North Bangalore, not so fashionable an address until even a few years ago, is now becoming the neighbourhood of the town. It is now a bustling business corridor that is witnessing several corporate players and entertainment industry players heavily investing in the area.
It started with the inauguration of the Bengaluru International Airport (BIA) in Devanahalli a few years back, and since people have been slowly realising the importance of having a major airport very close to their living and workplace. It is a well-known fact that airports have been the major growth driver around most major cities world over and Bangalore will be no exception. With air travel set to grow heavily in the years to come, neighbourhoods that are close to the airport will be the ones that will see the maximum growth in real-estate demand.
One of the major IT sector blocks has emerged with the opening of Manyata Embassy Business Park, an IT SEZ located on the Outer Ring Road and close to Hebbal. There are also several IT and major industry players that are planning major facilities in the area, which will also force growth in the area and this alone is a key benefit for anyone looking at either investment prospects or just a great home to live in for years to come.
According to realty experts, with the congestion of other major corporate and residential corridors, the area around the Hebbal Outer Ring Road will become a very lucrative option for the corporates that will in turn drives the overall growth of the area. Experts say that the real estate options right now are good value pick and one can expect a return on investment in 60 months.
With several glitzy malls and also numerous well-known HOTELS and restaurants coming up on Bellary Road leading up to Bangalore International Airport in Devanahalli, the entertainment quotient is also soaring up.
There are State Government provides,the Hebbal-Devanahalli stretch into a signal-free carriageway under the National Highway Development Programme (NHDP) to provide faster access to the airport. There is also the planned aerospace SEZ coming up near Devanahalli. Media reports have also stated that a Rs 1,000-crore financial city and the Information Technology Investment Region (ITIR) are other infrastructure initiatives expected to come up.
In the midst of all this action, an exciting project 'Karle Town Centre' from Karle Infra seems set to be the most in-demand developments of the city. Karle Zenith, within Karle Town Centre, is already one of the popular residential developments in Nagavara, neighbourhood of Bangalore. It is among the ongoing projects of Karle Infra Projects. It has lavish yet thoughtfully designed residences.
Devanahalli is a suburb of north Bangalore, which is located on National Highway 7 from Hebbal to Devanahalli (Bellary Road). The area is positioned 35 kms away from the Bangalore city. Devanahalli is well connected to Bangalore International Airport. Proposed social and large scale infrastructure development projects around this area will enhance its appeal as an investor's destination. These projects include an aerospace SEZ park, IT & hardware Park and a financial district.
Devanahalli is expected to transform as a residential and IT hub in the coming years with the establishment of several residential projects and IT parks due to large banks of land at affordable prices. Planned metro rail will enhance the growth of this locality. The housing demand in this locality mostly comes from the employees working in North Bangalore. Real estate demand which is associated with professionals is expected to grow up as employees move closer to their work places. In Devanahalli most of the people are investing in plots and affordable apartments for better returns in future. In North Bangalore, Devanahalli the price property is more affordable as compared to other localities like Hebbal, Jalahalli etc.