With industrialization growing at a scorching pace, many multinational corporations are shifting their focus to Property in Bangalore. This has resulted into positive sentiments among buyers and investors that have triggered the growth trajectory of real estate market in North Bangalore. On the back of improved connectivity, robust infrastructure and plethora of development activities , North Bangalore seems to come up the curve in the last few years.
Government has also played a pro active role in promoting the development plans in the area. North Bangalore has emerged as one of the most sought after destinations in Bangalore. While most of the other locations in Bangalore are suffering from congestion, North Bangalore still has large spaces available, helping it attract new residential and commercial developments in big volumes.
Development of Bangalore international airport
Located 4 KM south of Devanahalli, the new international airport is touted to be one of the busiest airport in India both in terms of domestic as well as international traffic. The development of the airport has unlocked the value of North Bangalore.
North Bangalore has transformed into business and economic hub of the city over the past few years . North Bangalore hosts some of the big IT parks including the Manyata IT Park near to Hebbal in the present time. Burgeoning industrialization and presence of big IT firms and giant companies have played an instrumental role in boosting the residential property of North Bangalore.
North Bangalore has witnessed a lot of development in the recent past and many projects are still in the pipeline. Thanks to the proactive government, who has been playing an active role to boost the infrastructure of North luxurious flats in bangalore. To name a few infrastructure projects , high speed rail-link connecting MG Road in Bangalore central to Bangalore International Airport , 116 KM peripheral ring road connecting Old Madras, Hennur and Bellary road etc and expansion of Yelahanka road. Development of some business economic zones along this line, is expected to generate a huge number of white collar jobs, once it is completed.
North Bangalore boasts of a robust social and physical infrastructure with a presence of good number of schools, colleges, restaurants, shopping malls, retail outlets and restaurants etc. Availability of several fun and entertainment avenges adds to the lifestyle quotient of the area.
Large parcels of Land
One of the key advantages of North Bangalore is provision of large parcels of land available at cheap rate, making it conducive for large scale residential and commercial projects. Not to mention, rolling out of ambitious physical and social infrastructure assignments. It also makes North Bangalore a hub for affordable housing in bangalore.
The factors mentioned about have been instrumental in driving the demand of North Bangalore. In the present time it has emerged as a lucrative destination both for luxury segment as well as mid segment realty. Considering the present growth momentum and lined up future developments, property prices are expected to go high in the coming time. So, the biggest attraction of this area is great returns on investment. Some of the key micro-markets within North Bangalore involve Hebbal, Devanhalli, Yelahanka and Hennur etc.