The stretch with the area in the Hebbal flyover upto Devanahalli is abuzz with plans for several commercial projects. The recent Global Investors’ Meet, brought this area into focus. Many industries have evinced keen fascination with these industrial parks which might be approaching on 3,000 acres of land in this area and will be able to occupy after in 2010.
The widening with the Bellary Road and future connectivity from the planned Peripheral Ring Road (PRR) in addition has chose to make this area a sought-after one. The PRR is aimed in order to connect Tumkur Road, Hosur Road, Mysore Road, Magadi Road, Bellary Road, Old Madras Road, and improve use of Devanahalli. Re-decorating spurring fascination with residential options around these areas.
In accordance with findings from real estate firms, there are certain locations like north Bangalore which might be buzzing with activity. This is because of infrastructure developments just like the new international airport, the metro project, flyovers, underpasses and road widening activities, that happen to be encouraging developers who anticipate an improvement popular. “Presently, real estate in North Bangalore is undergoing rapid transformation due to commercialization. Also, it’s noticeable how the region has significant residential real estate activity, as well as commercial developments.
The availability of land parcels for commercial development is probably the main factors driving continuing development of Property in North Bangalore. The demand is increasing without any corresponding supply within the pipeline, in addition to the existing tech park here. Other significant factors include 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 approaching near the international airport. Another highlight is provision to develop residential facility for individuals doing work in those industrial plants inside 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 non-public developers. A few of the projects are actually approved and a few they are under consideration. While 90 percent with the space will likely be allocated for industrial and commercial activities, Ten percent with the space is restricted to housing.
You can find land parcels in excess of 10 acres for sale in this micro market. The Pre Launch Prestige Falcon City and the Greater Peenya project approaching will also gain a tremendous bearing on the growth in this area, owing to the connectivity factor.
In addition to this, continuing development of infrastructure has taken high priority in this region.
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