Appreciation Rates: As the region is still developing, homeownership rates in northern Bangalore are expected to increase steadily. This is especially true, given the impact of the pandemic on future housing projects. With the influx of IT professionals moving north to Bangalore in search of employment opportunities, the economy of North Bangalore has soared compared to other well established locations in the city. For this reason, homeowners in North Bangalore have the added benefit of enjoying faster appreciation rates.
In addition, North Bangalore is home to many fast growing residential areas such as Hebbal, Devanahalli, Yelahanka and Hennur Road. Neighborhoods like Hebbal and Devanahalli have played a central role in the growth of the real estate sector in northern Bangalore with skyscrapers known to be landmarks on their own. Prosperous areas such as Yelhanka and other places in northern Bangalore are the best places to invest right now due to rapid appreciation levels accompanied by constant urban growth. Even if you do not plan to rent out your property and are considering buying a house in North Bangalore to relocate, the rapid growth of the economy will benefit you and your family as you will be based in a prime location. .
If you are looking to invest in residential real estate in North Bangalore, be sure to visit Assetz Property Group for environmentally friendly developments built with sustainable urbanization in mind. You can also read our blog on how real estate will continue to be a safe investment option after COVID19 to learn more.
Development rate: When it comes to buying a home in North Bangalore, you are spoiled for choice. As the locality is known for its lush greenery and picturesque landscape, the developers spare no effort to create stunning properties that complement the picturesque backdrop that accompanies it. Charming townhouses which give a sense of community and at the same time offer you great privacy for modern apartments which strike the balance between luxury and functionality - you have a wide range of properties to choose from. Homebuyers are also considering the developments planned in and around northern Bangalore due to the lower investment involved and higher returns.
Connectivity: Travel is easy and affordable in northern Bangalore. The location offers a labyrinth of viaducts and manicured roads such as the Outer Ring Road (OTT) and Bellary Road that help you stay connected to the main areas of the city at all times. Kempegowda Airport is also located just on the outskirts, making business travel even more convenient and quick. In addition, future metro developments will contribute immensely to the seamless connectivity enjoyed by residents of northern Bangalore.
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