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I can say that locality will the ideal one for investment since it is surrounded by most of the IT BT Companies and up-coming NORTH BANGALORE UNIVERSITY.

Cons:

• ROADS ARE TO BE WIDENED

The village, Devanahalli, is located 40 kilometers to the north east of Bangalore. Devanahalli is the site of the newly constructed Bengaluru International Airport, the second largest in India. A multi-billion Dollar Devanahalli Business Park with two IT Parks are coming, on nearly 400 acres adjoining the airport. An Aerospace park, Science Park, and 1000 Crore Financial City are also coming. A new satellite ring road will connect the city with Doddaballapur. Total infrastructure development in the area is estimated to be well over US $30 Billion over the next two years. With significant commercial and residential development in the area, real estate is in high demand in the region.

Pros:

• 12,000-acre BIAL IT Investment Region
• Located 40 kilometers to the north east of Bangalore
• Largest IT Sector of India.

Devanahalli and surrounding area will be the most desirable location in future, because of ITIR Park and SEZ coming in near future. According to BIAPPPA planning authority this location will be the most planned city in India. KIADB as a neighborhood and major residential projects already started and finished. This place will definitely will give you good returns in future.

Pros:

• Airport, ITR, KIADB
• Good connectivity

Cons:

• Population is less and water resources.
• More disputed properties available now a days.

Properties around Devanahalli road are over priced and most of them are unaffordable for the common buyers. However, as mentioned in many surveys, Devanahalli road and the area around the new airport is poised to become one of the most developed region in 5-10 years. Accessibility and the infrastructure projects are going to be the main deciding factors behind the growth of this place. There are tech parks, metro, elevated expressway, many other infrastructure projects which are definitely going to be big factors. There are many high end villa projects ranging from 1.75 Cr to 6 Cr around this area. There are projects from Brigade, Prestige, Sobha, Confident, Embassy, Century, etc. as each one of them wants to cash in on the new airport growth story. At the same time there are many small to medium developers who are offering the land at Rs 1700/sq.ft to 3500/sq.ft. I feel the legally cleared land is a better option than a villa or an apartment if you are willing to wait for 7- 10 years.

Pros:

• Close to International airport
• Land purchase will fetch good returns
• Well planned

Cons:

• Atleast 25 kms far from the nearest street shopping areas
• Residential prices are unaffordable
• Lack of water or civic amenities