The stretch of the area from your Hebbal flyover upto Devanahalli is abuzz with plans for many commercial projects. The present Global Investors’ Meet, brought el born area into focus. Many industries have evinced keen interest in the 3 industrial parks that are springing up on 3,000 acres of land of this type and will be prepared to occupy after this season.
The widening of the Bellary Road and future connectivity from the planned Peripheral Ring Road (PRR) has additionally 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 accessibility to Devanahalli. This is spurring interest in residential options around these areas.
Based on findings from property firms, there are certain locations like north Bangalore that are buzzing with activity. This is because of infrastructure developments like the new airport terminal, the metro project, flyovers, underpasses and road widening activities, that happen to be encouraging developers who anticipate a growth widely used. “Presently, property in North Bangalore is undergoing rapid transformation as a result of commercialization. Also, it’s noticeable the region has significant residential property activity, as well as commercial developments.
The provision of land parcels for commercial development is amongst the main factors driving progression of Real-estate in North Bangalore. The demand keeps growing with no corresponding supply from the pipeline, in addition to the existing tech park here. Other significant factors will be 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 likely be springing up nearby the airport terminal. Addititionally there is provision to formulate residential facility for people working in those industrial plants inside 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 used on the KHB and 25 acres to personal developers. Some of the projects are actually approved and some they are under consideration. While Ninety percent of the space will likely be allocated for industrial and commercial activities, 10 percent of the space is available housing.
You will find land parcels well over 10 acres available in this micro market. The Prestige Falcon City price and the Greater Peenya project springing up will also gain an important touching on the growth of this type, due to the connectivity factor.
And with this, progression of infrastructure is taken high priority in this area.
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