Research Report on North Bangalore Residential Market

North Bangalore is one of the most sought after growth regions in the Bangalore city. The growth potential of the North Bangalore could be explained on the backdrop of international airport and slew other high end infrastructure development coupled with upcoming IT and business parks. Not to mention the relative availability of large parcels of free land which makes development of commercial, residential and social infrastructure possible.

Economic Significance of North Bangalore  Experts believe North Bangalore as one of the upcoming economic epicenters of Bangalore city. Here are the list of reasons, which is fueling economic growth in North Bangalore

Bengaluru International Airport (BIA): Located 4 KM south of Devanahalli, the new international airport is one of the busiest airport in the country both in terms of domestic as well as international traffic.

Economic Connectivity: North Bangalore is well connected with other major cities such as Hyderabad and Nagpur via Devanahalli and Mumbai via Yashwantapur.

Upcoming Business Park: North Bangalore is home to some of the upcoming business parks of the Bangalore city including the Manyata Embassy Business Park which houses some of the biggest national and multinational IT companies.

Upcoming Infrastructure Development  North Bangalore at the moment is also intercepting a range of upcoming high value infrastructure development projects, work on which has almost started. Mentioned below is the range of proposed projects

High Speed Rail Link: The proposed rail link will connect MG road in Bangalore central to BIA, thereby smoothening connectivity between central Bangalore and the airport. The rail link will be 33 KM long and cost nearly INR 5,800 crores.

Information Technology Investment Region (ITIR):  Located 15km further of the BIA, the IT region will be located on 10,500 acres and will employ 250,000 direct and near around a million indirect jobs in Bangalore. The 1st phase of the ambitious project which will involve a total of  INR 100,000 crores is expected to be completed by 2020.

Peripheral Ring Road: The 116 km road, that will circumnavigate the city, is expected to ease traffic on the Outer Ring Road (ORR) by half and will provide smooth connectivity between State highways and national highways. The 1st phase of the project will connect Hosur Road and Tumkur Road via Bellary Road.

Bangalore Aerospace Park: The Karnataka Industrial Areas Development Board (KIAD) is working on the state of the art, Bangalore Aerospace Park (BAP). The project is being developed as a world- class aerospace hub, located adjacent to the Bengaluru International Airport (BIA). So far nearly 1000 acres of land has been acquired and work is in progress in full throttle. The project is expected to give 20,000 employments split equally into direct and indirect.

Capacity Augmentation in Yelahanka Railway Station: Yelahanka railway station located in North Bangalore is undergoing remodeling exercise. The project once completed will result into capacity augmentation and introduction of new trains.

Residential Real Estate High economic activities coupled with large scale infrastructure development have helped North Bangalore evolved as one of the most sought after residential market in the Bangalore city. Mentioned below are some of the key residential locations in North Bangalore

Hebbal: It is one of the top residential localities in Bangalore on the backdrop of rise in IT companies and existing infrastructure to sustain residential growth. Hebbal’s immediacy to the airport further adds to its attractiveness as a residential investment hub. Some of the key project involves Equinox Water Edge, Hiranandani Glen Classic and Prestige Misty Waters.

Devanhalli: It is close to the airport and boasts a powerful social infrastructure. Its attractiveness is further augmented on account of 3 proposed IT parks and 4 way state highway. Some of the key projects involve Divyasree Nandi Belle Vue , Ozone Urbana Aqua,  Brigade Orchards Pavilion Villas,  Hiranandani Cottages,  Divyasree Nest and   Hiranandani The Villas.

Yelahanka: On account of availability of parcels of land, Yelahanka is undergoing strong development in the recent time and evolving into a self-sufficient micro-market in itself. Major projects involve Vajram Group Tiara, Prestige Garden Bay, Le Lexuz Stoneview Villas and  Prestige Royal Gardens .

Hennur: Located on the northern most tip of the city, Hennur is emerging as one of the high end projects. The location is directly linked to the BIA through Hennur road, which further adds to its attractiveness. Some of the major project involves Orchid Woods, Salarpuria Gold Summit, The Waves Palm Beach, Mantri Webcity and Salarpuria Aspire etc.

Reasons to invest in North Bangalore Mentioned below are some of the reasons that can stimulate investments in the North Bangalore -Potential of becoming the economic center of Bangalore. -International airport and massive surge in economic activities in the recent past -Upcoming high-end infrastructure projects -Vibrant social infrastructure in the form of numerous upcoming schools, hospitals, hotels and shopping malls. -High appreciation expected in the coming time.

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