Growing Residential Market In North Bangalore - Sumadhura Group

    Growing Residential Market In North Bangalore

The residential market in North Bangalore is a rapidly growing and is currently experiencing a lot of growth and development. This region is known for its lush green spaces, well-planned neighborhoods, great infrastructure, and proximity to major business and technology hubs – making it an attractive location for both home buyers and investors.

Currently, the average price of apartments in North Bangalore has a nominal per sft price. This can vary depending on the specific location and type of property, with luxury apartments and homes commanding higher prices. Some of the most in-demand neighborhoods in North Bangalore include Yelahanka, Hebbal, Hennur and Devanahalli. These areas are known for their well-developed infrastructure, IT Hubs, high-quality amenities, top-restaurants, and excellent connectivity to other parts of the city.

In recent years, we have seen a growing trend of home buyers and investors looking for housing options in North Bangalore. With the increasing demand for both affordable & Luxury housing, many developers are now launching new projects with a focus on various other metrics. Additionally, many of these projects are now being launched under government schemes such as PMAY and RERA, which provide additional benefits for buyers such as subsidies and easy home loan options.

Another trend that we are seeing in the North Bangalore residential market is the growing demand for luxury homes and apartments. The city is home to a large number of high net-worth individuals and expatriates, who are looking for 2-BHK or a 3-BHK flat in North Bangalore with high-end amenities. This is leading to an increase in the number of luxury projects being launched in the region, with many of them offering amenities such as private swimming pools, gymnasiums, and landscaped gardens.

What distinguishes the North Bangalore is its proximity to IT Parks/Business Corridors, Airport & Airport SEZ – attracting enormous investments at large, presence of numerous Schools/ Universities, and various other Entertainment Destination.

The commercial and industrial sector is also growing, which is attracting more people to the area. The IT corridor of the city, along with the upcoming aerospace and defence park, is driving the demand for housing in this region. The upcoming infrastructure projects such as the Peripheral Ring Road, Satellite Town Ring Road and Elevated Expressway are also expected to boost the real estate market in North Bangalore.

Therefore, the apartments in this part of Bangalore are poised for continued growth and development in years to come. Whether you are a home buyer looking for an affordable home or an investor looking for a high-yield property, North Bangalore has something to offer for everyone. With its excellent infrastructure, high-quality amenities, and proximity to major business and technology hubs, it is a tailor made location for both residential and commercial real estate.

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