If we trace the life cycle of a new locality, we will notice that it gets ignored for a while and goes through birth pangs and hiccups. However, an entrepreneurial developer would burst upon the scene to announce the launch of his new residential project. This move would attract the attention of brokers in nearby localities and prompt them to drop anchor here and all of a sudden undertake intense promotion with rosy stories of how the investment proposition is worth considering. This will give an impetus to the market movement and as time goes by, demand picks up and draws more residential project developments.
If the above logic is applied to north Bangalore, then it is not difficult to imagine that this area has traditionally been ignored as it was billed as distant from the city center. But now with the International Airport firmly in the lead among Indian airports, north Bangalore has every reason to see the emergence of a popular ‘north’ of a city in contraindication to the usual stories of ‘south’ cities being the elite localities of any big city.
The northern parts of Bangalore are blessed with plenty of land banks and land parcels. Their cost of acquisition is comparably low as that of central and southeast parts of Bangalore.