Real Estate Trends in Devanahalli

To the north east of Bangalore, 40 kilometres away, lies the town of Devanahalli. Located in Bangalore rural district, this town shot to prominence with the establishment of the Kempegowda International Airport 5 kilometres away. The development of this major air terminus brought with it an influx of personnel working at the airport into the locality and this in turn ushered in a rapid growth in the real estate of this once quiet and laidback town. The establishment of the airport was followed soon after by the development of the Devanahalli Business Park and two other IT parks in the locality adjoining the airport. Spanning nearly 400 acres, this further boosted the residential real estate of the neighbourhood with even more new residents looking at moving into the area in order to reside closer to their places of work. Currently, in addition to the development of several IT parks and offices of major corporates in the area, there is also the development of an aerospace park, a science park, and a financial city. The BIAL IT investment region which spans 12,000 acres also lies here. This region is touted to be the largest IT region in the country. All these commercial projects have resulted in the movement of a large population of those employed in these business hubs into the neighbourhood, which in turn has pushed up the demand for residential real estate here. With excellent connectivity via the six-lane Bellary road, which is slated to be improved further with the proposed development of the satellite ring road between Doddaballapur and Devanahalli, the residential real estate market here is thriving. All major developers have established projects here and are in the process of establishing more. Well-developed infrastructure of the area in terms of medical establishments of repute, well-known educational institutions, and numerous options for shopping and entertainment have further boosted the lucrativeness of Devanahalli as a real estate hub.

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