Why North Bangalore is the Most Potent Location?

North Bangalore is the northern periphery of the city, considered one of the fastest growing regions with the potential to serve as the cradle for development. The aptitude of the locality in terms of Commercial, residential and other frameworks is rising like never before. North Bangalore includes Hebbal, Jakkur, Bellary Road, Peenya, and Hennur. With a pleasant influx, the resources are emerging into a robust ecosystem to kick start progress.

Having a friendly neighborhood, alongside all necessary resources is a blessing in disguise. North Bangalore is one such location that has a healthy supply of 2 BHK & 3 BHK apartments catering to the needs of young, new-age home buyers, providing great acceleration for growth.

There are many factors that drive Growth. The biggest drivers of growth are the arrival of the Airport, Industrial Investment to increase growth, the incoming IT industrial belt, and Socio-cultural infrastructure to the northern part of Bangalore.

 

Following Drivers Pave the Way for Development and Ultimately Flourishes Growth at Large.

• Business Corridors

• Airport: Attracts more investments; Airport SEZ is another feather on its cap.

• Surrounding Community: Commercial growth in the region has pushed the residential thrust to greater heights, increasing the demand for spacious units.

• Presence of numerous Schools/ Universities.

• Entertainment Destination: Picnic options, malls, Leisure bays, Hill stations, adventure sports activities, etc.

 

From an investment angle, the high potential in the commercial growth of North Bangalore makes it a thriving destination, as it will witness steady growth over the next few years. Hence, these drivers will add immense value to the region, and help future home buyers to survey, explore and decide upon owning an apartment in North Bangalore.

 

Let us Look Into Some Aspects of Why North Bangalore is an in-deemed Location:

Connectivity: A faster approach to the airport, railway station, IT Parks, schools, hospitals, etc. have made it a hot spot among all those who value time.

• 25 to 30 minutes to the airport

• 10 minutes to Metro services

• 15 minutes to Yelahanka railway station

• Metro services (BMRCL) by the end of 2025*.

 

Workforce:  Notable facet is the abundance of IT parks having 4 Lakh+ job opportunities within a 30-min drive. Economic zones, IT parks/industrial estates, government organizations, commercial spaces, etc. have become a noticeable phenomenon over the years. This being an upcoming IT hub of Bangalore gives every reason for the growth in the market.

 

IT Infotech: A bright neighborhood that holds a great host of IT Parks anchors ahead the distinct characteristic of the area.

• Manyata tech park

• Brigade Magnum and Brigade Opus

• Kirloskar Business park

• RMZ Latitude

 

Ecological Aspect: Did you know - Trees around you always promote happy living? Yes, Greenery in its pristine form has an optimistic impact on your lifestyle. 

• Nandi Hills, Skandagiri hills, the Chikkaballapur region, and a host of other picnic spots offer the best places to rejuvenate.

• Theme Park: 1,000 acres of land for a large, multi-attraction, integrated theme park on the lines of Disneyland through a Public-Private-Partnership (PPP) model.

• The Hebbal region has an exceptional view of the calm and breezy GKVK Campus, assuring a blistering ecosystem.

• Well maintained aesthetics of the neighborhood and bustling sounds of happy people keeps the development index high.

 

Future of Northern Bangalore:

• KIADB: 1,000-acre land developed for aircraft component manufacturing with 250 acres allotted for an upcoming SEZ.

• A 74 km* Peripheral Ring road promised by the end of 2027, which circumvents the entire city.

• Nano Park: India’s first nano park with a 15-acre plot for nanotechnology-based companies and infrastructure.

• Prestige Tech cloud - under construction tech park in Devanahalli.

• Next manufacturing and business hub of the city with sanctions to develop various logistics parks.

 

Therefore, owning a space surrounded by a stunning environment and serene beauty will design a lifestyle that is nothing less than magnificence. For home buyers, North Bangalore per se has been the paradise destination to spend their time, and money, and build memories. So, owning a home can be a dream come true for an individual who needs to ramp up their career graph. Hence, a 2 BHK apartment or a 3 BHK apartment with a reliable real estate developer can provide you with everything for a stylish life. The credibility works magic here as it can make your lifestyle into something spectacular in this part of Bangalore. Do tickle your senses before choosing your dream home at a location that is potent enough to provide you with all you need. 

Why is a 2 BHK Apartment a Good Investment Option?

The covid-19 pandemic has been an eye-opener in realizing the importance of owning personal space for one’s self against other avenues. First-time home buyers would want an apartment space that is compact, easy to maintain, and authentic among other requirements. Investing in a 2 BHK apartment is a good investment option as there is no dearth of 2 BHK flats in recent times.

