Locality Trends in Devanahalli, Bangalore

One the most rapidly developing areas of Bangalore in the recent past has been Devanahalli. Located 40 kilometres away from the city, this municipality shot to prominence with the establishment of the Kempegowda International Airport 5 kilometres from here. This was followed by the establishment of the Devanahalli Business Park and two information technology parks in close proximity, which led to an almost overnight change in character of the town and surrounding areas. Today, Devanahalli is part of the 12,000-acre BIAL investment region. This vast acreage is tipped to be India’s largest IT region and has heralded a residential real estate boom in the neighbourhood. Currently, there is a financial city, an aerospace park, and a science park, among others, that are under development here. Devanahalli has excellent infrastructure in place and this is developing rapidly. The six-lane Bellary road boosts connectivity and accessibility to Devanahalli, one of the major perks of investing in real estate here. The proposed satellite ring road between Devanahalli and Doddaballapur will further boost this connectivity. The neighbourhood is also slated to be part of the phase 2 of the Bangalore Metro, which will further aid in connectivity and accessibility. The locality also has numerous reputed medical establishments in the vicinity such as Columbia Asia Hospital and several well-known educational institutions in the forms of schools and institutes of higher learning. Devanahalli also boasts of numerous hotels, restaurants, malls, and other areas of entertainment, which have given a further boost to the real estate of the locality. All major real estate development companies have recognized the potential of Devanahalli and its surrounding areas as a real estate investment region and have established their projects here with several more projects underway and in the planning stages. Devanahalli is slated to progress further as more and more buyers are recognizing the advantages of investing in real estate in this neighbourhood.

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