ASSETZ CODENAME THE FIRST BLOOM — New Project Coming Up in Devanahalli, Bangalore

Project Overview

Assetz Codename The First Bloom is a residential enclave spread across 21 acres, featuring plotted development with 251 units. The price range spans from Rs 69 Lakhs to Rs 1.89 Crore, with plots available in sizes of 1200, 1500, and 3300 square feet.

This is Assetz Group's first-ever plotted development project, marking a new direction for the developer beyond their conventional apartment and villa offerings.

Location and Connectivity

The project is located on the Bangalore to Hyderabad National Highway, just 10 minutes from Devanahalli and Bellary Road, and 20 minutes from Bangalore Kempegowda International Airport. The address is Tadipatri-Bangalore Road, Hyderabad-Bangalore Highway, Devanahalli.

Devanahalli is well-connected via NH-44 (Bellary Road), a six-lane signal-free road that connects to the Outer Ring Road and prominent hubs like Yelahanka, Nagawara, and Hebbal within 20 minutes. The locality has its own railway station where certain passenger trains halt.

With proximity to Kempegowda International Airport and commercial hubs and planned road projects, the northern node is emerging as a preferred business centre in Bangalore.

Design and Green Space

The development features 5000+ trees, over 47% open spaces, and lush green cover with acres of Miyawaki gardens. All plots include blacktop roads, street lights, electricity, and water supply.

Community Amenities

The project includes a 3-acre clubhouse area, landscaped gardens, a gymnasium, swimming pool, recreation rooms, outdoor sports courts, a children's play area, a party hall, and 24/7 security.

About Assetz Property Group

Founded in 2006, Assetz Property Group is a leading multinational developer with over 10 million square feet under development, headquartered in Singapore, and active in commercial, residential, warehousing, and fund management. The group has developed, leased and managed over 4.5 million square feet of office spaces with an asset value exceeding USD 500 million, and has delivered over 7,250 residential units with over 11.7 million square feet of development.

Notable projects include Vrindavan Tech Village, India's first Platinum LEED-certified IT SEZ, and Global Technology Park. The developer has housed major IT companies including Cisco, Flipkart, LSI, Sony and JP Morgan.

The Devanahalli Market

Residential prices in Devanahalli have recorded healthy growth backed by proximity to the international airport, proposed business parks and planned transport infrastructure projects. Residential properties in this market have registered capital appreciation of 13% over the last ten quarters.

Approximately 46% of properties available in Devanahalli are plots, followed by apartments (42%) and villas (12%). The presence of KIADB Aerospace Special Economic Zone and KIADB IT Park, along with upcoming BIAL IT Investment Region and Global Financial District, will bolster Devanahalli as an employment hub.

The locality provides easy access to educational facilities, hospitals, retails, and supermarkets.