The stretch from the area through 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 3 industrial parks which might be springing up on 3,000 acres of land of this type and will be ready to occupy by the end of this coming year.
The widening from the Bellary Road and future connectivity with the planned Peripheral Ring Road (PRR) has also made 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 use of Devanahalli. This is also spurring desire for residential options around these areas.
In accordance with findings from real-estate firms, a number of locations like north Bangalore which might be buzzing with activity. This is due to infrastructure developments just like the new airport terminal, the metro project, flyovers, underpasses and road widening activities, that happen to be 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 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 property in North Bangalore. The demand is increasing without corresponding supply inside the pipeline, aside from the existing tech park here. Other significant factors will be the proximity to 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 nearby the airport terminal. Another highlight is provision to build up residential facility for those in those industrial plants inside 250-300 acres of land. A number of the leading developers of Bangalore and Karnataka Housing Board (KHB) are already provided land. 100 acres are already utilized the KHB and 25 acres to private developers. A number of the projects have been approved and some they are under consideration. While 90 % from the space will likely be allocated for industrial and commercial activities, 10 % from the space is available to housing.
You will find land parcels well over 10 acres obtainable in this micro market. The Prestige Falcon City price and the Greater Peenya project springing up will also have a tremendous bearing on the expansion of this type, because of the connectivity factor.
Additionally, development of infrastructure has taken high priority in this area.
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