Emerging Tech Hubs Transforming North Bangalore into a Realty Goldmine
North Bangalore in the past was a peaceful neighbourhood but today it has emerged as one of the most popular investment zones in India. The shift of the city’s international airport to Devanahalli signified the start of this process of transformation followed by rapid infrastructure and economic development. Today, North Bangalore has emerged as a vibrant hub for commercial and residential properties, major IT companies and mega infrastructure projects which attracts homebuyers and investors, making it an actual realty goldmine.
Strategic Government Policies Driving
Development
North
Bangalore has witnessed phenomenal growth due to the involvement of the
Karnataka Government. Development projects including enhanced infrastructure
around Aerospace and Defence Park have accelerated economic and real estate
development in areas like Devanahalli. This park is strategically located near
the international airport which boosts the value of the park as well as creates
employment for professionals.
Moreover,
other initiatives such as the Knowledge, Healthcare, Innovation, and Research
(KHIR) City are expected to redesign the region’s future map. The KHIR City
will create about 80,000 jobs once it gets operational, ensuring the region
succeeds economically and socially which increases the demand for residential
properties.
Tech Industry Expansion Shaping
Realty Trends
Infosys,
SAP Labs and Boeing are among those companies that are establishing large
campuses in Devanahalli. The arrival of more MNCs such as Apple‘s manufacturing
partner, Foxconn, also brings out the economic aspect of the region. The
upcoming plant of Foxconn which will be set with a total investment of ₹5,700
crore is likely to create employment opportunities for 50,000 persons.
Moreover, the Aero SEZ and investments from aviation and defence players are transforming
Devanahalli into an industrial mega hub.
This growth
is not limited to Devanahalli only but it has covered the nearby areas also.
Other parts of the city including Bagalur, Yelahanka, Hebbal and Jakkur also
experience rapid commercialization. For
example, Phillips has set up its Innovation Campus in Yelahanka and the
Aerotropolis by BIAL brings investment to Bagalur. Due to its peaceful
atmosphere and close proximity to companies like Shell, Hebbal continues to be
a prime residential destination for the residents of Bangalore.
Connectivity: The Cornerstone of
Growth
Perhaps the
most significant factor for change in North Bangalore's attribute has been its
connectivity. The ongoing Bengaluru Suburban Railway Project (BSRP) coupled
with Namma Metro Phase 2B connects to different parts of the city. Also, there
is an increase in the new arterial road connectivity and the proposed
Hyderabad-Bangalore High-Speed Rail Corridor will further improve commuting
efficiency. These infrastructural establishments have brought the future value
of North Bangalore that homebuyers and investors would wish to tap into.
Premium Living in Emerging
Micro-Markets
While North
Bangalore is gradually developing into a tech and industrial hub, the demand
for residential properties has fumed up. The region offers various housing
options. Whether people are looking for elegant apartments in gated communities
or ultra-luxurious villas, they will get everything. For instance, Kalyani Living Tree, a premium residential development of
exclusively designed homes located at Bagalur, represents the growth of North
Bangalore. It provides a perfect combination of luxury and eco-friendly
concepts. Kalyani
Living Tree consists of beautifully designed expansive apartments equipped with
all necessary amenities which makes it an ideal choice for both working people
and families with children.
A Magnet for NRI and HNI
Investments
The
thriving tech ecosystem and upcoming SEZs have also made North Bangalore a
preferred destination for Non-Resident Indians (NRIs) and High Net Worth
Individuals (HNIs). According to recent reports, 40% of NRI investments in Bangalore’s
real estate are directed towards North Bangalore. The promise of high returns
on investment, combined with the availability of premium residential projects
like Kalyani Living Tree, has driven this trend.
A Promising Future for North
Bangalore
The
progression of North Bangalore as a technology and industrial area has led to
new opportunities for real estate. Due to its well-developed infrastructure,
excellent connectivity and increasing trend in the number of multinational
businesses setting their base in the region, it remains a preferred destination
for homebuyers and investors. As North Bangalore evolves, it remains a
promising goldmine for those seeking to invest in the future of real estate.
Post Your Ad Here
Comments