Hello

I am Gijo Vijayan, real estate consultant and investor from Bangalore. I want to tell you about a golden opportunity for real estate investors in North Bangalore – Near Bangalore international Airport at Devanahalli in the coming years.

37 km Bangalore (Namma) Metro Phase 2B project is an under construction “airport-link” section of Blue Line from Bengaluru city to Kempegowda International Airport (KIAL) in Devanahalli with 17 stations.

As soon as this 37 km Airport metro (Blue Line (Namma Metro) route is complete, the real estate prices in this area is going to shoot up. It will happen in 2024 as per the government deadline.

See more information in Wikipedia.

Given below is the route information.

So, it is the right time to invest in this area (within 15km from the airport) for long term returns.

Why Buying behavior of IT professionals are moving towards the Airport?

Lockdown – work from home culture

With the pandemic, most workers went to a virtual office. No more need to commute in traffic. Nor be restricted to certain places for the job. This opens up opportunities for home seekers to invest wisely in north Bangalore.

·City Traffic and concrete buildings

Away from the hectic urban lifestyle, close to nature, plots in north Bangalore are a treat to self.

In recent studies, we found a spike in investment in this region. Due to numerous factors we have seen a sharp rise in demand. These factors are airport, emerging tech parks, enhanced connectivity, and real estate expansion, and also availability of space.

·North Bangalore has flourished in the last decade and is bound to develop further in the coming days. It is a fantastic investment destination. And the most exciting investment destination in Bangalore.

·North Bangalore is indeed one of the best places to live and invest in. Large roads to the Airport, connections from the ring road, the presence of many IT parks. They are the driving factors here. IT companies include Manyata, Ecopolis, and ITSEZ.

·Superior connectivity by road, land, and air

But investors typically face a dilemma when planning to invest in north Bangalore

Should I invest in the newer areas of Bangalore? Or areas marked by high growth potential and proximity to IT hubs? or with their green and developed older suburban localities of the city?

North Bangalore provides the best blend of both worlds for home buyers. Although most of the locations here are well-established. Adequate residence and the sudden flow of capital from the IT sector are increasing. This also gives them a refreshing breath of life.

Investment Hubs:

Some of major Announcement of upcoming projects by the state Govt in the North Bangalore area are:

·KIADB Park / Hardware Park

·IT Investment Region (is proposed to come near Kempagowda International Airport.)

·Devanahalli Business Park

·Bagalur Cross – North Gate and Hinduja Ecropolis

·International Convention Centre – Devanahalli

·Bellary Road NH44

·Disneyland Theme Park

·Nano Park

Key Factors to consider North Bangalore for Investment:

·Just 5 Kms distance to Kempegowda International Airport via NH7.

·3. 8 km from the new satellite ring road (STRR) will connect the city with Doddaballapur road to Atibele

·A Multibillion-Dollar Devanahalli Business Park initiated by State Government

·12,000-acre BIAL IT Investment Region (ITIR) and is expected to be the largest IT region in India housing

·Shell and IFCI campuses completed.

·950-acre Bangalore Aerospace Park including 250-acre special economic zone, many companies are operating here.

·Employment hub nearby:

·Infosys Technologies has acquired 10 acres of land in the Devanahalli area.

·Social Infrastructure nearby:

Upcoming Hotel projects include Oberoi at BIA and Taj Airport Hotel and Holiday Inn at Devanahalli. Taj hotel is already complete and running.

The development of an airport spurts growth in its adjoining areas. This is especially true in the case of Devanahalli, a former suburb in the northern part of Bengaluru. This area is seeing the massive transformation into a major industrial and residential hub, thanks to the Kempegowda International Airport. The picture was completely different about a decade ago with empty parcels of land dominating this area. One of the major developments here are the various SEZ projects by the Government, which are expected to create a great potential for employment opportunities in the future.

