North Bangalore is witnessing a growth spurt with the rise of several technological institutions and residential projects.

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By Century Real Estate October 15, 2019

North Bangalore is witnessing a growth spurt with the rise of several technological institutions and residential projects. North Bangalore is the fastest-growing region in the city and is set up to be a prime commercial hub for the city.

Availability of space, real estate development, proximity to the airport and improved connectivity to the major hubs of the city are some of the major reasons why North Bangalore is the budding ground for development and investment. A prominent example of this would be that of Ascendas India Trust a real estate investment trust (REIT), who is set to buy an office building of 1 million sqft for about Rs 750 crore in north Bengaluru making this possibly the biggest deal this year in the commercial office market

North Bangalore consists of several highlights that is sure to provide an attractive option to residents and investors alike 

The Karnataka government is planning to establish India’s first Nano Park within a 15-acre plot by incorporating necessary physical infrastructure systems to facilitate the use of nanotechnology in various industries over a sustained period of time. 

Devanahalli Business Park is being developed for various government organisations in various fields such as power, tourism, aviation, etc. Plans are also set in motion to construct 3 multi-specialty hospitals, 2 IT SEZs, 2 non-SEZ offices, a financial district and a Central Business District consisting of malls and hotels. The park is expected to attract investment in the range of $ 2.2 billion over the course of the next five years.

 The Bengaluru Aerospace SEZ Park spanning over 950 acres of land has already drawn interest from several multi-national companies ensuring positive momentum in its future prospects.

 A dedicated land area of over 12,000 acres in BIAL IT Investment Region, one of the largest proposed infrastructure projects in Karnataka’s history has generated interest from over 55 international IT companies including Infosys, Wipro, and TCS.

 The revamp of the Bellary Road (NH-7) from 6-lanes to being widened into 8-lanes will allow regulating higher traffic from the airport and allow further expansion on either side of the highway. 

Plans have been formulated for the construction of the Bangalore International Convention Centre to be built adjacent to the Bangalore International Airport on over 35 acres of land. This will be a part of a new extensive mixed-use development targeted at the regional and global business visitor market by the Karnataka state government. 

With a plethora of options now coming up in North Bangalore, owning a property in the area is a safe and enticing option. Century Real Estate offers premium projects in the vicinity such as Century Breeze and Century Sports Village. Century Breeze is part of our premium apartment collection coming with state of the art amenities and large open spaces to facilitate a modern lifestyle. Century Sports Village located in Devanahalli, is Bangalore’s first sports themed plotted development designed to fulfill all your sporting and fitness needs.

 

 

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