Friday, March 25, 2005

Kanakapura Road: develoment and potential

Development and potential
This locality is much sought-after and is set for further growth

The Times of India

Real estate prices are soaring in the city and investors are raking in the moolah big time. Quite often you even witness people inferring that realty today is a better bet than stocks. In this backdrop, one gets to see major development happening in and around the city, be it new apartment complexes, shopping malls, or glitzy offices - the spin off is wide and huge.

One major advantage for the dwellers of this city is that there is a choice of location. While Whitefield, Sarjapur Road, and Hebbal were the first target locations for developers, Kanakapura Road is among the latest in the offing. For Bangaloreans, Kanakapura Road, till a few years ago, meant the Roerich's Tataguni Estate, dhabas for the evening out with friends, and perhaps even the Tamarind Tree popular for music concerts. Cut to the present. The scene has transformed into one of the most sought-after areas that is bustling with activities. Kanakapura Road has everything to offer on a platter for a resident here.

The first factor though that gave the locality a boost was the Bangalore-Mysore Infrastructure Corridor project that envisages a 106-km six-lane super highway between Bangalore and Mysore. It is aimed at reducing the travel distance and time between the two cities. Today, Mysore to Bangalore is as good as Pune to Mumbai.

Growth & development
Many factors have lead to growth here. Residential layouts and availability of land is one. Shopping centres and commercial activities came up with the residential development. This belt is known for its cultural and spiritual touch. The road projects have made it well-connected to the rest of the city.

Residential development: A rejuvenated BDA resumed its retailing activity of sites and commercial complexes in the late 90s, and thus Anjanapura Layout was formed in 1998. After the BDA provided civic amenities in recent times, the rates here are skyrocketing each day. The sprawling BDA layout has in its vicinity plenty of private layouts and it's ideal for those who prefer an independent house. In the last six months, the BDA in its efforts to put in place civic amenities has provided water, underground drainage, and power supply. BDA-approved sites here cost between Rs 800 and Rs 1,000. Some builders have even created row houses that are of high quality.

Coming to apartments there are plenty of options. The BDA too has put up apartment complexes in the immediate vicinity. Around Kanakapura Road availability of land is another major plus for people looking in this direction for property investments. Say P Prashanth and M Purushothama, who are coming up with an innovative idea of providing small farms plots on this road, "We find Kanakapura Road ideal as land rates here are realistic and the scope for further developments are promising. We bought agricultural land in this locality and we plan to cut it into small farm plots of one acre each with common areas that would have a swimming pool, club house and jogging tracks".

Commercial activities :
When it comes to shopping and commercial activities, the welle s t abl i s h e d MNCs including Metro and Family Mart are making a mark. Along with the retailers, they have everything a resident may need. While Metro restricts purchases to only the business class, Family Mart and others cater to the rest. This road also houses popular car and bike showrooms. Builders are planning tech parks and office spaces are affordable.

Cultural touch: Sri Sri Ravishankar's Art of Living Foundation, Sahaj Marg Research Centre, Ranga Shankara, and Roerich's painting gallery are among the most popular centers of culture and spirituality in this part of the city.

The Public Works Department has a new project planned that will connect Kanakapura Road, Bannerghatta Road, Jigani Industrial Road, Anekal and Attibele. This circuit is planned to create a 'corridor' for industrial development at a cost of Rs 26 crores. Towards Mysore, the Bangalore-Mysore Infrastructure Corridor project cuts across Kanakapura Road. This will mean around 20 km of a sixlane road in the vicinity, translating to further potential for development.


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