Neighbourhood Watch – Devanahalli, Bangalore

Over the years, Devanahalli has gone from an unknown town to a major IT hub. The hometown of legendary leader Tipu Sultan, Devanahalli used to be a historic town along Nandi Hills in the rural district of Bangalore, until the IT boom in Bangalore.

Today, Devanahalli stands at the brink of evolving into an Information Technology hub, with a plan of generating more than 300000 jobs in the time to come.

Connectivity
Devanahalli is 35 kilometres to the north east of Bangalore City. It is located on National Highway 7 which is also known as Bellary Road or Bangalore Hyderabad Highway. The stretch on National Highway 7 from Hebbal to Devanahalli is being expanded to 6 lanes and 7 new flyovers are being constructed to reduce the travel time to airport, which is one hour as of now to less than 20 minutes. Apart from this, the Bangalore Metro is also projected to connect to the adjoining Devanahalli Airport in its second phase. Devanahalli enjoys excellent connectivity to Bangalore as well as nearby areas like Marayanakanahalli, Hebbal and K.R.Puram.

Real Estate in Devanahalli
The development of real estate in Devanahalli is evident in the actual progress in construction. The current developments, which comprise office spaces, corporate hubs and IT parks are expected to be completed by 2017, and there are several others which are coming up.

Currently, property in Devanahalli is dominated by plots which are available at affordable prices ranging between Rs. 900 and 1,100 per sq. ft. Apart from these, a few Tier-A townships also exist, but most of them are sold out with limited options available for buyers.

There are several IT parks and office complexes coming up in Devanahalli, some of which include the BIAL IT Investment Region, Devanahalli Business Park, Aero SEZ IT and Hardware Park and IFCI Finance City. With so many jobs being created, one can foresee a huge scope for the development of real estate in Devanahalli. Some of the important residential properties in Devanahalli include Divyasree Valley of Wind, Prestige Golfshire, Divyasree Nest, Sobha Lifestyle, Ozone Urbana, Hiranandani Upscale and Brigade Oak Tree Palace.

Investor Tip
We recommend investing in plots around Aerospace Park or the upcoming housing projects which come at prices ranging between Rs. 3,000 and 3,500 per sq. ft. The prices are expected to rise 2–3 times over the next 5 years with the completion of infrastructure projects.

For information about builders and properties in Devanahalli and Bangalore visit PropTiger.com