Jul 18, 2023

Bagalur: A Housing Market on the Rise

by Godrej Properties Limited

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Bagalur is a village in Karnataka's Bangalore Urban district. It has recently gained appeal as a profitable housing market. Several factors have enticed investors and individuals to live or own property in Bagalur. Continue reading to learn more about Bagalur and its recent advancements. 

Bagalur has seen an increase in the real estate sector during the last year. It is undergoing rapid development, with a wide range of accessibility in the surrounding area, to make life more easy for the people who live there, while remaining hidden in the tranquil and beautiful green surroundings of Northern Bangalore. Bagalur has a well-developed infrastructure, a variety of local and foreign educational institutions, resorts, spas, and excellent connectivity to surrounding areas.

Developers are seen building gorgeous buildings in the neighbourhood, including row houses, flats, and villas; however, the notion of gated community plots is catching the real estate market by storm. This is because such plots create a sense of exclusivity, with all of the superior amenities accessible within the property's confined space. Furthermore, such venues are extremely safe and secure, with restricted pedestrian and vehicle access. Flats are also wonderful places to invest in if you just want to put your money somewhere useful. Because of the lower investment required and the guaranteed higher returns, such planned developments are a good bet for investors looking for a high return on investment. The value of investments made now in these gated communities in Bagalur will increase steadily in the coming years.

Developments In Bagalur, Bangalore 

Bagalur region's commercial and residential housing market is on the rise. Many commercial and residential complexes created by the country's most well-known building companies can be found here. 

This growth can be attributed to the KIADB's creation of the Aerotropolis, Aerospace, IT, and Hardware Park by BIAL. Other significant infrastructure projects include the Devanahalli Business Park and the expressway to BIAL. 

Connectivity of Bagalur

North Bangalore is well-known for its excellent accessibility across all three modes of transportation: air, road, and rail. As a result, Bagalur is also rather well-connected. Bagalur's nearest airport is Kempegowda International Airport. Kempegowda International Airport's relocation from Domlur to North Bangalore has greatly helped the local housing market on the rise. The region is also well-connected by the Bellary Road and the Outer Ring Road. 

The metro's Purple Line connects Bagalur Layout in Maruthi Seva Nagar. Furthermore, the Namma Metro Phase II, which is now under development, would extend its Green line, connecting North Bangalore to South Bangalore in 45 minutes.

Bagalur is also conveniently located near MG Road, KR Puram, ITPL, Hebbal, Mekhri Circle, Yelahanka, and Indiranagar. Numerous buses run across Bagalur.

Social and Educational Infrastructure

Bagalur is rapidly expanding, with many schools, universities, healthcare facilities, and shopping and leisure areas. A private go-karting track, in addition to these big educational campuses, is making a stir among motorsports aficionados. Furthermore, just a few people are aware that Bagalur boasts a posh FIFA-approved facility for professional football supporters. This sports complex on Hennur-Bagalur Road is ideal for sports enthusiasts.

Away from the city's traffic and chaos, various resorts, hotels, and spas along the Bagalur-Devanahalli stretch offer a calm retreat for city dwellers and business visitors. Bagalur also has many central and government schools, as well as high schools.

Real Estate Landscape

Bagalur has a plethora of options for those looking to live or invest in the long term. Property prices in Bagalur, fluctuate; investors must act by market conditions if they wish to maximise their profit. Bagalur's average property price is ₹ 45.78 lakhs. Bagalur property prices range from ₹ 7 lakhs to ₹ 21.62 crores. As a result, Bagalur is a reasonably priced place to rent a home. It's also a wonderful investment opportunity, as housing prices in Bagalur have increased by 31.73% year-on-year.

Godrej Ananda has purchased vast tracts of land to build majestic residential spaces. Anyone interested in investing in real estate can look forward to this development.

Industrial Parks and Jobs

The KIADB is constructing a 950-acre park in Bagalur to house major IT firms and Aerospace sectors. Furthermore, the KIADB hardware park contains a 250-acre special economic zone (SEZ) that will soon be home to firms like Bombardier, Airbus, and Boeing. 

Bagalur is near major business centres including Devanahalli, Hebbal, Thanisandra, Jakkur Budigere Cross, and Yelahanka. This community also has its own commercial Hub B Fouress Ltd. 

Major IT corporations like IBM, Cognizant, and even the Manyata Tech Park, which houses a variety of IT enterprises, are located approximately 17 kilometres from Bagalur. Other local landmarks include the Shell Research Centre and SAP.

Another significant change that will undoubtedly affect the housing market on the rise is the Metro train project, which will connect North Bangalore to the South in 40 minutes. These projects demonstrate to investors that property prices will begin to surge as the area's infrastructure and communication network develops.

Bagalur has recently gained prominence as a promising and profitable housing market. A variety of reasons have contributed to a rise in population and investment in Bagalur. This new Godrej Properties property in Bagalur Road is appealing and would be ideal for your dream home.

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