High-end homes find huge demand in North Bangalore
North Bangalore has left tongues wagging as the region outrank others with huge demand for high-end homes. Proximity to the Outer Ring Road, uniform development of commercial, industrial and office space, and availability huge land parcels has set-off the demand for residential units in Bangalore North.
Touted as one of the vibrant micro-markets of the city, North Bangalore climbed several notches up with the establishment of the international airport at Devanahalli. Banaswadi, Thanisandra Main Road, Yelahanka, Doddaballapur, Jakkur, HRBR Layout, Bellary road, Hennur road, Kogilu, Bagalur road and Yelahanka New Township are some of the prominent residential areas that cater to buyer’s demand for high-end homes.
Connectivity is proportional to growth
The micro-market of north Bangalore includes the stretch that comprises of Yelahanka, Devanahalli, Hebbal and bellary road. On the docket infrastructure (like the elevated expressway over Bellary road and Metro rail extension) have what triggered residential developments in the region.
In addition to it, the government is eyeing the region as the potential area for future economic activity. This has played a key role in driving the residential development of this region. Featuring of north Bangalore in the Comprehensive Development Plan and the Greater Bangalore Development Plan will further give its connectivity an upper hand in comparison to other regions.
Infrastructure growth fuels demand
The availability of huge land parcels in this area led to the announcement of Aerotropolis that includes a Business Park, an airport city, Hardware Park and an Information Technology Investment Region (ITIR).
Furthermore, with the availability of international schools, malls, retail spaces and proximity to Outer Ring Road have contributed significantly towards the residential development of many pockets in North Bangalore.
Due to the presence of large land parcels, developers feel confident of promoting new residential concepts like sky villas, villaments, duplex apartments etc. At present, the capital value of North Bangalore falls within the price bracket 3,800 and Rs 11,500 per sqft for Grade A apartments and Rs 4,800-9,000 per sqft for Grade A villas/row-houses.
