It's said that Bengaluru is "India's Silicon Valley." It has a large number of IT enterprises and new businesses, making it one of the most significant employment hubs in the nation. This draws professionals to the city from throughout the nation and even beyond. To accommodate these more residents, the city is gradually enlarging its boundaries and developing new suburbs. North Bengaluru is one of the more recent areas in Bengaluru where residents live and work. There is a passenger train station nearby where certain trains stop. The closest major train station is Yelahanka Railway Station, which is about 18 kilometers away. Nearby lies the Kempegowda International Airport.
Bellary Road (NH-7), now a 6-lane highway, facilitates convenient access to the main city centers for residents in Devanahalli. As a result, traffic moves more swiftly and smoothly. To address the increasing demand for public transportation, the Bengaluru Metropolitan Transport Corporation (BMTC) operates buses according to a predetermined timetable. Easy-to-get-to locations are those that are adjacent to busy roads. Meeting international standards, this airport is the second busiest in the United States.
Because of the KIADB IT Park, the KIADB Aerospace Special Economic Zone, the soon-to-be-constructed BIAL IT Investment Region, and the Global Financial District, Devanahalli will be a hub for employment. More individuals will want to purchase properties there as a result.
The 65-kilometer Peripheral Ring Road will pass through Devanahalli and link to Bellary Road. It will be simpler to get to locations in Bangalore's eastern region. The Namma Metro Project's second phase will begin in Gottigere, South Bengaluru, and pass via Nagawara, North Bengaluru. One of the locations for this project is Devanahalli. These infrastructural projects, which include the metro and highways, will connect Bengaluru's greatest areas and further reduce commuting times. This will alter the real estate market and contribute to its long-term growth.
Devanahalli's links to various modes of transportation ought to strengthen in the future as infrastructure is enhanced. In the area, Phase 2 of the Namma Metro is now being constructed. It will link Bengaluru's downtown to the airport before continuing on to Devanahalli. The outlying suburbs of Bengaluru would be connected to major thoroughfares like Bellary Road and the OMR by the projected Peripheral Ring Road (PRR). It will complement the current NICE and ORR routes. People would find it simpler to travel around Bengaluru and to and from Devanahalli as a result.
Devanahalli's land costs are lower than those of several other Bengaluru suburbs. This makes it an excellent option for constructing homes and infrastructure. This contains some of the largest ongoing projects, which create a large number of employment, like the IT Investment Region (ITIR) and the Aerospace Special Economic Zone (SEZ). Bemel, Centum Electronics, Dynamatic, and Thyssenkrupp Aviation are a few of the major corporations that have established themselves in the Aerospace SEZ.
In Devanahalli, 14% of the available properties for lease fall between the range of 15K to 20K, while another 14% falls between 20K and 25K. 3 BHK is the most frequent number of rooms in this neighborhood, accounting for approximately 44% of all rentals. Apartments with multiple floors make up 44% of the properties in Devanahalli, and the majority of these listings are agent-posted.For Lease:In Devanahalli, 14% of the rental units are priced between 15K and 20K, while 14% fall between 20K and 25K. 3 BHK is the most frequent number of rooms in this neighborhood, accounting for approximately 44% of all rentals. Apartments with multiple floors make up 44% of the properties in Devanahalli, and the majority of these listings are agent-posted.
For Sale:In Devanahalli, homes for sale fall into two categories: 16% and 18%, respectively, between 40 and 60 lac and 80 lac. Three BHKs make up roughly 37% of all the homes for sale in this area, making them the most prevalent amount of rooms. Plots of residential land make up 56% of the properties in Devanahalli, and the majority of these are listed for sale by agencies.
The business, population, and infrastructure of this north Bengaluru suburb are all expanding swiftly, as was previously said. As connections improve and more companies establish offices nearby, more individuals will relocate here. As a result, properties in Devanahalli will be a superior investment. Therefore, now is the ideal time to invest money in something.