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.
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