IT Parks in North Bangalore
For the past few decades, Bangalore has been synonymous with the IT Sector in India. The metropolis possesses more than a dozen tech parks that rank prime among the very best in the country. But, which are the best tech parks in Bangalore among them?
As these tech parks are majorly renowned as some of the top employment hubs of Bangalore, they come with a direct effect on the residential sector of the entire area where they are situated.
Numerous leading real estate developers have already developed some of the Integrated Township Projects in Bangalore that are catering to the workforce of these parks.
Then for all those people who have ever wondered which are the major residential projects situated near these tech parks of North Bangalore, given below is a curated collection.
But, before we move forward on with our list, we are required to cover the base along with a few sets of fundamental questions that are required to be answered first!
What is a Tech Park or an IT Park?
An IT Park is a very large complex that is most often expanded over acres with a large cluster of IT and Software Companies. The IT Park acts just like a hub or an estate where the infrastructure is created particularly for the tech companies in terms of accessibility, internet, and communication-related services.
How many IT Parks are there in the entire Bangalore?
As Bangalore is considered the IT Capital of India, it possesses more than a dozen of Tech Parks which are housing more than 67000 registered IT Companies in Bangalore. Now, as we have covered that, let's move on to which are the best Tech Parks in Bangalore?
Kirloskar Business Park
Kirloskar Business Park is one of the majorly renowned tech or IT parks in Bangalore. This IT park is situated in Bellary Road, North Bangalore. This area is home to companies for instance Tata Sky Ltd, Comviva Technologies, Zyme Solutions, etc.
The 7 floored wonder is spread across 8 Acres and it is nearby to the Kempegowda International Airport. One of the top Upcoming Township Projects in Bangalore is Tata Carnatica.
Ecospace Business Park
Ecospace Business Park is not a house to companies, for instance, Accenture, Intel, and HP India, but it is also having a co-working space on its premises that is a base for numerous emerging startups and gives birth to a kind of Techseption (tech companies in a company in the IT park).
Bagmane Tech Park
Bagmane Tech Park is majorly known throughout the country for its out-of-the-box architecture. Bagmane Tech Park is one of the best tech parks situated in Bangalore. This IT park is located near the famous HAL & DRDO and possesses a lake near its entrance.
This Tech Park is also home to some of the premium companies situated throughout the world for instance Oracle, Yahoo, and HP. Tata Carnatica is the prime residential project near Bagmane Tech Park, CV Raman Nagar, Assetz 38 and Banyan, Jain Heights East Parade, etc.
Manyata Embassy Business Park
Manyata Embassy Business Park is situated in Thanisandra, North Bangalore and it is majorly renowned as Manyata Tech Park. It is one of the biggest tech parks located in the city.
This tech park is one of those few IT parks that sports a combination of work and play with a rooftop football ground. The famous floating restaurant of Bangalore is near Manyata Tech Park and it houses companies, for instance, IBM, Cognizant, etc.
Prestige Tech Park
Prestige Tech Park from Prestige Group is situated at the heart of an IT Hub on Marathahalli, Outer Ring Road Bangalore. Tech Park facilitates well-designed commercial offices for software technology companies.
Another building of Prestige is Prestige Shantiniketan which is the first integrated township of Bangalore that comprises office buildings, residential complexes, and other amenities.
The major companies in Prestige Tech Park are Oracle, TCS, VMWare, Wipro, Tata Elxsi, GE Digital, Wipro, Capgemini, Britannia, Hindustan Unilever, Canon, AIG, Bosch, Adobe, etc. The New Township Project in Bangalore is Tata Carnatica.
Cessna Business Park
Cessna Business Park is situated in Kadubeesanhalli in the heart of Outer Ring Road. This park is one of the largest, busiest, and majorly known business parks in Bangalore. It is majorly known as one of the top IT Tech Parks in Bangalore. Companies for instance AT & T, LG, Cisco, iQuanti, Infiniti Research, Accolite, InMobi, and Yokogawa have offices in the IT Park.
Global Tech Park
Global Tech Park is probably one of the majorly known tech parks in the city of Bangalore. Global Tech Park located in Electronic City is one of the largest employers of the megapolis.
Electronic City itself is a hub with hundreds of tech companies and IT Parks that facilitate a large number of employment opportunities for its residential people. The major residential project situated near Global Tech Park is Tata Carnatica.
Devanahalli real estate trends
As Bangalore is known as the silicon valley of India, Devanahalli has become one of the centres of attraction for real estate companies for many reasons. Devanahalli is situated 40 km away from Bangalore's main city. Earlier, Devanahalli was just a suburb area of Bangalore, but it became popular and valuable as days passed. This is the fast-developing real estate sector of Bangalore. There are plenty of ongoing real estate projects, and the rates of this place are rising day by day. The main reason for this place’s popularity is the establishment of the Kempegowda International Airport, which has made a great change to this place. And it is the main reason that real estate companies are showing high interest in this place. According to current records, the property rates in Devanahalli are rising by 2%-3% every year since the announcement of the construction of the international airport here. There are also many reasons for this place’s real estate trends. Let’s get to know the reason and the projects of Devanahalli.
Devanahalli has seen rapid development in the real estate sector. The surrounding backdrops of this location have started changing gradually ever since the establishment of the Kempegowda International Airport.
Nowadays, the appreciation over the last year is 2-3% following which the current property rates are 3700 sq. ft. - 5603 sq. ft. There is certainly going to be an enhancement in the property prices in this society once the physical infrastructure is completed in Devenahalli.
