Should You Invest in Devanahalli? Insider Tips
Devanahalli is a suburban locality in the northeast Bangalore neighborhood that is experiencing a sharp increase in real estate. This is because of its proximity to international airports. It is Bangalore’s most sought-after developing residential and commercial area, Devanahalli. Also, this locality has a well-established social infrastructure, including parks, schools, and hospitals. The overall rapid Devanahalli development is making potential home buyers invest in real estate.
On comparing Devanahalli to nearby Bangalore suburbs, you will find that Devanahalli is more affordable to buy property or live on rent. It is more affordable for living than localities like Yelahanka, and Kogilu. Flats and apartments in Devanahalli for sale are available in the price range of ₹38.8 Lac to ₹1.19 Cr with 1-5 BHK room options.
Thinking of investing in Devanahalli real estate? If yes then here are a few important reasons that make it a good destination for real estate investment and you should be familiar with it.
Excellent Connectivity Options in Devanahalli Bangalore
What would a buyer’s main concern while buying a home in any specific locality? Well, that would be the area’s connectivity to other parts of the city. Devanahalli excels in this aspect as it is located just 15 km from Bangalore International Airport. So, it has also become a popular destination for frequent travelers and business persons.
- The Bangalore Metro Rail Project, which will link Devanahalli to the rest of the city, is one of the major infrastructural projects now underway in Devanahalli.
- The locality is also drawing a lot of real estate investment from IT and aerospace firms. The construction of the Devanahalli Business Park and the Aerospace Park is creating a lot of employment possibilities.
- The completion of the Peripheral Ring Road project will improve the connectivity options for every day traveling to Devanahalli.
- Currently, it has become a crucial destination for real estate investment because of its proximity to the Nandi Hills.
Zone of Work in Devanahalli Bangalore
Thanks to the improving and growing corporate and IT infrastructure, Devanahalli is becoming a center for employment. You could see various popular tech parks, business parks, and IT parks in the neighborhood. This locality is just 40 kilometers away from the city, that’s why a lot of people are relocating to this area. Many upcoming IT parks in Devanahalli such as TCS, Infosys, and Wipro are expected to be set up here. So, this will also contribute to the employment rate, rapid development, and real estate investments.
Some of the corporate and IT Tech Park near the area are:
- Kirloskar Business Park
- Centum Electronics
- Hardware Tech Park
- Aerospace SEZ
- Information Technology Investment Region
There are a lot of IT companies in Devanahalli so people working in them prefer investing in houses, flats, and villas in the nearby areas. Currently, a financial city and a science park are under construction here which are expected to create more relocations and real estate investment.
Social and Retail Facilities in Devanahalli Bangalore
Devanahalli area in Bangalore is also witnessing massive infrastructural development. Many real estate developers have started their projects after recognizing the area’s true potential as a real estate investment.
This area is an ideal location for buying a flat because of the availability of several prestigious schools and good healthcare facilities. Devanahalli, Bangalore also features several high-end hotels, restaurants, cafes, and other entertainment spots, further enhancing the local real estate demand
| Social Facilities in Devanahalli | Names |
| Schools and Educational Institutions | Akash International School, Carmel English School, Oxford English School, Gnana Deepa Academy Residential School |
| Hospitals | Leena Multispeciality Hospital, Akash Hospital
Columbia Asia Hospital, Mother Teresa Hospital and |
| Entertainment Venues | Phoenix Market Mall, World Market Mall, Elements Mall, Esteem Mall and Orion Mall |
Future Developments In Devanahalli Boosting Real Estate
Devanahalli Bangalore is a developing area that has several upcoming developments planned which will contribute to the overall development of the locality.
- In Devanahalli, Bangalore ITIR is under construction which will be spread over 12000 acres spread
- Devanahalli metro will be linked to Namma Metro Network which will make traveling to Airport and central Bangalore easier.
- IT giants such as Infosys, Wipro, and TCS are about to set their base in Devanahalli ITIR.
Growth In the Real Estate Market- Devanahalli property
In recent years, we have seen a huge demand for residential and commercial property in Devanahalli. The land purchasing prices in Devanahalli are affordable as compared to other developing and nearby localities in Bangalore. This is also giving a huge opportunity for real estate developers to build big projects.
The real estate growth in Devanahalli is also because of Kempegowda International Airport in the area. This boosted the growth of the local economy as well as commercial activity. As per the real market experts, the average price of residential properties in Devanahalli has appreciated approximately 10% in the last few years. This shows a good growth rate in the real estate market.
The average property Devanahalli square feet price is Rs. 5,070. The average rental cost in Devanahalli for 2BHK ranges from 16000 to 18000 per month.
Best Residential Devanahalli Properties
Devanahalli has stunning residential properties with all the modern amenities. Here, reckoned developers are building contemporary homes with great interiors at affordable prices. There are many options to choose from apartments to villas and plots.
Here are a few top residential properties in Devanahalli that have good connectivity, and assure property price appreciation.
Godrej Royale Woods is a stunning and amenities-packed property in Bangalore that offers 1, 2, and 3 BHK room configurations. As this project is located on NH-44, it provides smooth connectivity to other main areas of Bangalore. Oxford English School is just 8-minute drive from Godrej Properties Devanahalli.
Price– Rs 34.04 L to Rs 43.68 L
The Purva Skywood project is in the Devanahalli neighborhood on Sarjapur Road. With its 12.81 acres of land, the project offers plenty of open space. The amenities available to residents are a multipurpose court, swimming pool, jogging track, amphitheater, and kids play area. Hosur Road is only 2.5 km away from this beautiful property, while the HSR layout is 3 km away.
Price– Rs 88.41 L onwards
This is an easily accessible project from the city. It is strategically located with an amazing social infrastructure including entertainment hot spots, hotels, and shopping malls. This newest development hub is making people invest in it. It is a 135-acre spread township that offers luxurious living.
Price– ₹57 Lac onwards
Conclusion
Bangalore Devanahalli is a great location for long-term real estate investments. Because it offers a good living experience and has excellent connectivity. This locality is currently in high demand among investors, and house buyers because of its huge growth potential in real estate.
