North Bangalore: A residential hub
In 2012, the best performing areas in Bangalore were Hebbal, Sahakar Nagar and RT Nagar in North Bangalore. These locations have seen the highest demand and appreciation during the year.
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.
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.
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.
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.
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.
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Bangalore, Bangalore International Airport, Bangalore Real Estate, high-end residential market, North Bangalore, Projects in bangalore, projects in Hebbal
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