August 13, 2024
Why Ignoring North Bangalore Could Be a Missed Investment Opportunity
North Bangalore: The Hidden Gem You Can't Afford to Miss
Have you ever passed by North Bangalore and wondered about its rapid transformation? Once a quiet, underdeveloped area, it’s now brimming with potential, drawing attention from savvy investors who recognize a golden opportunity. With infrastructure projects like the expansion of Kempegowda International Airport and the upcoming Peripheral Ring Road, North Bangalore is not just catching up; it’s racing ahead. Whether you’re a first-time buyer or an experienced investor, the growth here is hard to ignore, and the time to act is now.
In this blog, we’ll explore why North Bangalore should be on your radar, where you should consider investing, and how you can maximize your returns.
1. Growth of North Bangalore: A Game Changer
The growth story of North Bangalore is nothing short of remarkable. Over the past few years, massive infrastructure projects have come to life, including the expansion of Kempegowda International Airport and the upcoming Peripheral Ring Road. These developments haven’t just made North Bangalore more accessible; they’ve also driven up the demand for real estate, making it one of the most promising investment destinations in the city.
In this dynamic landscape, Jitendra Virwani, the Chairman and Managing Director of the Embassy Group, is making significant strides. Known for his visionary approach to real estate, Virwani’s strategic investments in North Bangalore underscore his belief in the region’s potential.
Embassy Group Founder: Jitendra Virwani
Jitendra Virwani established the Embassy Group in 1993 and has since been a leading figure in Indian real estate. With over three decades of experience, Virwani has guided the Embassy Group to develop numerous iconic projects such as Embassy GolfLinks, Embassy TechVillage, and Embassy Lake Terrace. His leadership has earned him recognition as one of the most influential figures in the industry.
Investment in North Bangalore: Strategic Vision
Context of Investment: While East Bangalore, with areas like Whitefield and Electronic City, has traditionally been a hotspot for real estate investment, North Bangalore is emerging as a significant area for development. This shift in focus by prominent real estate developers, including the Embassy Group, highlights a strategic move towards exploring new growth areas.
Reasons for Investment in North Bangalore:
- Strategic Location: North Bangalore’s proximity to the Kempegowda International Airport and the development of major infrastructure projects like the Peripheral Ring Road make it an attractive destination for both residential and commercial investments.
- Infrastructure Development: Significant infrastructure projects are underway, which are expected to enhance connectivity and boost the overall appeal of the area. The development of IT parks, business hubs, and residential complexes is anticipated to create a high demand for real estate.
- Future Growth Potential: The region is viewed as having substantial future growth potential. With ongoing developments and improved connectivity, North Bangalore is likely to experience a surge in property values and demand. Investing early in such areas can offer substantial returns in the long run.
- Diversification Strategy: For established developers like Embassy Group, diversifying investments into emerging markets like North Bangalore helps balance their portfolio and capitalize on untapped opportunities, reducing dependency on already saturated markets.
Recent Statements and Thoughts:
In recent news, Jitendra Virwani emphasized his long-term vision for North Bangalore. He noted that while East Bangalore has seen significant growth, North Bangalore represents a new frontier with immense potential. Virwani highlighted that ongoing infrastructure projects and strategic developments will position North Bangalore as a major growth corridor in the coming years.
Quotes and Insights:
- On North Bangalore’s Potential: “North Bangalore is set to become one of the key growth areas for real estate in the future. The strategic infrastructure projects and the development of major business hubs will drive demand and significantly enhance the region’s appeal.”
- On Diversification: “Investing in emerging markets like North Bangalore allows us to explore new opportunities and contribute to the region’s growth while balancing our portfolio.”
Jitendra Virwani’s investment in North Bangalore is a strategic move that reflects his forward-thinking vision for real estate development. By focusing on this emerging region, he aims to capitalize on its future growth potential and contribute to shaping its real estate landscape. The Embassy Group’s commitment to North Bangalore highlights the dynamic nature of real estate development and the opportunities it presents.
