10 YEAR CHALLENGE – A LOOK AT YELAHANKA OVER THE YEARS

The town of Yelahanka has existed as early as the 12th century. Although located at the outskirts of the Bangalore City, this area is one of the fastest-growing localities. This year, as predicted by a lot of real estate experts, suburban areas are going to play a key role in the overall development of real estate in Bangalore. With the main parts of the city getting crowded, people have started to move and reside in the outer parts of the city. Realizing this paradigm shift, real estate giants have started investing in the outskirts of Bangalore in areas such as Yelahanka, KR Puram, etc. With the upcoming real estate projects, a lot of infrastructural development is expected in these suburbs. A decade ago people who bought a piece of land in the outskirts or the suburban areas of Bangalore, are now sitting at the centre of the city because of all the development and new real estate projects in the suburbs. Many people believe that  North Bangalore will be the Manhattan of Bangalore City by 2020 as it has a lot of potential for future growth. After the establishment of the international airport in North Bangalore, the real estate market in here has taken off.

One of the areas that are showing a lot of potential for the overall real estate development in the coming years is Yelahanka. Yelahanka has seen a tremendous transformation after the IT boom which took place in the 90s hence the demand for flats and apartments for sale in Yelahanka has gone up at a rapid rate. The National Highway 7 passes through it connecting Yelahanka to the airport along with various business areas as well as beautiful lakes, which has led to an increase in demand for real estate in the area. Yelahanka is one of the least congested zones of Bangalore with wide roads and its own green belt.

Many real estate builders are coming up with their prominent projects in Yelahanka with affordable and mid-range housing and also luxury apartments. These projects include 2&3BHK flats and apartments for sale. Yelahanka is also connected to areas such as KR Puram and Byappanahalli who offer a choice for the upper end of the market. To add to all this, Electronic City has been central to the development of many Information Technology companies and Tech Parks. But let’s agree that the place is getting a little crowded now. Realizing this fact, many upcoming startups and also other well-established companies are choosing Yelahanka now due to its vicinity to some of the major markets in the city.

Considering the pricing of apartments and flats in Yelahanka, there is a huge scope of appreciation, especially due to various planned developments near the airport. Yelahanka offers peaceful neighbourhood and a ton of international schools in its vicinity, something that cannot be ignored. Is Yelahanka the next Electronic City? It’s difficult to say that yet, but the trend does show this to be the truth soon.

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