North Bengaluru – A growing corporate hub of Bengaluru
With urbanisation and development of cities across India progressing at a rapid rate, many corporate giants are looking for prime areas in cities where they can set up camp. Over the last few years, Bengaluru has witnessed an unprecedented software boom, making it the IT capital of the country. This sudden growth in the Bengaluru IT industry, has put the spotlight on a particular area of the city which has been seeing huge investments lately: North Bengaluru. A number of emerging localities in North Bengaluru like Hebbal, Hennur and Yelahanka are becoming technological centres and real estate investment hotspots. Let’s find out why.
The Northern part of Bengaluru is extremely well-connected to the other parts of the city. The plethora of unbeatable transportation services in the locality provides seamless connectivity. This has played a major role in shaping North Bengaluru as a growing corporate hub. The Kempegowda International Airport located in Devanahalli is only a 30-minute drive from Hebbal via the Bellary Road. The Namma Metro which is currently being built in stages has also considerably improved the connectivity of North Bengaluru to other areas in the city. The metro line connects areas like Hebbal and Jakkur to central localities like MG Road. The BMTC buses offer a low-cost, convenient way for people to commute to and from North Bengaluru. The buses have a number of routes which connect North Bengaluru to various other areas in the city like Majestic and Marathahalli.
High-Quality Social Infrastructure
Hebbal in North Bengaluru recently came under the ambit of Bruhat Bengaluru Mahanagara Palike (BBMP), speeding up development in the locality. The fast-paced technological growth in areas like Hebbal and Yelahanka has been complemented by rapidly improving social infrastructure in these areas. The presence of highly-reputed schools like The Canadian International School, DPS and Vidya Niketan has encouraged more families to move to North Bengaluru. The Columbia Asia Hospital in Hebbal also provides high-quality medical services to residents of North Bengaluru.
North Bengaluru’s growth has advanced in a more controlled manner than the development of other parts like East and South Bengaluru. This is why, North Bengaluru remains one of the greenest parts of the city, with natural features like the Lumbini Gardens, Hebbal Lake and Jakkur Lake remaining pristine and untouched. The superior quality of life offered in North Bengaluru has undoubtedly contributed to its emergence as the technological hub of the city.
Appreciating Market Rates
With the improvement in infrastructure and investments pouring in from huge corporations, property values in North Bengaluru are appreciating at a rapid pace. The setting up of Manyata Tech Park in Hebbal further boosted investments as companies like IBM, Microsoft and Cognizant opened their offices here. The arrival of these companies and others has made Hebbal a hot investment destination. Since the North Bengaluru IT hub is still undergoing development, property prices here are much more affordable than they are in central areas of the city. But the rising property trends are a strong indicator that prices are only going to go up from here. This has made Northern Bengaluru a very popular destination for real estate investors in both the residential and the commercial sector.
There is no doubt that the North Bengaluru IT industry growth is a major contributor towards the development of its real estate. The large magnitude of IT Parks and commercial companies in North Bengaluru has led to many individuals flocking to this locality in search of a job. This has played an important role in generating demand for good housing options. In order to cater to this demand, highly-reputed builders like Sterling Developers have unveiled many luxurious residential projects in North Bengaluru, like Hebbal. Buying a home in North Bengaluru can also pay for itself as the assured flow of tenants can help you earn income through rent.
While buying a house, it is always good to invest in a property built by a reputed builder. Sterling Developers have more than 23 residential projects across Bengaluru, of which, eight are in the North Bengaluru region. Make sure you head out Sterling Pointe – a new development of luxury apartments in Hebbal, with stellar amenities and world-class facilities. You can also check out our detailed blog on Bengaluru’s real estate investment guide for NRIs for further insights. Contact Sterling Developers today and find a house you can call home.