North Bangalore: An attractive real estate destination of the IT city

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.

North Bangalore real estate destination

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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.

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New IT Parks and SEZs Revitalize North Bangalore Real Estate

The financial year 2014-15 saw some significant changes in the real estate market of Bangalore. The capital values across some of the popular sub-markets of Mumbai have seen good appreciation. However, the overall absorption rate for the Flats for Sale in Bangalore are recorded to be lower than the last year. Several new projects also came up in different parts of Bangalore.

New IT Parks and SEZs Revitalize North Bangalore Real Estate

Unlike East and Central Bangalore, North Bangalore has received much attention of the investors this year. The main reason behind popularity of this area as a residential and commercial destination is its proximity to international airport. IT parks are also coming up around the area which will further boost its commercial development. Karle IT Park and Embassy Manyata Tech Park are the two most famous Special Economic Zones in North Bangalore. The location is also a hub of fundamental research institutes and colleges that match international standards in their curriculum and training techniques. Over 500 reputed organizations including BHEL, HMT and Hindustan Times have their offices here.

Property Price Trends in North Bangalore

Click Here for Current Property Price Trends in North Bangalore [Read more…]