The stretch of the area through the Hebbal flyover upto Devanahalli is abuzz with plans for a lot of commercial projects. The present Global Investors’ Meet, brought the bradenton area into focus. Many industries have evinced keen interest in these industrial parks which can be coming on 3,000 acres of land in this field and you will be prepared to occupy by the end of this coming year.
The widening of the Bellary Road and future connectivity from the planned Peripheral Ring Road (PRR) 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 of Devanahalli. This is also spurring interest in residential options around these areas.
As outlined by findings from real estate firms, there are certain locations like north Bangalore which can be buzzing with activity. This is because of infrastructure developments just like the new airport terminal, the metro project, flyovers, underpasses and road widening activities, which can be encouraging developers who anticipate an increase in demand. “Presently, real estate in North Bangalore is undergoing rapid transformation due to commercialization. Also, it is noticeable that the region has significant residential real estate activity, together with commercial developments.
The production of land parcels for commercial development is amongst the main factors driving growth and development of Property in North Bangalore. The demand is increasing without having corresponding supply in the pipeline, aside 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 probably be coming close to the airport terminal. There’s also provision to build up residential facility for people working in those industrial plants in approximately 250-300 acres of land. Many 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 personal developers. Many of the projects happen to be approved plus some are under consideration. While Ninety percent of the space will probably be allocated for industrial and commercial activities, 10 percent of the space is available to housing.
There are land parcels over 10 acres for sale in this micro market. The Prestige Falcon City Bangalore and the Greater Peenya project coming will also gain an important relating the expansion in this field, due to the connectivity factor.
In addition to this, growth and development of infrastructure is taking high priority of this type.
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