Bangalore is the IT capital of India. It also has several important educational institutions and major industries. Over the years Bangalore lacked infrastructural facilities. But now infrastructure is being developed at a furious pace. The International Airport at Bangalore has provided fillip to the development. Devanahalli where the airport is located has become the center of development. about 12000 acres of land has been acquired by the Karnataka State Industrial Development Corporation for a variety of industries.
About 413 acres of this land is earmarked for Devanahalli Business Park, where multi-speciality hospitals, star hotels, aviation academy, retail and entertainment are to come up An aviation hub is also being set up in the area. Several aviation companies from the US, UK, India, France and other other countries are setting shop. This would also include research, aviation design and manufacture. An aerospace component unit is also setting shop here.
With all the developments the land prices in Devanahalli and the surrounding areas are going up very fast are expected to skyrocket. Housing is necessary for lakhs of people who will be employed in the establishments coming up.
Several housing projects are coming up in the area. It would be advisable to buy residential property in the area when it is affordable.
The prices of the plots are expected to double in the next 2-3 years. They provide a golden opportunity for investment. Once the projects around them start to come up, the necessity for housing shoot up pushing up the rentals in the area.
If you are interested in the housing plots contact email@example.com