Over the last few years, real estate developments have gained tremendous pace in Bangalore. Being the IT hub of India, Bangalore has attracted workforce from all over the world. In the last few years, North Bangalore has evolved as a lucrative investment destination for residential real estate. Several factors have contributed to its growth.
Factors contributing growth
Large access to lands at an affordable price coupled with continued expansion of the city has made North Bangalore a lucrative destination for real estate developers and end users. Many areas in this part of the city offer high returns on investment. Areas like Devanahalli, Hennur, Doddabalapur Road, Thanisandra, Nagarbhavi, etc. are offering high returns on investment.
Growth in infrastructure
Growth in infrastructure has made North Bangalore a favorable investment area for real estate companies. Bangalore International Airport along with proximity to several IT parks and multinational companies has transformed the landscape of North Bangalore. In the coming years, prices of properties in North Bangalore are expected to go up.
North Bangalore catering to every requirement
North Bangalore caters to the needs of every individual. While there are high-end villas and premium apartments, there is no dearth of affordable houses in the area. Builders in Bangalore are offering every kind of apartment with top-notch facilities to grab attention of homebuyers.
Good connectivity
Connectivity is an essential aspect of any successful investment. Monorail, high-speed railway links and express highways have played an essential role in connecting this part of the city to other parts of Bangalore. Connectivity will further improve with the launch of the IT investment region.
Overall, North Bangalore has a positive investment prospect for both commercial and residential investors. With NRIs taking an active interest in the Bangalore property market, things look quite positive for the realty segment of the city. So, if you are planning to invest in the bludgeoning realty market of Bangalore, explore your option in North Bangalore.
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