If you’re wondering where to invest in North Bangalore, a few localities stand out for their potential returns. Hebbal, Yelahanka, Devanahalli, Thanisandra and Hennur Road have all emerged as prime real estate destinations, thanks to their proximity to major IT hubs, excellent connectivity, and availability of modern amenities. Whether you’re looking for residential or commercial properties, these areas offer a diverse range of options that cater to different types of investors. here are some of the Projects to be considered
Thanisandra Road:-
Purva Atmosphere
TVS Isle of Trees
Sumadhura Epitome
Nikoo Homes
Prestige Camden Garden
Orchid Salisbury
Assetz Soho & Sky
Sobha Dream Gardens
Sobha HRC Pristine
Sobha City
Brigade Bricklane
Orchid Piccadilly
Century Breeze
Assetz Here & Now
Bharatiya The Leela Residences
Brigade Northridge
Yelahanka:-
Concorde Mayfair
Sattva exotic
Shriram
Brigade Insignia
Arvind Bel Air
Satva Exotic
DS Max Synergy
Adarsh Savana
Prestige Monte Carlo
Godrej Avenues
Sobha Althea
Prestige Royal Gardens
Century Artizen
Prestige Garden Bay
Hebbal Road :-
Lodha Mirbella
Brigade Laguna
L & T Raintee Boulevard
Embassy Lake Terraces
Century Ethos
Purva Zenium
Brigade Caladium
L&T Olivia
Prestige Misty Waters
Sobha Petunia
Godrej 17
Embassy One
Hennur Road :-
DNR Park Link
Kolte Patil lakeside 24
Radiance Floresta
Sattva La vita
Total Environment in that quiet earth
Kumar Prospera
Salarpuria Sattva Northland
Salarpuria Sattva Gold Summit
Sobha Victoria Park
Purva Palm Beach
Assetz Soul and Soil
Orchid Greens
Salarpuria Sattva Aspire
Adarsgh Wisteria
3. Residential Real Estate: A Market on the Rise
The residential real estate market in North Bangalore is booming, driven by the influx of professionals working in nearby tech parks and SEZs. Whether you’re in the market for a luxurious villa or an affordable apartment, North Bangalore has something for everyone. Projects like Embassy Lake Terraces and Brigade Eldorado have already attracted a lot of attention thanks to their prime locations and state-of-the-art amenities.
If you’re a first-time homebuyer, these developments offer a fantastic opportunity to invest in a growing market. And if you’re an experienced investor, you’ll appreciate the potential for long-term appreciation and rental income in these rapidly developing areas.
The graph illustrates the fluctuations in average property prices across various localities in North Bangalore over different quarters. This feature allows buyers and tenants to compare property prices across different localities and societies, providing valuable insights for informed decision-making.
4. Commercial Real Estate: A Sector on the Brink of a Boom
As major companies and IT giants continue to set up shop in North Bangalore, the demand for commercial spaces is skyrocketing. Investing in commercial properties in areas like Hebbal and Devanahalli could lead to substantial returns through rentals and long-term appreciation. With business parks and SEZs springing up across the region, the economic potential of North Bangalore is only going to grow.
Siemens Information Systems Ltd
Oracle India Pvt Ltd
Mindtree Ltd
Cognizant Technology Solutions
L&T Technology Services
Mphasis Limited
Tech Mahindra Ltd
HCL Technologies Ltd
Wipro Technologies
IBM India Pvt Ltd
IBM India Pvt Ltd
Accenture
Tata Consultancy Services (TCS)
Capgemini India Pvt Ltd
Infosys Limited
Intel Technology India Pvt Ltd
DXC Technology
Dell Technologies
5. The Impact of Infrastructure Development
The real estate boom in North Bangalore is being driven by its robust infrastructure development. The Peripheral Ring Road is set to enhance connectivity to major parts of the city, while upcoming metro line extensions will further boost property values. Additionally, the expansion plans for Kempegowda International Airport are expected to attract more businesses to the area, increasing demand for both residential and commercial properties.
The real estate boom in North Bangalore is being driven by its robust infrastructure development. Here’s a closer look at the key projects contributing to this growth:
- Peripheral Ring Road (PRR)
- Overview: The PRR is designed to enhance connectivity by linking major parts of the city with a ring road that circumvents Bangalore’s central areas.
- Impact: This development will significantly reduce travel time, improve access to key localities, and increase property values in North Bangalore by making it more accessible.
2. Suburban Rail Project (SRP)
- Overview: The SRP aims to provide a suburban rail network connecting various parts of Bangalore, including North Bangalore, to the city’s core and other important areas.
