Why Invest In Real Estate?

Before we dive into understanding of North Bangalore, let us look into Real Estate investing as a whole. Today we have numerous investment opportunities that can generate an infinite amount of returns. These investment opportunities range from stock market to all way till your gold investments. While stock market is volatile with a high risk and high reward ratio. On the other hand gold investments are not very volatile but come with a low reward ratio. But Real Estate is something that stands right in between these both. Real Estate is not volatile hence its low risk investment, at the same time it appreciates way better than gold does. Making it the perfect investment opportunity for anyone that enjoys good returns with the least amount of risk involved.

North Bangalore Market: The Best Amongst All

Bangalore, the capital of the southern state of Karnataka, is one of the country's busiest and fastest-growing cities. North Bangalore, on the other hand, has made a significant contribution to the city's economic growth. North Bangalore real estate is now thriving, with blooming IT behemoths providing thousands of IT experts with fantastic employment prospects each year. This, along with superb infrastructure, smooth connection, and wonderful all-year-round weather, makes North Bangalore the ideal location for real estate investment.

The Past:

North Bangalore has always seen steady growth since the commencement of KIA (KempeGowda International Airport) in 2008. Since then the growth story of North Bangalore has always been positive. The development of Devanahalli is a bright example of this. When we look at Devanahalli in the early 2000s and compare it to this date, it is a completely different town altogether. Where there are rising commercial spaces, Residential apartments constructed by top builders in this country, and not to forget the upcoming IT parks and industries in North Bangalore. Not only Devanahalli, but the entire stretch of north Bangalore has seen huge growth in the last 10 years. And the best part about it is that it's just the beginning of the growth story.

The Present:

Recently we can see that there is a greater involvement from the state government to transform North Bangalore as the next hub for IT parks and industrial development. This can be seen with the initiation of the Aerospace Park by the Karnataka Industrial Areas Development Board (KIADB). Builders like Embassy, prestige, Brigade, who all doing projects in the interiors of North Bangalore have now started multiple projects in the extreme North of Bangalore. Which indicates that the North Bangalore is starting to see its unstoppable growth.

The Future:

Bangalore, the capital of the southern state of Karnataka, is one of the country's busiest and fastest-growing cities. North Bangalore, on the other hand, has made a significant contribution to the city's economic growth. North Bangalore real estate is now thriving, with blooming IT behemoths providing thousands of IT experts with fantastic employment prospects each year. This, along with superb infrastructure, smooth connection, and wonderful all-year-round weather, makes North Bangalore the ideal location for real estate investment.

Why North Bangalore?

A recent study by Meraqi Research in association with Embassy Group showed that North Bangalore will add another 3,50,000 employment to its existing employment. By 2025 North Bangalore will capture 30% of overall office spaces. It is seen that residential sales have skyrocketed by a staggering 134% YOY. With the development of the airport it is driving the growth of the North Bangalore region. The planning of Devanahalli Business Park, Aerospace Park and metro connectivity will further boost the development in this region. One important observation is that NRIs and HNIs are showing greater interest to invest in North Bangalore than any other part of Bangalore. One main reason for this is that people nowadays prefer the contemporary lifestyle. There is a greater urge to escape from the daily chaos within a city like Bangalore. And North Bangalore become the best destination for this, situated close to Nandi hills it offer a perfect place to enjoy the weekend.

Developments in North Bangalore: IT/SEZ and Business Parks:

The Devanahalli Business Park and the Aerospace park have created a micro industry for the residential investors and buyers in the region. The arrival of IT/SEZ and business parks, it has paved way for growth in the commercial segment. It is estimated that around 12 million direst and indirect jobs will be provided in the region with all the ongoing development projects in the future.

KempeGowda International Airport:

In 2019, the airport authority invested Rs. 13,000 Crores in a plan to further expand the airport by adding a second runway and new terminal for the airport. This proved to be a great development as it increased the number of passengers by 4.1% compared to the previous year.

Connectivity:

The second phase of the metro is ongoing on a full scale and is expected to complete by 2024. When completed it will connect Hebbal, Nagawara, and Jakkur to the airport and MG road. The thrust on infrastructure development in North Bangalore is high. The Metro Rail Phase 2B, Peripheral Ring Road, and Satellite ring road will provide the much-needed connectivity to other IT hubs in the city.

Advantages of North Bangalore:

Excellent infrastructure:

North Bangalore is notable for its superb social infrastructure, which includes prominent educational institutes, retail and recreation centres, restaurants, and hotels scattered around the area.

Connectivity:

The neighborhood has a tangle of flyovers and excellent motorways such as the Outer Ring Road (OTT) and Bellary Road that keep you connected to main sections of the city at all times. The Kempegowda Airport is also close by, making business travel even more accessible and speedy.

Excellent rates of appreciation:

With the surge of IT experts relocating to North Bangalore in quest of work opportunities, the economy of North Bangalore has grown at a faster rate than in other areas of the city. As a result, homeowners in North Bangalore will benefit from quicker appreciation rates.

Investment plans for North Bangalore:

North Bengaluru is still in the growth stage, and property prices are projected to rise further as more IT experts relocate here for job possibilities in IT and associated sectors. As a result, the region's economy has grown faster than the rest of the city, making parking money in real estate here a solid bet for anyone looking for a good return on investment.

