Friday, February 3, 2017

The new happening destination Yelahanka

Yelahanka is one of the most happening cities to the north of Bangalore. Yelahanka is on the verge of being the prime real estate hub in North Bengaluru owing to its vast undeveloped areas and easy access to the Kempegowda International Airport. This locality has seen remarkable developments since its inception. It was once known to be a town which did not exist on the maps of Bengaluru. The transformation has been slow and in a paced manner. But the appreciation of property and land value is remarkable.

Yelahanka has an excellent connectivity be it by road, rail and air. The road network to Yelahanka is one of the best in entire Bangalore. Yelahanka railway station is one of the oldest stations setup in Bangalore area and has railway lines connecting KR Puram and Bayappanahalli in the east and Yeshwanthpur in the northwest. If these tracks are improved and daily city passenger trains are introduced, a big part of traffic congestion will be eased as more people will use trains. Since the tracks already exist, it is better to use the existing infrastructure rather than investing in new activities like Metro. Kempegowda International Airport is located off Yelahanka. Government has taken initiative to develop this area on a large scale by making sure north Bangalore is suited to develop and flourish as a Business Hub.

Witnessing the huge growth of Devenahalli Business Park, a rail system is to be set-up that will connect Devanahalli with Yeshwantpur via Yelahanka. Widening of the NH-7 up to the airport from the existing six lanes to eight lanes (currently under process) will result to be next major infrastructural advantage to this area. With the development of this, there will be an Inter-modal Transit Hub at Yelahanka. Yelahanka is peaceful and traffic free compared to all other areas that provide well equipped locality to live in. Good social infrastructure is present here with a number of multi-specialty clinics and hospitals, reputed schools and colleges, among others. The area has a lot of room for good capital appreciation as property prices are currently affordable as compared with most of the CBD areas. Prices are relatively affordable.

Investors are considering buying property for sale in Yelahanka for long-term investment as prices are expected to appreciate. Demand for housing mostly comes from those employed in North Bangalore, especially employees at business parks like Kirloskar Business Park and Manyata Tech Park. This area is more affordable with property prices approximately around Rs 4,700 per sq ft. Large scale infrastructure development is proposed around this stretch that would further enhance market as an investors’ destination. There are three proposed IT parks in and around this region and a proposed four-lane state highway that would connect this stretch to major parts of the city.

There are several benefits to investing in Yelahanka. The availability of infrastructure that ensures good connectivity is definitely a plus point. For those working in the area, being close to work place is an added advantage. The presence of good amenities at a short distance is ideal as well. Of course, one of the key benefits is that property in the area is still in the affordable range as against other property for sale in Bangalore. This area is great for long-term investment.

This is a guest post by A. Ramya