If investment in a residential property is all on your mind, then micro-markets near the Bangalore airport would be worth considering. Some of the key localities, which can be considered for residential investment near the Bangalore’s Kempegowda Airport include, Devanahalli, Yelahanka, Kogilu, Jakkur and Hebbal.

Taking note of Bangalore’s demography, the maximum population in the city comprises migrant millennials who majorly quoterely on air transport for frequent travels and prefer staying in areas close to the aerodrome. In such a scenario, buying a residential property near the airport would be the most prudent and lucrative decision, particularly for the investor class.

Investment in a property near the airport would not only ensure consistent tenant flow but healthy returns as well. Historically, it has been noticed that properties near infrastructure projects witness a relatively higher capital appreciation vis-à-vis properties located away from such developments. Therefore, higher resale value is another significant benefit of buying a property near the airstrip.

Key areas to consider for residential investment near the Kempegowda International Airport, Bangalore, are:

 

Localities

Average Weighted Capital ‘Asks’ (in per sq ft)

Capital Appreciation (in the last five years)

Devanahalli

 

Rs 4,650 -5,480

 

17%

Yelahanka

 

Rs 4,250 -5,350

25%

Kogilu

 

Rs 4,700 - 6,000

27%

Jakkur

 

Rs 4,670 - 5,990

28%

Hebbal

 

Rs 5,400 - 6,900

27%

Source: The capital values are an average of listings posted on 99acres.com

Devanahalli

Distance – 12.2 km; travelling time- 16 minutes

Devanahalli, situated in the north of Bangalore, is one of the fastest growing locales of the city and comprises of more than 200 residential projects. The area is replete with a host of residential developments. While one can find properties across different formats, 2 BHK and 3 BHK configurations remain the most supplied. However, one of the noteworthy highlights of Devanahalli has been its proximity to the international airport. Besides, its emergence as an IT hub has also added to its reputation. The area is home to some of the famous technology parks in the town such as Hardware Tech Park, International Tech Park and Aero SEZ. There are also plans to develop a Science Park and Financial City in the region.

Other facilities that Devanahalli offers include plenty of entertainment and health care options. A few of them are Element Mall and Phoenix Mall, and Akash Hospital and Leena Multispecialty Hospital. Moreover, it also ensures excellent connectivity network via NH-7.

Yelahanka

Distance – 17.9 km; travelling time- 22 minutes

The eminent micro-market of Yelahanka  holds tremendous investment potential backed by its vicinity to the international airport and the noted IT hub of Hebbal, and the competitive average weighted capital ‘asks’.

Sushil Mandal, a city-based broker, Champion Infratech Pvt Ltd, believes that Yelahanka’s emergence as a commercial district coupled with the infrastructure boost is expected to augment population influx in the area and trigger its residential demand, particularly in the rental segment. Therefore, Yelahanka is the most-suitable market in regards to real estate investment. The area also boasts of seamless connectivity to reputed neighbourhoods of Whitefield, Hebbal and Manyata Tech Park via Outer Ring Road (ORR). Besides, many schools, grocery stores, malls and hospitals are also present that add to the residents’ convenience in Yelahanka.”

Kogilu

Distance – 19.9; travelling time- 26 minutes

Kogilu is another rapidly growing locale in the State capital. Strategically planned between Hennur Road and Bellary Road and in proximity to Manyata Tech Park, Kogilu has emerged as a preferred housing market amidst the working populace. Furthermore, it is endowed with a host of amenities and facilities and has climbed up the popularity charts mainly owing to its high livability quotient and the presence of several reputed builders. Some of the Category A builders present in Kogilu are Sobha Limited, Mahaveer Reddy Structures, Brigade Group, and Samruddhi Realty Limited, among others.

Jakkur

Distance – 25.7 km; travelling time- 37 minutes

Jakkur has grown to be a favourable precinct in the city majorly owing to its exponential residential growth, nearness to high-end Sahakar Nagar and thorough connectivity via six-lane expressway. Moreover, its unparalleled infrastructure has also added to its popularity index. Hassle-free metro access at Byappanahalli  (8.7 km) and varied options in entertainment, health care, bank and shopping have made it a housing haven amidst buyers and tenants.

Hebbal

Distance – 28 km; travelling time- 34 minutes

Hebbal, one of the prominent residential pockets of the city, has grown to fame primarily due to its locational advantage. The area is situated only 10 km from the city-centre and ensures robust commuting facility via Bellary Road and Nagavara Circle. Additionally, Hebbal is a premium commercial centre of the city with hordes of Multi-National Companies (MNC) and IT firms which make it an ideal residential location for professionals and the investor community.

While Devanahalli, Jakkur, Kogilu and Yelahanka would be the best-suited options for middle-class investors, Hebbal being an affluent micro-market would be appropriate for high-end stakeholders. Moreover, though Hebbal offers all the benefits of a premium location, it is nearing its saturation, and the property rates are unlikely to grow beyond a certain level. Whereas, investment returns in Devanahalli, Jakkur, Kogilu and Yelahanka are estimated to increase by 10-15 percent in the next couple of years.