The real estate market in India has been on an all-time high in the last few years, and has attracted many first-time investors to put their money into property. However, finding the right location can be a challenge, especially if you’re looking to buy in Bangalore North. To ensure that you find the right location and get great value for your money, here are some of the reasons why you should choose North Bangalore as your real estate market option.
Despite the fact that Bangalore is one of the busiest and fastest-growing cities in the country, one particular region has contributed tremendously to the growth of its economy: North Bangalore. Thousands of IT professionals are receiving lucrative employment opportunities in North Bangalore due to burgeoning IT giants. The combination of this with excellent infrastructure, seamless connectivity, and a great climate all year round make North Bangalore an ideal place to live.
The North Bangalore region is recognized for its exceptional social facilities with acclaimed educational institutions, shopping, entertainment centers, restaurants, and hotels conveniently in the vicinity. Two of the top schools here are Delhi Public School and Akash International School, making it a desirable place to call home. Along with a well-known area, such as Manyata Embassy Business Park in North Bangalore, this locality has experienced a posh influx of IT professionals.
You can commute easily and conveniently from North Bangalore thanks to its flyovers and adequate roads such as the Outer Ring Road and Bellary Road that connect you to all parts of the city at all times. Furthermore, Kempegowda Airport is just outside the city limits, making business travel even easier. In addition, the planned metro development will greatly enhance convenience and accessibility in the north of the city.
Variety of developments
If you are considering a house in North Bangalore, you will have many excellent options available to you, as the region is known for its lush greenery and scenic landscape. Developers are not wasting any time, taking every opportunity to create breathtaking houses with unmatched views. Homebuyers in the North Bangalore area have a lot of options. You can go for the sense of community from row houses that provide enough privacy or practicality from a modern apartment that still offers luxury. Alternately, you can go for an apartment within a plotted development that takes less investment but still provides a good return.
Good appreciation rates
Since the area is still developing, real estate rates in North Bangalore are expected to rise steadily. This is especially true, keeping in mind the impact of the pandemic on future housing projects. With the influx of IT professionals moving to North Bangalore in search of job opportunities, the economy of North Bangalore has soared at a higher rate when compared to other well-established localities in the city. Due to this, homeowners in North Bangalore have the added benefit of enjoying faster appreciation rates.
Furthermore, North Bangalore is home to many fast-growing residential localities like Hebbal, Devanahalli, Yelahanka, and Hennur Road. Neighbourhoods like Hebbal and Devanahalli have played a vital role in the growth of real estate in North Bangalore with skyscrapers that are known to be landmarks on their own. Burgeoning areas like Yelahanka and other localities in North Bangalore are the best places to invest in right now due to the fast appreciation levels accompanied by steady urban growth. Even if you are not planning to rent out your property and are considering buying a home in North Bangalore to move into, the fast-growing economy will benefit you and your family since you will be based out of a prime locality.
If you are looking to invest in residential properties in North Bangalore, make sure you Take a look at Prestige Marigold Property Group for eco-friendly developments that are built keeping sustainable urbanisation in mind.
The Prestige Marigold project is a futuristic project built by the Prestige group keeping in mind the shift of the industrial, government SEZ, and expanding IT industry along with the new kid on the block, the Startups. North Bangalore will be the new Destination. The international airport here means the first entry to Bangalore will be at this location only. The massive job infrastructure being built here with new Tech Parks, SEZ’s, financial hub means the existing Bangalore workforce is shifting to North Bangalore along with massive migrants from other parts of the country for job opportunities.
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