Bangalore is undeniably one of the most attractive real estate investment hubs in the entire country. The pleasant weather all-year round, huge employment opportunities and an abundance of excellent residential projects makes it ideal for investors. But when planning to buy a home, investors are usually face a dilemma: should they invest in the newer areas of Bangalore, marked by high growth potential and proximity to IT hubs, or in the older, more residential localities of the city, with their green and well-developed infrastructure? North Bangalore offers home buyers the perfect mix of both worlds. While most of the localities here are well-established, with ample residential areas, they are also getting a fresh breath of life by the sudden flow of investments from the IT sector.
A home in North Bangalore will mean that residents will not have to travel far to reach their destination, no matter where it is. The catalyst for the renewed growth in this locality was the opening of the Kempegowda International Airport in Devanahalli. The roads leading to the airport are wide and well-maintained, ensuring residents do not have to spend long hours stuck in traffic. North Bangalore is also connected to several arterial roads such as the Outer Ring Road, Bellary Road and Tumkur Road. This network of roads offers residents an easy commute to key localities like MG Road through public or private transport. Undoubtedly, however, the biggest development has been the construction of the Namma Metro line. The Green Line of the metro line will connect Nagasandra in North Bangalore with Kanakapura Road in the southern region in a mere 45 minutes. For investors, this means that property prices here will only appreciate as connectivity continues to improve.
North Bangalore is a stone throw away from the Central Business District, a 20 km stretch comprising of bustling commercial areas, large MNCs, beautiful public parks and more. The short distance and easy connectivity from localities such as Hennur and Jalahalli to CBD have undoubtedly played a huge role in the property prices of North Bangalore. But the locality is also proving to be a business and commercial hub in itself with the steady flow of investments streaming in. It is home to several IT Parks like Manyata Tech Park and Devanahalli Business Park. There are also several PSUs like BEL and HMT located nearby. With these huge organisations located so close, investors can be sure of two things: a quick commute to their place of work and no dearth of tenants who can rent their properties. Both of these benefits assure homebuyers of long-term satisfaction from their investment.
Most of the older localities of Bangalore are far too expensive for most young investors. Property prices have skyrocketed and even a large budget might not get the average investor a high square footage. On the other hand, while most areas in North Bangalore have a long and rich heritage, their prominence as real estate investment hubs is only coming to the fore now. Because of this, price of property is still very affordable. For a much lower price, homebuyers can enjoy a larger space with better amenities. North Bangalore has numerous apartments, plots and villas available by reputed developers in a wide range of prices. This means that no matter what your budget, you are almost certain to find your dream home here. Because many of these are new constructions, the quality of the projects are also far superior to those in nearby areas. They come with a host of luxury amenities like clubhouses, swimming pools, gyms and more. This offers residents a greater quality of life at a significantly lower price.
Regardless of the price per square foot or the future appreciation of the property, the biggest concern for families planning a real estate investment is its proximity to vital social infrastructure. Prestigious schools, state-of-the-art hospitals and plenty of opportunities for entertainment and recreation are not optional. Fortunately, North Bangalore ticks all of these boxes. Schools like Kendriya Vidyalaya, VIBGYOR High and Orchids The International School ensure that your child receives an early advantage through a world-class education. There are also several reputed hospitals like Columbia Asia and MS Ramaiah Memorial Hospital which offer cutting-edge medical treatment with a number of specialties. Orion and Elements Mall along with restaurants like Sigree Global Grill, Brewklyn Microbrewery, Onesta and Truffles ensure that you and your family will never have a dull moment while you live here!
Clearly, North Bangalore offers residents the ideal combination of real estate investment value and excellent quality of life. Code Treasure Island by Shriram Properties is one of the newest residential projects located in Jalahalli. With spacious homes, unique sports facilities and expansive green areas all available at an unbeatable price, this is sure to be one of the bestselling projects in North Bangalore.