Residential market in North Bangalore - Devanahalli.docx

1. Residential Market in North Bangalore - Devanahalli The residential market in Devanahalli, a suburb located in the northern part of Bangalore, is a rapidly growing area - attracting a lot of attention from home buyers and investors. Devanahalli is known for its proximity to the Bangalore Airport (Kempegowda International Airport) and Aerospace and Defence Park, which is driving the demand for housing in this locality. Currently, the price of apartments and villas can vary depending on the specific location and facilities placed in close proximity, with luxury apartments commanding premium prices. The area has a mix of independent houses, Villas, row houses, and apartments that cater to different requirements. The area is also home to many gated communities, which are becoming increasingly popular among buyers looking for a secure and well-maintained living environment. Builders are more focused on providing exclusive amenities such as private pools, gyms, children play arena, and lush green landscaped gardens. In recent years, we have seen a growing trend of home buyers and investors looking for attractive housing options in Devanahalli. With the increasing demand for cost-to-benefit housing, many developers are now launching new projects with a focus on aspirational homes. An increasing requirement for plotted land parcels, aspirational 2 & 3 BHK apartments and Villa development, which is just 15-20 minutes to the international airport - has taken off exponentially on the demand front. Additionally, many projects have been developed owing to the Peripheral ring road and other highway infrastructure - adding immense value to the same. Individuals who are looking for premium homes with high-end amenities - this residential market is a potent area for luxury homes and apartments, leading to an increase in the number of homes to plotted land parcels in the region. Also proposed is the Global Financial district in Devanahalli - government is in talks with the concerned authorities. An investment of about Rs. 1,000 crore planned in 150 acres of land, and 45 banks have shown interest to

2. have their offices in the hub. This can be a game changer in the developmental domain in years to come - that can shift the game towards being the best. The commercial and industrial sector is also growing in Devanahalli, which is attracting more people to the area. The upcoming Aerospace and Defence Park is expected to provide a significant boost to the local economy and job market, which in turn is driving the demand for housing in the area. Additionally, the upcoming infrastructure projects such as the Peripheral Ring Road and the Elevated Expressway are expected to boost the real estate market. Overall, the residential market in Devanahalli is a vibrant and dynamic area that is potent enough for continued growth and development in the coming years. With its proximity to the Kempegowda International Airport, the upcoming Aerospace and Defence Park, and other proposed projects, it is an ideal location for both residential and commercial real estate.