The stretch of the area from your Hebbal flyover upto Devanahalli is abuzz with plans for many commercial projects. The recent Global Investors’ Meet, brought el born area into focus. Many industries have evinced keen curiosity about the three industrial parks which are coming up on 3,000 acres of land of this type and will also be willing to occupy after in 2010.
The widening of the Bellary Road and future connectivity from the planned Peripheral Ring Road (PRR) has also 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 accessibility to Devanahalli. This can be spurring curiosity about residential options around these areas.
In accordance with findings from real estate firms, there are specific locations like north Bangalore which 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 are encouraging developers who anticipate a growth in demand. “Presently, real estate in North Bangalore is undergoing rapid transformation due to commercialization. Also, it is noticeable that the region has significant residential real estate activity, together with commercial developments.
The availability of land parcels for commercial development is probably the main factors driving growth and development of Real estate property in North Bangalore. The demand continues to grow without corresponding supply within the pipeline, apart from the existing tech park here. Other significant factors are 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 coming up close to the airport terminal. Another highlight is provision to develop residential facility for folks 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 personal developers. A number of the projects happen to be approved plus some they are under consideration. While Ninety percent of the space will probably be allocated for industrial and commercial activities, 10 % of the space is available housing.
You can find land parcels in excess of 10 acres available in this micro market. The Prestige Falcon City Bangalore as well as the Greater Peenya project coming up will also have an important effect on the development of this type, because of the connectivity factor.
Additionally, growth and development of infrastructure takes high priority in this field.
For additional information about Prestige Falcon City Bangalore browse this useful resource: check