Devanahalli

 

Devanahalli is no longer the quiet and far flung area it was 10 to 15 years ago. The Town Municipal Council (TMC) Devanahalli has come a long way to witness some of the city’s biggest infrastructural and developmental changes. For being only 34 km away from Bengaluru, the public transport in the area is both rounded and resourceful.

 

It is proudly situated on the Bangalore-Hyderabad National Highway 7. Plus, the second-biggest airport in all of India, Bengaluru International Airport, is strategically located here.

 

The presence of the airport 5 km south of Devanahalli has increased tourist traffic all along the highway, leading to rapid infrastructure development. Since the opening of the airport in 2008, Devanahalli has witnessed road enhancement and improved connectivity, with projects such as Outer Ring Road (ORR) and theplanned six-lane carriageway that forms a ring between ORR and the Satellite Town ring road.

 

Attracted by the potential this locality had to offer, it didn’t take very long for IT companies to set up base here. The Bangalore BIAL ITIR is a 12,000-acre IT Investment Region that is under development, 15 km north of the airport. It is supposedly the largest infrastructural project in Karnataka’s history. Other IT projects such as KIADB Hardware Park and Aerospace Park, are sure to give a boost to Devanahalli’s residential and commercial market.

Well-established schools, colleges, hospitals, malls, and supermarkets strengthen the locality’s worth. Supermarkets such as Food World and Heritage Fresh, schools such as Akash International and Nandini Niketan, and multi-specialty hospitals in the region have helped in the development of the area and rise in property prices.

 

The locality’s value is excitable yet increasing. Devanahalli is, thus, a promising locality worthy of future scope for infrastructure and advancement that further accelerates not only well-paced growth, but also overall development.

 

Connectivity and Transit Points

 

After the international airfield operations began here, Devanahalli has had a lot to offer in terms of public transportation facilities. Localities such as Bommanahalli, Krishnarajapura, Yelahanka, Kengeri, Hosakote, Dasarahalli, Dod Ballapur, Magadi, and Nelamangala are the nearby towns having great road connectivity to Devanahalli. People driving on these roads can enjoy the number of underpasses and wide roads that have changed the landscape of this area.

 

The Devanahalli bus station is the most popular one here, although other stations such as the ones in Kohira, Bhuvanahalli Gate, Bychapura, and Doddasanne are in close proximity to Devanahalli. Let’s not forget the famous Bengaluru International Airport (BIA) buses that provide comfortable and affordable transportation from the airport to any part of the city.

 

Auto-rickshaws are popular means of local transport in Devanahalli. People can easily travel around the locality in autos but that can also get quite taxing, especially when they charge exorbitant prices. A better option is to travel by cabs and taxis that are available in plenty because of the presence of the airport in this region.

 

The Devanahalli Railway Station is situated in the area, although the more preferred Bangalore City Railway station is only 37 km away. This station is more convenient, as it is a major stop for most trains traveling through the Bangalore route.

 

The best part about living in Devanahalli for people who travel constantly is that Bangalore International Airport is only about 5 km from here. It doesn’t get more convenient than that!

 

Major Landmarks

 

●     Devanahalli Fort

●     Bangalore International Airport (BIA)

●     M S Ramaiah Institute Of Management Studies

●     Bangalore Baptist Hospital

●     Aerospace Park

●     Airport Residency

 

Factors for Growth in the Past

 

Proximity to a major infrastructural project is bound to make that locality grow and develop. If the project is as big as an International Airport, then that locality will downright prosper! BIA, by a large margin, is the biggest contributing factor to the growth of Devanahalli. As a result of this project, a number of other projects were also commissioned and completed.

 

The six-lane Outer Ring Road, developed by National Highway Authority of India (NHAI) in Devanahalli, is considered to be the best road in the city. Old civic issues such as traffic congestion and inefficient roads no longer exist. That’s the level of development in the area.

 

The realty market of Devanahalli will see price appreciation in the near future because of the rapidly increasing demand for housing in this locality, thanks to the never-ending IT boom in the city. The many developed and proposed projects in the locality are making Devanahalli the self-sustaining community that it will eventually become.

 

Residential & Commercial Market

 

Residential Market Trends

 

In Devanahalli, supply rarely emulates demand, because of which the real estate market has been experiencing a lot of ups and downs. Though the transformation from a village to a booming locality was rapid, it is still a relatively new, developing locality.

 

The demand for residential property in Devanahalli is mostly in the form of vacant plots and gated communities still under construction. The demand for apartments will soon rise when the proposed infrastructural projects, such as the Devanahalli Tech Park is completed. In the Jan-Mar quarter of 2014, the locality price appreciated to Rs 4,250 per sq. ft., but in the April-June quarter, the locality price depreciated to Rs 4,020 per sq. ft.

 

The demand for individual houses in Devanahalli is minimal because people are more interested in residential projects. When the locality has an increased population however, the demand for individual houses and apartments will most likely increase.

 

The rent price for 2 BHK apartments lie anywhere from Rs 8,000 per month to Rs 18,000 per month, depending on the type of apartment. To rent a 4 BHK villa, prices start at Rs 60,000 per month.

 

Commercial Market Trends

 

With the growth of an IT corridor, lot of IT professionals are looking to invest in property in Devanahalli. The proposed projects have caught the attention of investors, and a lot of them have already invested in projects such as SEZ in Aerospace project.

 

According to the latest quarter, the rent per square foot has been around Rs 4,500, which is a major contrast to the price in the last quarter of 2013.

 

Major Challenges

 

Households in Devanahalli suffer from water shortage. The problem is that underground water is almost exhausted in Devanahalli. Residents who used to once receive water every alternate day, now receive water only once in three or four days. People are thus having to take water from private water tankers.

 

The Devanahalli authorities are now looking to improve the quality of water by providing a supply of treated water and establishing a number of watershed techniques.

 

Factors for Growth in the Future

 

• The locality of Devanahalli is fast developing with good reason - the number of projects proposed.

 

• ITIR (Information Technology Investment Region) is said to be costing 22 billion dollars. This project has proposed to directly provide employment to 1.2 million people and indirect employment to 2.8 million. This is a centre-state partnership where basic infrastructure such as road, rail, and telecommunication links will be provided by the Centre, and physical infrastructure and utilities, including power, water, sewerage, and effluent treatment facilities will be provided by the state. IT companies such as Infosys, Wipro, TCS, and Cognizant have shown signs of interest, and have already signed MoU’s with this project. All three phases are expected to be complete in about 5-10 years from now.

 

•  Located adjacent to Bengaluru International Airport is the Aerospace Park, which is being developed as a world-class aerospace hub. This is a 985-acre facility that can be accessed by key national highways such as NH-7, NH-4, and NH-207. It also contains a 252-acre Special Economic Zone (SEZ) within its boundaries. Hindustan Aeronautics Limited, Jupiter Aviation, and Dynamic Technologies are some of the noteworthy investors who have shown interest in this project. The park has already acquired 1000 acres, but requires 2000 acres more.

 

•  Devanahalli Business Park is said to come in 309 acres of land. This project also promises employment and the development of the area. Two IT sectors, retail sector, goods assembly, and three hospitals will be a part of this project. Expected investment here is around Rs 9,500 crores.

 

•   The International Convention Centre is located just adjacent to this business park.