Saturday, October 24, 2009

CITY ON THE MOVE

CITY ON THE MOVE
Metro Rail, flyovers, widening of roads, rejuvenation of lakes... Afffordable homes, gated colonies, apartments, villas... IT parks, SEZs, retail hubs, industrial belts...
Bangalore is on the move. It is a preferred global destination. TIMES PROPERTY presents an overview of what you can expect in the months ahead


This is a potential residential and commercial part of the city. IT development is seen here in the future.
CONNECTIVITY
The international airport and the six laning of the Bellary Road leading to the airport have singularly driven faster connectivity between Bangalore North and the rest of the city. Once the seamless 31-km Outer Ring Road (ORR) linking Central Silk Board in the south-east with Hebbal in the north is completed, it will reduce travel to the airport by at least 30 minutes from many parts of south Bangalore. Of the 19.5 km Tumkur Road, 4.3 km will be a four-lane elevated highway and the rest a six-lane highway, besides two-lane service roads on either side. Upon its completion by March 2010, motorists can drive between Nelamangala and Goreguntepalya (Outer Ring Road junction) in 15 minutes as against over an hour presently.
REALTY SPOTLIGHT
According to a Cushman & Wakefield report, in Bangalore north, the areas of Nagavara, Hebbal, Kodigehalli and Coffee Board Layout are witnessing a rise in mid-range priced apartment blocks while the areas of Horamavu, Banaswadi, HRBR and HBR in the north-east of the city are where high-end residential units are coming up.
The widening of the Doddaballapur Main Road leading from the Rail Wheel Factory, into a four-lane road, has improved connectivity between Yelahanka and the inner areas along the road which are now emerging hubs of residential development. Besides sporting large campuses of educational institutions and resorts, Rajankunte off Doddaballapur Main Road, which comes under the jurisdiction of the BIAAPA (Bangalore International Airport Area Planning Authority), is witnessing development of many planned residential layouts with clubhouse and social infrastructure as well an assortment of villas and row-houses.
The Devanahalli Business Park, several SEZs and apparel parks coming up along the planned Peripheral Ring Road route will foster employment opportunities, hence creating the demand for more housing.
In Bangalore north-west, the areas of Tumkur Road and Jalahalli are emerging as housing hubs.

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