Areas in and around Yelahanka, Bellary Road and Doddaballapur Road are witnessing a huge demand. Land here is being purchased in bulk to for...
Areas in and around Yelahanka, Bellary Road and Doddaballapur Road are witnessing a huge demand. Land here is being purchased in bulk to form layouts, or build commercial complexes and resorts. Apartment complexes, gated communities and large integrated townships and villas are some of the projects that are being taken up by developers. Real estate developers here feel that increased connectivity because of the airport expressway will bring in a lot of new development to these areas. The most sought-after locations are towards the airport.
However, most of the land parcels available on the main road and off the main road are already held by developers and are in the design and planning stages. No developments have begun as yet, as the development plan for the airport region and surroundings is yet to be released. Plans for an airport city, with fully equipped business centers, restaurants and other facilities, has only added to the attraction.
Apart from all this, the promise of increased connectivity has made suburban areas more accessible, resulting in a growing demand for large parcels in these areas for commercial activity. The proposed Peripheral Ring Road and the five townships along this road are also key growth drivers. It's not surprising then, that Devanahalli, Yelahanka and the surrounding areas are being seen as new, emerging commercial hubs.
Afew years ago, villages in and around Devanahalli mostly had farm lands. However, real estate prices have skyrocketed ever since the proposal for a new international airport was made. Prices are at an all-time high on the Yelahanka-Devanahalli stretch, where the international airport is coming up. Plotted development varies between Rs 1,300 per sqft (near ITC) to 250 per sqft in Devanahalli Town and surroundings, according to Cushman and Wakefield. A villa was recently sold here for Rs 4 crores. These areas abound in plans for plotted developments like villas and gated communities as most of these properties are high-end. No one could have imagined this a decade ago. All you could find in these areas a decade ago were farms and vineyards.
Courtesy: Times of India Bangalore
However, most of the land parcels available on the main road and off the main road are already held by developers and are in the design and planning stages. No developments have begun as yet, as the development plan for the airport region and surroundings is yet to be released. Plans for an airport city, with fully equipped business centers, restaurants and other facilities, has only added to the attraction.
Apart from all this, the promise of increased connectivity has made suburban areas more accessible, resulting in a growing demand for large parcels in these areas for commercial activity. The proposed Peripheral Ring Road and the five townships along this road are also key growth drivers. It's not surprising then, that Devanahalli, Yelahanka and the surrounding areas are being seen as new, emerging commercial hubs.
Afew years ago, villages in and around Devanahalli mostly had farm lands. However, real estate prices have skyrocketed ever since the proposal for a new international airport was made. Prices are at an all-time high on the Yelahanka-Devanahalli stretch, where the international airport is coming up. Plotted development varies between Rs 1,300 per sqft (near ITC) to 250 per sqft in Devanahalli Town and surroundings, according to Cushman and Wakefield. A villa was recently sold here for Rs 4 crores. These areas abound in plans for plotted developments like villas and gated communities as most of these properties are high-end. No one could have imagined this a decade ago. All you could find in these areas a decade ago were farms and vineyards.
Courtesy: Times of India Bangalore
