North Bengaluru is experiencing significant growth due to several factors:

  1. Proximity to the Airport: The Kempegowda International Airport in Devanahalli has been a major growth driver1.
  2. Commercial Growth: The area is attracting research and development, aerospace, automobiles, and pharmaceutical companies1.
  3. Residential Demand: This commercial expansion has increased the demand for residential properties1.
  4. Infrastructure Development: Projects like the Metro Rail Phase 2B, Peripheral Ring Road, and Satellite Ring Road are improving connectivity2.
  5. Employment Opportunities: North Bangalore is expected to add around 3,50,000 new jobs by 2025, capturing about 30% of the overall office absorption in the city2.
  6. Shift in Work Profile: There’s a shift from IT/BPM to high-value consulting, analytics, and R&D-oriented jobs2.
  7. Real Estate Potential: With 15,000 existing units and a supply requirement of over 1,00,000 units by 2025, the real estate market is booming2.
  8. Aerotropolis Development: The Bengaluru International Airport Area Planning Authority (BIAAPA) region is developing as India’s first aerotropolis, with high demand for offices and residential units2.
  9. Job Creation: By 2030, the aerotropolis area alone is expected to employ around 250,000 people1.
  10. IT and ITeS Sector: This sector remains the key occupier group, with a high demand for quality office spaces1.
  11. Post-COVID Office Market: There has been a progressive demand for office spaces post-COVID, especially for satellite offices1.
  12. Metro Connectivity: The upcoming Namma Metro corridor to the Bengaluru International Airport is a pivotal catalyst in the area’s development2.
  13. Road Connectivity: The government is exploring building tunnel roads to connect KIA with IT corridors and the city center2.
  14. New Metro Route: A proposed 37-kilometer new Metro route from Hebbal to Sarjapur is under consideration2.
  15. Commercial Hub: North Bangalore is fast emerging as a new business hub with several tech, aerospace, automobile, and pharmaceutical establishments1.
  16. Residential Growth: The commercial growth has increased the residential catchment potential, with a supply requirement of over 100,000 units by 20251.
  17. Infrastructure Thrust: The thrust on infrastructure development, including Metro Rail Phase 2B, Peripheral Ring Road, and Satellite Ring Road, will provide much-needed connectivity1.

These factors contribute to making North Bangalore a vibrant and rapidly developing region of the city. These points underscore the multifaceted development that North Bangalore is experiencing, making it a significant growth destination in the city. Courtesy: CoPilot