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Real estate property in Bangalore Seeing Commercial Development

The stretch in the area in the Hebbal flyover upto Devanahalli is abuzz with plans for most commercial projects. The recent Global Investors’ Meet, brought the therapy lamp into focus. Many industries have evinced keen curiosity about these industrial parks which might be coming on 3,000 acres of land in this field and will also be ready to occupy after this season.

The widening in the Bellary Road and future connectivity from the planned Peripheral Ring Road (PRR) has additionally 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 use of Devanahalli. This can be spurring curiosity about residential options around these areas.

Based on findings from real estate property firms, a number of locations like north Bangalore which might be buzzing with activity. This is because of infrastructure developments much like the new international airport, the metro project, flyovers, underpasses and road widening activities, which can be encouraging developers who anticipate a growth sought after. “Presently, real estate property in North Bangalore is undergoing rapid transformation due to commercialization. Also, it’s noticeable the region has significant residential real estate property activity, in addition to commercial developments.

The provision of land parcels for commercial development is amongst the main factors driving development 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 on 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 coming nearby the international airport. There is also provision to formulate residential facility for those working in those industrial plants in about 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 have been approved and a few they are under consideration. While Ninety percent in the space will likely be allocated for industrial and commercial activities, 10 percent in the space is restricted to housing.

You’ll find land parcels over 10 acres available in this micro market. The Prestige Falcon City as well as the Greater Peenya project coming will also gain an important touching on the event in this field, due to the connectivity factor.

And with this, development of infrastructure is taking high priority of this type.
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