Real Estate in Bangalore Seeing Commercial Development

The stretch of the area from your Hebbal flyover upto Devanahalli is abuzz with plans for many commercial projects. The latest Global Investors’ Meet, brought the bradenton area into focus. Many industries have evinced keen curiosity about the three industrial parks which are springing up on 3,000 acres of land of this type and are prepared to occupy by the end of in 2010.


The widening of the Bellary Road and future connectivity through the planned Peripheral Ring Road (PRR) in addition has chose to make this area a sought-after one. The PRR is aimed to get in touch Tumkur Road, Hosur Road, Mysore Road, Magadi Road, Bellary Road, Old Madras Road, and improve option of Devanahalli. This can be spurring curiosity about residential options around these areas.

Based on findings from real estate firms, there are particular locations like north Bangalore which are buzzing with activity. This is because of infrastructure developments like the new air-port, the metro project, flyovers, underpasses and road widening activities, that are encouraging developers who anticipate an increase sought after. “Presently, real estate in North Bangalore is undergoing rapid transformation because of commercialization. Also, it is noticeable the region has significant residential real estate activity, together with commercial developments.

The provision of land parcels for commercial development is probably the main factors driving development of Real-estate in North Bangalore. The demand keeps growing with no corresponding supply within the pipeline, apart from the existing tech park here. Other significant factors will be the proximity towards the airport, road projects and upcoming residential and hospitality developments.

Over 3,000 acres of land, hardware, IT/BT and aerospace parks will probably be springing up close to the air-port. Addititionally there is provision to produce residential facility for those working in those industrial plants inside 250-300 acres of land. Many of the leading developers of Bangalore and Karnataka Housing Board (KHB) happen to be provided land. 100 acres happen to be utilized the KHB and 25 acres to private developers. Many of the projects are actually approved plus some are under consideration. While 90 % of the space will probably be allocated for industrial and commercial activities, 10 % of the space is available housing.

You can find land parcels over 10 acres obtainable in this micro market. The Prestige Falcon City price along with the Greater Peenya project springing up will also have a significant touching on the growth of this type, owing to the connectivity factor.

Along with this, development of infrastructure takes high priority in this area.
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