India’s IT capital- Bangalore has always been an attractive property destination for people who are looking for better job opportunities and living standards. With more and more residential and commercial development, the IT city has seen various real estate developments in past years. Today it has become a top investment destination among all the property market.
However, in recent times, North Bangalore has taken a front seat in the city’s realty sector. With many projects coming up in the region, North Bangalore has started overshadowing other property hotspots of the city.
Take a look at various factors that make North Bangalore a preferred real estate investment destination:
North Bangalore comprises of Hebbal, Yelahanka, Doddabalapur Road, Hennur Road, HBR Layout, Banaswadi, Yelahanka, Yeshwanthpur, and many other areas. However, the best performing area here is Hebbal, Yelahanka, Hennur Road and Doddabalapur.
These parts of Bangalore enjoys 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.
Areas of North Bangalore like Hebbal, Devanhalli are known for renowned IT parks and presence of MNCs. Also, these areas boast famous various educational institutions, Health care centers and many.
Many proposed physical and social infrastructure 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
The real estate market in north Bangalore is filled with all kinds of options, ranging from affordable housing to luxury and villa projects. According to real estate pundits, “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.” With the development of three big IT, Hardware and Aerospace Park the area is giving a major challenge to other areas of Bangalore. Also, close proximity to Manyata Tech Park, Aerospace SEZ, and other IT parks are also an add-on to the region.
Property Price and trend
Talking more in context of the Real estate market, areas such as Hebbal, Devanahalli, have recently pegged with residential and commercial development. There are also many planned projects – both residential and commercial – which are at various stages of execution.
The price of properties in Bangalore North 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.