Bengaluru is a dream for home seekers. The real estate market in the city is fairly stable owing to the fact that it’s driven by end users. Added to strong economic growth trends that are set to make Bengaluru one of the fastest-growing major cities in the world, the city is becoming a highly sought-after destination for those looking to invest in property.
Although areas such as Whitefield and Sarjapur have been in the limelight as fast-developing localities in the recent past, the city’s real estate potential doesn’t stop there. With the promise of infrastructural support in the near future, North Bangalore is quickly becoming the next hot area for purchase consideration.
Knight Frank India suggests a few neighbourhoods in North Bangalore that are beginning to see good development. Take a look at some of them here.
The Emerging Trinity of North Bangalore
Thanisandra-Nagavara belt
The Thanisandra-Nagavara belt is quickly growing as a viable option for residential and commercial projects.
Growth drivers
- Proliferation of residential development
- Increasing demand
- Good connectivity with Bengaluru’s Central Business District (CBD)
- Good social infrastructure with schools and hospitals nearby
Predicted connectivity
Proposed phase 2 of the metro rail is expected to enhance connectivity of this belt with CBD and South Bangalore significantly.
Yelahanka is home to multiple upcoming high-end and luxury developments. The major real estate players in Bengaluru are drawn to the neighbourhood like moths to a flame!
Growth drivers
- Improved social and physical infrastructure
- Proximity to Manyata Embassy Business Park
- Proposed setting up of ITIR [Information Technology Investment Region] and the Karnataka Industrial Areas Development Board- Bengaluru Aerospace Park
Predicted connectivity
Connectivity is expected to improve in the near future with the completion of
- High Speed Rail Link, BDA Peripheral Ring Road and the broadening of Bellary Road
- The elevated expressway from Hebbal to BIAL that will have an interchange in Yelahanka
Since the commencement of the Bangalore International Airport, Hebbal has enjoyed increased attention due to its strategic placement between the city and the airport.
Growth drivers
- Good physical infrastructure
- Emerging economic hubs
- Good connectivity to city’s business districts
- Infrastructure initiatives like elevated expressways, widening of the ORR, and development of underpasses to ease connectivity in the location
- Nearby business parks that are major employment generators and demand generators for residential developments
- Close proximity to the International Airport, Majestic Railway Station, ISKCON, Marathahalli, Palace Grounds and M.G. Road.
Predicted connectivity
The proposed monorail connecting J.P. Nagar with Hebbal, the 24 km north-south Metro corridor and the High Speed Rail Link connecting Cubbon Road with the BIAL
Bengaluru is a treasure trove of great homes that are waiting to be found by potential buyers. So the next time a sceptic tells you that property purchase is not a good idea, ask them to head North!
This is an adaptation of the original article titled “The right location” written by Satish B.N, Knight Frank India. The original article appeared in The Hindu – Property Plus supplement on 3rd October, 2015