Bangalore
One of the infrastructural benchmarks that Bengaluru has set which has spurted the spree of rapid industrial and commercial development along with the simultaneous surge of demand in the residential sector is the Outer Ring Road (ORR). ORR has set up a sea change in the development of Bengaluru especially in the South and the Northeastern part. It has also helped in boosting the growth of industrial influx in the west connecting the industrially dense areas and the peripheral areas. This resulted in the increasing density of residential population which has increased over the years in areas connecting Tumkur Road with Hebbal. On top of that the International Airport has added more value and demand to these areas which is not far off. The demand of the land in this area was catered to owing to the availability of land and low prices.
The Northwest section of the Outer Ring Road from Tumkur Road to Hebbal encompasses areas like Lottegollahalli, Jalahalli, Yeshwantpur, Vidyanagar, Chokassandra, T Dasarahalli, Bagalakunte, Nagasandra, Anchepalya, MS Ramaiah Road and Peenya. This stretch of the Outer Ring Road is densely populated and has been the primary industrial hub of the town. At present the section of the ORR has a distribution of land parcels and is predominated by the operations of warehousing and industrial activity. The industries present here are small scale industries and large public sector industries dotted by predominantly government offices, small industries, training institutes and warehouses.
Easy commute will propel prosperity
This section of the ORR starting from Hebbal to Tumkur Road witnessed a high influx of domestic and multinational companies and industries. The elevated flyovers constructed over Tumkur Road going up to Nelamangala reduced commuting time to the major business centres and districts and it provides easy access to Nice Road and the ORR too. The commuting time from and to the major arterial road like Bellary Road, Hosur Road and Mysore Road is also comparatively reduced. Along with connectivity these areas have well sparse distribution of schools, colleges, hospitals, supermarkets and educational institutions too. Thus it can be expected that the ongoing projects in this area and the upcoming residential buildings will have a demand. At the present moment the average price per square feet of a two or a three bed room apartment is around Rupees 5,000 to Rupees 5,500. Furthermore the Metro extension going up to BIEC is sure to further fuel the demand and the rise of prices in the region.
Outlook:
The market watchers feel that with the influx of corporates to the North, Western Bengaluru will surely transform into a lucrative residential destination as construction of many SEZs around the airport are on the anvil. They further feel that with the development of the commercial infrastructure in the Northern part of Bengaluru in the ITIR (Information Technology Investment Region) and with the simultaneous development of Airport city and the financial district along with the Devanahalli Business Park, the total commercial landscape of the west is sure to change and will be one of the most sought after premium areas.
Follow dreamz-infra-reviewss blog regularly for more updates about real estate industry. Go through below blogs for more updates.
Yes, ORR put a great impact on the South and North Bangalore. Due to this connection there is an industrial development in those area. Which makes the residential population high in that area.Apart from this the international airport became a extra advantage of these area, that is the reason the real estate business is raising so high.
ReplyDeleteHi, I am looking for properties suitably in residential areas for making some future investment I like to invest in the above mentioned areas, do you have any properties like flat or apartments preferably pre-launched in these area kindly inform me so that I can proceed further.
ReplyDeleteDreamz builder is the one which is in leads to others by constructing affordable homes all around the outer rings roads of Bangalore and selling at half of the market and private builders prices.It’s my advice to the home buyers to choose Dreamz builder and get it into dream home with all the amenities at less price.
ReplyDeleteYes, this is very correct that due to outer ring road many areas of Bangalore has been connected each other and also it has a big hand in developing Bangalore. Specially the South and the Northeastern part are now you can say as a developed area. Their is many infrastructure and industrial company are establishing. That is the reason property rate in that areas going high day by day. More over these areas are near to Bangalore International airport also.
ReplyDeleteDreamz group focused on so many places and developed their projects but now they are mainly focusing on Hebbal to Tumkur road to construct affordable homes and sell that at very low price for especially Bangalore.
ReplyDeleteThe ways Bangalore is developing, no one can imagine.Due to this seamless connection of ORR towards every area the population is growing.From Tumkur Road to Hebbal encompasses areas like Lottegollahalli, Jalahalli, Yeshwantpur, Vidyanagar, Chokassandra, T Dasarahalli, Bagalakunte, Nagasandra, Anchepalya , the samall scale industries are vastly increasing their. These areas may be become more popular in the future, that is the reason the in real estate market these areas are in more demand.
ReplyDeleteDreamz people are focusing on the connectivity places of Bangalore to construct their affordable homes to sell middle class people at fewer prices. Dreamz are having dreams to construct buildings all over inner & outer areas of Bangalore…
ReplyDeleteSpecially the outer ring road starting from Hebbal to Tumkur is organized by many national and multinational companies.The making of flyover between Tumkur Road going up to Nelamangala is reducing the traffic which is consuming the time as well as the resources.That is making huge demand for residential project in this area. More over the metro construction is going on , for this reason the demand for residential project will fluctuate more.
ReplyDeleteORR starting from Hebbal to Tumkur Road is now highly demanded place for residential venture. Due to existence of Airport , some big MNC's and Indian company the population is getting high. The market researcher is talking that the North, Western Bengaluru will surely transform into a most suitable area for the people of Bengaluru .
ReplyDeleteDreamz chosen these places to allocate their connectives by construction affordable homes for the middle class people. Dreamz group is always thinks for the middle class people to sell the flats/apartments at very half of the ,market price.
ReplyDeleteWow..! I’m very much happy to see the ad of this tie up with the outer ring road area of Bangalore to start construction of affordable apartments by Dreamz. Hope Dreamz will start & complete the construction within this year which may help to those people who are living in rental homes of these areas.
ReplyDeleteFew of the people are waiting since from the last 2 years for the affordable & reasonable homes to buy at these locations because which is very near to the Airport & their aim is to settle down at the airport areas. So Dreamz is the one who can provide reasonable homes…
ReplyDeleteAt these places Dreamz is boosting their projects to build in such a way so that every middle class of this city, those people can easily get their dream shelters from Dreamz…
ReplyDeleteI think Now Dreamz builder is planned to construct their affordable homes at these connections because their all projects are locates inside the cities, they want to develop new project at these ORR connectives…
ReplyDeleteI’m seeking affordable apartment near to Hebbal but none of the builder is selling the apartments at low margin. If Dreamz builder started their project in Hebbal means it will be good for me as well as others who are searching apartments like me..
ReplyDeleteDreamz is increased density of the residential projects over the connectivity between Hebbal & Tumkur roads. In these places nearby small areas we can get at which Industrial hubs, factories & many more which is good for the people who are working in that to buy the affordable homes from Dreamz.
ReplyDelete