North Bangalore – The new investment hub
With Bangalore experiencing tremendous growth over the years, the Government has identified several regions around the city for further expansion. These locations are well connected to Bangalore and have the potential to become self contained towns with all facilities and amenities conducive for modern living. North Bangalore is identified as the most promising for future growth and three areas with this space are experiencing excellent development – Chikballapura, Devanahalli and Nandi Hills making it the perfect time to invest in apartments, land and plots in North Bangalore.
Chickballapura, located about 65 kms from Bangalore is at an elevated spot near Nandi Hills, known as the silicon plateau of India. Chickballapura gained prominence post the commencement of the Bangalore International Airport at 2008 which is at a distance of 20 kilometers. The place is well-connected with a 6 lane National Highway (NH7) and the region around is already a transportation hub and a major terminus for buses. Several prestigious developers have launched residential and commercial properties including apartments and villa plot options. The Government of Karnataka has plans to launch new projects including a Pharmaceutical SEZ and the BIAL IT Investment region, planned between Doddaballapur and Chikballapura with total area of 10,000 to 12,000 acres.
The other hot zone is Devanahalli, in the fact the epicenter of growth in North Bangalore. Accessible via NH7 also known as Bellary Road or Bangalore Hyderabad Highway, Devanahalli is home to the Bangalore international airport. Several prestigious projects are envisaged in this region including the Aerospace Park, SEZ, IT and Hardware Park and Devanahalli Business Park.
In fact most MNCs have expressed interest to establish their operations here. World leaders including Boeing, Airbus and Bombardier have agreed to setup operations in Aerospace Park and several leading Indian and international IT giants are expected to occupy space in Hardware Park. IFCI is also planning a 50 acre Global Financial District at a cost of Rs 1,000 crores in IT Park. Following this several reputed real estate developers have launched prestigious residential and commercial projects in the region. With investments to the tunes of millions dollars expected in this area, Devanahalli is sure to be the next big destination for high tech and IT and the potential for investments in real estate is tremendous.
Nandi Hills is the other emerging destination for real estate investment around Bangalore. A favourite of Bangalore’s residents for decades, this abundant patch of openness and greenery is experiencing brisk real estate development with several reputed players launching residential and villa plot projects for the benefit of those wishing to own a weekend home or even relocate post their active careers. Excellent connectivity and proximity to the city will ensure the growth of real estate prices in this region in time to come.
Apranje Estates, one of Bangalore fastest growing names in real estate has several exclusive residential projects in some of the city’s most prestigious areas to its credit. Apranje also offers villas and villa plots in Chikballapura, Devanahalli and Nandi Hills, all potentially promising locations with scope for tremendous value appreciation over time.