Rental Income:

Rental investing is for those investors who want to generate passive income every month. As the North Bangalore market has many pre-existing IT parks and industries it is best to invest in a property that is close to these workplaces. For example buying a property in Thanisandra would be the best opportunity if you want to generate passive rental income every month. As this region is close to Manyata Tech Park which is home to leading IT companies as well as the region offers connectivity towards airport road. A property with dependable renters will produce consistent revenue flow. One approach to accomplish this is to thoroughly examine applicants for rental properties. Hiring a property management company is critical for those seeking passive income. A property management business can handle everything from tenant screening to security deposits.

Buy and sell:

This is the most common practice of a Real Estate investor. The basic investment plan here is that the investor invests in a property that is generally under construction. And sells it off when it turns into a Ready-to-move-in property. This technique has its own benefits and risks involved. Although this is not for everyone, a similar plan with a longer holding period of the property will definitely turn out to be beneficial in the long term. Buying and holding is often referred to as rehabbing. To make this technique work, an investor should carefully consider the return on investment of every change and take appropriate action. The fundamental assumption is that properties often appreciate over time. Investors gain value over time as their tenants assist them pay down their mortgages.

Best Localities in North Bangalore for investments:

Hebbal:

Hebbal's proximity to Kempegowda International Airport and other regions of Bangalore's famous educational institutions is one of its main selling advantages. It is located between Hebbal Lake and Nagavara Lake and is regarded as one of the most popular neighborhoods in North Bangalore. Because of its peaceful surroundings and excellent infrastructure, it has attracted some of the city's most affluent residential complexes. Because of the presence of the top tech parks, such as Manyata Tech Park, job opportunities in this locality have increased dramatically. L&T has authorized two projects totaling 17 acres in Byatarayanapura on Ballari Road to establish an IT/SEZ for Rs 2,080 crore. Further increasing employment in this area.

Devanahalli:

Devanahalli became prominent during the development of the Bangalore International Airport. Among the region's technology parks are Aerospace Park, Science Park, and Financial City. Because this area is around 30 kilometers from the city center, you should study this belt as an investment and for great long-term profits. Bangalore is no exception to the trend that cities will initially develop and rise in real estate around airports. When looking for self-living in Devanahalli, search for projects that cover a whole township, as being far from the city center may lead you to miss the city's speed and bustle.

Yelahanka:

When it was home to a number of factories and manufacturing enterprises, this region was not recognized for its real estate. When the Kempegowda International Airport opened, there was a rise in residential demand in this area. Yelahanka Satellite Town, also known as Yelahanka New Town, is quickly developing as the new face of Yelahanka in Bangalore. Garuda Yelahanka, RMZ Galleria Mall, Yelahanka Central, and DMart Yelahanka are among the region's main shopping malls and supermarkets. The growing number of IT firms in the area has resulted in a large number of job openings. The region, which is still in its early phases of development, provides low-cost apartments with great returns.

Thanisandra:

Thanisandra is one of the fastest-growing areas in North Bangalore. This neighborhood's residential and commercial real estate development, in particular, has surged. All of the area's successes may be attributed to its well-planned infrastructure. The upcoming 72-kilometer Metro Rail Phase 2 will add to the advantages. KIADB Park, Bagalur KIADB IT SEZ (5000 acres), Bagalur Finance City (50 acres), Hardware Park, and Shell Park are among Thanisandra's major developments. Thanisandra is an excellent investment opportunity because to its interconnectedness, increasing expansion, and increased development. Thanisandra is home to the well-known Elements Mall and is about a 5-minute (2-3-kilometer) drive from Manyata Tech Park.

Things to keep in mind before investing:

Do your own research:

Never fall into the trap of investing just because someone you know has asked you to do it. Always do your own part of the research and try to understand the pros and cons of investing in real estate. You must investigate the sort of property in which you are investing. It should not only provide a comparable end, but it should also be within your budget. You should thoroughly investigate the property's history, surrounding surroundings, and if the site is suitable for building. You should also do a background check on developers and keep track of their track record. It is also vital to assess whether the property satisfies all legal requirements. Only you should consider investing in real estate once you have met the conditions.

Calculate your budget:

Calculating all of your expenditures ahead of time is essential when investing in real estate. Knowing your budget allows you to limit the type of house you can afford in terms of room and location. To prevent running out of funds when needed, maintain your budget within your loan payback capabilities. Have a clear budget in relation to your investment goals and follow it with precaution.

Legal Formalities:

Learn about the rules and regulations in the region where you plan to buy a home. In uncomfortable situations, such as paying taxes, it is advised to consult a lawyer. The lawyer will guide you through the whole process and the steps you must take to avoid paying fines.

Get an estimated property value:

Always receive an estimated value ahead of time and base your selection on it. It's pointless to buy an inexpensive house and then spend thousands of dollars renovating it. Inquire with your real estate agent about the market worth of the property you want, check through advertisements, or inquire about other homes at the same price. This will assist you in narrowing down your options. North Bangalore has become a must-have in the portfolios of serious real estate investors, with the prospect of greater city expansion and technological innovation in the future. Which will further drive the development in North Bangalore and have provide with greater investment opportunities. North Bangalore's growth story has just begun and there is so much more to it. It is time for you as an investor and a homebuyer to join and benefit from the journey of this amazing growth story.