Elevating your property search in Devanahalli, Bangalore, is akin to discovering a treasure trove of real estate potential. With the advent of Birla Trimaya, a futuristic township project, the landscape of Devanahalli is transforming into a hub of luxury and convenience. This comprehensive guide delves into the various facets of Devanahalli’s real estate market, highlighting its growth trajectory, investment potential, and the promising future that lies ahead.
A Beacon of Modern Living Birla Trimaya stands as a testament to modern architecture and sustainable living. Nestled in the heart of Devanahalli, this RERA-approved project spans 50 acres and offers a range of residential options, including 1, 2, 3, and 4 BHK apartments. With its strategic location near the Kempegowda International Airport, Birla Trimaya promises not just a home but a lifestyle that’s enriched with world-class amenities and connectivity.
The Allure of Devanahalli The real estate site value in Devanahalli has seen a consistent rise, thanks to its proximity to the international airport and the influx of infrastructural developments. The region boasts a blend of residential plots, high-rise apartments, and villas, catering to diverse preferences and budgets. The average property price in Devanahalli ranges from ₹5,400 to ₹8,200 per sqft, making it an attractive proposition for buyers and investors alike.
A Growth Perspective Devanahalli’s real estate value is on an upward trajectory, with a year-over-year property rate growth of approximately 15%. This growth is fueled by the area’s transformation into a significant technology hub, with the presence of the KIADB Aerospace SEZ and IT Park, alongside the upcoming BIAL IT Investment Region. These developments are expected to create a surge in employment and, consequently, housing demand.
A Township in the Making Devanahalli is not just about real estate; it’s about building a community. The township is dotted with educational institutions, healthcare facilities, and commercial spaces. The Devanahalli Fort and Bhoga Nandeeshwara Temple add a historical charm to the area, making it a blend of the old and the new.
The Kempegowda International Airport, a mere stone’s throw away, adds immense value to Devanahalli’s real estate. It serves as a gateway for global travelers and investors, positioning Devanahalli as a cosmopolitan enclave.
The Real Estate (Regulation and Development) Act (RERA) has brought about a paradigm shift in the real estate sector. Projects like Birla Trimaya are RERA-compliant, ensuring transparency and accountability in transactions, thus boosting buyer confidence.
Touching the Sky High-rise apartments in Devanahalli, such as those in Brigade Orchards, offer luxurious living experiences with a host of amenities. These towers are not just homes but landmarks that redefine the skyline.
Devanahalli’s investment potential is significant, with promising projects reshaping the landscape. The Aerospace Park, Science Park, and Financial City are set to make Devanahalli a prime zone for global and national investors.
The future growth of Devanahalli looks bright, with infrastructure advancements like the Namma Metro Network and Peripheral Ring Road in the pipeline. These projects are expected to enhance connectivity and further boost the real estate market. Devanahalli, a suburb of Bengaluru, is poised for significant growth and development, with several key infrastructure projects on the horizon that are expected to transform the area. Here’s a detailed look at what’s in store for Devanahalli:
The Namma Metro, also known as the Bengaluru Metro, is set to expand its network to include Devanahalli. This expansion is part of the state budget for 2024-2025, with plans to extend the Metro rail from the Bangalore International Exhibition Centre (BIEC) to Tumakuru and from Kempegowda International Airport (KIA) to Devanahalli. The proposed extension will cover around 15 km and is expected to significantly enhance the connectivity of the northern part of Bengaluru, including Devanahalli.
The Peripheral Ring Road (PRR) project is another major initiative that aims to decongest Bengaluru’s traffic and promote economic activities. The PRR is proposed to be repositioned as the Bangalore Business Corridor. Requests for Proposals (RFP) have been invited to construct a 73 km road under the Public-Private Partnership (PPP) model, with plans to commence the project within the current year. This corridor will not only ease traffic congestion but also encourage large-scale economic developments along its path.
The Karnataka government has plans to develop towns such as Devanahalli, Nelamangala, Hoskote, Doddaballapura, Magadi, and Bidadi as satellite townships. These townships will have enhanced road and rail connectivity, aimed at reducing the pressure on Bengaluru’s infrastructure. Under the Mahatma Gandhi Nagar Vikas Yojana 2.0, the government intends to create ‘attractive cities’ with sustainable infrastructure to further aid in decongesting Bengaluru.
To tackle the issue of traffic congestion, the state government is also planning to construct underground tunnels in Bengaluru. A pilot tunnel is set to be constructed at Hebbal junction, which is known for its high traffic congestion1. This innovative approach to urban planning is expected to provide a much-needed solution to the city’s traffic woes.
With these infrastructure advancements, Devanahalli’s real estate market is anticipated to receive a significant boost. Improved connectivity and the development of satellite townships are likely to attract more residents and investors to the area, leading to a thriving real estate market.
Overall, the future of Devanahalli looks promising, with a clear focus on connectivity, sustainable development, and economic growth. These projects are not just about enhancing the infrastructure but also about improving the quality of life for residents and positioning Devanahalli as a key player in the region’s development.