Investing in Bengaluru: Deciphering North and South Bengaluru’s Real Estate Charms
Bengaluru, often referred to as India’s Silicon Valley, is a bustling metropolis known for its thriving tech industry, cosmopolitan lifestyle, and real estate market that has piqued the interest of investors nationwide.
However, this beautiful growing city is distinctly divided between its Northern and Southern geography, each with its own charm when it comes to owning a dream home. Now, the question is which part of Bengaluru suits your aspirations and lifestyle needs the best?
In this article, we’ll help you find the answer by taking a deep dive into Bengaluru’s real estate landscape, dissecting the key distinctions between North and South Bengaluru, and helping you make an informed decision about where to invest your hard-earned money.
North Bengaluru: The Rising Star
Location and Connectivity:
North Bengaluru is rapidly emerging as the new epicentre of the city, with its strategic location near Kempegowda International Airport and major employment hubs. Its proximity to the airport and excellent connectivity through highways make it a prime choice for professionals seeking convenience and easy access to work. Magadi road is an one such example of an upscale locality in North Bengaluru which has seen tremendous growth in number of projects with beautiful apartments in magadi road due to its good location.
Employment Opportunities:
The allure of North Bengaluru lies in its status as a burgeoning tech and IT hub. It’s attracting major players like Boeing and Foxconn, promising tremendous employment opportunities for tech-savvy individuals. With numerous IT companies setting up offices in the vicinity, North Bengaluru is poised to become the next big thing in tech careers.
Heritage and Architectural Appeal:
While North Bengaluru is experiencing rapid development, it lacks the architectural heritage and colonial-era charm that South Bengaluru offers. However, it compensates with modernity and urban living, catering to those who appreciate contemporary aesthetics.
Educational and Healthcare Facilities:
North Bengaluru has esteemed educational institutions like the BMS Institute of Technology and the Management and Indian Institute of Science. It also offers good healthcare facilities, making it an attractive choice for families.
Property Prices and Rental Yields:
Property prices in North Bengaluru are on the rise, with significant appreciation rates in recent years. Rental demand is also growing steadily with a 24% appreciation for a 1000-square-foot home in just last year, offering potential rental income for investors looking to cash in on this thriving market. Locations like Thanisandra and Hosahalli are rapidly developing as a real estate hotspot in North Bengaluru.
Real Estate Development:
North Bengaluru is witnessing a surge in real estate development, with a focus on luxury and lifestyle-centric projects. It offers a variety of residential options to cater to different preferences, from contemporary apartments to spacious villas.
South Bengaluru: Where Tradition Meets Modernity
Location and Connectivity:
South Bengaluru exudes a unique blend of old-world charm and modern amenities. It may not have the same proximity to the airport, but it offers a serene living experience with tree-lined avenues and a more tranquil atmosphere.
Employment Opportunities:
South Bengaluru also boasts a thriving job market, with tech parks, corporate offices, and industrial zones. It’s home to some of the largest corporations like HCL Technologies, Intel, Tata Consultancy Services, Infosys, and Wipro, making it an attractive destination for professionals seeking career growth.
Heritage and Architectural Appeal:
What sets South Bengaluru apart is its architectural heritage and colonial-era buildings. The region is dotted with graceful bungalows, historical structures, and iconic landmarks like the Bangalore Palace and Bull Temple, enriching the real estate market with properties that carry a legacy of their own.
Educational and Healthcare Facilities:
South Bengaluru boasts renowned educational institutions like the Indian Institute of Management Bangalore (IIMB) and top-tier healthcare facilities like Fortis Hospital, making it an ideal choice for families looking for quality education and healthcare.
Property Prices and Rental Yields:
South Bengaluru has also seen a rise in property prices, offering the potential for capital appreciation. Rental yields are available for investors seeking steady rental income, with the highest Rental yield in BTM Layout at 12%. However, property prices in some areas, like JP Nagar, tend to be relatively higher with steady growth over a period of time.
Real Estate Development:
South Bengaluru offers a mix of contemporary and traditional living spaces, with a focus on preserving green spaces and creating serene neighbourhoods. Residential projects having luxury apartments in Kanakapura road emphasise thoughtful design and tailored amenities, ensuring a comfortable and inviting atmosphere.
Choosing the Right Bengaluru for You
In summary, both North and South Bengaluru have their unique appeals and cater to different types of investors and residents. The choice between the two would ultimately depend on individual preferences, lifestyle, and investment goals.
If you’re a professional seeking proximity to tech hubs and newer developments, North Bengaluru might be your ideal choice. The rapid growth in this region promises both immediate returns and sustained growth in the years to come. It’s the rising star of Bengaluru’s real estate market, offering modern living with a focus on convenience and connectivity.
On the other hand, if you’re drawn to architectural heritage, colonial-era charm, and a more tranquil living experience, South Bengaluru might be your preferred destination. It’s where tradition meets modernity, and it’s known for its serene neighbourhoods, quality education, and top-tier healthcare facilities.
In conclusion, Bengaluru’s real estate market is a tapestry of possibilities, with North and South Bengaluru offering contrasting yet equally enticing opportunities for investors and homebuyers. Whether you choose to invest in the rising star of North Bengaluru or immerse yourself in the timeless charm of South Bengaluru, the city welcomes you with open arms and a thriving real estate market ready to make your dreams a reality.
When it comes to investing in a dream property from North and South Bengaluru, Puravankara is your perfect partner with its exquisite range of residential properties in Bengaluru that exude the pinnacle of luxury at key locales. So take a step towards the key to your dream home in Bengaluru by exploring Puravankara’s exquisite real estate gems.
