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The Future of North Bangalore Real Estate: Trends to Watch Out For

Posted by Concorde

21 FEB 2024

In the early 1970s, as the world ushered in the era of the IT industry, the city of Bangalore found itself at the forefront of this technological revolution. Over five decades, the city has not only embraced its role as the 'Silicon City of India' but has also become home to an impressive 400 Fortune 500 companies. Today, it proudly wears the badge of the 'Start-up Capital' of the country, boasting a staggering 10,000 start-ups operating within its bounds.

Traditionally, the eastern/south corridor of Bangalore has been the powerhouse driving the city's real estate landscape, especially in terms of commercial spaces like IT parks and business hubs. However, a recent shift in this trend is now evident, with North Bangalore emerging as a dynamic force in the real estate market thanks to the airport and public infrastructure for connecting all the satellite towns.

The region is becoming a hotspot for residential, commercial real estate and social hotpot, with upcoming developments, strategic government initiatives, and significant connectivity projects in the pipeline. In this blog post, we will delve into the current trends and factors shaping the future of North Bangalore's real estate landscape.

Location and Connectivity:
North Bangalore is rapidly rising as a vibrant region, seamlessly linked to major commercial and residential zones through highways like Outer Ring Road, Bellary Road, New Airport Road, and Tumkur Road. This interconnectedness and proximity to the influential Bengaluru Mumbai and Chennai Bengaluru industrial corridors paints a promising picture for future development and investment opportunities. This strategic positioning has made it a sought-after destination for real estate investment.

North Bangalore: Where Connectivity Fuels Investment Boom
One of the hottest investment destinations in Bangalore right now is North Bangalore and with good reason. Beyond its inherent appeal, two major infrastructure projects propel its real estate growth: the Namma Metro and the Bengaluru Suburban Railway.

Metro Lines Weave a Web of Opportunity:

  1. Phase 2A of the Namma Metro:
    The Blue Line, stretching from Central Silk Board to KR Puram with 13 stations, will bridge the gap between North Bangalore and other city hubs.

  2. Phase 2B: The Airport Line:
    This line, connecting Kasturi Nagar to KIA, will directly link the airport with North Bangalore, making it a prime location for business and leisure travel.

Beyond the Metro: Suburban Rails Join the Chorus:

  1. Southwestern Railway's Suburban Train Services links
    KIA with the city, further strengthening last-mile connectivity and convenience.

  2. Bengaluru Suburban Railway:
    This ambitious project, with two proposed corridors spanning 148.9 km, is set for completion by 2028, further solidifying North Bangalore's accessibility.

Connectivity Fuels Growth:
These initiatives are not just improving travel times; they're transforming the landscape of North Bangalore. Improved accessibility attracts businesses, residents, and investments, leading to a thriving real estate market. With a seamless flow of people and goods, North Bangalore is poised for exponential growth, making it a lucrative investment destination.

Upcoming Developments in North Bangalore to watch out for:
North Bangalore is witnessing many new developments and infrastructure projects expected to further boost the real estate market. Some of the most significant upcoming developments in the region include:

  1. Information Technology Enabled Services & Biotechnology (ITIR): This is one of the largest infrastructure projects in Karnataka's history, which is expected to create many job opportunities and drive the demand for real estate in the region.

  2. Devanahalli Business Park: This business park is adjacent to the Bengaluru International Airport (BIA) and is expected to attract many multinational companies and start-ups to the region.

  3. Aero Space Park is being developed to cater to the region's growing demand for aerospace and defence-related industries.

  4. Global Financial District: This district is being developed near Devanahalli to cater to the region's growing demand for financial services and banking-related industries.

  5. Aerotropolis Development: In addition to these developments, Bengaluru is gearing up for its first-ever multi-billion-dollar smart city near Kempegowda International Airport (KIA), spanning 463 acres. Set to open its initial phase in 2025, the Bengaluru Airport City, managed by Bangalore International Airport Limited (BIAL), will feature diverse elements, including a concert area, Retail, Dining, and Entertainment (RDE) Village, a business park, and a hotel with 775 rooms.

  6. Social Infrastructure:

    1. Peripheral Ring Road (PRR) and Satellite Town Ring Road (STRR): These projects will significantly improve connectivity between different parts of North Bangalore and other city areas. The PRR is already partially operational, and the STRR is under construction.

    2. Bellary Road Widening: This key road connecting North Bangalore to the city center is being widened from 6 to 8 lanes to ease traffic congestion.

    3. Proposed Medical Hub: The government plans to develop a 300-acre medical hub in North Bangalore, including private hospitals, diagnostic centers, and alternative medical centres.

Residences Booming in North Bangalore

The surge in commercial growth has led to a considerable rise in demand for residential plots and apartments. Some emerging investment destinations in North Bangalore include Hebbal, Devanahalli, Vidhyaranyapura, Yelahanka, Thanisandra, Jakkur, HRBR Layout and Hennur. These areas offer exceptional housing projects to fulfil every homebuyer's wish, from affordable projects to luxury dwellings.

Concorde Antares is a testament to modern living within the vibrant cityscape in Yelahanka, Vidhyaranyapura. This upcoming apartment in North Bangalore comes with world-class amenities and facilities. This residential precinct is close to the bustling commercial and industrial hubs of Yelahanka and Peenya, ensuring connectivity to BIA airport, Yeshwanthpur railway station, and all parts of Bangalore.

In conclusion, North Bangalore offers many investment opportunities for buyers, with many new projects and developments coming up in the region. The property prices in the region have been appreciating steadily, making it an attractive destination for investors looking for high returns. If you want to invest in real estate, North Bangalore is a region to watch out for.

If you are looking for properties for investment in North Bangalore, check out Concorde to explore a diverse range of residential & commercial properties that cater to different preferences and investment goals.

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