Latest update on Property in North Bangalore
Bangalore, dubbed as the 'Silicon Valley' of India, boasts of excellent educational institutions, infrastructure, multi –cultural population, good social infrastructure besides being the IT hub of the country. All these parameters powering the city make it a good place to work, to do business, and to live in thus providing safe and healthy atmosphere besides sparking the economic activity.
North Bangalore is one of the major regions which have seen a momentous boom in real estate due to the development of the IT park, educational institutes and more. It houses some major research institutes, engineering, agriculture, and medical colleges along with number of IT parks and corporates. Apart from this the area has vast expanses of land with bamboo and eucalyptus plantations and Botanical gardens. It also has other places of interest including the temples on Nandi Hills, Agriculture Research Centre -Gandhi Krishi Vigyan Kendra, and the distinguished Parsi Tower of Silence.
Talking about the Property in North Bangalore, while the demand for high end accommodations is on a rise mainly in areas like Central Business District (CBD), North Bangalore, Secondary Business District (SBD), Outer Ring Road sub-market and Whitefield, it is also an up-and-coming market for villa projects as the premium property buyers are also conscious about the facilities available, unit size and product quality. Row house developments are a common feature in areas like ORR, Sarjapur Road and Whitefield micro-markets. Closeness to the International Airport, planned social and physical infrastructure, upcoming projects in areas like Bellary Road have caused a spur in the development of the region. 40 kms away from Bengaluru, and acclaimed as Tipu Sultan’s birthplace, Devanhalli has become investment heavy and is seen as the next hotspot for real estate in North Bangalore.
This rising graph of the economic growth has led to an aggressive development in the real estate market. What is working for the property in North Bangalore is the social infrastructure in this part of the city due to availability of land at cheaper rates as a result of which many good schools and top hospitals of national listing started emerging here. It has become the center of high –end residences especially in the areas close to Bellary Road and Hebbal and the credit for the same goes to the upcoming Kempegowda International Airport, six-lane expressway, Bangalore Metro Rail and High Speed Rail Link. Besides, the Government is also bolstering economic activities like planned Aerospace SEZ, proposed Devanhalli Business Park and The Information Technology Investment Region (ITIR) near Devanhalli.
North Bangalore is considered to be a rapidly developing region with an expected appreciation rate of around 20-30% and has prompted several big companies to build their offices in these parts of the city. Gated societies and villas on the Yelahanka-Dodaballapur Road are notably in high demand. With many malls, well-known restaurants and hotels lined up on Bellary Road up to International Airport in Devanahalli, the entertainment factor is also rising.
Because of the prospective buyer’s convenience, the real estate in North Bangalore sees a major demand for affordable housing mainly from professionals and working people. If your are looking at property for sale in North Bangalore, the top developers to get in touch are Kolte Patil, Godrej Properties, Prestige Group, RMZ Group, Sobha Developers and Hindujas.
Among the several residential developments either announced or being developed by reputed builders, there is one by the name of Kolte Patil iTowers Exente which is specially catching on the attention of the investors and home-seekers alike. Launched by the prominent builder group, Kolte-Patil Developers Ltd, the structure of the project is that it is one of the tallest towers in the area which is the main USP of the project.
So, in case you want to settle down in a developing zone then property in North Bangalore is a good option. The area is being touted as the “new age Bangalore” and has become a hotspot of development that is expected to give excellent ROI over the next few years!