The International Convention Centre, The Aerospace Park & SEZ, Shell, Campuses of IFCI and Ascendas, planned connectivity via phase-2, ITIR, and the New Satellite Ring Road for linking to Doddaballapur.
Key Trends in Devanahalli Real Estate
Introduction to Locality & Neighborhood
Devanahalli is situated withinside the northeastern part of the city. It is almost about 15 Km or 20 minutes away from the Kempegowda International Airport. Devanahalli is a developing locality that majorly consists of plots that are accompanied by the way of means of villa projects and multi-story rentals.
This backdrop is developing in the form of open, deliberate, and inexperienced residential vacation spots because of its long-term funding capability along with the intentional improvement of employment avenues that are near the International Airport.
Ozone Urbana Aqua, Salarpuria Sattva Cubix, Brigade Orchards Parkside, and Hiranandani Cypress, amongst many others, are some of the outstanding industrial and residential advancements in Devanahalli.
Physical Infrastructure
Devanahalli is very easily accessible from diverse key regions of Bangalore with the help of a rail community and well-constructed avenues that are consisting NH-648, NH-44 (Bellary Road), and Devanahalli Railway Station.
This locality is likewise assumed to gain in excess for a very long period from the authorized extension of the upcoming Line four to Kempegowda International Airport, which is located beneath Phase 2B of Namma Metro.
Social Infrastructure
The availability of social infrastructure in Devanahalli incorporates hospitals, (Akash International School and Leena Multi Speciality Hospital), schools (Akash International School), and supermarkets (D-Mart) making this locality habitable.
In addition to this, reputed institutes, for instance, MS Engineering College and Sri Venkateshwara College of Engineering are situated nearby.
Nearby Employment Hubs
Employment technology is supporting the locality transformation right into a commercial hub and sizeable era because of airport improvement. KIADB IT Park and KIADB Aerospace Special Economic Zone (SEZ) alongside the imminent BIAL IT Investment Region are supposed to reinforce the improvement of Devanahalli right into a critical employment center close to the airport.
Devanahalli has proved to be very easily accessible from the other parts of the city in Bengaluru because of the establishment of the Kempegowda International Airport.
When we take into consideration the all developments in Devanahalli and all other diverse positives that we have already mentioned, there is certainly going to be a very high demand for residential accommodation in this area for development the addition withinside the future.
The costs in this area of residential apartments will see a massive hike in the Upcoming Township future as soon as all the industrial traits are acquiring this locality along with the establishment of the metro community.
But, there are some complications also prevailing in this area that are inclusive of transportation and water delivery. However, the NH-7 and upcoming metro will be dealing with the latter.
Top real estate projects in Devanahalli
TATA Housing Bangalore is one of the major projects of TATA Real Estate Group. This project is located in Devanahalli and covers an area of 200 acres of land.
With Brigade Group Orchards, there are a total of 130 properties included here.
Godrej Properties Royal Woods is a project of Godrej Real Estate Company. There are a total of 64 properties.
Bangalore Ozone Group Urbana Avenue is another large real estate project by Devanahalli.
Salarpuria Sattva Group Park Cubix has a total of 42 properties in it.
Reasons for real estate trends in Devanahalli
Building the international airport in this suburban area
The main reason Devanahalli became so popular is the establishment of the new international airport. In 2017, after the announcement of the building of the international airport, this suburban area in Bangalore started to get a significant place for the real estate companies. After the establishment of Kempegowoda International Airport, it became the best regional airport in Asia. It accommodates over 22 million passengers annually, which is increasing every year.
A micro-market.
Kempegowda International Airport is certainly the main attraction in this place. However, this airport catalyses future development in the area. Apart from this international airport, the space of Devanahalli is rapidly growing as a micro-market building in Bangalore. Many popular real estate companies invest here. For instance, Tata, Prestige, Godrej, Ozone, and other big names have started and established their real estate projects in Devanahalli. It has become one of the most populated places in Bangalore now.
The Making of an Acropolis City
The term "Acropolis" refers to a city that is built around an airport area. And Devanahalli did indeed relocate to Acropolis City's outskirts. There are many examples of acropolis areas around the world, and Devanahalli is one of them.
Why do real estate companies invest in Devenhalli?
If your question is, is investing in Devenhalli worth it? Then the answer is an absolute yes! As the rates of property in Devenhalli increase every year, there are so many things to count on. That's why real estate companies show a high interest in this place. There are schools, colleges, offices, hubs, airports, and everything a metropolitan needs. You will find it here. That's the reason Devenhalli became a trend for real estate.
Apart from this above reason, another thing that fueled this place is government developments, such as an announcement to build an Aerospace Centre in Devanahalli near the international airport. The total amount of land needed to build this aerospace project is approximately 725 acres of land, and it costs around 10 billion. Besides being the second largest airport in India, this aerospace centre has become the main attraction of Devanahalli. The government also planned to make this place a medical tourist attraction for people. So these future initiatives create good job opportunities for others, and Devenhalli also becomes a popular choice for people. I hope now you know why this place is trending over the places in Bangalore. And the reasons listed above are the reasons for real estate companies to choose this particular place among others.
Devanahalli has seen rapid development in the real estate sector. The surrounding backdrops of this location have started changing gradually ever since the establishment of the Kempegowda International Airport.
Nowadays, the appreciation over the last year is 2-3% following which the current property rates are 3700 sq. ft. - 5603 sq. ft. There is certainly going to be an enhancement in the property prices in this society once the physical infrastructure is completed in Devenahalli.
The International Convention Centre, The Aerospace Park & SEZ, Shell, Campuses of IFCI and Ascendas, planned connectivity via phase-2, ITIR, and the New Satellite Ring Road for linking to Doddaballapur.