Check Out The Growth Story Of Yelahanka And Some Of Its Promising Projects

Yelahanka, formerly known as Elavanka, is a bustling suburb and mixed-use realty market in north Bengaluru. With an average contribution to the overall Bangalore real estate market, Yelahanka reflects the true beauty of Bengaluru with its breath-taking features like Kere lake and Puttenhalli lake, which is also a bird sanctuary. Also, the largest facility of Mother Dairy in Karnataka and an Indian Air Force base are nestled here.

The region is a self-sufficient township and is further sub-divided into Old Yelahanka and New Yelahanka. The former is known for its swanky locales and quaint bungalows while the latter is ideal for contemporary housing. Proximity of Yelahanka to the Devanahalli Airport as well as important IT organisations gives the town an edge over other popular localities.

PropGuide identifies the primary reasons which make Yelahanka a lucrative investment destination in Bengaluru.

An end-user's market

Yelahanka delivers everything that is essential for a quality lifestyle - civic amenities, infrastructure and a serene environment. The location has a huge inventory for both luxury as well as affordable housing. Most of the residential units in the area have been developed by the Karnataka Housing Board. Recently, the locality has seen a significant growth in township projects as well as under construction properties in Yelahanka, undertaken by real estate giants.

The region is replete with quality social infrastructure entailing schools, hospitals, restaurants as well as shopping complexes. Yelahanka is a thriving financial centre and is home to offices of renowned companies such as Wipro and Infosys. Offices of well-known companies like Federal-Mogul Goetze (India) Limited, ABB, Sri Pradhyumna Technologies, Astra Zeneca Pharmaceuticals, Hobel Flexibles and Elecon Measurements are also located at Yelahanka. 

Hebbal-Yelahanka Elevated Expressway facilitates the connectivity to and fro the nearest airport and Yelahanka. A 6-lane Dual Carriage Highway as well as National Highway 7, further enhances the connectivity factor. Several government-led projects are coming up in this locality which shall provide an infrastructural facelift to the neighbourhood.

Price trends and Future potential for Yelahanka market

Apartments in Yelahanka are available at attractive prices. They range between Rs. 4,000 per sq ft for a 1 BHK home to Rs 6,000 per sq ft for 3+ BHK residential units. Rental properties too are available at reasonable prices, of Rs 15,000-20,000 per month for 2, 3 and 3+ BHK living spaces. This varies depending on the exact location, the kind of amenities provided and proximity to conveniences.

Yelahanka - Doddaballapur Road is a key link to Yelahanka and holds lucrative investment opportunities in the future too. The demand for housing is expected to grow in the coming days, despite a prevalent water supply issue. The region will see decent appreciation in property prices as well.

Residential properties for investment

Active players in Yelahanka market include Prestige Group, Godrej Properties, Puravankara, Shriram Properties and Unitech Group. Key properties worth investing in include:

Prestige Royale Gardens: A 22.5-acre residential property comprising 1, 2 and 3 BHK apartments ranging between 602 sq ft to 1,765 sq ft. 1312 units are available and boast luxury amenities.

Godrej Avenues: With a sprawling area of 6.3 acres, this beautifully designed gated community offers 420 units of 1, 2 and 3 BHK homes of sizes varying between 629 sq ft to 1,721 sq ft. A Vastu-compliant housing complex, there are a gamut of lavish amenities available including a swimming pool, a gymnasium, a clubhouse and a children's play area.

Unicon Shelters North Brooks 46: A mini project of 3.1 acres of total area, North Brooks 46 presents world class living spaces of 2 and 3 BHK configurations ranging in sizes between 1,041 sq ft to 2,398 sq ft. 169 units in total are available along with high-end amenities viz. a gymnasium, a swimming pool, a clubhouse and a cafeteria.