Bangalore, the capital of the southern state of Karnataka, is one of the busiest and the fastest-growing cities in the country. However, one particular region that has contributed phenomenally to the economic growth of the city is North Bangalore. Real estate in North Bangalore is currently booming with burgeoning IT giants offering tremendous employment opportunities to thousands of IT professionals every year. This, along with excellent infrastructure, seamless connectivity, and great all-year-round weather, makes North Bangalore the quintessential locality to buy a home.
North Bangalore is known for the excellent social infrastructure it offers with renowned educational institutes, shopping and leisure centres, restaurants, and hotels peppered in and around the region. Some of the top schools here include Delhi Public School and Akash International School, making it a prime locality to settle down with your family. With renowned tech parks like Manyata Embassy Business Park located in North Bangalore, the locality has witnessed an uplift in the economy, enhanced with a posh IT crowd.
Commuting is effortless and convenient in North Bangalore. The locality offers a maze of flyovers and impeccable roadways like the Outer Ring Road (OTT) and Bellary Road that helps you stay connected with major parts of the city at all times. The Kempegowda Airport is also located just on the outskirts, making business travels even more convenient and quick. To add to that, the upcoming metro developments will immensely contribute to the seamless connectivity enjoyed by the residents of North Bangalore.
When it comes to buying a house in North Bangalore, you will be spoilt for choice. 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 backdrop accompanying them. From charming row houses that bring in the sense of community while also giving you ample privacy to modern apartments that strike the balance between luxury and practicality – you have a wide range 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.
Since the area is still developing, real estate rates in North Bangalore are expected to rise steadily. This is especially true, keeping in mind the impact of the pandemic on future housing projects. With the influx of IT professionals moving to North Bangalore in search of job opportunities, the economy of North Bangalore has soared at a higher rate when compared to other well-established localities in the city. Due to this, homeowners in North Bangalore have the added benefit of enjoying faster appreciation rates.
Furthermore, North Bangalore is home to many fast-growing residential localities like Hebbal, Devanahalli, Yelahanka, and Hennur Road. Neighbourhoods like Hebbal and Devanahalli have played a vital role in the growth of real estate in North Bangalore with skyscrapers that are known to be landmarks on their own. Burgeoning areas like Yelahanka and other localities in North Bangalore are the best places to invest in right now due to the fast appreciation levels accompanied by steady urban growth. Even if you are not planning to rent out your property and are considering buying a home in North Bangalore to move into, the fast-growing economy will benefit you and your family since you will be based out of a prime locality.
If you are looking to invest in residential properties in North Bangalore, make sure you visit Assetz Property Group for eco-friendly developments that are built keeping sustainable urbanisation in mind. You can also read our blog on how real estate will continue to be a safe investment option post COVID19 to know more.