Of the multiple asset classes popular towards defining how the wealthy distribute their money, the time-tested asset classes remain commodities, stocks and shares. In the recent-past, cryptocurrency, mutual funds, personal investments like cars, art, gold, planes and the much resilient and proven winners, residential and commercial real estate.
Further to the Covid crises and the anticipatory new world order, with China and India in pole positions, thanks to the large containment of the menace and shifting global bias towards outsourcing manufacturing and technological jobs here - conjecture is that the Indian economy will be driven towards a buoyant trajectory, with real estate making a considerable impact on jobs and markets creation. This is precisely where the charm and allure of a time and recession-proof plotted development comes in. Why, Mark Twain once opined - “Buy land. They’re not making it any more”.
As Warren Buffet rightly said “Never invest in a business you cannot understand”. The affluent understandably know and educate themselves to the nuances of a business/asset first and then invest. A game of numbers, well substantiated through date, precedence and of course, trends.
Statistically speaking, real estate has yielded good results over a period of time. The wealthy go for investing in Grade A real estate, in plotted developments which bear the promise of infrastructural growth, thus mitigating risks associated with markets linked to larger macroeconomic conditions. Rental yields (read passive income) is also a source to supplement their or sweat an asset rather than let it idle.
Around 90% of the world’s millionaires are self made by investing in real estate, pharma or technology. Many invest in organic farms, convert their huge land into a resort or a vineyard, ranch, or even convert the basement of their house into a separate rental unit - eventually supplementing their income.
Yet another popular choice is to furnish a strategically located land parcel into a villa/bungalow - with classy aesthetics, remarkable architecture - with frills such as an attacked pool, temperature-controlled wine cellars, multiple parking slots-the works.
Many high-end investors thus today are looking at gated plotted developments as a desirable investment towards healthy capital growth and planning the lavish lifestyle they seek. North Bangalore is a credible micro-market, coming alive and being planned for the future - with a plethora of infrastructural stories around it - planned in anticipation of steady migration of businesses and mixed-use developments alike. KIADB Park, Bagalur Finance City, International Convention Centre, Devanahalli Business Park, Disneyland Theme Park, Nano Park etc are some of the interesting and upcoming attractions of North Bangalore.
Furthermore, planned SEZ, ITIR, Elevated Expressway, the Bangalore Metro Rail, Peripheral Ring Road have been the core drivers of North Bangalore’s residential growth.
More insight on these upcoming areas & developments :
1.Bangalore Aerospace SEZ: Bangalore Aerospace Park is about 950 Acre off which 250 acre is of special economic zone (SEZ). 56 large and mid-sized companies have invested into this. The SEZ will be introducing US companies to the government officials and industries to the aerospace programs giving them a good exposure.
2.Devanahalli Business Park: Devanahalli Business Park, 413 Acre, is expected to lure an investment of about $2.2 billions in the next 5-7 years. It is one of the massive and biggest projects which is coming alongside the Bengaluru International Airport (BIA).
3.BIAL IT Investment Region (ITIR): BIAL IT investment Region has 12,000 Acres and over 55 multinational companies mainly IT sectors like Infosys, TCS, Wipro and Cognizant have shown interest in it.
4.International Convention Centre: Bangalore International Convention Centre is located next to Bangalore International Airport and will be built on 35 acres of land through a public-private-partnership (PPP) model. It will be a design plan with a garden city theme creating a distinctive convention demonstrating an amazing experience in a garden, that will have people go through it in order to reach their final destinations.
5.Bellary Road: From an existing 6-Lanes, Bellary Road (NH-7) will be widened to 8-Lanes. This would support the heavy traffic due to the expansion of the airport, resulting in developments of real estate on both sides of NH-7.
6.Disneyland Theme Park: Through a public-private-partnership (PPP) model, Karnataka Tourism Industry is all set to be boosted by the department of Tourism, by initiating over 1000-acres land for a theme park on the lines of Disneyland. The preferred location would be in Devanahalli or along Bangalore - Tumkur road.
7.Nano Park: India’s first Nano park is being planned by the Government of Karnataka which has a 15 acre plot size. It will contain a Nano Incubation Centre with all the necessary infrastructure and support systems.
Within this location, Century Artizan, a BDA approved, ready-to-register plotted development, with large plots ideal for villaments, strategically located in Yelahanka Extension, is a prized offering. In proximity to major hospitals, educational institutions, premium leisure options and a zippy drive to Kempegowda International Airport, it offers plotted land along with a lavish 50,000 sq.ft. (4,645.15 sq.m.) Clubhouse featuring multiple activity areas. Century Artizan is thoughtfully detailed into Rembrandt Bungalow Plots - (50 ft x 80 ft), da Vinci Plots - (50 ft x 75 ft), Picasso Cottage Plots- (60 ft x 40 ft), Michelangelo Estate Plots - (larger dimensions) that suit your preferred lifestyle, in a steadily-appreciating micromarket, with the promise of multiple government-commissioned projects, are what connoisseurs may choose from. Inside, water bodies, grand artwork, a myriad gardens and the well-anointed Clubhouse await connoisseurs. RERA approved, one may construct their villas right away.
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