The real estate growth story of Devanahalli is a classic example of how an airport can transform the locality’s fate. Proximity to the international airport, coupled with the availability of land parcels at relatively affordable values, has made Devanahalli one of the most popular real estate localities in Bangalore. The extension of the Metro project is expected to significantly ease the daily commute for its residents, which would further catalyse the residential demand in the area.
Several major infrastructure projects are planned in the area. These include a science park, aerospace park and a financial city. Also, the upcoming BIAL Investment Region, the largest proposed IT region, is in the vicinity. With so much happening in and around the locality, the real estate scenario here is changing rapidly.
Commute
The highlight of Devanahalli is the Kempegowda International Airport, which is located about 5km south of it. It is connected to the airport via NH7. The NH7 highway has been expanded into a six-lane road, which connects Hebbal to Devanahalli. The BMTC bus network, along with Vayu Vajra connects this locality to several other parts of the city.
Lifestyle
Devanahalli is one of the well-planned localities around Bangalore. From school to hospitals, malls, you can find everything within a range of 3-4km. Many IT companies have started shifting their base here with the development of the new IT park.
Top Projects
School/ Educational Institutions
- Akash International School
- Gnana Deepa Academy Residential School
- The School of Ancient Wisdom.
Hospitals
- Columbia Asia Hospital
- Akash Hospital
- Regal Hospital
The Real Estate Market
Once all the planned projects are complete, Devanahalli will become one of the most valued localities in the city. It is clear that the demand for residential properties is bound to increase. Right now, the rates are competitive. The average price of real estate in the area is Rs 4,462 per sq. ft.
What to Expect
With several infrastructure projects on the anvil, the property prices are expected to rise in the times to come.