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Which area of Bangalore is developing fast? This is the question most home buyers want answered.
Their look out is to invest in localities that are fast developing to take advantage of the real estate price appreciation.
Not only that, there is a huge upside as areas that develop fast also attract good infrastructure.
Till the 200os Bangalore was called the retirement paradise. With its slow signature lifestyle, people in Bangalore were a content lot. The traffic was not bad. People hadn’t heard of traffic jams.
Kempegowda II, the founder of the so called modern Bangalore built four watch towers to signify the boundary of the city.
The boundaries were in Lalbagh,Ulsoor,Kempabudhi lake and Mekhri circle.
Technically the old Bangalore did not stretch beyond Mekhri circle to the North.
The only big development up north then was the creation of a satellite town, Yelahanka.
When the International airport in Devenahalli got commissioned, there was a big rush for everyone to get to North Bangalore.
We look at a few locatlities to invest in and the reasons to do so.
This locality started growing fast when an alternate road to the International airport got built through this area.You can see a lot of new constructions and fast developments here.
Why should you buy residential property in Thanisandra?
It is half an hour away from the airport.
The alternate road to the airport is getting widened.
Public transport is easily available.
It is ten minutes from Manyata and Kirloskar business parks.
Easy drive to five star hotels and great hospitals.
As explained earlier Yelahanka has got Bangalored.
The reasons to buy a residential property in Yelahanka are
Twenty Minutes drive to the airport
Great Schools nearby like Ryan International and Vidya Shilp.
There are two wonderful lakes in this locality.
The upcoming peripheral ring road and the High Speed Rail Link (HSRL) to the airport will be in proximity.
The commuter rail that has been commissioned between the airport and Yeshwantpur passes through Yelahanka.
It is famous as the birth place of Tipu Sultan.This place has gained attention for the large infrastructure and investment projects that the airport has brought along with it.
The properties are also priced competitively and are not expensive.
Reasons to buy a residential property
Five minutes to the airport.
A new satellite ring road envisaged that passes through Devanahalli.
A 400 acre multi billion investment in the Devanahalli business park.
Convention centers and five star hotel at the airport
Great Schools and hospitals close by.
North Bangalore is considered the future of realty market since it is greener, well connected and has residential properties for all income groups.
The coming days are to watch out for to see this part of Bangalore outpace the other parts of Bangalore.