Real-estate in Bangalore Seeing Commercial Development

The stretch with the area from your Hebbal flyover upto Devanahalli is abuzz with plans for many commercial projects. The recent Global Investors’ Meet, brought this area into focus. Many industries have evinced keen curiosity about these industrial parks which can be coming on 3,000 acres of land in this field and are prepared to occupy after this coming year.


The widening with the Bellary Road and future connectivity with the planned Peripheral Ring Road (PRR) has made 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 of Devanahalli. This is spurring curiosity about residential options around these areas.

According to findings from property firms, a number of locations like north Bangalore which can be buzzing with activity. This is due to infrastructure developments much like the new airport terminal, the metro project, flyovers, underpasses and road widening activities, which can be encouraging developers who anticipate an increase sought after. “Presently, property in North Bangalore is undergoing rapid transformation as a result of commercialization. Also, it is noticeable how the region has significant residential property activity, as well as commercial developments.

The provision of land parcels for commercial development is one of the main factors driving progression of Property in North Bangalore. The demand is growing without having corresponding supply within the pipeline, independent of the existing tech park here. Other significant factors include the proximity for 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 coming near the airport terminal. There’s also provision to develop residential facility for people in those industrial plants inside 250-300 acres of land. A few of the leading developers of Bangalore and Karnataka Housing Board (KHB) have already been provided land. 100 acres have already been used on the KHB and 25 acres to personal developers. A few of the projects have been approved and a few are under consideration. While 90 % with the space will likely be allocated for industrial and commercial activities, 10 % with the space is reserved for housing.

You’ll find land parcels over 10 acres available in this micro market. The Prestige Falcon City price along with the Greater Peenya project coming will also have a significant effect on the growth in this field, because of the connectivity factor.

In addition to this, progression of infrastructure is taken high priority in this region.
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About the Author: Annette Nardecchia

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