Infrastructure speeds up Bangalore real estate growth

The urban form and sprawl of the city, as envisaged by city planners, is expected to grow by a huge proportion in the coming years. Some of the key infrastructure projects across the city will have a tremendous bearing on the direction in which this growth is headed.

According to the Revised Master Plan 2015, the main factors that will have a significant impact on growth in the city have largely been influenced by certain key projects.

Around international airport

Located in the north of the city, the airport at Devanahalli resulted in many parallel developments that have taken off in its vicinity. The road leading to it is now being upgraded to an elevated project to give a boost to connectivity.

Realty development has taken off in a steady manner, with residential layouts and office spaces being planned here. The government also has plans to set up a huge aerospace, IT and BT Special Economic Zone close to the airport.

Mass transit systems have also been planned to enable travelers to reach the airport faster. Development along the route to this landmark has also taken interesting detours at the Doddabalapur Road, Jalahalli and Yeshwanthpur-Hebbal stretch.

Commercial spaces along this corridor are thriving and many more are on the anvil.

NICE corridor

This connectivity project known for its world-class quality and ability to ensure a smooth and hassle-free ride has resulted in the sprouting of many realty projects in the south and west of the city. The peripheral ring road of the expressway is a big relief for commuters in the city.

Commuting from Jalahalli to Electronic city on Hosur Road, which was unrealistic given the city’s traffic and congestion, is now easily possible thanks to this corridor.

Massive apartment complexes, IT parks and malls close to the NICE corridor offer good rental returns. Hence, this infrastructure project has given a boost to areas hitherto not accessible in these sectors of the city.

Metro Rail

The Metro Rail project that will criss-cross the city is going to be a very significant indicator of the growth story. Though it will run across congested areas and already well established residential regions in the city, the Metro Rail will mark a new chapter with the concept of mixed land use and increased FAR coming into being.

Properties along the track will now be able to go vertical and command higher prices due to the proximity to this historic transition in the city’s transit system.

The areas around Baiyappanahalli such as Ramamoorthynagar, C V Raman Nagar, and Kaggadasapura have witnessed property prices go up after the Reach I of the project was completed and became operational.

IT corridor

The city’s IT belt is the main driver of its growth, and is located in the south and eastern parts. In the Whitefield, Devarabeesanahalli, Hosur Road, Bannerghatta Road and Kanakapura Road areas, the emergence of huge IT parks and construction of roads to connect the IT belts has led to residential and retail options emerging in a major way.

Industrial belts

Peenya and Hoskote have emerged as success stories in the city’s industrial growth map. Situated to the north and east of the city, these industrial parks have also grown much beyond their boundaries.

While the Peenya industries are looking at Dabaspet and the Greater Peenya Industrial Area to further their growth story, the Hoskote industrial growth is happening up to Narsapur. This is due to infrastructure projects such as good roads that are offering efficient connectivity in these areas.