Bangalore, the IT hub, currently touted as the fastest growing city in India, has been in conversations regarding property and real estate developments, notably North Bangalore, which is coming up as an ideal residential area. Bangalore North’s residential market is poised to grow fast because of the planned infrastructure projects such as Elevated Expressway to BIAL, the Devanahalli Business Park, High Speed Rail Link, etc. Also, close proximity to schools and International Airport makes North Bangalore a better option to invest on. Heard that Embassy Boulevard (http://www.embassyboulevard.com/) is fair working in those areas.
Even, IVC Road has attracted a lot of luxury living options. In this locality the price of villas ranging from Rs 1.75 to Rs 10crores. There are lot of affordable housing coming up in and around this locality by reputed developers.There are 2 and 3 bhk apartments which are being sold with the price bracket of Rs 40 lakhs up to Rs 80 lakhs. The stretch from Yelahanka till Nandi Hills holds immense potential and is a good investment opportunity
Most of the projects range between Rs 40 to 60 lakh catering the mid-segment buyers. There are projects with price tags of Rs 1 crore and above around Hebbal. Areas such as Hebbal and Whitefield witnessed around 7 to 9 percent increase in value appreciation of properties, on a quarter-on-quarter basis. Whitefield will continue to yield considerable residential sales because of its affordable property prices and close proximity to work place centres and the enhanced retail and social infrastructure.
In 2013, North Bangalore will continue to grow, because of the massive potential for capital appreciation. Projects which are under construction on Outer Ring Road will reach completion stage and see increased sales because of the preference for ready-to-occupy projects by users. The IT growth corridor will also impact the real estate market.
Numerous real estate residential projects have been launched in the present year, of which most of them were launched in the northern periphery of Bangalore. Proximity to Bangalore International Airport and planned infrastructure development have largely contributed to the vast real estate growth in North Bangalore.
North Bangalore was one of the safest and most lucrative residential property investment bets of 2012. Several leading players of Bangalore real estate have focused on areas in North Bangalore including Hebbal, Hennur Road, Thanisandra, Doddaballapur Road, Yelahanka and Jalahalli.
You can look for Varthur, is one of the most promising destinations for residential property investment in Bangalore. The area is benefitted immensely from its proximity to Whitefield and its accessibility from Sarjapur Road-Outer Ring Road (ORR). The area is fully established as residential hub with villa projects. The widening of the road infrastructure will ensure quicker connectivity to Sarjapur Road, Outer Ring Road and Whitefield
Hi, I would suggest go for places like Hebbal, BIA, Bellary Road and Outer Ring Road or mere layouts like Sahakar Nagar which has many recent developments. Other areas in the neighbourhood include Kodigehalli, Sanjeevini Nagar and Thindlu.