Time was not far back when investing in an area such as Devanahalli was considered outright foolhardy. But just look at it within a span of few years, Devanahalli has become loaded with investment and what is more it is appreciating rapidly, what with the second largest airport in India in its neighborhood. So
Devanahalli is fast catching up with rest of the real estate destination and is destined to be the next hotspot.
Devanahalli has experienced tremendous growth with the construction of the international airport. It consists of Vijayapura, Channarayapatna, Kundana and Kasaba. Places of tourists’ interest are the Fort built by Mallabairegowda in 1501, the Venugopalaswamy Temple within the fort and the memorial of Tipu Sultan, among others.
Typically, big cities tend to grow towards their southern direction with most of the developments taking place there. However, Devanahalli stands up for an exception to this rule on account of the international airport, three proposed IT parks and a four-lane state highway connecting it. There are significantly visible developments happening in north Bangalore, especially near the airport in Devanahalli.
Real estate prices have remained on a balance between residential and commercial ones. With significant improvements in easy access to schools, hospitals, supermarkets etc., living in the locality has become easy. Roads too have been widened. And converted into a six-lane national highway.
The IT Investment Region (ITIR) and the Aerospace SEZ being proposed to be established near KIA, will perhaps be the driving force behind future commercial investments and residential developments.
Certainly some connectivity issues still persist, but things would eventually get ironed out, what with the State Government according a high priority in taking this area forward to the top of the agenda.
The main arterial road namely, Bellary Road is being widened to accommodate the increased influx of traffic. The centre of the city is being proposed to be connected by a 33-km high speed rail link [HSIL]. Besides a slew of road connectivity in terms of peripheral ring road, intermediate ring road and satellite ring road is also being planned. This will considerably multiply the possibility of seamlessly connecting north Bangalore with all other parts of the city.
A realtor averred that although Devanahalli is a pride of places to invest or live in, there has not been much of a development at the ground level excepting that Shell has opened up its offices. Actually if real big time development is to take place, then Government’s job is cut out.
Perhaps, with Government taking up its responsibility in right earnest, it will be a matter of five to six years before Devanahalli acquires its rightful place.