Barr Skriver posted an update 1 year, 6 months ago
Originally envisaged being a satellite capital of scotland- Bangalore city, Yelahanka is among the most preferred destinations in North Bangalore the real deal estate investors today. The suburb has gained phenomenal momentum as soon as the Bangalore Air-port (BIAL) in Devanahalli had become.
Included in the Bruhat Bangalore Mahanagara Palika (BBMP), Yelahanka is just 19 kilometers through the BIAL and 14 kilometers from downtown Bangalore. The region has witnessed significant boost infrastructure previously 5yrs.
Yelahanka has been doing radar of home buyers since a while. The area’s proximity with a variety of technology parks, housing many of the biggest MNCs that operate in the city, is a key reason for professionals choosing this locality to buy their properties. Yelahanka is extremely near to Hebbal, which includes some good universities, and also hospitals and malls. However, real estate in Hebbal is way not affordable for mid-level buyers. Hence Yelahanka is the perfect decision for them. The region can be perfectly linked to the greater city via road and rail. The planned peripheral ring road (PRR) is expected to operate to be replaced by the residential areas in Yelahanka too.
To tap the possibilities of this region, numerous property developers are offering residential apartments in Yelahanka, Bangalore. However, property prices of this type have witnessed a regular appreciation of 8-10% in latter years. Hence, everyone is buying property in the Yelahanka-Devanahalli stretch for long-term investment purpose too, as prices are anticipated to appreciate more soon.
On analyzing the current prevalent market rates towards the property rates people are willing to pay; micro markets of Electronic City and Yelahanka are closest to buyer’s pricing expectations.
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