In the current real estate scenario, Bangalore has taken a front seat among all the other metro cities when it comes to property investment. Because of better living standards and job prospects, the IT city has seen various real estate developments in past few years. However, in recent times, North Bangalore has emerged as a real estate hotspot of the IT city with many residential and commercial developments in its different areas.
Also due to announcement of many affordable and luxury projects, North Bangalore has started overshadowing other property hotspots of the city. Scroll down to know various factors that make North Bangalore a hotspot among real estate investors:
North Bangalore comprises of Hebbal, Yelahanka, Doddabalapur Road, Hennur Road, HBR Layout, Banaswadi, Yelahanka, Yeshwanthpur, and many other areas. All these parts of Bangalore enjoy good connectivity to other areas through Elevated Expressway to BIAL, metro route, flyovers connecting ORR (Outer Ring Road) and NH-7, Peripheral Ring Road etc. Local buses are also easily available.
Apart from that, proximity to Airport is one of the main reasons behind the popularity of the region.
North Bangalore enjoys well-developed social and physical infrastructure which includes, expressway, Highways, IT parks, renowned MNCs etc. Areas of North Bangalore like Hebbal, Devanhalli are home to many IT/ITes parks and presence of MNCs. Also, these areas boast famous various educational institutions, Health care centers and many.
Apart from this, many proposed infrastructural projects in the key areas will further improve the overall performance of North Bangalore; hence it will become a more lucrative option for investment in the future.
Real estate Market of North Bangalore
The real estate market in North Bangalore provides all kinds of options, ranging from affordable housing to luxury and villa projects. While Jakkur and Hebbal are known for Luxury projects, Yelahanka and Chikkajala have good options for affordable home buyers.
According to real estate expert, “North Bangalore is a combination of attractive price points, future growth, and adequate infrastructure and these are the reasons why developers are fleeing towards this region.”
Also, with the development of three big IT, Hardware and Aerospace Park, the area is giving a major challenge to other areas of Bangalore. Close proximity to Maanyata Tech Park, Aerospace SEZ, and other IT parks further adds feather to this region.
Real estate price and trend
Areas such as Hebbal, Devanahalli, Yelahanka etc. have recently pegged with many residential and commercial development. There are also many planned projects – both residential and commercial – which are at various stages of construction.
The price of properties in North Bangalore starts from Rs 1.80 lacs and the average price of properties in Bangalore North is Rs 95.79 lacs. One can easily find affordable to luxury properties here. As compared to the other parts of the city North Bangalore has shown an upward trend in the property prices since the last six months.