Doddaballapur: North Bengaluru’s Real Estate Goldmine

01 Nov 2024

North Bengaluru, once a quiet suburb, has transformed into a vibrant, well-connected micro-market. The region's Doddaballapur area is particularly attracting substantial attention from investors and buyers. Mega infrastructure projects, industrial growth, and upcoming unique residential projects in the area make Doddaballapur a realty hotspot. It is said that Doddaballapur is the next Devanahalli as a location in the next 3 to 5 years.

As an emerging peripheral region, Doddaballapur is witnessing significant infrastructural developments. These infrastructure projects are being implemented to align the area's connectivity with the city while retaining its natural beauty. The most awaited development is the four-to-six-lane Satellite Town Ring Road (STRR) project that will decongest traffic and connect outer suburbs to Bengaluru's main highways. Once completed, the under-construction 80.8 km long STRR will link Bengaluru’s 12 major satellite towns and cut travel time to major business districts besides linking Doddaballapur with the city’s IT hubs. Likewise, the Rs 27000-crore Bengaluru Business Corridor (BBC) project under the Public Private Partnership model is another commendable initiative designed to connect this area with the rest of Bengaluru.

The Karnataka government's ambitious plan to establish a Knowledge, Wellbeing & Innovation (KWIN) city in Doddaballapur is further driving growth and creating abundant job opportunities. This move will reinforce the state's economy, attract top talent and boost demand for quality housing. Additionally, Indira Gandhi Biological Park, a 153-acre green space modelled after Bengaluru’s Lalbagh Botanical Garden is underway in Madappanahalli near Yelahanka to provide residents with ample breathing space by creating more green areas. Planned as a medicinal plant garden, bird sanctuary, mini zoo, and biological forest, this lush expanse will bring a unique blend of biodiversity to the region, besides enhancing its appeal to both residents and nature lovers.

Industrialisation & Diversification Doddaballapur was traditionally renowned for its silk industry. However, the suburb is now seeing a diversification of sectors, including IT, electronics and automotive industries, which have boosted the region’s economic growth. For instance, Foxconn’s “Project Elephant,” an iPhone assembly plant will likely increase the demand for affordable and quality housing in Doddaballapur. Additionally, the upcoming 12,000-acre BIAL IT Investment Region in nearby Devanahalli will significantly elevate housing demand by generating thousands of employment opportunities in the region.

Professionals and students are attracted to Doddaballapur because of its thriving IT hubs and student-centric areas. Since new industries are coming up in the region, real estate developers in Doddaballapur are offering mixed residential offerings to suit buyers' budgets and preferences. The developments, ranging from gated communities and luxury villas to affordable apartments, cater to the needs of the growing workforce as well as investors seeking long-term investment returns. The area's booming industrial sector makes Doddaballapur an attractive hub for investors as they know that the region's industrial growth will result in property value appreciation in the near future.

The Charm of a Serene and Green Environment Doddaballapur, known for its peaceful, natural environment, offers a slow and serene setting coupled with other myriad natural attractions such as Nandi Hills, Avalahalli Forest, and the scenic Makalidurga Trek. These outdoor retreats provide ample recreational opportunities for nature lovers and weekend explorers. Despite its proximity to the natural landscapes, Doddaballapur doesn’t lack modern conveniences. The area is well-equipped with essential amenities such as shopping centres/recreational facilities.

Also, Doddaballapur’s rich historical roots add a layer of charm to the area. The town holds both cultural and mythological significance. This heritage, combined with the modern development boom, makes it a unique investment opportunity that connects the past and the future.

Plotted Developments offering Unique Investment Opportunities One of the standout projects in Doddaballapur is KNS Candrill, an expansive 27-acre gated community offering thoughtfully designed, plotted developments. With 449 plots ranging from 1,200 to 2,400 square feet, this development gives homebuyers the flexibility to create custom homes tailored to their preferences, catering to a variety of lifestyle needs.

KNS Candrill's tranquil, nature-rich surroundings add to its appeal, offering residents a serene living environment just a short drive from Bengaluru’s IT corridors and industrial hubs via Doddaballapur Road. This strategic connectivity allows professionals to enjoy a peaceful lifestyle without sacrificing accessibility.

With infrastructure steadily improving and demand rising, projects like KNS Candrill highlight Doddaballapur’s growing attraction as an investment hotspot. As the area continues to develop, its reputation as a thriving investment destination is only set to strengthen.

The article is authored by Srinivasan Gopalan, CEO, Arisinfra Solutions Ltd. Srini has more than 25 years of experience of which over 15 years is in real estate sector. In his various roles as CEO, COO & CFO of leading real estate developers in Bangalore & Mumbai (Ozone group and The Wadhwa Group). Srini has been at the forefront of leading the Real Estate development business across all asset classes of Residential / Commercial / Retail & Integrated Townships. He is a notable speaker and thought leader on various platforms for the RE Industry.

In his earlier avatar, Srini has run businesses in other industries like agrochemical (Gharda Chemicals), dot com (Chembourse.com) and heading a knowledge partnering company to the global pharma industry (ROW2 technologies).

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