Is it a good time to invest in Devanahalli?

Is it a good time to invest in Devanahalli?

by Godrej Properties Limited

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Due to the proximity of the international airport, Devanahalli, located in Bangalore’s northeast, is seeing a rapid real estate boom. Devanahalli, one of the most sought-after residential and business regions in the city, is home to well-established social infrastructure, including schools, hospitals, and recreation facilities.

Compared to neighbouring Bangalore suburbs like Kogilu, Sahakara Nagar, and Yelahanka, the property in Devanahalli is reasonably priced, and the land parcels are more accessible. The cost of apartments in Devanahalli range from INR 4,300 to INR 5,100 per square foot. Devanahalli is a well-liked tourist destination due to the abundance of temples.

Tourist attractions in Devanahalli

Beautiful sites are frequently in high demand, and it appears that many people desire to live and work there. Devanahalli is also very well connected to a number of destinations that provide a retreat for nature enthusiasts. It is a fantastic spot to choose for a holiday and much-needed break because natural parks, gardens and Nandi Hills are nearby. It is famous for being Tipu Sultan’s birthplace along with countless temples, like Nakoda Avanti 108 Parswanath Jain Temple, Venugopala Swamy Temple, making it popular among tourists and visitors. There are the Grover Zampa vineyards nearby for those who’d like to spend the weekend in a carefree and relaxed manner.

The villas in Devanahalli enjoy transport facilities and connectivity

Devanahalli has good access to the city’s most desirable areas through the NH-7 or the six-lane Bellary road. To alleviate commuters’ traffic concerns, the Bangalore Metropolitan Transport Corporation (BMTC) also runs a number of buses in the region. In addition to this, the area has excellent rail connections to Yelahanka and the central city. The locality’s appeal is further enhanced by the presence of the international airport. As a result, real estate in Devanahalli is thriving.

Industrial hub near Devanahalli

Devanahalli is establishing itself as a significant technical centre in Bangalore thanks to the establishment of some of the top IT Parks, including Hardware Tech Park, Aero SEZ, and International Tech Park. In the near future, the area is also anticipated to get a Science Park and Financial City. In addition to these, the area is home to many well-known companies like TCS, Infosys, and Wipro.

Good social infrastructure

Devanahalli enjoys the advantages of a social infrastructure that is well-established and consists of reputable schools, office buildings, and medical institutions. These include Leena Multispeciality Hospital, Akash Hospital, Columbia Asia Hospital, and Akash International School. In addition to this, the area is teeming with entertainment venues such as the Phoenix Market Mall, World Market Mall, and Elements Mall. There are also multiple prestigious developers that are constructing apartments and villas in and near Devanahalli with different properties for people with varying budgets. Godrej Royale Woods is a set of premier apartments in Devanahalli with spacious 2 and 3 BHK homes and is one of the most promising properties in Bangalore.
 

Facilities in DevanahalliNames
Schools and Educational InstitutionsAkash International School Bangalore 
Little Stars Pre-School
HospitalsLeena Multispeciality Hospital
Akash Hospital
Columbia Asia Hospital
Entertainment VenuesPhoenix Market Mall
World Market Mall
Elements Mall

 

Upcoming developments in Devanahalli

The upcoming Phase 2 of the Namma Metro, which will go via Nagawara in the North and conclude at Gottigere in the South, is also anticipated to improve Devanahalli’s connectivity. In addition, a new Satellite Town Ring Road (STRR) connecting Doddaballapur, Devanahalli, Hoskote, Sarjapur, Kanakpura, Ramanagaram, and Magadi will be active in the upcoming years adding to Devanahalli’s value proposition.

The aforementioned considerations suggest that the demand for residential units in the North Bangalore area are likely to increase. Devanahalli’s growing number of commercial offices and IT Parks make it a desirable place to invest for both developers and end-users.

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