Lifestyle

North Bengaluru set to scale new heights on infra support

[ecis2016.org] This article is to dwell up on some interesting aspect of this entire region so that buyers have a better understanding of the region while investing in parts of north Bengaluru

There has been a lot of talk around new developments in north Bengaluru, an area that starts at KR Puram and stretches till Malleshwaram-Yeshwantpur. This article is to dwell up on some interesting aspect of this entire region so that buyers have a better understanding of the region while investing in properties in north Bengaluru.  

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Why invest in north Bangalore real estate?

“North Bengaluru is one of the fastest-growing regions of the city, and is emerging as the hotspot for large-scale residential and commercial projects. Horamavu is a place where most of the land has been plotted and sold back in the late 1990s and early 2000s. Clearly, there is a lot of unearthed potential in this part of the town. Ramuthynagar is next to Hennur and also closer to Banaswadi and Kamanhalli,” says Abhinav Joshi, Head of Research, CBRE India. Experts point out that North Bengaluru offers varied housing options for home buyers ranging from affordable to luxury segments that cater to the needs of all, including working professionals, business people, and students. Luxury properties are also coming up in the area, but the option to buy premium villas in the city limits of Bangalore could be what a buyer may easily get enticed.  

Villas in north Bangalore: Value for your money

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Most developers are coming up with high-rise apartment projects in north Bengaluru. But if you are looking for villas, there are quite a few options. Recently, few developers have shown interest in coming up with villa projects in the area. Take for example the COCO VILLA project by N G Developers, a community living option, apt for children, seniors as well as working people. Located at Horamavu, the project offers units at a price equivalent to 4 BHK apartments in the city. In a project like Coco Villa that is situated close to nature, you can live a high-quality, healthy life in a pollution-free environment. Apart from offering independent lifestyle and premium features, villas in North Bengaluru can give you a value-for-money proposition in comparison to apartments.  

Physical and social infrastructure in north Bengaluru

The development of social and physical infrastructure has fuelled the growth of north Bengaluru. The improved social infrastructure in terms of healthcare centres, educational institutions, shopping complexes, open spaces, and gardens in areas such as Horamavu has increased investor interest. Horamavu falls between the key activity hubs of north Bengaluru and Whitefield. Although social infrastructure in the location is in its early stages of development, the locality houses some of the renowned educational institutes of the city such as Vibgyor, New Baldwin’s, Presidency, Ravindra Bharathi Global School , etc., among others. Retail spaces in the immediate vicinity can be found primarily on the high streets of Kalyan Nagar. Major malls are located at a distance in Whitefield, Banaswadi and Nagaravara. These include Phoenix Market City, VR Mall, Orion East and Elements Mall.  

Property supply in north Bengaluru

The property supply in north Bengaluru in the past five years shows a consistent growth. As property demand in the Horamavu location is on a rise, the supply has also started picking up. Consistent increase in the property supply in north Bengaluru reflects the growing confidence of the realty sector in this area.  

Properties launched in north Bengaluru

Locality Units launched
CY 2015 CY 2016 CY 2017 CY 2018 CY 2019
Jakkur 1,026 1,190 795 1,563 1,618
Yelahanka 839 1,674 708 1,606 854
Thanisandra 112 364 377 956 1,226
Bagaluru Near Yelahanka 46 0 0 55 3,205
Devanahalli 2,341 689 835 1,150 528
Kogilu 186 294 65 248 544
Horamavu 432 470 373 313 459
Hebbal 288 228 0 198 0
Vidyaranyapura 209 40 88 606 0
Nagawara 0 14 100 0 400
Doddaballapur 473 0 140 0 0
Anagalapura Near Hennur Main Road 180 625 40 35 0
Sahakar Nagar 1,092 0 0 274 208
Kodigehalli 56 32 47 48 182
Chikballapur 131 45 0 0 0
Hesaraghatta 364 98 0 0 0
Sanjaynagar 75 8 0 19 0
Sadashiva Nagar 34 0 0 0 0
RMV 8 7 0 0 0
Grand Total 7,892 5,778 3,568 7,071 9,224

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Source: PropTiger DataLabs January 2020. Note: Analysis includes apartments and villas only.  

Growth prospect of realty market in north Bengaluru

Infra projects like the proposed peripheral ring road, Aerospace Park, Information Technology & Bio-Technology- ITBT, ongoing Metro project that will connect to the airport would greatly transform north Bengaluru into a highly implored realty destination. Projects with integrated technologies in the buildings, pollution-free environment, congestion-free roads and connectivity to all the locations are some of the aspects in north Bengaluru, which will give it an edge over other realty locations.  

FAQs

Which areas come under Bangalore north?

North Bengaluru includes areas from KR Puram up to Malleshwaram-Yeshwantpur.

What are the infrastructure projects in north Bangalore?

Some of the ongoing/upcoming projects in and around north Bengaluru include the peripheral ring road, the metro rail project, an Aerospace Park, information technology and biotechnology centres, among others.

What types of properties are available in north Bangalore?

North Bengaluru has homes in the affordable to luxury housing segment, as well as villas.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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