The stretch of 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 interest in the three industrial parks that are springing up on 3,000 acres of land in this area and will be willing to occupy after this season.
The widening of the Bellary Road and future connectivity from the planned Peripheral Ring Road (PRR) in addition has made this area a sought-after one. The PRR is aimed to get in touch Tumkur Road, Hosur Road, Mysore Road, Magadi Road, Bellary Road, Old Madras Road, and improve use of Devanahalli. Re-decorating spurring interest in residential options around these areas.
Based on findings from real estate property firms, there are particular locations like north Bangalore that are buzzing with activity. This is because of infrastructure developments much like the new air port, the metro project, flyovers, underpasses and road widening activities, that are encouraging developers who anticipate a rise sought after. “Presently, real estate property in North Bangalore is undergoing rapid transformation as a result of commercialization. Also, it’s noticeable that this region has significant residential real estate property activity, as well as commercial developments.
The production of land parcels for commercial development is probably the main factors driving development of Real-estate in North Bangalore. The demand is growing without having corresponding supply from the pipeline, apart from the existing tech park here. Other significant factors will be the proximity towards 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 springing up at the air port. Addititionally there is provision to formulate residential facility for folks employed in those industrial plants in approximately 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 used on the KHB and 25 acres to private developers. A number of the projects are actually approved plus some they are under consideration. While 90 percent of the space will probably be allocated for industrial and commercial activities, 10 percent of the space is reserved for housing.
You’ll find land parcels over 10 acres for sale in this micro market. The Prestige Falcon City price and the Greater Peenya project springing up will also have an important effect on the expansion in this area, as a result of the connectivity factor.
And with this, development of infrastructure is taken high priority in this field.
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