The initial years of 2000s saw not much development in Bangalore north beyond Anandnagar. The area was not much explored. What was seen was huge expanses of barren land laden with trees lined up which led the highway towards Andhra Pradesh. Devanahalli fort was the only known landmark in the area. The north of Bangalore was brought into the focus with the relocation of the airport. In this area, in the past five years, residential property development has taken off like anything. It has seen a host of housing options.
According to the CEO – Asia Pacific, Vestian Global Workplace Solutions, he states that before 2008, the residential areas in Bangalore north were primarily centered around Yelahanka. But after the location of airport moved to the North of Bangalore, the whole section from Hebbal northwards saw increased interest from many developers. In a short period of time, micro-markets like Thanisandra Road, Hennur Road, Bagalur Road, Yelahanka and Bellary Road witnessed huge increase in steady improvement in infrastructure, commercial activity and also saw gain in most visibility as flourishing residential markets.
Infrastructure and growth
The elevated expressway to the airport, the Devanahalli Business Park, the Aerospace Park and the Hardware Park are some huge infrastructure projects which are slated to shape the growth path of Bangalore north in the short to medium terms.
The Vestian’s real estate report states that in the sprawl of the accumulation of neighbourhoods which are categorized under Bangalore north, mid-segment options ranging between Rs. 40-70 lakhs are hugely placed on Thanisandra Main Road, Hennur Main Road, Bagalur Road and Yelahanka currently. The primary factors for the residential growth in these areas are the availability of large land parcels, improving infrastructure and proximity to the ORR.
According to the Vestian’s report, it states that budget residential choices ranging up to Rs 35 lakhs are currently located in and around Doddaballapur Road and off Bellary Road. Moreover, according to a senior executive from Jones Lang LaSalle India, the north-east quadrant of Bangalore is coming up as one of the hotspots for affordable housing projects. This is primarily due to availability of land at comparatively economical prices. The present and proposed infrastructure developments, very convenient contact to the airport and to the IT hubs in Hebbal and Whitefield are leading to the rise of budget homes.