Devanahalli which is also called Devandahalli, Dyaavandalli, Devanadoddi and Devanapura is a small town in North Bangalore. It is an emerging commercial and residential hub.
Location and Neighbourhood
Devanahalli is situated 40 km to the north-east of Bangalore. This locality has gained huge popularity as a realty destination owing to the upcoming multibillion-dollar Devanahalli Business Park and proximity to the international airport. Three other tech parks in the pipeline near Devanahalli are Aerospace Park, Science Park and Financial City. Also, a new satellite ring road will connect the city with Doddaballapur. This area is in proximity to an upcoming largest IT region in India i.e. BIAL IT Investment Region. The surrounding areas of Devanahalli are still in its developing phase and it will take more than 5 years to develop in a sound manner.
Infrastructure [social, physical & civic]
Devanahalli is a northern suburb of Bangalore that has garnered popularity due to the availability of huge land parcels. Easy availability of developable land and lower ticket size as compared to areas close to the city centre has made it a preferred choice of realty developers and investors. Projects such as the widening of roads and the development of large-sized townships are improving real estate prospects of Devanahalli further. Kempegowda International Airport is located approximately 5 kilometers south of Devanahalli. This locality has its own railway station i.e. Devanahalli railway station. Moreover, this area is located along the Bangalore-Hyderabad Highway due to which it enjoys sound road connectivity.
Average property rates at Devanahalli recorded 9.5 percent appreciation in the last one year. The property rates vary from Rs 4,380 per sq ft and Rs 4,800 per sq ft. According to experts, capital values will rise here with the development of the airport in the vicinity and other infra projects.