North Bangalore Portfolio features good Residential Investment Prospects

North Bangalore Portfolio features good Residential Investment Prospects

By siliconindia   |   Friday, January 23, 2015
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Bangalore: Being as a major IT hub and real estate giant, Bangalore is growing leaps and bounds in every aspect over the years. Due to its multidirectional growth, the city turned as a preferred real estate destination for many individuals, mainly NRI’s who are planning to return back to India from abroad. Over the years, North Bangalore is persistently witnessing real estate activities and bowed as a favored investment zone.

Experts say that who are planning to grab maximum returns, investing in North Bangalore lands for residential or commercial development is a shrewd option. Continuous expansion of the city, dispersion in the other zones of Bangalore, accessibility of huge banks of land, raise in migrating population leads to the influx of new neighborhoods in the North zone of Bangalore. In North Bangalore there are many localities offering affordable plots which have potential to give significant returns in future. The localities are Doddabalapur Road, Devanahalli, Babu Sahibpalya, jakkur, Thanisandra, Nagarbhavi, Hennur etc.

Among all the parts, North Bangalore localities holding utmost importance and witnessing heavy investments of residential and commercial property as the northern part is undergoing a fabulous infrastructure development. Soon, North Bangalore will turn into a Greater Bangalore. Arrival of Bangalore International Airport, proposed IT development in Devanahalli, proximity to various IT parks and MNC companies, social and physical infrastructure development has transformed North Bangalore as a bustling business corridor and expected to give new extent in the impending years.

In North Bangalore, Doddabalapur Road and Hebbal to Devanahalli stretch offer huge parcels of land for residential and commercial development. In addition, the cost of land is comparatively less. The land prices are expected to soar in near future.

Real estate developers say that as the areas are under development, the north Bangalore localities have a long term potential to offer healthy returns and capital gain for investors.

North Bangalore has one more plus point that is good connectivity via roadways, railways and airways. Express Highway, high-speed rail link and mono rail, which will reduce the commute time to airport and other prime localities of Bangalore. For every smart investment connectivity is a major requirement. Moreover, after predicting the prospects of greater Bangalore, the state government proposed to launch a number of projects in North zone of Bangalore such as aerospace, ITIR (Information technology Investment Region) and financial city.

All the above information proves that North Bangalore has positive investment prospects, and undeniably will generate healthy returns for both commercial and residential investors.

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