Why North Bangalore is the Perfect Destination for Real Estate Investment - Brigade Group's Insights

by Paul Rudd Search Engine Optimization

North Bangalore has become a prominent investment hub in recent years due to its tremendous growth potential and real estate market expansion. With significant infrastructural development and upcoming projects in the region, the area has attracted not only seasoned investors but also first-time homebuyers and millennials with long-term investment plans. Here are some reasons why you should consider investing in real estate in North Bangalore.

North Bangalore, where Brigade Group has some of its finest projects, has become a prominent investment hub in recent years due to its tremendous growth potential and real estate market expansion. With significant infrastructural development and upcoming projects in the region, the area has attracted not only seasoned investors but also first-time homebuyers and millennials with long-term investment plans. Here are some reasons why you should consider investing in real estate in North Bangalore.

Business Hub Growth: North Bangalore is set to dominate the office leasing space, not just in the country, but also in the Asia Pacific region. Several research and development, aerospace, automobile, and pharmaceutical establishments have set up operations in the area, employing over 500,000 personnel. After the pandemic, IT and ITeS continue to be the key occupier groups here, with an increased demand for high-quality office spaces that prioritize health, wellness, and sustainability. This has led to a massive influx of IT professionals and subsequent growth of real estate in North Bangalore.

Residential Realty Prospects: Several upcoming township projects, premium villas, and gated communities in North Bangalore offer varied housing options to suit your budget and needs. Hebbal, Yelahanka, Devanahalli, and Horamavu are popular localities if you want to make a residential investment. For instance, Brigade Oasis - Phase 2 in Devanahalli is an upcoming plotted development in North Bangalore that offers all the essential amenities people look for in a gated community. Residential complexes coming up in and around Devanahalli are expected to bring in a total investment of Rs.1,500 crores. The growing social and physical infrastructure, such as healthcare centers, educational institutions, shopping complexes, open spaces, and community gardens, has greatly fueled the residential real estate development in North Bangalore.

Improved Connectivity and Terminal 2 at KIA: North Bangalore lies at the focal point of two major industrial corridors, the Bengaluru Mumbai Industrial Corridor, and the Chennai Bengaluru Industrial Corridor. Major roads that improve North Bengaluru's connectivity include Outer Ring Road, Bellary Road, New Airport Road, and Tumkur Road. Moreover, proposed infrastructure developments such as the Metro Rail Phase 2B, Peripheral Ring Road, and Satellite Ring Road will provide much-needed connectivity to other IT hubs in the city. Development in the North Bangalore region gained momentum with the establishment of Kempegowda International Airport (KIA). Terminal 2 of the KIA, which recently started operations, is said to double the passenger handling capacity of the airport to 5-6 crore passengers per annum, from the current capacity of about 2.5 crores. This will increase companies setting up shops and people looking to settle in nearby areas.

Special Economic Zones (SEZ) Development: There has been an increasing demand for land from MNCs in the aerospace Special Economic Zone (SEZ) near Devanahalli. Around 900 acres of land have already been allotted to 48 companies, including 100 acres to HAL. The SEZ will include both export-oriented industries and industries that deal with maintenance, repair, and overhaul-related activities in the local market. A few European companies, including British organizations, have already applied for land in the Devanahalli SEZ through the Karnataka Udyoga Mitra.

If you're looking to invest in real estate in North Bangalore, consider Brigade Orchards and Brigade Oasis. Brigade Orchards is a 135-acre award-winning integrated smart township in Devanahalli, located just 10 minutes away from the Bangalore International Airport and within 30 minutes from Hebbal and Budigere. On the other hand, Brigade Oasis is a luxury plotted development by Brigade Group, offering a one-of-a-kind lifestyle and a host of amenities in Devanahalli.

With excellent physical and social infrastructure, North Bangalore offers a global lifestyle and promises great returns on investment. Whether you're a homebuyer or an investor, this hot spot is definitely worth considering.