Investors look for a home that caters to all the household needs on a daily basis, which also adores their health aspect, community living, recreation for kids, etc. They prefer a reasonable lifestyle clubbed with a touch of luxury, with an inclination towards luxury apartments because of the amenities that it offers, alongside being economical. Therefore, investing in a 2 BHK apartment as opposed to a bigger space is a more potent option than renting one that can become a hot property within a few years. It makes investors expect a competent lifestyle and a capital gain over time, in the endeavor of reselling the same portion.

Maximum space for the optimum spent, a 2 BHK flat offers you all the benefits of a luxury apartment, high on the finesse quotient. A classy jogging track, gym facility, a scintillating clubhouse, swimming pool, other recreational activities, etc. will be the appealing factor for most customers. Having a home not only helps you realize a dream abode but also gives convenience in terms of location, dimension, colossal space, capital appreciation, etc.

Following are Some of the Metrics That Factor in While Buying a 2 BHK Flat:

All the aforesaid is possible when a customer selects a Real estate developer having unmatched credibility in the domain and who can deliver the promises with absolute integrity, keeping customer satisfaction in the forefront.

Dimension: A 2 BHK flat can make you go Wowww… in an area ranging from about 1000 Sq Ft. to 1250 Sqft. (Super built-up area). This can pull off a premium lifestyle, nothing less than beauty. A 2 BHK home is easy to maintain, ensures aesthetic interiors, spacious rooms, a bright dining area, a Lofty kitchen, etc., can elevate your space to be the finest place that captures rare memories - lasting an eternity. Having a cup of Tea on the breezy balcony will enhance your lifestyle. Sit on the balcony, smile, and express your limitless aspirations to the world.   

Location: Customers want to own their dream home that hails in the prime location connecting major IT hubs, Metro connectivity, railway stations, airports, entertainment hubs, schools and colleges, Hospitals, etc. having excellent access to the socio-cultural and retail infrastructures around the project will become an attractive resale attribute in future. A friendly neighborhood, easy to shop, social connection, united by nature, etc. will add the required flavor. Therefore, it has the potential to promote the property in the most attractive way possible and adds immense value to the asset over time. 

Financial Benefit: Every home buyer expects a profit before investing in his/her dream home. Let us look at a scenario - Renting vs Owning a home.

For Instance - Say person ‘A’ is living in a rented 2 BHK house, owning a rent amount of 12K per month. After a few years, with real effective rates taken into consideration, the rent goes up to 15K. At the end of 15 years, he would have paid a rental capital of around 25L*. Not a wise option for an exceptional fiscal discipline.

As against the above Instance, Say the person ‘A’ buys a 2 BHK apartment. With a low-cost EMI option, he is able to clear all dues in some years and cherish life thereafter. Happy-go-lucky in the end. 

Now ‘A’ plans to rent out the same portion at an amount of 20K. Over a period of 15 years thereafter, the recurring revenue he yields through rent would be around 40L*. Aside from his financial dynamics, this tangible property is a dependable asset for his family. Therefore, buying a 2 BHK has a profitability notion in many ways than subscribing to a rented house. 

Appreciation: There is always a return on investment factor that defines whether an investment is great or just about good. Drawing an increment of 50% from the principal amount is a great return as compared to spending about the same on rent. For example, a 50L* property would shoot a capital gain up to 75L*, with a dividend of 25L* in 10 years. Investing in a fiscally rising commodity will secure the future from rough eventualities if any. Therefore, Appreciation is a key factor that makes all the difference in owning one.  

Tax saving: a) Section 80c of the IT act, 1960 - maximum deduction of up to 1.5L;  b) Section 24 of the IT act, 1960 - Interest component deduction of maximum 2L only;   c) Section 80EEA of the IT act, 1960 - Additional deduction of interest component up to 1.5L for the first time home buyers (Tax policies are subject to change every financial year).

Other Benefits - Through Tax concessions where 5% GST for a said capital will attract a minimal indirect tax, which could add a jubilant impression on their disposable personal income. (Registration fee is exclusive of this tax).

 

Once an investment goes into a 2 BHK apartment, the investor would want to ensure their funds are parked through a good real estate developer. The real estate sector is one such industry that is the fastest-growing and has the prospect of contributing about 15%* to India's GDP by 2030. 

Therefore, this cannot be looked down upon in the long run in terms of an investment option to reap the optimal capital gain of owning a 2 BHK apartment over time.