Buying a property in Devanahalli, Bangalore is beneficial for various reasons. Apart from being one of the most preferred locations within the city, it also has several other benefits that prospective homebuyers should look into before finalizing their property choices. Let’s take a look at some of them:
A Short history of Devanahalli
The place where Devanahalli is situated today was once a dense forest. In the 18th century, a temple was constructed in the area, and it was called Devanahalli or “the abode of the goddess.” The name Devanahalli was derived from the name of the temple. Today, this Bangalore locality is best known for the popular Devanahalli Park, one of the most scenic parks in the city. The park is also a hotspot for many outdoor activities and is also a favorite picnic spot for Bangaloreans. The popular and scenic Devanahalli Lake is another attraction that draws visitors.
Location Advantage of Buying Properties in Devanahalli
Devanahalli is located in the Bangalore North region. It has a total population of 7 lakh, of which half live in the rural area. The city is located on the bank of the river Koratagere, and is surrounded by lush green forests. It is a perfect combination of nature and city life. The place offers a perfect blend of culture, modernity, and a laidback living environment. The place is also known for its good education system, and many schools and colleges have come up in recent years.
Affordable Property Prices
Apart from its scenic beauty, Devanahalli is also known for its affordable property prices. The average price of an apartment in the city is around Rs 1.5 crore, which is quite a reasonable price. If you take the value per sq ft ratio, the price of an apartment in this city is also one of the lowest in the country.
Ease of Financing Homes in Devanahalli
One of the biggest advantages of buying property in Devanahalli is the ease with which you can get a loan for the purpose. It is very easy to get a loan for property in this place as compared to many other cities in India. You can even get loans based on your source of income. You can also get loans based on the value of your property. Thus, you can easily get a loan to buy your dream property in Devanahalli.
Co-operative Societies for a better living environment
Many of the new-age real estate agents and property consultants recommend the buyer to opt for buying a property in a Co-operative Society. They say that the societies offer better living environment, better amenities, and better security than an individual homebuyer. Apart from that, it is also known for its strong community ties. Co-operative Societies have many benefits that make it a better option for homebuyers. The societies are promoted by the citizens themselves and are governed by a Board of Directors elected by the members. The members also elect the managing committee of the society. Apart from being a better long-term investment option, the co-operative societies can also be used as a dwelling option by the members.
Brigade Oasis is an upcoming plotted development project by Brigade Group. The project is located in North Bangalore with great connectivity.
Devanahalli is one of the best places to purchase a property in Bangalore. The place has a strong reputation for being an up and coming residential location, with plenty of potential in the coming years. It is also known for its scenic beauty and affordable property prices. All these factors make it a great place to settle down and buy a home. If you are looking to buy a property in Devanahalli, then you have come to the right place. Our team at Property Marketers has reviewed and ranked the top 10 suburbs in Devanahalli. We have also added useful information about each suburb, such as their property prices, the ease of financing a home, the best schools and colleges nearby, and more. So, make sure you take a look at our list and choose the best Devanahalli suburb for