Why North Bangalore is still Destination of Affordable Apartments - Page 2

Why North Bangalore is still Destination of Affordable Apartments

By SiliconIndia   |   Saturday, September 27, 2014
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real estateDevanahalli: Devanahalli is a suburb of north Bangalore, which is located on National Highway 7 from Hebbal to Devanahalli (Bellary Road). The area is positioned 35 kms away from the Bangalore city. Devanahalli is well connected to Bangalore International Airport. Proposed social and large scale infrastructure development projects around this area will enhance its appeal as an investor’s destination. These projects include an aerospace SEZ park, IT & hardware Park and a financial district.

Devanahalli is expected to transform as a residential and IT hub in the coming years with the establishment of several residential projects and IT parks due to large banks of land at affordable prices. Planned metro rail will enhance the growth of this locality. The housing demand in this locality mostly comes from the employees working in North Bangalore. Real estate demand which is associated with professionals is expected to grow up as employees move closer to their work places. In Devanahalli most of the people are investing in plots and affordable apartments for better returns in future. In North Bangalore, Devanahalli the price property is more affordable as compared to other localities like Hebbal, Jalahalli etc.

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