Day by day, North Bangalore is getting more popular for its growing real estate projects. Bangalore is called the Silicon Valley of India and the Northside of Bangalore has been making its footprint as an investment seedbed for the last few years. One of the main reasons for its popularity is the Kempegowda International Airport. There are also several factors at work, which we will discuss later in this article. North Bangalore is one of the prime locations as it has connectivity to all the necessary accommodation like market areas, luxury housing and apartments, schools, colleges, universities etc. For the last few years, this side of Bangalore has been witnessing high-scale development, which has attracted several developers and real estate groups to inaugurate their housing and projects here. Let’s first get to know the top 5 best places in North Bangalore where investors are investing to make their great projects.
Within North Bangalore, the most popular place to invest in Hebbal. It is popular for its high-profile residential and micro-markets. It is also popular due to its location, as many big MNCs and IT firms have their commercial buildings here in Hebbal. For these reasons, this particular place is getting high in value and demand. Another reason for its popularity is that it is based in Hebbal, located in the city's main commercial hub, Manyata Tech Park. Furthermore, it is nearest to the Kempegowda International Airport, which makes the real estate groups invest here.
Another popular location where real estate groups are interested in investing is in this small township, Hennur. This place is getting popular for multi-storey housing complexes, apartments, and villas. And all kinds of essential establishments are available. There are many reputed real estate groups in India investing in this small town. For instance, Mantri Developers, Goel Group, Puravankara Ltd., etc. Another reason for its immense popularity is that there are many commercial hubs situated here. Connectivity to the Outer Ring Road is an extra advantage for this place.
Several popular IT parks and commercial hubs are the main reasons for the popularity of this place. For professionals, it refers to a residential place. There are several affordable apartments, flats, or housing options available here. Another reason is its closeness to Hebbal and the connection to the Outer Ring Road. Real estate groups showed their interest in this place after the inauguration of a six-lane elevated road from Hebbal to the International Airport.
Situated on the outskirts of North Bangalore, Yelahanka is the fastest developing locality. The prices of property here are increasing every day. Many popular investors invest in this place. Furthermore, it is a green belt area of Bangalore and also the least congested place in Bangalore. One can find mid-range to high-range housing and apartments here. Connectivity to NH7 and 9 boosts the value of this place. .
Located on the northeastern side of Bangalore, Jakkur is one of the most beautiful places in Bangalore. It is mainly famous for the Jakkur Lake. The closeness to famous places in Bangalore like Telecom Layout, Thanisandra, and Rachenhalli is one of the main reasons for the increasing interest of real estate companies. Here you can find a large amount of housing, from high-rise apartments to luxurious villas. Connectivity to all the major places works well in endorsement of this place..
Because of the increasing rate of real estate business and the rise of commercial hubs, Bangalore is becoming a true silicon valley in the country. The last two pandemic years taught us the impotence of investment in the real estate industry. As per the experts, the growth of the real estate business could reach $1 trillion by the year 2030. So let’s get to the point. What are the main reasons for the increase in real estate business in North Bangalore?
One of the main reasons for the increase in interest in the North Bangalore real estate business is the immense growth of commercial space. For instance, different multinational companies and IT firms open their offices, studios, and hubs here. which attracts new jobs and opens opportunities for people. Among popular commercial places, White Field and Indiranagar are a few of them. Apart from these places' popularity, they also give you great value in return.
For commercial opportunities, the Northside of Bangalore is getting popular for housing and real estate companies interested in this place. Real estate companies look at this place as a huge opportunity that enables spending on things like energy conservation, waste management, etc. Assertz Property inaugurates their sustainable project Sun & Moon, which increases the value of the apartment.
Another reason for the interest shown here is student accommodation and tenancy. Apart from its commercial and sustainable living, another reason is its career and opportunities for a large number of people every year. Students and many professionals who can’t afford to buy any housing are looking for accommodation in real estate listings. So, investing in flats and apartments is really profitable here. as this business gives you a good amount throughout the year.
One of the popular trends in real estate is housing for senior citizens. Today, most children want their own space and also to be close to their families. They are comfortable leaving their elderly parents in senior housing near their apartments. So, North Bangalore is the best place for this kind of housing. There are many apartments and flats that offer houses to senior citizens. Although it is a good investment for real estate companies, This kind of apartment is safe and secure and has 24/7 support available.
New age housing is one of the popular reasons of interest for real estate. Nowadays, people want more than a simple apartment; they want a home fully furnished and equipped with modern facilities, and they are ready to pay a good amount for this. People are looking for a spa, gym, barbeque spaces, game rooms, clubhouses, skating rooms, etc. in their housing. So real estate companies are also investing their money in this kind of new-age housing to get a good amount in return. And it goes without saying that North Bangalore is moving quickly to build this new age housing.