Devanahalli
Devanahalli, a historical town known for its vibrant culture and growing IT industry, is the home to Kempegowda International Airport, Bangalore.
Location Information
Overview
The real estate market in Devanahalli includes a wide range of options from affordable housing to luxury villas. Prices range from INR 4,500 to 7,500 per sq ft. With the IT boom and proximity to the airport, the market has seen a steady growth rate.
The Lifestyle
The lifestyle in Devanahalli is a unique mix of traditional rural life and modern urban amenities. With the influx of IT companies, it has seen a surge in urban development while still preserving its cultural heritage. The community, a blend of locals and cosmopolitan residents, is warm and welcoming.
Attributes
Growing IT hub | Rich historical heritage | Strategic location near Bangalore | Rapidly appreciating real estate | Proximity to International Airport
You're sure to adore
Devanahalli is a perfect blend of past and present. Its historical monuments, serene environment, and the rapid urban development offer a unique living experience. Moreover, its growing real estate market provides excellent investment opportunities.
The Market
Devanahalli is experiencing rapid growth due to its proximity to the Bangalore airport and the presence of several IT parks. The real estate market is flourishing with a wide range of options from affordable housing to luxury villas.
Connectivity
Airport
Devanahalli is home to Kempegowda International Airport, one of the busiest airports in India, located about 4 km south of the town.
Bus
The town is well-connected by the Karnataka State Road Transport Corporation (KSRTC) buses, providing frequent service to Bangalore and other nearby cities.
Train
The nearest railway station is Devanahalli Railway Station, which is part of the South Western Railway zone.
Road
Devanahalli is strategically located off National Highway 44, providing excellent connectivity to Bangalore and other major cities.
Social Infrastructure
Educational Institutions
Renowned institutions like Akash International School, Oxford English School, and Leena Multispeciality Hospital are located in Devanahalli.
Hospitals
Prominent healthcare institutions include Akash Hospital and Leena Multi Speciality Hospital providing quality medical services.
Crime Rate
The crime rate in Devanahalli is relatively low compared to other suburban areas, making it a safe place to live and invest.
Geography
Soil
The soil in Devanahalli is primarily red loamy soil, suitable for agriculture especially sericulture and horticulture.
Topography
The region is characterized by flat and gently sloping terrain, with an average elevation of about 915 meters above sea level.
Altitude
The town is situated at an altitude of approximately 915 meters above sea level.
Flora & Fauna
Devanahalli is home to diverse flora including eucalyptus and silver oak trees, and fauna such as various species of birds and small mammals.
Climate
Season at a Glance
The region experiences a tropical savanna climate, with distinct wet and dry seasons. The best time to visit is during the cooler months from October to February.
Rainfall
The average annual rainfall in Devanahalli is approximately 700 mm, with the monsoon season typically occurring between June and September.
Temperature
The temperature in Devanahalli ranges from a minimum of around 15°C in winter to a maximum of around 35°C in summer.
Real Estate Trends
Rental Yield
The rental yield in Devanahalli is around 3-4% annually, making it a promising destination for real estate investment.
Capital Appreciation
Due to the rapid development and upcoming projects, there has been a steady capital appreciation of around 5-8% annually in the last few years.
Average Price per sq.ft
The average price per square foot in Devanahalli is approximately INR 4500 - 5500, varying based on the type and location of the property.
Demand & Supply Dynamics
The demand for real estate in Devanahalli is high due to its strategic location and development. The supply is also keeping pace, with many new projects coming up.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 100-150 Airbnb listings in Devanahalli, ranging from private rooms to entire villas.
Revenue Potential
With increasing tourism and corporate development, the revenue potential from real estate and hospitality in Devanahalli is high.
Occupancy Rate
The average occupancy rate for rental properties in Devanahalli is around 70-80%, and for hospitality properties like Airbnb, it's around 60-70%.
ADR
The average daily rate (ADR) for an Airbnb property in Devanahalli is approximately INR 2500 - 3500.
RevPar
The revenue per available room (RevPAR) in Devanahalli is around INR 1800 - 2500, considering the occupancy rate and ADR.
Investment Guide
1. Invest in properties near the airport or IT parks for better rental yield.
2. The demand for luxury villas and gated communities is on the rise.
3. Consider investing in commercial properties due to the IT boom.
Places to Visit
20 km | Popular hill station destination for day trips
18 km I Offers vineyard tours and wine tasting sessions It is a popular destination for nature enthusiasts and travelers seeking serenity. The location offers grover zampa vineyards with opportunities for grover zampa vineyards and exploring the natural beauty of the area.
20 km | Historic temple with cultural significance.
20 km | Popular hill station destination for day trips