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What if you suddenly discovered the historical significance of your neighbourhood and how it got its name? Wouldn’t it fill you up with pride to know, you live on the very street through which a king passed through on his resplendent chariot centuries ago? Welcome to Fraser Town, the now tony neighbourhood in north Bengaluru boasting of a rich British colonial history. And, of course, not to miss the towering modern architectural marvels which are home to a distinguished set of homeowners.
The King and his tutor
Did you know that Fraser Town was originally called the Northern Extension? This locality and other suburbs around it were collectively called the Bangalore Cantonment. These were directly under the British Madras Presidency. In 1949, they were handed over to the Mysore State. According to INTACH (Indian National Trust for Arts and Cultural Heritage), this locality was named after the British Resident Stuart Mitford Fraser (1864 – 1963) who had rallied for its planned formation. Fraser was appointed to the Indian Civil Service in 1884 as Assistant Collector in the then Bombay (now Mumbai). He first tutored the Maharaja of Bhavnagar before taking on the mantle of tutor and guardian to the young Maharaja of Mysore, Krishnaraja Wodeyar IV from 1896 – 1903. When Fraser was appointed British Resident in Mysore State and Commissioner of Coorg in 1905, he rose in popularity among the citizens. He rallied for the formation of the erstwhile Northern Extension of the Cantonment. Later, in response to a petition by some Municipal Commissioners and several residents, it was renamed Fraser Town. Sir Fraser was later appointed Resident in Kashmir and Hyderabad and retired from service in 1920. In 1988 though, the BBMP renamed it Pulakeshinagar after the valorous Chalukya king.
The Colonial charisma
Call it the colonial hangover if you will but in this case, it bodes well for the sophisticated Fraser Town steeped in its architectural nuggets. As you walk down Fraser Town you can espy old homes sporting British architecture peeping from within modern houses and apartments. Ancient yet prominent landmarks continue to grace the locality – Albert Bakery, Sir Ismail Sait Mosque, Bangalore East Railway Station, St Francis Xavier’s Cathedral, St John’s Chapel, and many such iconic structures dot the skyline.
Do historical localities have high market value?
Change is the only constant is the oft-repeated adage we’ve come to realize and reckon. And yes, old has to give way to new especially in a dynamic growing city like Bengaluru which is today the world’s fastest-growing tech hub. However, despite all this development, real estate experts pinpoint that the heritage value of a historical locality cannot be overlooked in these times. According to findings of a survey
https://www.researchgate.net/publication/330562072_How_cultural_values_are_reflected_on_the_housing_market_-_direct_effects_and_the_cultural_spillover, the results indicate that cultural classification plays a role in determining the price of a property, with large effects (ranging between 36 and 60% price premiums) for the highest classification. In addition, the authors find evidence of a cultural externality – houses in the vicinity of a building with high cultural value sell at a small, but the statistically significant premium of 1%.
Want to live with a priceless page of history?
Would you buy a home in a neighbourhood where history and heritage resides? If you haven’t already, this thought should figure at the top of your mind when you are hunting for a house. And of course, Fraser Town is where the most exquisite homes from HM Constructions http://www.hmconstructions.com/ can be yours. HM Grandeur http://www.hmconstructions.com/projects/details/hm-grandeur promises you a lifetime of luxury in the lap of this cultural neighbourhood. Just as Sir Fraser was the toast of his town a century ago, HM Grandeur is an internationally acclaimed and award-winning project that is marked for a privileged few like you. And just as the neighbourhood had the king himself reigning supreme over it, each uber-luxury home in HM Grandeur is befitting royalty as is evident in the regal Italian marble floors, premium teak accoutrements and sophisticated interior design sweeping through each palatial room. Respecting your desire for ample open space HM Grandeur has been meticulously built only on 18% of the land with 82% space for abundant greenery.
Be a proud resident of a culturally vibrant neighbourhood of Fraser Town and a distinguished homeowner at HM Grandeur designed for a royal sojourn of a lifetime.
Call us at 8880225555 for a home tour, today.