North Bangalore, is better known as next investment hub of Bangalore. In North Bangalore, Hebbal-Devanahalli stretch is one of the fastest emerging premium residential hubs. Availability of land at relatively reasonable rates and key infrastructure developments has spurred developers to launch premium projects.
Bangalore North has a good future. After the new airport, Technology developments will also come up. South and East are now getting developed and there will be office development in future.
The realty market in North Bangalore is increasing rapidly. Availability of land at cheaper rates is one of the main reasons behind luxury projects being launched in North Bangalore.
Bangalore is known as a knowledge hub with IT. In compare to the top three markets of Mumbai, NCR and Bangalore, Bangalore city still has 85-87% end users. It is investors who drive prices up or down. The average price of an apartment has been Rs 3000 to 4000 sq ft which is quite affordable compared to any of the cities. In the last 3 to 4 years property prices were stable in Bangalore real estate market. Last year 18,000 flats were sold in Bangalore. This was much higher than in the last 3-4 years. Bangalore offers a wide range, starting from Rs 2000 to 5500 per sq ft.