Real estate in Yelahanka to rise several notches up
Soaring values of real estate in Bangalore have been driving the home buyers in the region to focus on suburbs and satellite towns. Yelahanka, the potential growth corridor of North Bangalore, is one such suburb, which offers a wide array of housing units for every income segment in the city.
Connectivity and Public Transport
Characterized as one of the fastest growing suburbs in the Garden city, the locality is presently under Bruhat Bengaluru Mahanagara and boasts of excellent connectivity. With the Bangalore International Airport at 20 km from the vicinity, Yelahanka makes travelling a cakewalk for commuters.
The National Highway 7 which passes via the neighborhood and easy accessibility to major industrial hubs such as Doddaballapur, Peenya, Jalahalli and Jakkur as further added to the essence of the region. The closest railway station is Yelahanka Railway Junction, located at a distance of 8km. The locality is also served by a number of private cabs and auto rickshaw services, making it convenient to reach major locations in Bangalore Metropolitan Area.
Amenities
Social infrastructure, in addition to connectivity, has played a major role in adding to the number of property transactions in the region. This upcoming area is strategically located between new and old developments of the city, encompassed by a number of tech parks, schools, colleges and SEZs.
Mega projects such as KIADB Park and Devanahalli Business Park have served as the key reason for the increase in real estate activities in the region. Some of the renowned educational institutions in the area include Canadian International School, Seshadripuram Public School, and Ryan International School. Neha Prakash hospital, Sri Maruthi Hospital and Yelahanka Government hospital are the well-known healthcare centers in the region.
Real estate and Price Trends
Consistent commercial growth and adequate infrastructure development has what contributed to the residential real estate market of the region. Housing units in the area range between Rs 30 lakh- Rs 80 lakh, depending mainly on the proximity and amenities offered.
In the first quarter of 2013, prices for residential property in the region appreciated by 22% in comparison to last year. The price per sq ft, at present, for a multistory apartment in the vicinity ranges between Rs 3600-Rs 4300 whereas the rent per sq ft ranges between Rs 11- Rs 13. Some of the upcoming project in the locality include SRR Wimbledon, Century Gitanjali and Century Star. The home buyers in the region are generally offered 2BHK, 3BHK and 4BHK units inclusive of all the modern amenities such as swimming pool, clubhouse, gym, community hall etc.
For homebuyers, the Hebbal-Yelahanka-Devanahalli stretch offers a gamut properties within a wide price bracket, making this region one of the preferred real estate investment destinations. Furthermore, proximity to Bellary road and Hebbal road has further added to the credential of the region extensively.
