Devanahalli: The Emerging Real Estate Hotspot of Bengaluru
A Future Business and Residential Hub
Devanahalli, once a quiet suburb on the outskirts of Bengaluru, is now on the fast track to becoming a prime real estate destination. With robust infrastructure development and significant investments in technology and business parks, the area is evolving into a major economic hub. Often compared to Gurugram, Devanahalli is witnessing rapid transformation, making it an attractive location for both investors and homebuyers.
Key Infrastructure Developments Driving Growth
Several large-scale infrastructure projects are shaping Devanahalli’s growth, including:
- Kempegowda International Airport Expansion: The airport’s continued development is attracting businesses and creating job opportunities, leading to increased housing demand.
- Satellite Town Ring Road (STRR): This crucial road network is enhancing connectivity between Bengaluru and its surrounding regions, making commuting more convenient.
- Proposed IT and Business Parks: With multiple tech parks in the pipeline, Devanahalli is emerging as a new hub for corporate offices, tech companies, and startups.
Experts predict that Devanahalli’s real estate potential will continue to rise, provided there is consistent infrastructure expansion, employment growth, and investor confidence.
Real Estate Trends in Devanahalli
The real estate market in Devanahalli has experienced steady appreciation over the past few years. Property prices have increased by 15-20% in the last two years, and experts forecast an annual growth of 8-12%.
According to industry reports:
- Plot prices range between ₹5,000 – ₹7,000 per sq ft, depending on the location.
- Premium areas near STRR see resale prices of up to ₹9,000 per sq ft.
- Apartment prices start at ₹75 lakh and go up to ₹4-5 crore, depending on the project and amenities.
- Villa projects near IVC Road are listed at around ₹5 crore for 3,400 sq ft homes.
With such promising trends, Devanahalli is expected to attract more developers, with a focus on integrated townships, premium residential projects, and commercial hubs.
Housing Projects and Investment Potential
Several reputed developers have launched ambitious projects in Devanahalli:
- Arvind SmartSpaces Limited successfully sold out its residential plotted development, generating sales worth ₹180 crore.
- Brigade Group launched ‘Ebony at Brigade Orchards,’ offering 230 luxury apartments.
- Sattva Group pre-sold nearly half of its premium plots in ‘Sattva Bhumi’ before the official launch.
- Ready-to-move-in options like Sattva Cubix, Godrej Royal Woods, and Brigade Orchard Goldsphire offer modern housing solutions.
With property appreciation rates between 15-20% annually, Devanahalli presents an excellent investment opportunity for buyers and developers.
Rental Market and Demand Surge
As corporate investments pour in, rental demand has surged. A 2BHK apartment that rented for ₹18,000 per month last year now fetches ₹25,000 per month. This growth is expected to continue as more professionals relocate closer to upcoming tech parks and industrial zones.
Major Corporate Investments Boosting Growth
Devanahalli’s rise as a business hub is backed by key corporate relocations:
- Amazon India has moved its office operations closer to the airport, increasing housing demand.
- Foxconn acquired land for an iPhone manufacturing unit, further driving real estate investments.
- The proposed deep-tech park in nearby Jangamakote is expected to bring space technology, EV manufacturing, and semiconductor industries to the region.
Future Outlook: A Smart Investment Destination
The Karnataka government’s plans to extend the Namma Metro to Devanahalli will further enhance connectivity, making the area even more attractive for residential and commercial projects.
With its strategic location, growing infrastructure, and corporate investments, Devanahalli is rapidly shaping up as Bengaluru’s next big real estate hub. Whether you are looking for an investment opportunity or a dream home, now is the perfect time to explore Devanahalli’s booming real estate market.
Source Hindustan Times – Click Here
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