The Complete Guide to North Bangalore Real Estate

The Complete Guide to North Bangalore Real Estate

North Bangalore is currently a highly desirable real estate area, and it seems that it will become much more desirable in the next years, since the government is planning several infrastructure expansions there.

North Bangalore real estate is a highly attractive investment opportunity in 2023 and beyond for the following reasons:

Strategic location

North Bangalore is strategically situated at the intersection of two major industrial corridors, the Bangalore Mumbai Industrial Corridor and the Chennai Bangalore Industrial Corridor, and is home to significant industrial parks between them. North Bangalore's micro-locations of Hebbal, Bellary Road, Yelahanka, Devanahalli, and Thanisandra have seen considerable commercial and residential development since the opening of the Kempegowda International Airport in Devanahalli.

Land availability 

The availability of land in this region is the primary factor motivating its development. In North Bangalore, all important office and residential real estate developers have land banks. In addition to the anticipated supply of 29.9 million square feet in North Bangalore, 315 acres of land have been set aside for future commercial development.

Key infra facilities

Several reasons contribute to North Bengaluru being the most desirable real estate location in the city. The Kempegowda International Airport was the catalyst for the first growth of this area. With the announcements of the Peripheral Ring Road and the Satellite Ring Road, the real estate market in this area will soar.

The government's Metro Rail Phase-2B would offer much-needed connection between this area and other IT clusters in the city by enhancing metro connectivity. The 17-station, 37-kilometer Namma Metro Phase 2B airport-link segment of the Blue Line from Bangalore city to Kempegowda International Airport is under development.

Business hub

North Bangalore is already home to some of the city's largest IT/SEZ and business parks, which are slated to become the next manufacturing and business hub in Bangalore thanks to approvals to develop IT/ITeS, industrial, and logistics parks. North Bangalore is also touted as the city's future manufacturing and business hub.

Employment hub

Nowadays, North Bangalore employs around 5,000,000 people. According to a research by the consultancy and advising firm Meraqi, another 350,000 new jobs would likely be produced in North Bangalore by 2025, representing around 30% of the total office absorption by that time. Due to the cheap occupancy costs, new commercial development, and closeness to the Kempegowda International Airport, many research & development, aerospace, car, and pharmaceutical industries are vying to locate in North Bangalore.

Growth Potential & Investment Opportunities

North Bangalore has been the epicentre of global investment and opulent lifestyle expansion. As a consequence of the career opportunities and accessibility, it is not surprising that housing demand in the area is already strong. North Bengaluru saw the highest rate of sales growth in 2022, followed by the South and East.

It is anticipated to expand exponentially by 2025, resulting in a demand for more than 100,000 units.

The majority of this demand will come from HNIs and non-residents of India for properties in the mid-range and luxury categories. Acutely aware of this tendency, prominent developers in the area have already formulated ambitious plans for the northern portion of the city, placing significant bets on its commercial potential and connection improvement. The quality and facilities of these projects are designed with the unique needs of the intended audience in mind. In 2023, both sales and launches will increase in North Bangalore.

North Bangalore real estate investment hotspots:

Indira Nagar

Hennur

Attibele

Abbigere

Kadugodi

Yelahanka

Yeshwanthpur

KR Puram

Nallurhalli

Nagavara