Bangalore is touted to the Silicon Valley of the country as major IT companies and other blue chips have their base here such as Wipro, Infosys and so on. Real Estate property in bangalore has transformed into a 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 Hebbal. The major highlight of North Bangalore is its excellent social and physical infrastructure. It enjoys the presence of several acclaimed restaurants, colleges, schools, shopping malls, retail outlets and restaurants etc. Plethora of fun and entertainment avenues improves the quality of life and adds to the glam quotient of the place.
Since the Top Residential projects in bangalore International Airport (BIA) was set up in the city in 2008, the real estate market of North Bangalore has been at its peak. From then on, this particular market has been evolving and growing at a steady pace.From commercial establishments, growth in infrastructure, to residential project launches, the real estate market of North Bangalore has been on a roll. Also, connectivity through the Hebbal Flyover, the Outer Ring Road (ORR) and the new expressway over Bellary Road has drawn the intentness of builders, developers and investors to invest heavily in this part of the city.
Known for its connectivity, Hebbal boasts of flyovers across the Outer Ring Road and Bellary Road on NH-7. The area is also a converging hub for Vayu Vajra buses, BMTC buses and the affordable apartments in bangalore Metro Rail service.Real estate in the area gained momentum after major infrastructure and connectivity developments and commercial set-ups came up. The phase 2 of Bangalore Metro is proposed to extend the Gottigere-Nagavara line up to BIA via Hebbal and Yelahanka. This is giving a boost to the real estate landscape of this locality.
Another locality that has made a mark in the latest report is Yelahanka. Proximity to the airport has propelled the real estate values in this area and has made it one of the most sought after destinations to invest in apartments in Yelahanka. In the last five-six years the area has witnessed the launch of a number of residential projects, which are either completed or are on the verge of completion.
Once a quaint suburb, Yelahanka is now bustling with commercial as well as residential activities. Just 14 km from downtown Bangalore, Yelahanka is a rapidly developing northern belt of Greater Bangalore. The region has grown into one of the major business hubs of the city, with most of the activities focused on the Hospital Main Road, BB Road, Major Sandeep Unnikrishnan Road and 16th ‘B’ Cross Road in New Town. What is more, Yelahanka is also known to be safer than some parts of Bangalore because of the presence of a large population of military personnel.
It is evident that major parts of the localities in Northern Bangalore have delivered good returns in the past. With the growth of the IT and the BPO industries, coupled with the proposed infrastructure plans, the real estate market in Northern Bangalore is envisaged to grow, providing a steady and reasonable growth to the home buyers.