The stretch with the area from your Hebbal flyover upto Devanahalli is abuzz with plans for most commercial projects. The recent Global Investors’ Meet, brought el born area into focus. Many industries have evinced keen interest in the three industrial parks which are coming on 3,000 acres of land in this field and will be prepared to occupy after in 2010.
The widening with the Bellary Road and future connectivity through the planned Peripheral Ring Road (PRR) has also chose to make this area a sought-after one. The PRR is aimed for connecting Tumkur Road, Hosur Road, Mysore Road, Magadi Road, Bellary Road, Old Madras Road, and improve option of Devanahalli. Re-decorating spurring interest in residential options around these areas.
As outlined by findings from property firms, there are certain locations like north Bangalore which are buzzing with activity. This is due to infrastructure developments such as the new international airport, the metro project, flyovers, underpasses and road widening activities, that happen to be encouraging developers who anticipate an increase sought after. “Presently, property in North Bangalore is undergoing rapid transformation on account of commercialization. Also, it is noticeable that the region has significant residential property activity, along with commercial developments.
The supply of land parcels for commercial development is among the main factors driving progression of Real Estate in North Bangalore. The demand continues to grow without any corresponding supply from the pipeline, independent of the existing tech park here. Other significant factors are 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 be coming near the international airport. There’s also provision to develop residential facility for folks doing work in those industrial plants in approximately 250-300 acres of land. A few of the leading developers of Bangalore and Karnataka Housing Board (KHB) happen to be provided land. 100 acres happen to be used on the KHB and 25 acres to personal developers. A few of the projects are actually approved and some are under consideration. While 90 percent with the space will be allocated for industrial and commercial activities, Ten % with the space is reserved for housing.
You will find land parcels over 10 acres available in this micro market. The Prestige Falcon City contact and the Greater Peenya project coming may also have a substantial bearing on the expansion in this field, owing to the connectivity factor.
Additionally, progression of infrastructure is taking high priority in this region.
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