Bangalore (or Bengaluru) can safely be included in any list of the most dynamic cities in India, if not the world. Since it was founded by Kempe Gowda in 1537, the city has witnessed numerous upheavals and disruptions, but has emerged even stronger. Today, this city is the hub of innovation and is called the ‘Silicon Valley of India’, due to the large number of Information Technology (IT) firms and startups, which call this city home. The latest growth corridor in this city is its northern side, particularly areas such as Devanahalli, which is emerging as the real estate destination in the city to invest in.
Devanahalli was, until recently, better known as the birthplace of Tipu Sultan. However, the construction of the Kempe Gowda International Airport next to this area led to plenty of interest from real estate investors and developers alike. Subsequent mega-projects announced by the state Government of Karnataka, many of which are now operational, have solidified this initial interest into extremely positive long-term growth prospects. We look at why you (as a home buyer) should consider investing in this fast-emerging suburb.
Devanahalli: Location & Connectivity
As mentioned earlier, Devanahalli is the site of the Bangalore Airport, which is the second busiest airport in the country, with regular flights connecting Bangalore to cities across the world. With the airport coming up, it was only natural that connectivity to and from Devanahalli was of prime importance to residents of the city. To this end, NH7 or Bellary Road, which connects Devanahalli to the main city was widened to a 6 lane highway, making it possible for one to commute from here to major IT and industrial zones such as Hebbal and Yelahanka in around 20 minutes. Bangalore Metropolitan Transport Corporation (BMTC) regularly operates buses to here, to cater to the ever-increasing demand.
Devanahalli real estate is also connected by rail to Yelahanka and Bangalore City railway station, the major hubs of the city. It will also form part of Phase 2 of the Namma Metro network, further boosting connectivity and development in the area. With the satellite ring road expected to augment connectivity to and from here, things are only going in one direction for this area: upwards.
Devanahalli Real Estate: An industrial and technology hotspot
The airport was just the beginning of the Devanahalli growth story, with the state Government of Karnataka making it the focus area of some of the biggest developments. The most notable among these is the IT Investment Region (ITIR) and the Aerospace SEZ, which are already operational and promise to make this area among the biggest employment hubs. The availability of large land parcels at lower prices than elsewhere in and around Bangalore is a major reason for some mega-projects coming up here.
Among the biggies, which have set up shop in the aerospace SEZ are Thyssenkrupp Aviation, BEML, Dynamatic and Centum Electronics. Bangalore, already home to Hindustan Aeronautics Limited (HAL) and the Yelahanka Air Force Base, can be called the country’s foremost aerospace hub and Devanahalli real estate takes a big share of the credit.
The most prestigious IT companies such as TCS, Infosys and Wipro are expected to be setting up campuses in the Devanahalli ITIR. Companies such as Shell already have a significant presence in this area. Also, on the anvil are a Science Park as well as a Financial City, which is expected to rival India’s financial capital Mumbai as well as the Gujarat International Finance Tec-City in Gandhinagar. All these developments should see this area reach stratospheric heights in the near future. With a surfeit of employment opportunities, real estate demand is only expected to soar, be it residential or commercial.
Devanahalli: Proximity to Schools and Hospitals
For those who are apprehensive about Devanahalli real estate being short on various social conveniences, there’s really no reason for worry as the development of this area has seen many service providers in the educational, healthcare and other sectors offer their services to residents. Among the noted schools in this area are Gnana Deep Academy Residential School, Oxford English School and Akash International School. For medical care, the options available to residents include Leena Multispecialty Hospital, Akash Hospital and Drishti Eye Care Hospital. This area also boasts of a D-Mart outlet as well as numerous stores to meet residents’ shopping needs.
Devanahalli: Clean and green environment
Being located at a short distance from the city, Devanahalli real estate offers its residents the opportunity to live a healthy lifestyle in a green and pollution free environment, which is a necessity in today’s often stressful times. This area is also largely free of the traffic congestion that is often seen in other parts of the city, owing to the excellent planning and execution of various road connectivity projects.
Devanahalli real estate is clearly emerging as a major growth corridor in the northern side of Bangalore and is on the verge of becoming a much vaunted and sought after residential location in this part of the city. With massive developments on the horizon and existing ones attracting numerous people to this area, this is indeed the best time for you to seriously consider Devanahalli real estate, whether for residing or as an investment, which is likely to yield huge returns in the near future.