Devanahalli-An Upcoming Real Estate Destination

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Devanahalli-An Upcoming Real Estate
Destination
By Thomas Andrew
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• Devanahalli is a Town Municipal Council in
  Bengalurus rural district.
• It is the birth place of the well-known monarch
  Tipu Sultan. Also found here is the Devanahalli
  Fort built in 1501 by the monarch Dyavegowda (the
  predecessor of Tipu Sultan). 
• Many temples with beautiful sculptures can be
  found in the town inside the Devanahalli Fort, of
  which the Venugopalaswamy temple, which faces the
  main road, is the oldest.
• There are many business parks and IT companies
  coming up in Devanahalli, which is booming up the
  Devanahallireal estate prices.
• The town is situated at about 40kms to the north
  east side of Bengaluru.
• It is located at the site of newly constructed
  Bengaluru international airport, which is the
  second largest in the whole of India.

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• Many gated residential communitiesand villas in
  Devanahalli are up trending now.
• The Outer Ring Road helps connect this place with
  other commercial areas of the city.
• The Karnataka Government has planned a 6 lane
  carriageway, which will form a link between the
  Outer Ring Road and the Satellite Town Ring Road
  in Devanahalli.
• This will consecutively help improve the
  connectivity between NH-7 and the non-CBD
  commercial areas like Hosur and Whitefield.

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• There are many industrial parks in this locality,
  which has boosted and helped increase the number
  of residential properties in Devanahalli.
• The town is also situated near the upcoming 22
  billion project of BIAL IT investment region,
  which is said to be the largest IT region in
  India.
• And there are 3 more IT/ITESparks have also been
  planned by the Karnataka Industrial Areas
  Development Board (KIADB) for Hardware, IT/BT and
  Aerospace.
• With these projects coming up, the residential
  development in this locality is sure to improve.
• Integra Micro Systems, ITC InfoTech India Ltd.,
  SAP Labs India Pvt. Ltd., and Manthan Systems are
  few of the companies found near this locality.

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• Devanahallis real estate situation is slowly
  making a progress, from being a smallto now being
  arealty hub.
• With many upcoming commercial projects and
  industrial developments, plots in Devanahalli are
  expected to get more costly.
• A few of them include the Prestige Estates
  Projects, Hiranandani Apartments, Hiranandani
  Villas, The Retreat, Brigade Orchards, Swiss
  Towns and Sobha Developers.
• Residential plots for sale in Devanahalli are
  priced in the range of Rs. 9639 to Rs. 10266 per
  square yard.
• Brigade Orchards villas, an integrated township
  is selling villas at Rs.2.90 crore each.
• Multi-storey apartments are priced at an average
  of Rs. 3861 per square feet.
• 3BHK villas are priced in the range of Rs. 77
  lakhs to Rs. 7.50 crore.
• With the growing property market and many new
  housing options like flats, cottages, villas and
  row houses, the rates are expected to increase
  even further.