North Bangalore – A Preferred Investment Destination

Bangalore has always been the most sought after market for real estate developers due to its diverse population, high demand for housing and the ever increasing job opportunities in the city. It has also been a very popular destination for NRI investments in real estate. The city has provided wings to some of the country’s major employment sectors including IT, Biotechnology, Energy, R&D, Aerospace and many more.

The presence of hi-tech zones, special economic zones and software technology parks of India with proximity to business areas and residential markets, makes the city a hot property to invest in for commercial real estate.

Projects like Metro Rail, Peripheral Ring Road, connects the growing city at periphery making the city more affordable. Bangalore’s workforce prefers investing in outlying areas for their affordable cost and this has given impetus for new affordable housing projects.

Real estate investment in Bangalore is turning increasingly favorable with lucrative options and tailor made budgets. The city is witnessing a surge in demand courtesy planned infrastructure projects in peripheral areas, undertaken by government development authority.

It is significant to note that a few select areas around Bangalore will experience major development in the real estate scenario. The significant areas to watch out in North Bangalore are:

Hebbal

A strategic location & good connectivity makes Hebbal one of the most sought after real estate destinations in the city. Increased consumption of corporate offices will result in increased demand for residential complexes in the area. Being just 10 kilometers away from Central Bangalore, and International Airport located at a distance of 29.2 kilometers, Hebbal has emerged as the favorite hotspot for the sector. With efficient infrastructural work connecting it to other major parts of the city, Hebbal is all set to witness more investment in both residential & commercial buildings in the coming year. Hebbal’s seamless connection to Outer Ring Road and Bellary Road, both routing towards Hyderabad via NH-7, is yet another factor resulting in huge investments by IT firms. The construction of an elevated expressway connecting Hebbal and Yelahanka will further attract business empires and consequently demand for residential projects.

Devanahalli

Located near the upcoming BIAL IT investment region, Devanahalli is yet another belt to look out for a steady real estate development in the near future. With close proximity to the second largest airport in the country, the demand for residential projects is set to rise in the area as the prices are comparatively lower with a promise of healthy appreciation in the future. Commercial development in this area is expected to be a huge tide in favor of the real estate sector. The epicenter of growth in North Bangalore, this area has quite a few promising and prominent projects, increasing commercial real estate value and activities in the belt. Some of them include – the Aerospace Park, SEZ, IT and Hardware Park and Devanahalli Business Park. Connected to the Outer Ring Road, Tumkur Road and the Old Madras Road, Devanahalli is set to be one of the most promising destinations for Bangalore Real estate.

Yelahanka

Yelahanka’s proximity to the airport is one major reason for it to rise as a potential place for real estate development. Reports suggest, the area in and around of Yelahanka is expected to generate around 40 lakh jobs in the coming two decades. The water resources around the area are yet other factors for a real estate boom in Yelahanka. Along with several other lakes in the area, the Putenahhali lake being converted to a bird sanctuary, Yelehanka is a place with its own dedicated green belts and wide roads. The widening of NH-7 up to the airport from six to eight lanes and the proposed metro rail connecting Devanahalli and Yeshwantpur via Yelahanka will add to the infrastructural development around the area.