Amid an ever-changing landscape characterised by innovation and economic vitality, Bengaluru stands as a shining symbol of India’s modern resurgence. What was once a regional juggernaut has now become a global hub for start-ups and economic development.
Globally, the city is a favourite among foreign investors and multinational corporations. It has ensured
that all businesses enjoy numerous infrastructure benefits and tax exemptions. This is why 80% of the world’s IT-ITeS titans have offices in Bengaluru. Additionally, the city wields substantial economic influence, which constitutes over 87% of Karnataka’s overall GDP. Notably, Bengaluru’s IT hub contributes 34% to 40% of India’s total IT exports. Numerous institutions have recognised Bengaluru as one of the most vibrant and advanced cities globally. Among various regions in the city, North Bengaluru has metamorphosed into a burgeoning economic and residential hub over the last few years.
Strategic location
North Bengaluru’s easy accessibility to Kempegowda International Airport is its undeniable advantage.
Not only has the airport’s growth revitalised this once-remote region, but it has also elevated it to a central cog in the city’s intricate mechanism. The presence of the KIADB Aerospace Special Economic Zone and KIADB IT Park has increased employment opportunities in the region. The proposed 65- kilometre Peripheral Ring Road will traverse Devanahalli via Ballari (Bellary) Road, enhancing connectivity.
North Bengaluru has become a hub for manufacturing, expanding business opportunities, IT enterprises, and dynamic aviation ventures. This evolution is exemplified by the expansive aerospace park in Devanahalli, which includes an aerospace-centric special economic zone (SEZ).
Residential Property Market Revival
North Bengaluru’s location at the intersection of industrial corridors and impending technology centres has prompted a massive influx of professionals to this burgeoning epicentre. The resounding demand for proximity to workplaces has resulted in a meteoric increase in real estate necessities and a proliferation of housing developments. This demand surge contributes to a remarkable return on investment due to the high earning potential of the expanding young workforce. The transformation of the northern region is exemplified by prestigious properties by credible developers that combine aspirational living with practical access. The rising rents further solidify North Bengaluru’s allure as a real estate investment opportunity.
Infrastructure Reconstruction
The complexities of North Bengaluru’s connectivity depict evolution and opportunity. The New Airport Road and SH-104 intricately connect premium eastern areas, while Ballari (Bellary) Road (NH-44) connects Devanahalli to the Outer Ring Road (ORR), bringing Yelahanka, Nagawara, and Hebbal closer together.
With the ongoing expansion of Namma Metro’s Phase 2B, thriving component manufacturing units
firmly establish North Bengaluru’s prominence. This expanded rail network bridge divides, attracting
institutions, medical facilities, retail locations, and substantial investments amid a steady increase in
passenger foot traffic.
Despite a price increase, North Bengaluru’s resilient real estate shines
The real estate market in North Bengaluru is a prime example of resilience. Data highlighting its exceptional performance in the face of price increases show that the housing market in North Bengaluru continues to draw both investors and end-users.
Unmistakably, today, the spotlight has shifted to North Bengaluru, indicating the beginning of a remarkable makeover. The region is on the verge of welcoming a burgeoning high-density residential community, shedding its suburban past, and adopting a dynamic new identity marked by flourishing commercial centres and upscale social establishments.
