Due to the presence of several IT companies, blue chip firms and multinational corporations, Bangalore is known to be the ‘Silicon Valley of India’. Real estate in Bangalore has also seen a great demand due to the burgeoning industrialization and ample of employment opportunities. Other factors that have contributed to the demand of real estate in Bangalore is the amazing cosmopolitan culture and awesome weather all throughout the year. Bangalore surpasses the investors and end users with the exotic charm it holds and also the plethora of lucrative investment opportunities.
The city has emerged as a preferred real estate destination for many investors and also for the NRI’s who are planning to return back to India from abroad. Over the past few decades, North Bangalore has continuously seen a lot of real estate activities and scored a favorite position in the list of real estate investment . Nunber of factors such as continuous expansion of the city, accessibility of large spats of land, more number of people migrating to this part of the city and affordable prices have encouraged a lot of new developments in the recent past in North Bangalore. The major highlight of North Bangalore is the major localities offering affordable plots with a promise to fetch higher returns in future. To name a few Doddabalapur Road, Devanahalli, Babu Sahibpalya, jakkur, Thanisandra, Nagarbhavi, Hennur are some of the most sought after localities in North Bangalore that gives the perk of affordability with a promise of better future returns.
Thanks to the proactive government, North Bangalore has witnessed a lot of infrastructure development that has significantly fuelled its demand such as construction of new projects in bangalore International Airport and proposed IT development in Devanahalli. North Bangalore enjoys a close proximity to various IT parks and MNC companies and boasts of robust social and physical infrastructure development. North Bangalore has transformed into a vibrant business hub with a number of new corporate corridors. The area shares a good connectivity via roadways, railways and airways. The proposed high-speed rail link and mono rail once functional, is expected to boost the further connectivity and also decongest the traffic.
Captured below are the two promising hot spots in North Bangalore.
Doddabalapur Road, located in the northern corridor has emerged as one of the most promising investment location. The proposed Information Technology Investment Region, Planned Peripheral Ring Road, Aerospace Park is expected to work in favor of residential areas . The area also offers large open area which attracts many buyers for investment.
Known to be one of the most fast developing commercial markets, Devanahalli located in North Bangalore offers equally promising prospect in terms of residential investment. Until 2008 a relatively unknown suburbs of Bangalore, went through a drastic change in fortune with the arrival of the BIA. Large scale commercial projects are planned in the area such as aerospace SEZ, IT and Hardware Park and the Devanahalli Business park, which will boost the commercial activity in Devanahalli and other vicinities. The increase in commercial activities will translate into more demand for residential units as well.