Reasons to Invest in Bangalore
Bangalore has always been the Hubspot of real estate investment. The crucial factors for real estate growth are IT hubs, Manufacturing hubs and SEZ, not only that it’s undergoing new reformation right now. Especially if considering areas around Bangalore International Airport they had a tremendous shift since 2008, from the time the airport came into operation it is one of the fastest-growing areas in the city. It is becoming the next Hubspot for residential and commercial destinations. Some of the prominent locations of North Bangalore are Devanahalli, Hebbal, Doddaballapur Thanisandra, Hennur and Yelahanka. Property Experts have forecasted that it is the right time to invest in North Bangalore for gaining maximum returns, thus making it a profitable investment.
Yelahanka is situated in the Northern belt of Bangalore comes under BBMP, earlier it was a satellite town. Yelahanka is quite known for its scenic beauty, the region is situated in between water bodies such as Yelahanka Kere and Puttenahalli lakes. Recent growth and development in infrastructure has made the locality quite a hype among the emerging real estate market of Bangalore. The property market in this region hold unbound potential for both buying and renting homes. Prestige Primrose Hills is one of the residential spaces coming up near to Off Kanakapura Main road with 1 & 2 BHK Apartments.
Why North Bangalore is the place to invest in 2020?
Pricing plays a huge role when it comes to investment in property. Compared to the other parts of Bangalore the pricing of the properties in North Bangalore are still stable and within the affordable range for the middle-class families, even if we think about the segment of the young crowd of IT professionals with disposable income looking for investments for longer term. Though there is tremendous ballooning of property prices in Yelahanka in recent times due to the rapid transformation of social infrastructure. Thus pocket-friendly investment can ensure formidable returns in coming years.
As this place is quite close to Bangalore International Airport, It is one of the fastest-growing suburbs of Bangalore, that has witnessed miraculous development overnight, that has initiated the fast progress is its propinquity to the airport, even government has announced that region as ITIR (Information Technology Investment Region) with promising development. There is already a proposal of Phase 3 of Bangalore Metro will have a station at Kogilu Road Cross. Widening of the railway line between Yelahanka and Penukonda is in the pipeline. Yelahanka is expected to create around 40lakh jobs in the next two decades. Following the huge growth of Devenahalli Business Park. The city is transforming at a rapid speed so don’t miss out the chance of investing.
The locality is also known for several defence establishments such as the Indian Air Force’s Air Force Station, BSF Training Centre and CRPF training school and its proximity to Bangalore International Airport has led to the rapid transition of social infrastructure development as well, as it is government catalyzed. The neighbourhood include schools like Chrysalis High, Delhi Public School, Mallya Aditi International School, Vidyashilp Academy, Canadian International School, NITTE International School, etc and colleges such as Brindavan College and NITTE School of Management. Columbia Asia Hospital, Aster CMI Hospital, and Neha Prakash Hospital are quite reputed hospitals in that area.Some of the IT parks in that area are RMZ Galleria Commercials, Northgate Office Park, NCC Urban Windsor, Metropolis Business Park, Ecopolis Business Park, Brigade Magnum, Brigade Opus, Kirloskar Tech Park even the region is also manufacturing belt for HAL, BEML, even units of Federal-Mogul, Rail Wheel Factory, Mother Dairy is located in and around that region.
Rapid transformation and growth has lead to a lot of congestion in and around the city, which has got no space for the city to breathe especially areas around East Bangalore like Whitefield, Marathali even in South Bangalore places like Silk Board, BTM slowly this places are losing out the momentum because of traffic congestion and narrow lanes of connectivity. If we take a closer look into North Bangalore, though it’s still in developing phase but its well chalked out in terms of wider lanes, better roads with better connectivity.National Highways 7 pass through this area. Few of the important roads in this region include Hospital Main Road, BB Road, and New Town. Besides, Bangalore City Junction and the Bangalore International Airport is about 20 km away from this region and the area is well connected with BMTC bus services Thus making it quite an exciting opportunity to invest.
Sustainable and Eco-friendly Designs
The tremendous growth and development has lead to a lot of issues as well in the city, especially areas around East Bangalore like Whitefield and Marathahalli where waste management has become a big issue even if consider South Bangalore, the problem of water shortage is also there, all these have come up because of lack of sustainable design and development. But when you take a look at the ongoing development around North Bangalore, the projects are getting launched only with sustainable development plans of rainwater harvesting, proper plan of waste management and sewage channels, which is very much needed in Bangalore.