Nandi Hills as investment and second home destination

Nandi Hills as investment and second home destination
26/09/2018 , by , in EXPERT ZONE

Nandi Hills is a wonderful tourist spot and is additionally one of the quickest developing areas on the outskirts of Bengaluru. This well-known vacation spot at present has numerous ongoing and completed new residential projects under construction and lies near areas like Devanahalli and Doddaballapur.

The demand for Nandi Hills real state has boomed, because of the Information Technology Investment Region (ITIR), which is set to come up in the region. Nandi Hills region has seen major developmental activities, with the IT boom acting as the main catalyst. Thus, request has shot up quickly among investors, for plots and villas in Nandi Hills. Nandi Hills is known for its delightful hills and lies 60 kilometers from Bengaluru city while Chikballapur town lies 10 kilometers away from it.

The proposed Rs 1, 15,000-crore project for the Information Technology Investment Region (ITIR), involves a 40-kilometer area that is around Nandi Hills, the 8-path Peripheral Ring Road that will be 116 kilometers long, will serve to decongest traffic in the whole stretch, a monstrous food court is also being set up by the Department of Horticulture, a three-and-a-half section of music venue setting for cultural programmes has been proposed. 140-section of land greenhouse with fascinating plants, also proposed and Gondola lift framework for connecting Nandi Hills to Muddenahalli. These are few of many upcoming infrastructures for Nandi Hills.

The trend of buying a second home to work as a holiday or weekend home has caught up in the city, fueled further by the spread of IT. While the peripheral areas in the south and east are dominated by IT hubs, the west has industrial areas. The realty market in the north has recently become active and gradually picked up pace with the relocation of the airport there. There is land available there which is promoting the spread of the holiday homes segment.

The ITIR has supported or boosted the demand for properties in Nandi Hills. Individuals, who are acquiring villas and apartments there, are looking at gigantic future appreciation because of the development of the ITIR near-by. The territory is home to a several weekend properties owned by individuals from Bengaluru city. The territory offers natural air and a pollution free environment. There are good roads connecting the region or area to the main city, as well.

There are numerous prominent builders in Nandi Hills including Prestige, K Citrus Ventures Puravankara, Developer Group Ozone Brigade and others. A portion of the outstanding projects or activities in Nandi Hills incorporate Prestige Golfshire, North Gardens and Valley of the Wind, Other nearby Nandi Hills areas incorporate Devanahalli and Doddaballapur.

Seeing the trend in market, a project is being developed in area by Japanese promoted and funded company, Developer Group, with name of North Gardens. The project is stragically located on Chikkaballapur, Nandi hills and Doddaballapur corridor and offers host of amenities and best in class infrastructure.

Nandi Hills boasts of strong social infrastructure. Reputed schools in Nandi Hills include the Nagarjuna College of Engineering and Technology and GITAM University, Bengaluru.  Leading hospitals in Nandi Hills includes the Narayan Multispecialty Hospital and the Columbia Asia Hospital.

Nandi Hills is the perfect weekend home for many. However, owing to the recent developments, in terms of construction of the ITIR and also for its ease of access to the Bengaluru CBD, this area’s realty sector has received a major boost. Considering the current price trends in Nandi Hills and all of the above factors, it is for certain that demand for residential property is set to rise even more in the future.

The place is full of natural beauty as it is maintained by the Horticulture dept. Full of trees, plants and flowers which are half hidden in the misty clouds.

Lots of play parks for kids and a very old temple. Not many food options though only snacks, water, cold drinks and chips are available.

The place is very calm and beautiful. This is something one would always wish away from the crowded city life

On the hill there are facilities for restaurants etc and hence one can even have a quick bite. The magnanimity of the sun rise and the cold breeze at the same time will make you feel amazing.

The view would be really awesome especially during cloudy weather and when it is about to rain. One can have an awesome view of Rain clouds with water pouring down as rain. At the same time, one can enjoy the atmosphere, ambiance and serenity.

As per the Knight Frank Residential and Office report, announced in June this year, North Bengaluru, in the first half of 2018, the region represented the highest number of residential units notably; areas, for example, Hennur Road, Kogilu and Hebbal saw various of new launches in the premium housing segment. While, areas at Devenahalli, Nandi Hills and Chikkaballapur are seeing interest for Plotted and low rise development.

The real estate industry is showing mark of recuperation, which in this way is empowering investor and end user to enter in the market particularly Bangalore Property Market. With a proposed investment of about Rs 1.4 lakh crore in the Devanahalli-Chikkaballapur area with the ITIR (Information Technology Investment Region) and the Karnataka Industrial Areas Development Board – Bengaluru Aerospace Park, Pharmaceutical SEZ, Resort projects by Taj Group; it is adding to rank this district or region in the rundown of favored investment destinations.

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