Why north Bangalore ranks high with property buyers |
Posted: August 27, 2016 |
Northern Bangalore is one of the popular residential hubs in the Silicon Valley of India. Bangalore is the tech darling of the country. As such the city is filled with representation from the information technology/information technology enabled services (IT/ITeS) companies and start-ups. It is majorly these two industries that are driving real estate demand in this city. There is demand for affordable homes in every city in the country. The Garden City is no different. Affordability is the driving force behind real estate growth in every town in India. North Bangalore is considered to be one of the more affordable parts of this metro. There are huge parcels of land available in this part of the city. The central parts of the city have long become expensive and saturated. If you are looking for affordable properties and want plenty of options then the north parts of the city are where you have to head. This is not to say that there are no luxury properties such as villas present here. On the contrary, there is a massive presence of luxury properties here. This is again because there is availability of large land parcels. The northern reaches of the city were once only known for their manufacturing sector. They were largely ignored by the buyers. This changed with the Kempe Gowda International Airport came up in the northern micro market of Devanahalli. This ushered in a prosperous era for this part of the town. The infrastructural boost that was required to make the micro markets here tick was brought in after the airport became functional. This triggered the markets and they started doing better real estate wise. Yelahanka is a case study of the development witnessed by the northern peripheral areas after the airport became operational. This micro market is in essence a satellite township but is now a part of the Bruhat Bangalore Mahanagara Palike. It is located on National Highway 7 and State Highway 9. It is blessed with great connectivity and buyers love micro markets which have this rather crucial feature. The micro market possesses villas, apartments and plots which makes it an ideal option for both end users and investors. A good example of the variety of property types which are on offer in this area is Veracious Vani Villas. Veracious Vani Villas by Veracious Builders offers both apartments and duplex villas. This project has about 260 units. Veracious Vani Villas was completed in March 2016. Vetracious Vani Villas by Veracious Builders offers luxury amenities at affordable prices. And that is the essence of the property market in the northern part of Bangalore. Affordable luxury is the USP of most of the properties here. And buyers are lapping it up. Buyers in this part of the country are cosmopolitan. They want all the world class amenities which they have seen elsewhere in the world when they buy their home. But at affordable prices. This is what north Bangalore offers. Author Bio: Sulabha is a real estate agent who is frank in expressing about his ideas about the Bangalore property market on Indiaproperty.com.
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