[ecis2016.org] Nandi Hills is a beautiful tourist spot and is also one of the fastest-growing regions on the outskirts of Bengaluru. This famed tourist attraction currently has many new residential projects under construction and lies near areas like Devanahalli and Doddaballapur
The demand for Nandi Hills real estate has boomed, due to the Information Technology Investment Region (ITIR), which is set to come up in the region. Nandi Hills area has witnessed major developmental activities, with the IT boom acting as the main catalyst. As a result, demand has shot up rapidly among investors, for flats in Nandi Hills. Nandi Hills is known for its beautiful hills and lies 60 kilometres away from Bengaluru city while Chikballapur town lies 10 kilometres away from it.
You are reading: Nandi Hills property market: An overview
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The ITIR has boosted the demand for properties in Nandi Hills. People who are purchasing villas and apartments here, are looking at huge future appreciation due to the development of the ITIR nearby. The area is home to several weekend properties owned by people from Bengaluru city. The area offers fresh air and a pollution-free environment. There are good roads linking the area to the main city, as well.
When it comes to apartments in Nandi Hills, 2 and 3-BHK homes are the most preferred, here. There are many prominent builders in Nandi Hills including Prestige, K Raheja, Puravankara, Sekhar, Brigade and others. Some of the well-known projects in Nandi Hills include Prestige Golfshire & Hillside Retreat and Valley of the Wind, to name a few. Other nearby Nandi Hills localities include Devanahalli and Doddaballapur.
Connectivity with nearby Nandi Hills localities
- Well-connected to all parts of Northern Bengaluru via National Highway 7.
- Excellently connected to Chikkaballapur and Devanahalli by the newly inaugurated Hebbal flyover.
- Nandi Hills is located 39 kilometres away from the Kempegowda International Airport.
- Easy connectivity to Bengaluru central – 60 kilometres.
Employment hubs near Nandi Hills
- Embassy Manyata Business Park – 56 kilometres via NH-44.
- Koramangala – 68 kilometres via Bellary Road.
- International Tech Park (ITPB) – 63 kilometres via State Highway 104.
- KIADB Industrial Area – 59 kilometres via Bellary Road.
- Whitefield – 62.6 kilometres via SH-104.
- Electronic City – 78.7 kilometres via Hosur Road.
Nandi Hills boasts of strong social infrastructure. Reputed schools in Nandi Hills include the Nagarjuna College of Engineering and Technology and GITAM University, Bengaluru. Leading hospitals in Nandi Hills include the Narayan Multispecialty Hospital and the Columbia Asia Hospital.
Upcoming physical infrastructure in Nandi Hills
- The proposed Rs 1,15,000-crore project for the Information Technology Investment Region (ITIR), occupies a 40-kilometre area that is around Nandi Hills.
- The 8-lane Peripheral Ring Road that will be 116 kilometres long, will serve to decongest traffic in the entire stretch.
- A massive food court is also being set up by the Department of Horticulture.
- A three-and-a-half acre music venue for cultural programmes has been proposed.
- 140-acre botanical garden with exotic plants, also proposed.
- Gondola lift system for linking Nandi Hills to Muddenahalli.
Price trends in Nandi Hills
- Price appreciation – 10%-25% over the last quarter of 2016.
- Current property rates – Rs 10,337-17,937 per sq ft.
Reasons to invest in Nandi Hills
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Nandi Hills is a hill station in Bengaluru and is the perfect weekend home for many. However, owing to the recent developments, in terms of construction of the ITIR and also for its ease of access to the Bengaluru CBD, this area’s realty sector has received a major boost. Considering the current price trends in Nandi Hills and all of the above factors, it is for certain that demand for residential property is set to rise even more in the future. The present rates are competitive, with housing options for the higher-end of the range. Garbage disposal and littering are the only major issues here.
Check properties in Nandi Hills
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
