses sea- facing skyscrapers, upscale infrastructure, and excellent connectivity via Bandra-Worli sea link. The locality is a prime residential hub that caters to the luxury segment.

Key Features:

  • The locality along with the adjacent area of Lower Parel is a major corporate hub, which hosts key workplaces such as Peninsula Corporate Park, One Indiabulls Centre, and Urmi Estate.

  • The area has easy accessibility with key employment hubs of Bandra Kurla Complex (BKC), Nariman Point and Colaba, all of which are reachable within 45 mins from the locality.

  • High Street Phoenix Mall, Palladium Mall and Atria – The Millennium Mall, are popular high-end shopping malls in Worli.

  • It is also home to famous tourist places such as Haji Ali Dargah, Nehru Planetarium and Worli Fort. Renowned schools and hospitals in this area are DY Patil International School, Sacred Heart School, Jaslok Hospital and MA Podar Hospital.

Connectivity:

  • Worli is well-connected through Bandra-Worli Sea Link, Western Express Highway and Dr Annie Besant Road. BEST buses network and taxi services are adequately available.

  • Worli enjoys sound connectivity through Mumbai suburban rail network, with Prabhadevi Railway Station acting as a junction to both Central Line and Western Line.

  • BEST buses and taxi services are adequately available.

  • The upcoming metro Line 3 (Colaba-SEEPZ) would bring metro connectivity in this area by 2021.

Banjara Hills, Hyderabad

Banjara Hills is one of the posh residential localities in Hyderabad. It is closely connected to Jubilee Hills, Somajiguda, Anand Nagar, Naveen Nagar and Panjagutta. The locality is home to premium apartment complexes and, well-developed social infrastructure.

Key Features:

  • Banjara Hills is well-connected with the IT hubs of HITEC City and Gachibowli, which are 10-15 km from here and can be accessed in about 30-35 minutes.

  • Several major MNCs having offices in these hubs are Infosys, TCS, Wipro, Microsoft, Accenture, Capgemini, Cognizant, Genpact and Amazon.

  • The locality is a prominent retail hub known for its fine-dining restaurants, nightclubs, shopping complexes, and malls.

  • GVK One Mall, City Centre Mall and Next Galleria Mall, are some of the popular malls in this area.

  • Notable schools are Meridian School, Delhi School of Excellence, St. Alphonsus High School.

  • Major hospitals are Star Hospitals, CARE Hospitals, and Century Super Speciality Hospital.

Connectivity:

  • NH-65 runs adjacent to Banjara Hills and offers extensive connectivity.

  • Several key internal roads such as Road Number 2, 10 and 12, link it with other key areas of Jubilee Hills and HITEC City.

  • The locality is served by Blue and Red Metro Lines through the stations of Road No. 5 Jubilee Hills (Blue Line) and Punjagutta (Red Line).

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