Barr Myrick posted an update 4 months, 1 week ago
Originally envisaged as a satellite capital of scotland- Bangalore city, Yelahanka is amongst the most sought after destinations in North Bangalore legitimate estate investors today. The suburb has gained phenomenal momentum following the Bangalore Airport terminal (BIAL) in Devanahalli had become.
A part of the Bruhat Bangalore Mahanagara Palika (BBMP), Yelahanka is just 19 kilometers through the BIAL and 14 kilometers from downtown Bangalore. The location has witnessed significant rise in infrastructure before 5yrs.
Yelahanka has elevated the radar of homeowners since a while. The area’s proximity into a quantity of technology parks, housing many of the biggest MNCs that operate through the city, is really a key reason for professionals choosing this locality to get qualities. Yelahanka is incredibly close to Hebbal, that has some good educational facilities, along with hospitals and malls. However, real estate property in Hebbal is far not affordable for mid-level buyers. Hence Yelahanka is a better decision for them. The location can be perfectly coupled to the greater city via road and rail. The planned peripheral ring road (PRR) is anticipated to be effective to be replaced by the areas in Yelahanka too.
To tap it is likely that this region, many real estate developers are selling residential apartments in Yelahanka, Bangalore. However, property prices in this region have witnessed a consistent appreciation of 8-10% in last two years. Hence, people are buying property inside the Yelahanka-Devanahalli stretch for long-term investment purpose too, as price is likely to appreciate a lot more soon.
On analyzing the actual prevalent market rates to the property rates people are prepared to pay; micro markets of Electronic City and Yelahanka are closest to buyer’s pricing expectations.
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