• Source:JND
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BM Property: North Bengaluru, in the past few months, has significantly emerged as a preferable choice for living and buying properties. The reports suggest that the recent development works, improved connectivity, and financial activities have led to a massive growth in the real estate industry. While the area was once considered outskirts, the recent changes have changed the story, making it an alternative for the real estate investors.

Apart from connectivity with the city's Namma metro and government buses, the region has witnessed significant growth due to its connectivity towards the airport. The planned infrastructure projects are likely to ease the traffic congestion and provide a significant boost to the real estate market.

Connectivity With Bengaluru-Chennai Expressway

Apart from this, the accessibility of the Satellite Town Ring Road (STRR) and Bengaluru-Chennai Expressway makes the region preferable, especially to the people belonging to the neighbouring states. Apart from this, the availability of the Bengaluru-Chennai Expressway also makes it an ideal location for the financial activities. The region has also witnessed the emergence of IT and aerospace parks in the past few years, increasing the demand for housing.

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Emergence Of IT And Aerospace Parks 

The reports suggest that the completion of several important projects, including Devanahalli Business Park, KIADB Aerospace Park, and Manyata Tech Park, has attracted top firms in the region. These projects have generated hundreds of employment opportunities, leading to an increase in housing demands.

While several companies are shifting in North Bengaluru, the employees are also looking for residence due to low rent and proximity to the workspace. The reports suggest that unlike some of the areas like Hebbal, Jakkur, Yelahanka, Devanahalli, and Hennur, North Bengaluru has a wider range of real estate properties.

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Besides, apart from the IT sector and other businesses, farming has emerged as an alternative for the residents in the past few months. The residents of the city are buying plots in regions, including Mysuru-Bannur Road, Devanahalli, Kanakapura Road, Magadi Road, and Doddaballapura, to escape the hectic city lifestyle.