Case Study North Bangalore Real Estate Investment
A person had moved to the northern region of the Bengaluru city from his hometown around 5 years back after obtaining an attractive job proposal from an IT firm here. With a stable savings account & upcoming marriage plan, he is now looking to buy his 1st property in north Bangalore. But with so many real estate options available, he is wavering on his decision. He has some concerns like budget, availability of required amenities, security & connectivity.
Location (North Bangalore)
Ever since Bangalore’s International Airport has been relocated to Devanahalli, the city’s centre of gravity has shifted to the North. Property buyers now have a variety of locations to choose from, including Bellary Road (from Hebbal to this new airport), Hennur Road, Thanisandra Road, & Horamavu Road.
Budget for Real Estate Investment in North Bangalore
North Bangalore tends to offer properties to suit every budget! Rates per sq. ft on Horamavu Road and the main Bellary Road range from low to high. Property prices in North Bangalore have been rising steadily. Prices per square foot on Thanisandra Road have risen in the year 2010. Similarly, prices per square foot on Hennur Road have also gone up.
Development in North Bangalore
North Bangalore is witnessing significant commercial & industrial growth. Major commercial areas here include Global Finance District, KIADB Park, Devanahalli’s Business Park, ITIR, Manyata Tech Park, Airport Township, & Taiwan Hardware Park. Industrial development in Narsapura, Hoskote, Doddaballapur, & Malur are also boosting the growth of the region.
Connectivity in the Area
With the widening of NH-7 into an eight-lane expressway, travelling to the airport has become much easier now. Moreover, the 116-km-long ring road encircling the city will increase North Bangalore’s residential attractiveness. A 31-km monorail line is also planned from JP Nagar to the airport via Hebbal.
Take Home Points
For those wondering, is north Bangalore good for real estate investment? The place offers compelling investment benefits that make it an attractive choice for real estate investors.
- Reasons to Invest in North Bangalore: Rapid infrastructural development here includes the expansion of the new International Airport in Devanahalli. This has extensively raised its attraction.
- North Bangalore Investment Benefits: There are a host of investment opportunities here. Main reasons to invest in North Bangalore include good connectivity, ongoing commercial & industrial growth, and a wide range of property choices catering to varied budgets.
- Best Areas for Investment in North Bangalore: Notable areas such as Horamavu Road, Thanisandra Road, Bellary Road, & Hennur Road are among the best for investment. These areas provide a mix of residential & commercial prospects.
- Upcoming Projects in North Bangalore: Upcoming projects like the proposed 31 kilometres monorail from JP Nagar to the airport via Hebbal and the development of the Global Finance District & Manyata Tech Park further enhance the region’s potential.
- North Bangalore vs South Bangalore for Investment: When comparing North of the city to its southern part, North Bangalore surpasses as a better proposition for investment purposes. This is due to its modern infrastructure, strategic location near the airport, and continuous price appreciation.
Overall, North Bangalore is greatly regarded for real estate investments, staging lucrative opportunities for people seeking long-term growth & good stability. Innovativ Developers can help you further with your decision of investing in North Bangalore!