Real estate property in Bangalore Seeing Commercial Development

The stretch in the area from the Hebbal flyover upto Devanahalli is abuzz with plans for a lot of commercial projects. The present Global Investors’ Meet, brought el born area into focus. Many industries have evinced keen desire for the 3 industrial parks which might be coming up on 3,000 acres of land in this region and are prepared to occupy after this season.


The widening in the Bellary Road and future connectivity through 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 option of Devanahalli. Re-decorating spurring desire for residential options around these areas.

Based on findings from 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 air port, the metro project, flyovers, underpasses and road widening activities, that happen to be encouraging developers who anticipate a rise in demand. “Presently, property in North Bangalore is undergoing rapid transformation on account of commercialization. Also, it’s noticeable that this region has significant residential property activity, in addition to commercial developments.

The provision of land parcels for commercial development is one of the main factors driving development of Real estate property in North Bangalore. The demand is increasing without corresponding supply in 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 probably be coming up near the air port. Another highlight is provision to produce residential facility for folks working in those industrial plants within 250-300 acres of land. A number of the leading developers of Bangalore and Karnataka Housing Board (KHB) have already been provided land. 100 acres have already been utilized the KHB and 25 acres to non-public developers. A number of the projects have been approved and several they are under consideration. While Ninety percent in the space will probably be allocated for industrial and commercial activities, Ten % in the space is reserved for housing.

You will find land parcels over 10 acres available in this micro market. The Pre Launch Prestige Falcon City and also the Greater Peenya project coming up will also gain an important relating the development in this region, because of the connectivity factor.

And with this, development of infrastructure is taking high priority in this region.
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