Many well-known IT firms are located in Bangalore, especially in Devanahalli, one of the bordering suburban areas located to the North East of Bangalore city. As Devanahalli is situated on the outskirts of Bangalore city spacious land is available at affordable rates and being an industrial hub and site of Kempegowda International Airport, it is recognized as the fastest growing commercial as well as residential destination. The following factors have given a boost to the real estate market of Devanahalli Bangalore and are the actual reasons for investing in properties in this developing location that guarantees profitable long-term returns.
● Preferred location
Devanahalli has the best social Infrastructure including renowned hospitals, schools, colleges, medical institutions, 5 star hotels, shopping plazas entertainment parks and is in close proximity to the Kempegowda International Airport and workplace and many residential projects offering affordable apartments as well as luxurious villas in Devanahalli have been launched. With excellent bus service provided by the Bangalore Metropolitan Transport Corporation Devanahalli is well connected to all the major parts of the city via roadways i.e. NH-44 or Bellary road and SH+4 connecting to the Eastern parts of Bangalore. It also has an easy accessibility to the city via railways and to reduce the overcrowding on arterial and peripheral road Satellite Town Ring Road is being constructed. To ease the travel of passengers at the airport the construction of Namma Bengaluru Metro Rail is going on. All these features have attracted buyers to invest in this location for comfortable living and good returns in future.
● Presence of IT Parks
Devanahalli is considered to be an IT hub as many renowned IT firms are located here. Besides this many financial institutions and multinational companies are also located here leading to availability of job opportunities. Eligible candidates migrate to this location and prefer buying new homes or residing on rent in the vicinity itself close to the workplace. Thus, there is great demand for apartments in Devanahalli which has created a powerful impact on the real estate market.
● High appreciation value
Excellent connectivity, developed infrastructure, industrial hub creating employment opportunities, high demand for residential homes and spacious land available at affordable rates has made Devanahalli a preferred residential destination of buyers and investors. As the property rates are constantly increasing there is a high appreciation value. Therefore, property investment in Devanahalli is a wise decision.
● Living in Serenity
Devanahalli is located away from the hustle and bustle of Bangalore city. The apartments in Devanahalli are spacious and luxurious and the residential projects have come up amidst the landscaped greenery where you can enjoy nature's bliss in a noise and pollution free environment, unwind and relax after a tiring day and live a comfortable life.
All the above factors indicate that Devanahalli is surely the right location for property investment.
Comments