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Why North Bangalore will be not so ‘North’ any more

Urban wisdom dictates that any global city is essentially a set of neighbourhoods, be it the upmarket residential ones, high street shopping or the middle class suburbs.

Just a decade ago, Bangaloreans mostly evoked names like Jayanagar, Malleswaram, Sadashivangar, Koramangala, Indiranagar, Banashankari or Basavanagudi for residential living and shopping always meant M.G road, Brigade road and Jayanagar 4th block and Commercial Street.

However, all that has changed for good. While the traditional residential areas have held their popularity, new neighbourhoods are becoming more appealing, especially for those who live a busy life.

As people realize that they spend most of their urban life in commuting across the city, they are beginning to live closer to where they work. A strong example of this trend is North Bangalore.

North Bangalore, not so fashionable an address until even a few years ago, is now becoming the neighbourhood of the town. It is now a bustling business corridor that is witnessing several corporate players and entertainment industry players heavily investing in the area.

It started with the inauguration of the Bengaluru International Airport (BIA) in Devanahalli a few years back, and since people have been slowly realising the importance of having a major airport very close to their living and workplace. It is a well-known fact that airports have been the major growth driver around most major cities world over and Bangalore will be no exception. With air travel set to grow heavily in the years to come, neighbourhoods that are close to the airport will be the ones that will see the maximum growth in real-estate demand.

One of the major IT sector blocks has emerged with the opening of Manyata Embassy Business Park, an IT SEZ located on the Outer Ring Road and close to Hebbal. There are also several IT and major industry players that are planning major facilities in the area, which will also force growth in the area and this alone is a key benefit for anyone looking at either investment prospects or just a great home to live in for years to come.

According to realty experts, with the congestion of other major corporate and residential corridors, the area around the Hebbal Outer Ring Road will become a very lucrative option for the corporates that will in turn drives the overall growth of the area. Experts say that the real estate options right now are good value pick and one can expect a return on investment in 60 months.

With several glitzy malls and also numerous well-known hotels and restaurants coming up on Bellary Road leading up to Bangalore International Airport in Devanahalli, the entertainment quotient is also soaring up.

There are State Government plans too, to convert the Hebbal-Devanahalli stretch into a signal-free carriageway by next year under the National Highway Development Programme (NHDP) to provide faster access to the airport. There is also the planned aerospace SEZ coming up near Devanahalli.  Media reports have also stated that a Rs 1,000-crore financial city and the Information Technology Investment Region (ITIR) are other infrastructure initiatives expected to come up.

In the midst of all this action, an exciting project ‘Karle Town Centre’ from Karle Infra seems set to be the most in-demand developments of the city. Karle Zenith, within Karle Town Centre, is already one of the popular residential developments in Nagavara, neighbourhood of Bangalore. It is among the ongoing projects of Karle Infra Projects. It has lavish yet thoughtfully designed residences.

It is a dream come true for many because the development project is nestled in a serene eco sweet spot, the 72-acre site faces the Nagawara Lake with a frontage extending over 600m. The project also has various modern amenities like Garden, Swimming Pool, Play Area, 24Hr Backup, Security, Intercom, Club House, Gymnasium, Indoor Games etc.

Some other attractive features are a signal-free corridor from Hebbal junction, a quick 20km hop to the International Airport and just 12kms from M.G. road, and being close to some of the city’s most reputed schools, hotels, hospitals and enduring residential communities easily tilt real estate prospect in North Bangalore in Karle Town Centre’s favour.