Sterling Developers Reviews : Bengaluru’s Growing Commercial Spaces
And the increasing demand for homes nearby.
With Whitefield soon getting two grade separators, one at Kundanhalli Gate and Hope Farm Junction and the widening of the Graphite India Junction, there will be great relief for people traveling in and out of Whitefield, from where India’s IT hub starts. The growing demand in IT/ITES services has created a demand for both – better career opportunities and larger commercial spaces.
While the country is seeing a dip in real estate, the demand for commercial spaces in Bangalore is on the rise. The rental cost for commercial spaces has gone up by 50% in the last 2 years. There has been a great demand for commercial spaces across Bangalore. Large MNCs have their back offices here. Financial services companies such as Morgan Stanley, Street State, and Wells Fargo for instance. Even more include Exxon Mobile, Victoria’s Secret, JC Penny and Lowe – all who have increased their office space here, as have e-commerce players like Amazon and Flipkart.
Companies are moving out of Whitefield and ORR is becoming their new favourite hub. Large IT parks like Eco Space and Embassy Tech Village along the Ring Roads have become the new hubs with rents growing every year. There is a lack of commercial space in Bangalore. JLL claims that there will be a demand for more than 10 million sq.ft. of commercial spaces by next year, and Bangalore will fall short of at least 2 million sq.ft. While there is commercial space available in Electronic City Phase 2, the distance is enough to discourage companies from taking it up.
The Sarjapur – Marathalli Outer Ring Road is one of the hot destinations for commercial spaces and has been growing in the last couple of years. This area that plays home to the offices of Accenture, Samsung, Intel, Samsung, etc., making it one of the hottest areas in Bangalore right now.
But even having offices in places like the Marathalli – Sarjapur Outer Ring Road has become a pain, since the commute to and fro has become a time consuming struggle, especially during peak hours. People spend up to an hour stuck on this road every day just getting into office and getting back home. This has encouraged many developers to build residential spaces in and around these commercial spaces, all mostly in the 3-kilometre radius of the Marathahalli – Sarjapur outer ring road.
Take for instance Sterling Ascentia. Bang opposite Ecospace, this property is right on the service road of the Marathalli-Sarjaur Outer Ring Road. Ascentia belongs to Sterling Developers, reviewed to be one who has been providing apartments in Bangalore for more than 30 years. At Ascentia, they have on offer spacious 3 BHK homes that come with all the modern amenities for the modern family. Built on a 6-acre property off the main road, Ascentia gives you quick access to everything from shopping, entertainment, and restaurants to hospitals and schools.
Sterling Developers have a loyal customer base living across a variety of their properties for over two decades. Some of the customers have wonderful things to say about Sterling Developers. In the words of Ajay Goel, “For the last 18 years, we have been living in our beautiful home at "Sterling Park". It’s a well designed apartment, three side open, well lit, ventilated and full of positive energy. The internally connected terrace to our apartment has a fantastic view of the Hebbal Lake and the sky line of north Bangalore. We have a functional building owner's management association, efficient water & sewage management system, and a well-maintained central courtyard garden. To top it all, we have had pleasant experiences in dealing with very friendly team at Sterling Developers."
If you’re on the lookout for a home in the Marathalli – Sarjapur Ring Road area, Sterling Ascentia sure is a strong contender. It’s brilliant location, being only one of the reasons.
