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Devanahalli is the most robust real estate market in Bengaluru. The locality is situated 40 km to the northeast of the city. It is the site of Kempe Gowda International Airport (BIA). It also hosts top IT Parks and corporates. The outset of BIA led to the remarkable growth of this locale. Devanahalli shifted from a quiet outskirt of the city to a popular realty hub of the city. The site saw a mega growth over the past few years. The infra growths quickly shaped up. Domestic and international investments rapidly pitched into the locality. Today, Devanahalli is one of the most solicited realty sites in the state.
Devanahalli is connected to prime locales of the city thru Bellary Road. Bellary Road is the main link lane in this area. Also known as NH 44, this 6-way signal- free lane connects Devanahalli to the Outer Ring Road (ORR). Thru this road, the area is connected to prime locales like Hebbal, Nagawara, Yelahanka, and Jakkur.
Devanahalli is connected to the locales of East Bangalore thru New Airport Road and State Highway SH 104. Prime areas like Whitefield and Sarjapur are easily accessible thru these link routes. BMTC buses are the major source of public transport. The upcoming Metro rail project is outlined to connect this zone from Central Bangalore as a part of Phase 2B. The metro rail link is referred to as the Blue line, which runs for 58 km. The line connects Central Silk Board in the South to BIA and will have close to 30 stations.
The locality is an emerging hub of economic activities. The proximity to the International Airport gives an extra spurt to this zone over its peers. The suburb hosts multibillion-dollar investment sites within its sphere. A few of the top
Devanahalli Business Park: This majestic work enclave is set over 400 acres. It includes IT & ITeS parks & SEZs built over a 50-acre plot. The central business district is developed over 35 acres. The Park also includes Aerospace Park, hospitals, a finance district, retail, and recreation, an office complex, and an aviation academy.
This project is set over 12,000 acres close to the Airport in the KIADB zone. ITIR premise is located around 15 km from BIA. This site is one of the largest infra projects in Karnataka. The site involves a partnership between the center, the state, and private partners. Over 55 MNCs and IT firms like Infosys, TCS, and Wipro will have their bases in ITIR.
This haven is one of the largest tech parks in the city, located in Hebbal. It is around 28 km from Devanahalli. The Tech park hosts several top firms, hotels, and residential communities within its scope.
A few top firms within this campus are:
The area is swiftly raising its social circle. Devanahalli has easy access to schools, colleges, hospitals, and leisure hubs.
The realty market of Devanahalli has seen huge demand in the recent past. The presence of top realty brands here makes the market more appealing to investors. Top firms like Prestige, Brigade, and Godrej Properties have invested in developing large township projects here.
The region has acres of free land within its ambit. This feature has attracted big realty firms to this area. The firms focus on launching into big townships, retail outlets, and hospitality hubs here. The housing projects offer luxury flats, villas, row houses, and plots in various sizes. The diverse price spectrum of these housing forms lets the investor choose their option as per their budget specs.
In the next 5 years, Devanahalli is expected to be the most comprehensive work hub of the city. With huge SEZs and Tech Parks being set up in its vicinity, the workforce numbers will see a good rise. The demand for residential properties will raise with the growing populace. The demand for rental properties will also perk up.
The current prices of the assets range between INR 4,260 – INR 8,342 per sq. ft. The plots make up 46% of the property distribution. Flats take the second spot with 40%, and villas make up 14%.
The region is shaping up to become the prime job hub of the city. Projects like the KIADB Aerospace Special Economic Zone and KIADB IT Park bring huge job benefits. This, in turn, has perked the demand for flats, villas, and plots. The projects like BIAL IT Investment Region and Global Financial District have helped Devanahalli to become a top job hub of the city.
The upcoming road project like PRR or the Peripheral Ring Road will pass through Devanahalli via Bellary Road, aiding smother connectivity with eastern Bengaluru. This pathway will span over a length of 65 km.
The Phase 2 Blue line Metro Rail link will connect the North and south zones of Bangalore. This project will ease the commute access and further aid in the growth of this area.
These upcoming projects will outpost the real estate market of Devanahalli for better growth in the long term.