Thursday, February 23, 2012

Buying a plot in Devanahalli? Lot of MagicBricks users are interested to know about the return that can be expected from plot investments in and around Devanahalli. With the Bangalore International Airport, prices have zoomed far beyond the imagination.


A user from magicbricks.com, who has a 2400 sq.ft residential plot in Devanahalli, 5 km from the airport is keen on knowing the current value of the plot.

Devanahalli is a developing town in North Bangalore, well-connected to NH7 and NH207. The locality has good number of IT companies, schools, colleges and hospitals. In addition, it is well-connected via road and rail. The residential plot value in this region ranges between Rs 4500 per sq yd to Rs 11,250 per sq yd. Similarly, another user who has fully developed land of 2400 Sq. ft. with water, electricity and compound wall facing east would like to know the current price. The plot is 5 Km from Devanahalli International Airport and Town Police Station on NH 207 National Highway.

The property prices in Devanhalli have gained huge momentum. Courtesy Bangalore international airport and the ITIR (information technology investment region) which is coming in 10000 acres with a huge township.

The residential plots in Devanhalli ranges from Rs 7000 per sq yard to 9000 per sq yard depending on area, location and other property attributes. Take a case of another user who has a 5800 sq ft plot in Bangalore, Devanahalli (The Green Agro Pack project) and would like to know the return on his investment.

The Green Agro Pack project is quite popular in this area. The capital value for plots around this project would range from approximately Rs 4,000 per sq yard and go upto Rs 18,000 per sq yard, according to MagicBricks site data. This depends upon factors like the location, abutting road width, neighbourhood profile, accessibility and distance from commercial centre.

Source: Magicbricks.com

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