Residential Plot For Sale in Devenahalli Bangalore
1. Location: Devanahalli
- Overview: Devanahalli, located in the northern part of Bangalore, is an area rapidly transforming into a significant residential and commercial hub. Known for housing the Kempegowda International Airport, Devanahalli has gained attention due to its strategic location, excellent connectivity, and ongoing infrastructural development. In recent years, the area has seen a surge in real estate activity, with numerous gated communities, luxury villas, and residential projects catering to the city’s growing population. The locality’s proximity to major IT hubs and smooth connectivity to central Bangalore makes it an ideal choice for homebuyers and investors alike.
2. Community Type: Gated Community
- Benefits: This property is situated within a gated community, which is a preferred option for buyers who value security, exclusivity, and community-focused living. Gated communities offer several advantages, such as 24/7 surveillance, controlled access, and a peaceful environment free from heavy traffic. Residents enjoy a range of shared amenities like parks, playgrounds, and walking trails, fostering a sense of community and well-being. For families and individuals seeking a safe and friendly environment, a gated community in a developing area like Devanahalli is an ideal choice.
3. Property Use Type: Residential
- Suitability: The property is designated for residential use, making it suitable for building a private home. Residential plots within gated communities are ideal for families and individuals looking to escape the city’s busy life while maintaining convenient access to essential amenities. With Devanahalli’s growth as a residential and commercial zone, this property offers excellent potential for those looking to build a custom home in a serene environment. The residential zoning ensures that the neighborhood remains focused on family living, without the interference of industrial or commercial activities.
4. Katha Type: A-Khata
- Significance: The property is classified as A-Khata, which indicates that it has all the necessary approvals and complies with local municipal regulations. A-Khata properties are highly desirable as they provide a sense of legal security and are often eligible for bank loans, which adds convenience for buyers who may require financing. The A-Khata status reflects that the property has clear documentation, making it easier to handle future transactions, obtain permits, and enjoy full legal ownership. This classification is a significant advantage, as it eliminates the concerns often associated with B-Khata properties.
5. Plot Dimensions: 2000 Square Feet
- Details: The plot size is 2000 square feet, offering substantial space for a residential building. With this area, there is ample flexibility for a well-planned layout, allowing homeowners to build a spacious, multi-level residence with additional amenities like a garden, parking, or backyard. Larger plots provide more room for customization and open up possibilities for adding luxury features like a landscaped garden or patio, creating a comfortable and functional living environment. Such plot dimensions are perfect for families who value space and wish to incorporate personalized design elements into their home.
6. Facing of Plot: East-Facing
- Orientation: The plot faces east, a highly favored orientation in Indian culture, especially among those who follow vastu principles. East-facing plots are believed to bring positive energy, prosperity, and good health, as they receive the morning sunlight, creating a bright and refreshing ambiance. Many buyers seek east-facing plots for their alignment with traditional values, and they are often considered ideal for residential buildings. Additionally, east-facing homes tend to be well-lit throughout the day, reducing the need for artificial lighting and creating a welcoming atmosphere.
7. Approach Road Size: 40 Feet Wide Road
- Accessibility: The property has access to a 40-foot-wide approach road, ensuring easy entry and exit for vehicles. A wider approach road provides convenience for residents, particularly in gated communities where there is a higher volume of movement. Wide roads improve traffic flow, reduce congestion, and offer a more spacious feel to the neighborhood. The 40-foot road also adds to the property’s appeal by allowing for smoother access and supporting larger vehicles, which is particularly beneficial for families with multiple cars or for future resale value.
8. Water Source: Borewell
- Supply: The water source for the property is a borewell, a reliable option in areas where municipal water supply may be limited or unavailable. Borewell water provides independence in terms of water supply, making it ideal for gated communities in semi-urban or developing areas. However, buyers are advised to assess the water quality and check for adequate groundwater levels to ensure sustainable usage. Borewells have become a widely accepted solution in areas like Devanahalli, where development is ongoing, but municipal infrastructure is still catching up.
9. Boundary Wall: Completed
- Security and Privacy: The property already has a boundary wall, which is a valuable addition as it defines the property limits, enhances security, and provides privacy. A boundary wall creates a clear separation from neighboring plots and helps protect the property from unauthorized access. Additionally, having a boundary wall increases the plot’s aesthetic appeal, making it more visually appealing and well-defined. This feature saves prospective buyers the additional cost and effort of constructing a boundary wall, allowing them to focus on the design and construction of their home.
10. Price per Square Foot: ₹7,000
- Rate Comparison: The asking price for this property is ₹7,000 per square foot, which is competitive for a gated community in a developing area like Devanahalli. Given the area’s ongoing growth and the presence of major infrastructure projects, this rate reflects the potential for property value appreciation over time. Buyers should compare this rate with other properties in the area to evaluate its market competitiveness. As Devanahalli continues to grow as a prime residential and commercial zone, property values are likely to rise, making this an attractive rate for early investors.
11. Total Price: ₹1.5 Crore
- Investment Value: The total cost for the plot is ₹1.5 crore, calculated based on the per square foot rate and the plot’s area. This pricing is reasonable, considering the advantages of a gated community, the east-facing orientation, and the established boundary wall. Buyers should consider this as a strategic investment, as Devanahalli’s proximity to the airport and major highways, along with infrastructure development, indicate long-term value appreciation. The area’s potential for real estate growth makes this price a worthwhile investment for those seeking both personal use and future returns.
12. Negotiable Price
- Flexibility: The property’s price is negotiable, providing prospective buyers with an opportunity to discuss and potentially lower the price. Negotiable pricing adds flexibility, allowing both the buyer and seller to reach a mutually beneficial agreement. Buyers are encouraged to leverage this aspect during negotiations, taking into consideration factors such as the location, community features, and plot amenities. Being able to negotiate the price can make the property even more appealing, especially when paired with financing options available due to its A-Khata status.
Investment Potential and Summary
This east-facing plot in Devanahalli offers an excellent investment opportunity for buyers seeking a residential property in a fast-growing area. With 2000 square feet of space, an A-Khata classification, a boundary wall, and a gated community setting, the property is primed for both immediate construction and long-term value appreciation. The east-facing orientation and spacious 40-foot approach road add to the property’s appeal, making it an ideal choice for families looking to build their dream home with ample room for customization.
Devanahalli’s ongoing development, driven by its proximity to the airport and planned infrastructure projects, promises significant growth potential for real estate investors. With a negotiable price of ₹1.5 crore, this plot is competitively priced and provides flexibility for buyers to secure a favorable deal. Whether for personal residence or investment, this property represents a valuable asset in one of Bangalore’s most promising localities.
