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There has been a lot of talk around new developments in north Bengaluru, an area that starts at KR Puram and stretches till Malleshwaram-Yeshwantpur. This article is to dwell up on some interesting aspect of this entire region so that buyers have a better understanding of the region while investing in properties in north Bengaluru.
Why invest in north Bangalore real estate?
“North Bengaluru is one of the fastest-growing regions of the city, and is emerging as the hotspot for large-scale residential and commercial projects. Horamavu is a place where most of the land has been plotted and sold back in the late 1990s and early 2000s. Clearly, there is a lot of unearthed potential in this part of the town. Ramuthynagar is next to Hennur and also closer to Banaswadi and Kamanhalli,” says Abhinav Joshi, Head of Research, CBRE India. Experts point out that North Bengaluru offers varied housing options for home buyers ranging from affordable to luxury segments that cater to the needs of all, including working professionals, business people, and students. Luxury properties are also coming up in the area, but the option to buy premium villas in the city limits of Bangalore could be what a buyer may easily get enticed.
Villas in north Bangalore: Value for your money
Most developers are coming up with high-rise apartment projects in north Bengaluru. But if you are looking for villas, there are quite a few options. Recently, few developers have shown interest in coming up with villa projects in the area. Take for example the COCO VILLA project by N G Developers, a community living option, apt for children, seniors as well as working people. Located at Horamavu, the project offers units at a price equivalent to 4 BHK apartments in the city. In a project like Coco Villa that is situated close to nature, you can live a high-quality, healthy life in a pollution-free environment. Apart from offering independent lifestyle and premium features, villas in North Bengaluru can give you a value-for-money proposition in comparison to apartments.
The development of social and physical infrastructure has fuelled the growth of north Bengaluru. The improved social infrastructure in terms of healthcare centres, educational institutions, shopping complexes, open spaces, and gardens in areas such as Horamavu has increased investor interest. Horamavu falls between the key activity hubs of north Bengaluru and Whitefield. Although social infrastructure in the location is in its early stages of development, the locality houses some of the renowned educational institutes of the city such as Vibgyor, New Baldwin’s, Presidency, Ravindra Bharathi Global School , etc., among others. Retail spaces in the immediate vicinity can be found primarily on the high streets of Kalyan Nagar. Major malls are located at a distance in Whitefield, Banaswadi and Nagaravara. These include Phoenix Market City, VR Mall, Orion East and Elements Mall.
Property supply in north Bengaluru
The property supply in north Bengaluru in the past five years shows a consistent growth. As property demand in the Horamavu location is on a rise, the supply has also started picking up. Consistent increase in the property supply in north Bengaluru reflects the growing confidence of the realty sector in this area.
Properties launched in north Bengaluru
|CY 2015||CY 2016||CY 2017||CY 2018||CY 2019|
|Bagaluru Near Yelahanka||46||0||0||55||3,205|
|Anagalapura Near Hennur Main Road||180||625||40||35||0|
Source: PropTiger DataLabs January 2020. Note: Analysis includes apartments and villas only.
Growth prospect of realty market in north Bengaluru
Infra projects like the proposed peripheral ring road, Aerospace Park, Information Technology & Bio-Technology- ITBT, ongoing Metro project that will connect to the airport would greatly transform north Bengaluru into a highly implored realty destination. Projects with integrated technologies in the buildings, pollution-free environment, congestion-free roads and connectivity to all the locations are some of the aspects in north Bengaluru, which will give it an edge over other realty locations.
Which areas come under Bangalore north?
North Bengaluru includes areas from KR Puram up to Malleshwaram-Yeshwantpur.
What are the infrastructure projects in north Bangalore?
Some of the ongoing/upcoming projects in and around north Bengaluru include the peripheral ring road, the metro rail project, an Aerospace Park, information technology and biotechnology centres, among others.
What types of properties are available in north Bangalore?
North Bengaluru has homes in the affordable to luxury housing segment, as well as villas.