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North Bangalore, where the Prestige Marigold real estate is coming up, is known for its lush greenery and scenic landscape. One of the well-known developers like Prestige group is known for creating stunning properties in plotted developments spread over 50 acres. The well-planned houses that bring a community feel and modern apartments offer a perfect balance between practicality and nature. These still untapped locales are now on the radar of home buyers who see this as a good opportunity as investments involved are low, and the returns are higher.
Post the Covid-19 pandemic, real estate is still considered a safe investment with the world economy turning upside down. While Bangalore gave around 9% - 10% appreciation in ROI on real estate, Bangalore North, especially in the Devanahalli region, saw an appreciation of 30% plus in the last year.
While other locations have real estate residential property rates hovering around 9000 -10000 per sq. ft, a case in point is the electronic city phase 2, North Bangalore real estate property rates are half its price. Since the location is still developing, the current real estate rates remain attractive, but everybody knows it will rise steadily. It is especially true when considering the work from home concept, especially in the IT sector, which sees a hybrid work model in the future, leading to an influx of IT professionals moving to North Bangalore searching for job opportunities. The economy of North Bangalore has grown at a higher rate compared to other well-established locations in Bangalore. The young IT professionals in their early 20and 30s are looking for low ticket size apartments closer to their workplace, which has resulted in increased interest in plots like Prestige Marigold.
North Bangalore is now home to fast-growing residential localities like Yelahanka, Devanahalli, Hebbal, and Hanner Road. The Prestige Marigold residential project in Bettanahalli is in the neighborhoods of places like Hebbal and Devanahalli. The steady growth in urban areas has led to a faster appreciation in real estate prices. The growing employment opportunities in the surrounding IT industry have ensured the demand for properties and amenities remains bullish. The connectivity that was there before in the form of railways, bus services are now looking up to the upcoming metro developments that will play a significant role in connecting the workforce in the north-south corridor of Bangalore.
If you wish to invest in residential properties in North Bangalore, Prestige Marigold Group projects are the best to meet your standards for eco-friendly developments. These projects are developed keeping in mind the need for sustainable urbanization.