The pleasant and equitable weather of Bangalore is on account of its elevation which is the highest among all the major cities of India. The real estate market in Bangalore is growing at a very healthy rate. The Government is accordingly assigning high priority to connectivity in the city by road, high-speed rail, metro and monorail. This growth in infrastructure can well facilitate the availability of affordable housing inaccessible localities.
BNRCL is planning to raise Rs 12,000 crores out of its projected cost estimates of over Rs 25,000 crores. The Central and State Governments are providing 50% of the projected outlay.
A look at the earlier trend in Bangalore’s real estate market would have revealed that it was becoming rather difficult for a middle-income earner it was increasingly becoming difficult to find budget flats. But this is no more the case as fresh areas on the outskirts of the city, particularly in the northern part of the city are being developed with residential projects that address the entire range of demand for approved Plots, Budget Flats, Gated Communities, Luxury Villas, Row Houses and Independent Houses.
North’s residential market in Bangalore has got the immense potential for huge growth due to its physical and social infrastructure such as High-speed Rail Link, Devanahalli Business Park, Elevated Expressway to BIAL, and broadening of Bellary Road, according to North Bangalore real estate news. Yelahanka, Hebbal, Hennur Road, Doddabalapur Road, Banaswadi, and HBR Layout, etc are the hot spots in North Bangalore. Sarjapur Road is the most active locality among top localities in Bangalore.