The stretch with the area through the Hebbal flyover upto Devanahalli is abuzz with plans for most commercial projects. The current Global Investors’ Meet, brought el born area into focus. Many industries have evinced keen curiosity about a few industrial parks which might be coming on 3,000 acres of land in this field and are willing 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 for connecting Tumkur Road, Hosur Road, Mysore Road, Magadi Road, Bellary Road, Old Madras Road, and improve option of Devanahalli. This can be spurring curiosity about residential options around these areas.
In accordance with findings from real estate property firms, a number of 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, which can be encouraging developers who anticipate an increase widely used. “Presently, real estate property in North Bangalore is undergoing rapid transformation due to commercialization. Also, it can be noticeable the region has significant residential real estate property activity, in addition to commercial developments.
The supply of land parcels for commercial development is amongst the main factors driving growth and development of Property in North Bangalore. The demand is growing without having corresponding supply from the pipeline, in addition to the existing tech park here. Other significant factors include 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 coming at the international airport. Another highlight is provision to build up residential facility for those in those industrial plants in approximately 250-300 acres of land. Many of the leading developers of Bangalore and Karnataka Housing Board (KHB) are already provided land. 100 acres are already sent to the KHB and 25 acres to non-public developers. Many of the projects have already been approved and some they are under consideration. While Ninety percent with the space will be allocated for industrial and commercial activities, Ten % with the space is restricted to housing.
There are land parcels in excess of 10 acres for sale in this micro market. The Prestige Falcon City contact and also the Greater Peenya project coming will also have a substantial bearing on the development in this field, because of the connectivity factor.
Additionally, growth and development of infrastructure has taken high priority in this region.
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