Originally envisaged as a satellite town of Bangalore city, Yelahanka is among the most sought after destinations in North Bangalore for real estate investors today. The suburb has gained phenomenal momentum following your Bangalore Air port (BIAL) in Devanahalli had become.
A part of the Bruhat Bangalore Mahanagara Palika (BBMP), Yelahanka is just 19 kilometers from the BIAL and 14 kilometers from downtown Bangalore. The region has witnessed significant boost infrastructure during the past 5yrs.
Yelahanka has developed in the radar of home buyers since some time now. The area's proximity into a variety of technology parks, housing many of the biggest MNCs that operate in the city, is a major reason for professionals choosing this locality to acquire their houses. Yelahanka is incredibly near Hebbal, which has good quality institutions, as well as hospitals and malls. However, real-estate in Hebbal is far too expensive for mid-level buyers. Hence Yelahanka is a better decision for them. The area is also well connected to the greater city via road and rail. The planned peripheral ring road (PRR) is predicted to operate in preference of the residential areas in Yelahanka too.
To tap the prospect of this region, several real-estate developers are selling residential apartments in Yelahanka, Bangalore. However, property prices of this type have witnessed a frequent appreciation of 8-10% in latter years. Hence, individuals are buying property inside the Yelahanka-Devanahalli stretch for long-term investment purpose too, as prices are expected to appreciate a lot more soon.
On analyzing the actual prevalent market rates to the property rates consumers are ready to pay; micro markets of Electronic City and Yelahanka are nearest to buyer's pricing expectations.
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