Bangalore real estate is expected to revive with an impressive flourish over the coming months, with the addition of new projects, as the state slowly eases into normalcy.
In the wake of the pandemic, where most continue to work from home, buyers have started to look for properties that are more spacious and located in less populated areas. Post-May 2020 newer localities have been attracting greater interest from homebuyers, North Bangalore being one of them.
Ever since the establishment of the Kempegowda International Airport, the real estate market in North Bangalore has seen a boom. The state government has also come up with many projects like the 950 Acre Bangalore Aerospace SEZ and 1200 Acre BIAL IT Investment Region at Devanahalli. The ring road ensures good connectivity to other parts of the city and the presence of several IT parks such as Manyata, Ecopolis, and IT SEZ makes the region a high return destination for real estate investment. The upcoming Line-5 (Central Silk Board-KIA Terminal) of Namma Metro, with a completion deadline of mid-2025, having metro stations in Hebbal, Yelahanka, and Jakkur Cross is another attractive feature that is likely to boost the realty market.