- Impact: The SRP will facilitate efficient commuting, ease traffic congestion, and further enhance property attractiveness and value due to improved connectivity.
3. Kempegowda International Airport (KIA) Phase 2 Expansion
- Overview: The expansion involves the construction of a new terminal and additional runways to accommodate increased passenger and cargo traffic.
- Impact: The expansion is expected to handle up to 50 million passengers annually and will boost North Bangalore’s connectivity, drawing more businesses and increasing demand for residential and commercial properties.
4. Satellite Town Ring Road (STRR)
- The Satellite Town Ring Road (STRR) is a 204 km infrastructure project designed to enhance road connectivity within Bengaluru and its neighboring regions. Originally conceived by the Government of Karnataka, the STRR received renewed momentum when it was reclassified as National Highway (NH) 948A under the National Highways Authority of India’s (NHAI) ‘Bharat Mala Pariyojana.’
- Bengaluru, being a hub for several national and state highways, experiences heavy commercial traffic that often congests city roads. This is primarily due to insufficient road infrastructure, leading to significant traffic jams. The STRR aims to alleviate this issue by diverting commercial traffic away from the city, significantly benefiting the manufacturing and logistics sectors. This will streamline the distribution and transport of goods across Karnataka.
- The proposed six-lane STRR corridor will traverse three districts in Karnataka (Bengaluru Rural, Bengaluru Urban, and Ramanagara) and one in Tamil Nadu (Krishnagiri), offering high-speed connectivity to the upcoming Bangalore-Chennai Expressway.
6. Why You Should Keep an Eye on North Bangalore
Ignoring North Bangalore as an investment destination could mean missing out on one of the city’s fastest-growing real estate markets. With its rapid development, strategic location, and surging demand for both residential and commercial properties, North Bangalore presents a prime opportunity for investors seeking high returns.
Upcoming North Bangalore Tech Parks are poised to further enhance this appeal. These new tech parks include:
- Embassy Manyata Extension Nagawara (Estimated Completion: 2024)
Located in Nagawara, the Embassy Manyata Extension is set to be an expansion of the iconic Manyata Tech Park. This extension will provide additional world-class infrastructure for businesses and startups.
2. Ebisu Tech Park (Estimated Completion: 2025)
Adjacent to Nagawara, the Ebisu Tech Park is another addition to the tech ecosystem in North Bengaluru. It promises to offer a conducive environment for innovation and growth.
3. Hines Uptown (Estimated Completion: 2026)
Hines Uptown, also situated in Nagawara, is expected to contribute significantly to the city’s tech-driven economy. Its modern design and amenities are likely to attract tech companies and startups.
4. Shriram Hebbal 1 (Estimated Completion: 2024)
Hebbal is set to welcome the Shriram Hebbal 1 tech park in 2024. This development reflects the city’s northward tech expansion.
5. Prestige Waterfront (Estimated Completion: 2025)
Nagawara continues to be a hotspot for tech growth with the Prestige Waterfront tech park. It promises to offer stunning views and a dynamic workspace.
6. Prestige Century Landmark (Estimated Completion: 2025)
Hebbal’s Prestige Century Landmark is another jewel in the crown of North Bengaluru. It’s expected to provide a premium tech park experience.
7. Century Downtown (Estimated Completion: 2024)
Byatarayanapura is gearing up for the Century Downtown tech park, promising a vibrant ecosystem for businesses.
8. Bagmane Sierra Business (Estimated Completion: 2025)
Yelahanka will also be home to the Bagmane Sierra Business tech park, offering a range of opportunities for tech enthusiasts.
9. District Embassy Business Hub (Estimated Completion: 2024)
The Embassy Business Hub in Yelahanka is designed to be a thriving district for tech and innovation.
10. CapitaLand IT Park (Estimated Completion: 2025)
Yelahanka’s tech ecosystem will receive a boost with the CapitaLand IT Park.
11. North Gate Phase 2 (Estimated Completion: 2025)
Phase 2 of North Gate in Yelahanka promises to continue the success of this tech park.
12. Puravankara Business Park (Estimated Completion: 2026)
Chikkajala is set to host the Puravankara Business Park, adding to the city’s tech infrastructure.
