The stretch of the area from the Hebbal flyover upto Devanahalli is abuzz with plans for a lot of commercial projects. The latest Global Investors’ Meet, brought the therapy lamp into focus. Many industries have evinced keen desire for the three industrial parks which might be coming up on 3,000 acres of land of this type and will also be able to occupy after this coming year.
The widening of the Bellary Road and future connectivity over the planned Peripheral Ring Road (PRR) has chose to make this area a sought-after one. The PRR is aimed in order to connect Tumkur Road, Hosur Road, Mysore Road, Magadi Road, Bellary Road, Old Madras Road, and improve accessibility to Devanahalli. This is also spurring desire for residential options around these areas.
Based on findings from real-estate firms, there are certain locations like north Bangalore which might be buzzing with activity. This is due to infrastructure developments like the new air-port, the metro project, flyovers, underpasses and road widening activities, that happen to be encouraging developers who anticipate a rise sought after. “Presently, real-estate in North Bangalore is undergoing rapid transformation due to commercialization. Also, it can be noticeable that this region has significant residential real-estate activity, along 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 without corresponding supply inside the pipeline, in addition to the existing tech park here. Other significant factors would 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 is going to be coming up near the air-port. There’s also provision to produce residential facility for individuals in those industrial plants in approximately 250-300 acres of land. Some of the leading developers of Bangalore and Karnataka Housing Board (KHB) are already provided land. 100 acres are already allotted to the KHB and 25 acres to personal developers. Some of the projects have been approved and a few are under consideration. While 90 % of the space is going to be allocated for industrial and commercial activities, Ten percent of the space is reserved for housing.
You will find land parcels over 10 acres accessible in this micro market. The Pre Launch Prestige Falcon City along with the Greater Peenya project coming up can also get a tremendous touching on the event of this type, owing to the connectivity factor.
In addition to this, development of infrastructure takes high priority in this field.
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