India’s IT capital- Bengaluru has always been an attractive 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 in the property market.
With more and more people coming to live in Bengaluru, the areas of Electronic city, Outer Ring Road, Sarjapur, BTM, and Whitefield has already been populated, on the other hand, the property market here has seen a steep growth in last many years. So In recent times another area of Bengaluru which has taken a front seat in North Bengaluru. With many projects coming up in the region in recent times, north Bengaluru has started overshadowing other property hotspots of the city.
The real estate market in north Bengaluru is filled with all kinds of options, ranging from affordable housing to luxury and villa projects. Apart from that, proximity to Airport is one of the main reasons behind the popularity of the region. According to real estate pundits, “North Bengaluru 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 Bengaluru.
Why invest here?
- Proximity to the International Airport
- Rapid infrastructure development
- Presence of malls, multiplexes, retail outlets, hospitals, schools and banks
- Proximity to IT parks and aerospace centers
- Connectivity through the Peripheral Ring Road and Hebbal-Devanahalli elevated expressway.
- Development of Bengaluru Metro Rail Phase 2 from Airport to Nagawara to Gottigere and Bellary Road
Real estate development in North Bengaluru
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. Developers are also expecting further infrastructure development which is coming up near the airport.
Close proximity to Manyata Tech Park, Aerospace SEZ, and other IT parks are also an add-on to the region. Some of the housing hotspots in north Bengaluru include Jakkur, Hebbal, Bellary Road and Thanisandra. Many commercial and industrial hubs are also investing in this area which is calling Bengaluru people to make it a prime location for the whole city.