The northern stretches of Bangalore have witnessed a surge in real estate activity, with Jakkur emerging as a standout location. Its strategic proximity to the international airport and the upcoming Blue Line of Namma Metro has catalyzed growth across residential, commercial, and retail sectors in the Hebbal-Devanhalli corridor.
What sets Jakkur apart is its tranquil environment and the availability of a developed residential community. Homebuyers looking to get away from the saturated micro markets of Bangalore are appeased by the calmness offered by this upcoming hub. Areas like Judicial Layout have seen a surge, making it an active market for real estate enthusiasts.
Affordability and long-term gain are other attractive facets of Jakkur; investors eyeing residential plots in this vicinity are witnessing rates surpassing INR 16,000 to 20,000 per square foot. Projections indicate an impressive annual capital value appreciation ranging from 5% to 15% over the next four to five years, making now an appropriate time to invest and fetch steady yields.
Moreover, high-net-worth individuals (HNIs) are increasingly drawn towards investing in this micro market, given that it offers a serene living experience away from the chaos of the city, but is well-connected to the city’s key hubs. This trend has brought the Jakkur segment into sharp focus for real estate stakeholders, whether on lease or for an outright purchase.
In conclusion, Jakkur stands as a beacon of potential in the North Bangalore real estate landscape. With strategic advantages and a burgeoning market, it offers a compelling case for investors looking to tap into the region’s future growth.
Source: colliers.com