The 11 major reasons to invest in Devanahalli real estate are:
1. Location –
Devanahalli is close to the Bangalore International Airport.
2. Infrastructure –
There is an unprecedented upgrade happening in Devanahalli infra in the coming years.
3. Land availability –
Since there is a strong availability of various land sizes in Devanahalli the scope of property development in Devanahalli is very high. This includes all kinds of properties in terms of sizes, prices and types.
4. Property price –
Property rates in Devanahalli are very attractive in comparison to other parts of Bangalore.
5. Commercial growth –
Devanahalli is rapidly unravelling as a massive hub for IT development zone, Aero hub, Financial hub thereby attracting major multinational companies, corporate giants from across the globe creating a plethora of specialized jobs as well. Devanahalli is almost 40 kms away from main Bangalore city and is now one of the fastest growing property markets in North Bangalore. It used to be a sleepy town before the development of Kempegowda International Airport in the year 2008. In the past one and a half decades Devanahalli real estate has grown multiple times with many land investments in Devanahalli growing more than hundred times in value in the last twenty years. Many well informed property investors in Bangalore picked up agriculture land for sale in Devanahalli Bangalore at very cheap prices much before the airport development happened. As expected, property prices in Devanahalli grew exponentially bringing in a windfall for all property and land investors in Devanahalli.
6. Scope of property rate appreciation in Devanahalli:
There is still a lot of scope to invest in properties in Devanahalli and make decent amount of profits in the years to come. As there is a lot of commercial development happening in Devanhalli there are millions of jobs supposed to be created and this massive population in and around Devanahalli in North Bangalore will automatically increase the demand for quality homes for sale in Devanahalli. Since most the working population here would be from the middle class segment there is a very strong demand for affordable apartments for sale in Devanahalli today. Since Devanahalli offers some of the best low budget homes for sale in North Bangalore it has become a very hot property investment destination in Bangalore today. One of the best affordable residential property developments in Devanahalli is Krishnaja North City that offer some of the most well designed 2 and 3 BHK apartments for sale in North Bangalore near the Bangalore International Airport.
7. Existing connectivity, transport and improvements in Devanahalli
With the upcoming Namma Metro phase which is planned to connect Nagawara in North Bangalore to Gottigere, a location in South Banaglore – connectivity from Devanahalli is set to become much more robust and easy. Also the Satellite Town Ring Road (STRR) is going to be a massive connectivity boon for all residents her as it would join Doddaballapur, Devanahalli, Hoskote, Sarjapur, Kanakpura, Ramanagaram and Magadi. It is expected to roll out in the coming few years. Devanahalli is also well connected to all locations of Bangalore through NH-7 and also through the Bellary road. There are a number of buses run by the Bangalore Metropolitan Transport Corporation (BMTC) to boost the road transport in Devanahalli. There is also a good railway connection from Devanahalli to Yelahanka and Bangalore city. Of course the fact that the Kempegowda International Airport is very close by is one of the biggest advantages.
Therefore with metro and also other major road developments happening in and around the entire Chikkaballapur area, the entire North Bangalore location of Devanahalli is going to be benefitted further and there is an upsurge expected in the demand for land for sale in Devanahalli Bangalore. Already the number of property investors and property developers buying commercial land for sale in Devanahalli is very high. With further improvements in connectivity these numbers would surely go up.
8. Property and construction activity in Devanahalli
There are currently more than 150 residential housing projects in Devanahalli of various scales and at various stages of constructions. A few of the very successful real estate projects in and near Devanahalli include Ozone Urbana by Ozone Group, Swiss Town & Hollywood Town by Colaco developers. More importantly since the land prices in Devanahalli are still affordable many real estate developers in Banaglore are still developing and properties in Devanahalli at affordable prices.
The airport has been a major momentum factor for property developments in Devanahalli and it is anticipated that this North Bangalore suburb will witness a further surge in demand for residential units.
No wonder that there are hundreds of residential sites near devanahalli at present including multiple BDA approved plots in Devanahalli and also BIAAPA approved sites in Devanahalli.
9. Saturation in main Bangalore
Another reason that gated community plots in Devanahalli are in a huge demand is because of the fact that the main city of Bangalore is literally saturated with unplanned constructions and property developments. There is a very serious issue related to traffic in Bangalore and open spaces are drying up too. The increase in pollution and the deteriorating state of lakes & trees in Bangalore city is turning people’s attention towards locations like Devanahalli. Therefore you can find not only budget homes in Devanahalli but also villa projects in Devanahalli being built by some of the best developers in India. Also there are many luxury projects in Devanahalli because there are many rich and affluent home buyers from Banaglore city who prefer to have plots near Devanahalli jain temple where there are a lot of open spaces. Many individual buyers build their own customized independent houses in Devanahalli designed by some of the best architects. There are some extraordinarily beautiful villas in Devanahalli belonging to some of the most elite gentry. There are developers who have bought 100 acre land for sale in Devanahalli or other big plots where they are coming up with residential gated community projects in Devanahalli.
10. Industrial & commercial developments in Devanahalli:
Some of the biggest IT Parks such as Hardware Tech Park, Aero SEZ and International Tech Park are housed in Devanahalli and therefore there are some of the biggest IT giants, manufacturing companies, financial corporations who have their addresses in Devnahalli. Therefore Devanahalli is gradually gaining fame as one of the prime technological hubs in Bangalore. Companies like TCS, Infosys, Wipro and many others attract a lot of educated and sophisticated working class crowd from across India to this location.
11. Strong social infrastructure in Devanahalli:
Devanahalli has a very strong social infrastructure that has education institutes, health care centres, hospitals, malls, shopping complexes, markets, restaurants and other public facilities. All these stable and growing social infrastructure factors influence the migration and shifting of a lot of people increasing the popularity of Devanahalli real estate further.