The aerospace SEZ in Devanahalli is fast emerging as a major aerospace manufacturing hub. Karnataka is home to almost two-thirds of the aerospace manufacturing in India as it is the only state in the country to have a separate aerospace policy. It comprises of a 1000-acre industrial park and is already providing employment to hundreds of people. This land has already been allotted to several companies, including 100 acres to HAL. The SEZ comprises of export oriented industries and those that deal with maintenance, repair and overhaul related activities for the local market. Out of the 1,000 acres of land that has been allotted, about 250 acres have been earmarked for SEZ in the aerospace hub. This aerospace SEZ has been developed in collaboration with the US Aerospace Supplier Development Mission to India in order to introduce American companies to Indian joint venture groups, industry representatives, and Western original equipment manufacturers based here.

The success so far has also attracted a lot of investment and aerospace companies into the State of Karnataka. A few prominent names include:

Aerospace Common Finishing Facility (ACFF), which is a joint venture plant between the Karnataka Government and the Central Government.
ACFF will be set up at an estimated cost of Rs. 96 crore with a 50 per cent grant from the centre. This facility is equipped with heat treatment, plating, surface treatment and common testing facilities. Its primary aim is to benefit hundreds of small scale units in Bengaluru and adjoining areas. It will aim to lend a global quality helping hand to SMEs and their products.

Dynamatic’s facility for helicopter components
Dynamatic Technologies Limited inaugurated its First Hangar of Dynamatic Aerotropolis at the KIADB Aerospace Park on 15th February 2017. Dynamatic Aerotropolis which spans across 27 acres, boasts of state-of-the-art facilities. Former Karnataka industries minister, Mr. R.V. Deshpande also stated that the Government has been able to attract component manufacturers from France, UK, and the US to Devanahalli Aerospace Park. Dynamatic’s plant will manufacture the main cabin for Bell Helicopters. This SEZ already has 2500 people employed and generates Rs. 2000 crore in sales.

Centum Electronics
The facility of Centum Electronics is spread over six acres and has already seen an investment of about Rs. 200 crores over two years. It exports about 95% of its products. It currently employs about 750 people and aims at integrating design, manufacturing, factory testing, quality control and advanced manufacturing and engineering.

Apart from these three, the other companies that are operational in this aerospace park are BEML’s unit, Bills Aerospace components, CIM Tools, Kinetix Solutions and ThyssenKrupp Aerospace. Clearly, a lot is happening in this side of the town.

Owing to these and much more such other developments, Devanahalli is expected to become a major commercial and office hub soon. One of the biggest projects – Information Technology enabled services & Biotechnology (ITIR) is all set to take shape by 2020, with a potential of providing employment to 1.2 million people and indirect employment to 2.8 million. A global financial district with leading banks and a medical tourism hub is also around the corner.

All of this and much more makes it likely that the future of Bengaluru is in and around Devanahalli. A large number of residential projects have already come up in this area, with a range of options for anyone who wants to invest in property.

I have visualized the emergence of Devanahalli as a major growth corridor in northern Bangalore. Brigade Orchards – a smart township project aims to provide a luxurious, green and pollution-free, self-sufficient environment to its residents, ensuring that all their needs are met within the neighbourhood itself and they need not travel far to reach their workplace either.

If you are Looking an investment in plot in North Bangalore, here’s why you shouldn’t hesitate for a single second.

It is a good idea to buy plots as Devanahalli is pitted as the next NCR of South India. The place is expected to be a destination for number of SEZ. The employment opportunity will be more leading to better demand for residences.

I think in future, thousands of companies and people will move towards North Bangalore, near the airport. The main Bangalore city is congested with traffic and air pollution and people wan a breathing space.

Moreover, if you buy a small plot of land here as a future investment, the value can appreciate 3-5 times depending upon the area. This can be a very good invest for your family and future generation. Kindly do not miss this chance.

Thousands of people have already invested in lands/plots near the Devanahalli airport. It is a golden opportunity for you right now (2022). As soon as the Airport metro I complete, the real estate prices here will shoot up. There is no doubt on that.

I have few plots of land for sale near Devanahalli airport. If you want to invest on a long term, Call/Whatsapp: +91 9798404042, Gijo Vijayan.

Warm Regards

Gijo Vijayan

Real Estate Consultant

Bangalore

Mob: +91 9798404042

Email: gijo@gijokv.com

www.Gijokv.com

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