Property Values Near Bangalore Airport To See Appreciation

Elevated 3.72 km six-lane road over the existing road to the international airport has changed the topography of the area

. The project by the National Highway Authority of India (NHAI) is at various stages of construction from Hebbal to the Yelahanka railway-under-bridge. Estimated at a cost of 608 crores, the toll rates on this route will be revised once the project is completed and drive towards the airport becomes signal free.

This significant infrastructure project to the international airport, there are also plans to extend the Metro line from Hesarghatta up to the airport. These projects will add value to residential property in Bangalore along this route. The region has a great demand for residential, commercial and retail spaces with plans for the development of an aerospace Special Economic Zone (SEZ), IT SEZ and creation of separate work spaces in the vicinity of the airport, there is also a huge supply of residential layouts.

The Doddaballapur Road, Hennur Road and Hebbal areas that are connected to the international airport road are now hotspots for property development.

There are also plan to make Outer Ring Road (ORR) a signal-free, seamless corridor will have far-reaching implications on the growth along its route. The stretch from Hebbal flyover to Benniganahalli has scope for commercial property in Bangalore. The connectivity from Old Madras Road to Devanahalli too is another significant factor that has led to realty development in this corridor. Commercial and residential property will generate good investment returns due to their proximity to the international airport and ambitious infrastructure projects.

Impact on Real Estate:

Bangalore being the Silicon Valley of India has advantages like abundantly available skilled workforce, a high quality of living and inherent brand value, better career-growth prospects, availability of good telecommunication infrastructure and proactive Government policy initiatives.

Majority of commercial developments in the city have been done by the private sector and BDA (Bangalore Development Authority) controls the growth process of the city. The city's commercial market is delineated into three spatial limits CBD, Suburban and Peripheral. Bangalore has no true concept of Central Business District . This flexibility has resulted in business growth from MG Road to other main roads such as Residency Road, Richmond Road, Brigade Road, Infantry Road and Cunningham Road among others.

The Prime CBD consists of MG Road , Brigade Road and by-lanes directly around these two roads. With the spiraling costs of real estate in MG Road and unavailability of good quality premium space, the CBD extended towards the North and South of MG Road. It has the city's most premium quality commercial property.

Consolidation of real estate portfolios by both Indian and Multinational (MNC) Information Technology (IT) companies has significantly boosted the real estate market in Bangalore.

by: lokeshmanu24

POST COMMENT

Various Benefits Of Using Outdoor Banners Conference Speaker Lets The Message Get Across Finding The Right Dentist Caring For Jacuzzis Cloud Migration Wont Happen Overnight Given That There Is So Many Junkies Having Munich Bambas Well-liked Types Of Mortgage Loan Hemis Festival In Ladakh Developing A Good Workout Routine For Overall Fitness Why People Are Turning Onto Using Second Hand Furniture Trendy Umbrellas In Schools Make The Atmosphere Colorful Mahindra Xuv500 Cheetah On The Roads Gadda Prasad In Chidiyaghar Gets Kidnapped