Over the last few years, there’s one locality in Bangalore that has witnessed miraculous development - North Bangalore. It has flourished under the eyes of the airport authority, city infrastructural bodies and global commercial giants, fast becoming one of Bangalore’s leading investment hotspots and featuring on every investor’s radar.
Following are the highlights of North Bangalore’s upcoming infrastructural prospects that make it an enviable investment option:
1. India’s 1st Aerotropolis: BIAL is planning to expand the Kempegowda International Airport into an aerotropolis or a mini city built around an airport. This is slated to increase the valuation of properties in and around the airport.
2. Upcoming Commercial Development: Upcoming commercial development around the region includes a hardware and an aerospace park with global companies such as Wipro and TCS. This is set to create at least 2.5 Lakhs jobs in the region.
3. Upcoming transportation facilities: Nagawara in the south of the city is set to be connected to the airport in the north via Phase II of Namma Metro. A 33 km proposed High-Speed Rail Link (HSRL) is also in planning, connecting central Bangalore to the airport.
4. Spurt in residential projects: With the promising developments - commercial and transportation – the planned infrastructural growth means that North Bangalore is set to home around 25 Lac+ people in the next decade.
5. ITIR Revival: With the Government’s announcement to revive the ITIR (Information Technology Investment Region) project, it would be generating about 40 Lakhs jobs in the region. The first phase of the project is expected to be operational by 2020.
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