authority such as BBMP, BDA, BMDA or BIAPPA, who in turn would refer to the Directorate of Country & Town Planning [DCTP] and seek a ‘No Objection Certificate’, before issuing a Conversion Certificate.
At this juncture, the developer has to decide as to whether he wants to market the site after plotted development or after conversion into real estate housing scheme. In case he decides to market the site as developed plots, then he undertakes development of the site by obtaining electricity and water supply, sewage system and road connectivity; thereafter he cuts the site into plots of different sizes or measurements and launches the developed plots.
Phenomenal increase n commercial activity in North Bangalore region, there is a natural push to augment residential projects. These residential projects have taken the shape of both apartments and luxury homes or villas. Bangalore is known to provide ample offerings in affordable housing segment. Accordingly, in North Bangalore, the residential projects subscribe to all the three segments namely, affordable, mid-income and luxury segments.
North Bangalore areas like Thanisandra, Yelahanka, Doddaballapur etcetera offer mid-income and affordable housing. Hennur Road, Kogilu and some parts of Thanisandra offer luxury housing segment. The Hebbal-Yelahanka stretch on Bellary Road offers luxury apartments.
The locality situated between Devanahalli and Doddabalpur has received the attention of home-buyers and investors alike as the area offers both high-end villas and plotted development projects.
The high-end villas and plotted development projects have caught the fancy of high net worth individuals who are looking to a second home away from the hustle and bustle as well as a retirement home.
Nandi Hills Road are viewed at as a new destination for investment purposes. Vijayapoura has new flats on offer for sale.