13. Divyasree Tech Space (Estimated Completion: 2026)
Devanahalli will see the rise of the Divyasree Tech Space, contributing to the region’s growth.
14. Prestige Tech Cloud Park (Estimated Completion: 2024)
Located near the airport toll plaza, the Prestige Tech Cloud Park aims to provide convenient connectivity.
15. DivyaSree Avance (Estimated Completion: 2025)
Hennur Road’s DivyaSree Avance tech park is set to be a hub for innovation.
16. Bhartiya City IT Park Extension (Estimated Completion: 2024)
The Bhartiya City IT Park Extension on Thanisandra Road will cater to the city’s tech needs.
17. Century Business Park and Township (Estimated Completion: 2027)
Yelahanka’s Century Business Park and Township will provide a holistic tech ecosystem.
18. Brigade World Trade Center (Estimated Completion: 2027)
Devanahalli’s Brigade World Trade Center is expected to be a global business destination.
19. Embassy Knowledge Park (Completion Date: To Be Determined)
The Embassy Knowledge Park in Chikkajala is poised to be a center for knowledge and innovation.
20. SAP Labs (Estimated Completion: 2025)
Bagalur’s SAP Labs is set to contribute to the city’s tech prowess.
21. Boeing (Estimated Completion: 2024)
Boeing’s presence in Bagalur will add aerospace expertise to the city’s tech landscape.
22. Technology Innovation International Park (Estimated Completion: 2024)
The Technology Innovation International Park in Bagalur will be a hub for cutting-edge tech.
23. Bengaluru Aerospace Park (950 acres) (Completion Phases: Phase 1 by March 2024 & Phase 2 by Dec)
This massive aerospace park in Bagalur is set to attract global aerospace companies.
24. Bengaluru Signature Business Park (407 acres) (Estimated Completion: 2024)
Devanahalli’s Bengaluru Signature Business Park promises to be a signature destination for businesses.
25. Foxconn Technology Group
This mega project will be sprawling in 300 acres in Doddaballapur and Devanahalli. The estimated completion is yet to be declared.
As these tech parks come to life, they are expected to create countless opportunities for businesses, startups, and tech enthusiasts, further propelling Bengaluru’s status as a global tech hub.
These developments are set to attract numerous companies, create job opportunities, and drive significant demand for housing and commercial spaces in North Bangalore. Whether you’re a first-time buyer or an experienced investor, North Bangalore offers a wealth of opportunities to grow your wealth.
Conclusion: Seize the Opportunity in North Bangalore
North Bangalore is no longer the hidden gem it once was—it’s now a shining star in the Bangalore real estate market. From robust infrastructure to rising demand and diverse investment opportunities, this area is poised for continued growth. Don’t let this opportunity pass you by. Explore prime projects in North Bangalore today, and secure your place in one of the most promising real estate markets in the city.
Explore our exclusive listings in North Bangalore,
Thanisandra
AerospacePark
Bagalur
Bhannargatta road
Battarahalli
Chandapura Jn
Devanahalli
Doddaballapura
Dr. Rajkumar Road
GKVK Road
Hebbal
Hosa Road
Hosahalli
Hosur Road
HSR Layout
Indiranagar
IVC Road
Jakkur
Kanakapura Road
Kodathi
Kodihalli
Koramangala
KR Puram
Lalbagh Road
Mysore Road
Panathur
Rachenahalli
Rajajinagar
Sarjapur
Sarjapur Road
Varthur
Yelahanka
Yeshwanthapura
and discover the perfect investment opportunity. Contact Ven and Ventures for personalized real estate advice and investment strategies tailored to your needs.
Thanisandra
AerospacePark
Bagalur
Bhannargatta road
Battarahalli
Chandapura Jn
Devanahalli
Doddaballapura
Dr. Rajkumar Road
GKVK Road
Hebbal
Hosa Road
Hosahalli
Hosur Road
HSR Layout
Indiranagar
IVC Road
Jakkur
Kanakapura Road
Kodathi
Kodihalli
Koramangala
KR Puram
Lalbagh Road
Mysore Road
Panathur
Rachenahalli
Rajajinagar
Sarjapur
Sarjapur Road
Varthur
Yelahanka
Yeshwanthapura
and discover the perfect investment opportunity. Contact Ven and Ventures for personalized real estate advice and investment strategies tailored to your needs.
