The stretch in the area through the Hebbal flyover upto Devanahalli is abuzz with plans for a lot of commercial projects. The recent Global Investors’ Meet, brought the therapy lamp into focus. Many industries have evinced keen interest in a few industrial parks that are springing up on 3,000 acres of land in this field and you will be prepared to occupy by the end of this coming year.
The widening in the Bellary Road and future connectivity over the planned Peripheral Ring Road (PRR) has additionally 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 accessibility to Devanahalli. Re-decorating spurring interest in residential options around these areas.
As outlined by findings from real estate property firms, a number of locations like north Bangalore that are 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 are encouraging developers who anticipate an increase in demand. “Presently, real estate property in North Bangalore is undergoing rapid transformation on account of commercialization. Also, it’s noticeable how the region has significant residential real estate property activity, as well as commercial developments.
The availability of land parcels for commercial development is amongst the main factors driving progression of Real Estate in North Bangalore. The demand continues to grow without corresponding supply from the pipeline, apart from the existing tech park here. Other significant factors will be the proximity to the airport, road projects and upcoming residential and hospitality developments.
Over 3,000 acres of land, hardware, IT/BT and aerospace parks will be springing up nearby the international airport. Addititionally there is provision to produce residential facility for folks doing work 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 utilized the KHB and 25 acres to private developers. Some of the projects are actually approved and some are under consideration. While Ninety percent in the space will be allocated for industrial and commercial activities, 10 percent in the space is available housing.
You can find land parcels in excess of 10 acres accessible in this micro market. The Prestige Falcon City Bangalore along with the Greater Peenya project springing up can also get an important relating the development in this field, owing to the connectivity factor.
Along with this, progression of infrastructure is taking high priority in this area.
More info about Prestige Falcon City Bangalore take a look at the best resource: read this