Santosh Das, 32, shifted to Bengaluru from his hometown 5 years ago with a plush job offer from an IT company. Today, with savings to back him & marriage on the cards, Santosh is looking at buying his first property in Bengaluru but is confused with so many property options.
Will it fit in his budget? Will the location have all the amenities? How about the security? What are the connectivity options for his parents who are to move in with him?
Location – With the shifting of the Bengaluru International Airport to Devanahalli, much of the action has shifted to the North. Home buyers have the option to choose from multiple locations like Bellary road (Hebbal to new airport), Thanisandra road, Hennur road & Hormavu road.
Budget – North Bangalore has property options suiting budgets of all kinds. Prices start from Rs. 3500/sq ft in Hormavu road and can go up to Rs. 9000/sq ft on main Bellary road.
Development – North Bangalore is well developed from the commercial & industrial growth perspective. There are commercial areas like KIADB Park, Airport Township, ITIR, Devanahalli Business Park, Global Finance District, Manyata Tech Park & Taiwan Hardware Park. Industrial development in Doddaballapur, Hoskote, Narsapura & Malur has prompted a lot of development in the North.
Connectivity – Because of the widening of NH -7 to 8 lanes, traveling to the airport is now a breeze. A peripheral ring road of 116 km surrounding Bengaluru gives added advantage to living in North Bengaluru. A proposed 31 km monorail connection from JP Nagar to the airport via Hebbal is also on the cards. Price movement – According to Square Yards research team, prices have continuously seen northwards movement in all major localities on North Bengaluru. At Thanisandra road, prices moved from Rs. 2900/- sq ft in 2010 to Rs. 5500/- sq ft. Similarly, Hennur road localities rates have moved from Rs. 2700/- sq ft to Rs. 5100/- sq ft.
(Do speak with your Square Yards property consultant today to know more about investing in Bengaluru)
