Owing to its demonstrated and steady infrastructural growth and maintenance of price points over sustained periods of time, Bangalore holds credibility towards being known as a steady generator of employment opportunities and subsequently, quality housing options for residents. Although 2018 and 2019 have exhibited mixed results for Indian real estate, 2020, post Covid would arguably be a definitive year towards markets which have historically proven resilient across macroeconomic fluctuations and turbulences. The resurgence of the Indian economy over the next quarter will in all likelihood, be also driven by real estate and infrastructure, which in turn would demonstrate bias in a growing micro market in Bangalore - specifically the northern part of it.
Thanks to the vigorous infrastructure, compared to other cities, Bangalore offers a sizeable higher return on selling and renting out on properties. In fact, property rental yields have some of the highest ROIs as compared to pan-India rental yields to capital value ROI.
Bangalore is seeing huge transformation which is most pronounced in the North Bangalore region. This region has received huge attention and importance since the time Kempegowda International Airport was built. Since the Outer Ring Road is well connected with this area, property values have appreciated significantly. Yet another redeeming feature is its seamless connectivity with the key central business districts.
The most important and leading locations of North Bangalore are Devanahalli, Hebbal, Doddaballapur, Thanisandra, Hennur and Yelahanka. There are several promising land banks in these areas which will soon be for sale or developed as residential/mixed-use developments with quality residential and commercial options, in turn making them the most profitable-investment options. Real estate companies in Bangalore will soon incur huge benefits from Aerotropolis, IT and Aerospace parks. According to experts, this will be the perfect opportunity and time to invest and gain good returns.
Following are the list of few of the main residential hubs in Bangalore :
Reasons to Invest :-
●20 km to Kempegowda International Airport.
●Education Institutions: BMS Institute of Technology, Ryan International School, Delhi Public School and SB College of Nursing
●Two lakes in the area — Allalasandra Lake and Puttenahalli Lake enhancing the independent ecosystem of this region.
●Infrastructural upgrades like the High Speed Rail Link (HSRL) to the airport, Metro Line and the Peripheral Ring Road will benefit the connectivity to this area.
●The Commuter Rail System will connect Devanahalli with Yeshwantpur via Yelahanka due to the development of Devanahalli Business Park
●Real Estate: Property values range between Rs 2,500–5,000 per sq ft. Over 20 new projects are launching soon at various prices in Yelahanka.
It is one of the most important areas in North Bangalore. The establishment of L&T factory in the 1970s completely changed the outlook over here leading a credible real estate destination. The flyover that links Bellary Road and Outer Ring Road has significantly improved the development of over here.
Reasons to Invest :-
●20 km to Kempegowda International Airport and allied SEZ zones, via NH7.
●Well connected to other parts of the city through Outer Ring Road and railway and road (BMTC) networks.
●8 lane Bellary Road pre-planned to address anticipated enhanced vehicular traffic.
●Employment hubs: Manyata Tech Park, Manyata Embassy Business Park and Kirloskar Business Park.
●Social Infrastructure nearby: Leading hospitals like Bangalore Baptist Hospital and Columbia Asia Hospital; Esteem Mall; reputed education institutes like Air Force School and Vidya Niketan School. Upcoming hotels include Hyatt Residency and Oberoi in the Hebbal Lake area.
Hennur Main road is at close proximity to the airport and the city. It is yet another serene and peaceful filled with greenery like Yelahanka. Due to its connectivity, many residential projects and infrastructure are developing making it an attractive destination for consumers.
Reasons to Invest :-
●30 Kms distance to Kempegowda International Airport.
●15 Kms distance to Majestic
Devanahalli is the next big commercial hub in Bangalore. It is a multi-billion dollar investment and its reasonable property price is what makes it interesting.
Reasons to Invest:-
●5 kms to Kempegowda International Airport via NH7, with a new satellite Ring Road connecting the city with Doddaballapur Road.
●Multibillion-Dollar Devanahalli Business Park initiated by State Government coming up on nearly 413 acres next to the airport which will include : IT & ITes parks/SEZs, three multi-specialty hospitals, a finance district, an aviation academy and Bengaluru International Convention Centre (BICC)
●Situated near the upcoming 12,000-acre BIAL IT Investment Region, creator of nearly 4 million jobs.
●Shell and IFCI campuses will be completed soon.
●950-acre Bangalore Aerospace Park including 250-acre special economic zone (SEZ) with Boeing, Airbus and Bombardier will be creating nearly 2.5 Lakh jobs
●Social Infrastructure: Popular hospitals and Malls like Columbia Asia Hospital and Phoenix Market City Mall. Upcoming Hotel projects include Oberoi at Bangalore International Airport and Taj Airport Hotel and Holiday Inn at Devanahalli.
●Infosys Technologies has acquired 10 acres of land in the Devanahalli area.
This is yet another rapid growing locality in Bangalore and is in close proximity to the International Airport and connectivity with areas like Jakkur, Hebbal, HBR Layout and Hennur. Outer Ring Road (ORR) further helps with easy access to many other important areas in the city.
Reasons to Invest:-
• 25 km to Kempegowda International Airport.
• On-going expansion of the main road as an alternative road to the Airport.
• Easy access to central Bangalore through BMTC services
• Employment zone: 2 km from Manyata Tech Park and 8 km from Kirloskar Business Park.
• Social Infrastructure nearby: Popular infrastructure include Hilton and Shangri-La; HKBK College of Engineering; Bangalore Baptist Hospital. Also, the luxurious Leela Hotel is coming up in Bhartiya City.