Plots in North Bangalore with Bank Loan Options: Secure Your Dream Today
Introduction
North Bangalore is emerging as one of the most sought-after real estate destinations, driven by rapid infrastructure development, proximity to major IT hubs, and excellent connectivity. Buying a plot in this region presents a lucrative opportunity for aspiring homeowners and investors. However, the financial aspect often becomes a major concern. This is where bank loan options come into play, making it easier for individuals to purchase plots and turn their dream of owning land into reality.
This blog will explore why North Bangalore is an ideal location for buying plots, the best areas for investment, and the various bank loan options available to help you secure your plot effortlessly.
Why Invest in Plots in North Bangalore?
North Bangalore is a rapidly growing area with numerous advantages, making it an attractive choice for property buyers. Some of the key reasons to invest in this region include:
✔ Infrastructure Development
The area has seen significant infrastructural advancements, including the Kempegowda International Airport, Bangalore International Convention Centre, and Devanahalli Business Park.
The Bangalore Suburban Railway Project and Peripheral Ring Road (PRR) will further enhance connectivity.
✔ Proximity to IT Hubs and Business Centers
North Bangalore houses major IT parks such as Manyata Tech Park, Kirloskar Business Park, and Devanahalli Aerospace Park.
These hubs have attracted professionals looking for residential spaces closer to their workplace.
✔ Excellent Connectivity
The Bangalore-Hyderabad Highway and Outer Ring Road (ORR) offer seamless connectivity to key areas of the city.
The upcoming Namma Metro expansion will improve accessibility in the region.
✔ High Return on Investment (ROI)
Property values in North Bangalore have been consistently rising, making it an ideal location for long-term investments.
The upcoming projects and infrastructural developments will further boost real estate appreciation.
✔ Serene Environment and Lifestyle Amenities
Compared to the crowded city center, North Bangalore offers spacious plots, green landscapes, and a peaceful environment.
Several premium residential projects, educational institutions, healthcare centers, and entertainment zones enhance the quality of life.
Best Areas to Buy Plots in North Bangalore
✔ Devanahalli
Why? Proximity to Kempegowda International Airport and major IT hubs.
Land price range: ₹3,000 – ₹7,000 per sq. ft.
Best for: Long-term investment, villa plots, and gated communities.
✔ Hebbal
Why? Known for Manyata Tech Park, commercial hubs, and luxury living.
Land price range: ₹8,000 – ₹15,000 per sq. ft.
Best for: High-end residential plots and quick ROI.
✔ Yelahanka
Why? Well-established locality with excellent road and metro connectivity.
Land price range: ₹5,000 – ₹10,000 per sq. ft.
Best for: Mid-range investors and independent house plots.
✔ Thanisandra
Why? Close to IT hubs, upcoming metro connectivity, and affordable options.
Land price range: ₹4,000 – ₹8,000 per sq. ft.
Best for: First-time buyers and budget investors.
✔ Hennur Road
Why? Growing residential and commercial demand, excellent social infrastructure.
Land price range: ₹5,000 – ₹12,000 per sq. ft.
Best for: Families looking for well-developed localities.
Bank Loan Options for Buying Plots in North Bangalore
Purchasing a plot is a significant investment, and bank loans make it more accessible. Here’s a breakdown of the best loan options available for buying plots in North Bangalore:
✔ Land Loan vs. Home Loan
A home loan is applicable for constructed properties, while a land loan is specifically meant for purchasing plots.
Banks provide up to 70%-80% of the plot’s value as a loan, with the remaining 20%-30% to be paid as a down payment.
✔ Eligibility Criteria for Land Loans
Age: 21 to 60 years (for salaried individuals) and 21 to 65 years (for self-employed individuals).
Income Stability: A stable income source with a good repayment track record.
Credit Score: A minimum CIBIL score of 700 is required for approval.
Location of the Plot: The land should be within a municipal or corporate limit to qualify for loans.
Conclusion
Investing in a plot in North Bangalore is an excellent decision, considering the region’s rapid growth, connectivity, and investment potential. With various bank loan options available, securing your dream plot has never been easier.
Whether you're planning to build a home or seeking an investment opportunity, North Bangalore offers a promising future with high returns.
Now is the right time to explore, evaluate, and take the step towards owning land in North Bangalore with easy financing options. Secure your dream today!