Top Reasons to Opt for investment in Real Estate in Devanahalli
Property in Bangalore has always offered consistent prospects in terms of rental returns and price appreciation. Property prices are at an all-time low, probably it’s a good time to invest in property in Devanahalli
Bangalore, the capital of the southern state of Karnataka, is one of the most vibrant and fastest-growing cities in the country. However, a region like Devanahalli has contributed phenomenally to the city’s economic growth in North Bangalore. The real estate industry in North Bangalore is currently booming with IT giants offering huge employment opportunities to thousands of IT professionals every year. This, coupled with excellent infrastructure, uninterrupted connectivity, and excellent year-round climate, makes North Bangalore the perfect place and a good time to buy a home. This is the right time to invest in real estate in Devanahalli.
The north of Bangalore is home to many fast-growing residential localities such as Hebbal, Devanahalli, Yelahanka, and Hennur Road. Neighbourhoods like Hebbal and Devanahalli have played a pivotal role in real estate growth in North Bangalore with skyscrapers known to be landmarks in themselves so it is a good time to invest in property in Devanahalli-Bangalore. Even if you are not planning to rent out your property and are planning to buy a home in North Bangalore to relocate to, the rapidly growing economy will benefit you and your family as you will be living in a prime location. If you are looking to invest in residential property in Devanahalli, be sure to visit the BSNL Housing Society site for eco-friendly developments that are built keeping sustainable urbanization in mind.
The friendly city of the millennium:
According to the report, Bangalore is a millennial-friendly Indian city with the highest employment rate in the country. It ranks 18th in this category among Asian cities. It is also the first choice of women in employment. Is it a good time to invest in property in Devanahalli-Bangalore, yes as it has a large demographic dividend, the report says, with 37% of the city’s population between the ages of 15 and 35.
Location and connection:
Devanahalli has excellent connections to the city center via the NH-7 , which has been expanded to a 6-lane highway, providing better and more efficient traffic. Bangalore City Transport Corporation [BMTC] buses run regularly to meet the ever-increasing demand for public transport. It has important transport hubs located at easily reachable distances. The standard international airport located here is the second busiest airport in the country, with flights to various cities around the world. Devanahalli has good rail connections with the neighbouring suburb of Yelahanka and the city of Bangalore.
Future transport and social infrastructure:
Devanahalli’s multimodal transport connectivity needs to be improved through future infrastructure developments. The suburb was included in the construction of the second phase of the Namma metro, that will connect the airport to the center of Bangalore and then to Devanahalli so it is a good time to invest in property in Devanahalli-Bangalore. The proposed Ring Road (PRR), which will integrate the existing NICE and ORR roads, will also connect the outer suburbs of Bangalore and major roads such as OMR and Bellary Road. This will improve communication between Devanahalli and the rest of Bangalore.
Devanahalli benefits from developed social infrastructure such as schools, hospitals, and recreation areas. Some notable schools in this field are NPS School, Delhi Public School, Akash International School, and Canadian International School. Healthcare options for residents include Leena General Hospital, Akash Hospital, and Cyte Care Cancer Hospital. This suburb has a D-Mart outlet, as well as several convenience stores to cater to the daily needs of residents. Devanahalli is also a popular tourist destination due to its many temples and the Devanahalli Fort.
Department of Industry and Computer Science:
Due to the relative availability of land in Devanahalli compared to many other Bangalore suburbs, it is a priority area for property and infrastructure developers. This includes some of the larger projects already underway here, such as IT Investment Region [ITIR] and Aerospace SEZ, which make them attractive for employment. Some of the major companies established in the aerospace SEZ are Thyssenkrupp Aviation, BEML, Dynamitic, and Centum Electronics. Popular IT companies such as TCS, Infosys, and Wipro are expected to establish a base at ITIR Devanahalli.
Companies like Shell are already very active in this area. In addition, the future science park and the financial city are expected to compete with India’s financial capital Mumbai and the Gujarat International Financial Tech City in Gandhinagar. Another attraction is its proximity to industrial clusters and IT centers in Devanahalli.
So, if you look closely, investing in Devanahalli is much more profitable and it is a good time to invest in property in Devanahalli. By investing in plots, as a growing city, will soon develop, and because of this growth, the VALUE OF LAND will automatically become one that you have invested many times before you know it.
Since the locality is known for its lush greenery and scenic landscape, developers are leaving no stone unturned in creating stunning properties that complement the picturesque environment. From charming row houses that bring in the sense of community while also giving you an ample privacy to that strike the balance between luxury and practicality – you have a wide range of options of properties to choose from. Homebuyers are also considering plotted developments in and around North Bangalore due to the lesser investment involved and the higher returns at this time.