Devanahalli, located approximately 40 kilometres to the north east of Bangalore city is a municipality in Bangalore rural district. This is the location of the Kempegowda International Airport, which spurred an unprecedented and hitherto unexpected growth of Devanahalli town. The establishment of this air terminus began the real estate boom of this locality, which is growing by the day. Quick on the heels of the development of the airport came the establishment of the Devanahalli Business Park and two other IT parks in the locality adjoining the airport, spanning nearly 400 acres. Today, under development in this area are an aerospace park, a financial city, and a science park, among others. The 12,000-acre BIAL investment region is also located here, which is tipped to be the largest IT region in India. There is also the development of several private IT parks in the vicinity. All of this commercial development has led to the influx of a large number of residents into the area, all looking for residences close to their work spaces. This in turn has led to a boom in the real estate market of Devanahalli and its surrounding areas. While apartment complexes are still the real estate investment choice of many individuals, the trend today is moving towards plotted developments with more and more investors looking to invest in a plot of land. These investors are looking to construct their own homes that are unique to their personality and tastes. This has led to the subsequent launching of a number of premium plotted development projects such as Vaishnavi Life in and around Devanahalli in 2021. These plotted developments are high-end and modern, featuring numerous eco-friendly features, well-developed and constructed plots, and a number of luxurious amenities for the residents. Potential investors in real estate in Devanahalli today are spoilt for choice when it comes to plots as there are several projects launched by all the major real estate developers and a wide array of plots of differing configurations and prices available.
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