The stretch with the area through the Hebbal flyover upto Devanahalli is abuzz with plans for several commercial projects. The recent Global Investors’ Meet, brought the therapy lamp into focus. Many industries have evinced keen fascination with these industrial parks that are springing up on 3,000 acres of land in this field and are able to occupy after this season.
The widening with 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 connect Tumkur Road, Hosur Road, Mysore Road, Magadi Road, Bellary Road, Old Madras Road, and improve accessibility to Devanahalli. This can be spurring fascination with residential options around these areas.
As outlined by findings from property firms, there are certain locations like north Bangalore that are buzzing with activity. This is because of infrastructure developments such as the new air port, the metro project, flyovers, underpasses and road widening activities, that are encouraging developers who anticipate an increase in demand. “Presently, property in North Bangalore is undergoing rapid transformation as a result of commercialization. Also, it really is noticeable that the region has significant residential property activity, together with commercial developments.
The availability of land parcels for commercial development is one of the main factors driving growth and development of Property in North Bangalore. The demand continues to grow without any corresponding supply within the pipeline, apart from the existing tech park here. Other significant factors include the proximity for the airport, road projects and upcoming residential and hospitality developments.
Over 3,000 acres of land, hardware, IT/BT and aerospace parks will likely be springing up at the air port. Another highlight is provision to formulate residential facility for those working in those industrial plants within 250-300 acres of land. A number of the leading developers of Bangalore and Karnataka Housing Board (KHB) have been provided land. 100 acres have been sent to the KHB and 25 acres to non-public developers. A number of the projects are actually approved plus some they are under consideration. While Ninety percent with the space will likely be allocated for industrial and commercial activities, Ten percent with the space is available to housing.
There are land parcels in excess of 10 acres for sale in this micro market. The Prestige Falcon City Bangalore and also the Greater Peenya project springing up can also get a significant effect on the event in this field, owing to the connectivity factor.
And with this, growth and development of infrastructure is taken high priority in this field.
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