Bangalore/ Bengaluru known as the “IT capital of India” and “Silicon Valley of India” is the third-largest city of India. The emergence of the city as the center of India’s IT and tech industry has led to a subsequent real estate boom.
In the past decade, the garden city of India has witnessed a rapid appreciation in property prices, mainly due to the floating population of working professionals moving into the city in search of job opportunities.
North Bangalore is rapidly emerging as a viable long-term investment option due to its proximity to commercial developments, social infrastructure, and the emergence of various business parks.
We look into why north Bangalore remains in high demand for home buyers.
1. Commercial Developments
KIADB Aerospace SEZ: 950-acre Bangalore Aerospace Park which includes a 250-Acre special economic zone (SEZ) has attracted investments from 50+ large and mid-sized companies.
Devanahalli Business Park: 413-Acre Devanahalli Business Park is expected to attract an investment of $2.2 billion over the next decade, making North Bengaluru a major economic zone.
BIAL IT Investment Region (ITIR):12,000-Acres land is dedicated for BIAL-ITIR which has generated interest from over 55 multinational IT companies including tech giants like Infosys, Wipro, TCS, and Cognizant.
International Convention Centre: Bangalore International Convention Centre will be built on 35 acres of land next to the Bangalore International Airport through a public-private-partnership (PPP) model.
Disney Land Theme Park: The tourism infrastructure development department has proposed to build a theme park on the lines of Disneyland in the north of the city - either in Devanahalli or along Bengaluru-Tumakuru road.
2. Connectivity
Bellary Road: Bellary Road (NH7) from existing 6-lanes is getting widened to 8-lanes, which would sustain higher traffic due to airport expansion and expected real estate developments on either side of the NH7.
International Airport: The Kempegowda Bangalore International Airport is the key driver in demand for real estate in North Bangalore. Close proximity to the airport ensures hassle-free connectivity with other cities.
Railway Station: Yelahanka Railway Station provides good connectivity with other parts of the city as well as other cities. Being close to the railway station has its own set of advantages as it links you to other parts of the country.
Metro Rail: Bangalore Metro Rail Corporation Limited has already announced the extension of the metro in Phase 2, 2A, and Phase 3. Metro connectivity in North Bangalore makes the daily commute to other parts of Bangalore an easy task.
3. Residential projects for every budget
Wide Range of Options: Most of the older localities of Bangalore are far too expensive for most young investors. Property prices have skyrocketed and even a large budget might not get the average investor high square footage. On the other hand, while most areas in North Bangalore have a long and rich heritage, their prominence as real estate investment hubs is only coming to the fore now. Because of this, the price of the property is still considerably affordable. For a much lower price, homebuyers can enjoy a larger space with better amenities.
A Large Number of Projects: North Bangalore has numerous apartments, plots, and villas available by reputed developers at a wide range of prices. This means that no matter what your budget, you are almost certain to find your dream home here.
High-Quality Projects: Because many of the projects in North Bengaluru are new constructions, the quality of the projects is also far superior to those in nearby areas. They come with a host of luxury amenities like clubhouses, swimming pools, gyms, and more. This offers residents a greater quality of life at a significantly lower price.
4. World-Class Educational Institutions
VIBGYOR High School
Kendriya Vidyalaya
Presidency University
Mallya Aditi International School
BMSIT College
MES College
Vidyashilp Academy
Delhi Public School
The HDFC School
5. Healthcare Facilities
Columbia Asia Hospital
Kempegowda Hospital
Aster CMI Hospital
Baptist Hospital
Malavya Hospital
Omega Multispeciality Hospital
6. Leisure, Shopping & Entertainment
Phoenix Mall
Elements Mall
Esteem Mall
RMZ Galleria Mall
Ramanshree California Resort
Ramada by Wyndham
Country Club
Angana Oasis Resort & Spa
All these factors make North Bengaluru the ideal investment destination. North Bangalore offers residents the ideal combination of real estate investment value and excellent quality of life. With planned social infrastructure and development in place, this region is all set to grow in the coming years.
SPT Silverwoods by SPT Group is our latest residential villa project located just 10 minutes from Yelahanka New Town. With luxurious nature-inspired villas, 65+ modern lifestyle amenities, and large lush green areas at an unbeatable price, this is surely one of the best investments in North Bangalore.