NORTH OF CITY SET TO BE NEXT COMMERCIAL HUB

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The availability of quality office spaces and connectivity are making the suburbs commercial hub.

The suburbs continue to cater to the need for premium office spaces. This is because they are well-connected by road and have their own social infrastructure around them. The key micro-markets for office spaces around the city include the Outer Ring Road (ORR) – Silk Board Junction to Hebbal, Whitefield, Electronics City and Hosur Road.
Road to Airport
“The ORR, Whitefield and Electronics City have been the most preferred micro-markets of the IT/ITeS companies,” says Shrinivas Rao, CEO, Asia Pacific, Vestian Global Workplace Solutions. “Due to the proposed commercial developments along the ORR and Whitefield, these micro-markets will continue to be preferred by IT/ITeS companies in the short to medium terms. In addition, there are many new projects coming up around the ORR, along the Baglur Road and the development of Aero City by the Bangalore International Airport Limited (BIAL) will provide impetus to real estate activity in the north of the city. Hospitality-orientated spaces are likely to be the first phase of development followed by office spaces and other developments,” says Rao. Read more

5 Urban settlements to boost realty development in Bangalore

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The government is getting its act together to get the pressure off Bangalore by developing towns on the city’s periphery and connecting them via expressways. The Karnataka Urban Infrastructure Development Finance Corporation ( KIUDFC) has proposed to develop about 8,005 sq km area coming under the jurisdiction of Bangalore Metropolitan Region Development Authority (BMRDA) as a “city cluster development project”.

“BMRDA has planned to set up five satellite townships and develop them as self-sustainable cities. The state government had approved a BMRDA proposal in this regard in June 2006,” said Suresh Kumar, minister of law and urban development department. Read more

North-Bangalore is emerging as a preferred destination for IT firms.

Posted on by admin in About Bangalore, Bangalore Infrastructure news, Bangalore-North, News | 12 Comments

North Bangalore is fast becoming a bustling business corridor dotted with office and retail spaces. Once seen as a pre-eminent centre for research and industrial activity, it has transformed into a knowledge hub and is home to several Fortune 500 companies.

Ever since the Bengaluru International Airport (BIA) work began, companies have been migrating in that direction. Rentals were also then moderate compared to the traditional IT hubs in the south and east. Read more

ROAD TO AIRPORT IS PRIME PROPERTY

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

The six-lane elevated 3.72 km road over the existing road to the international airport has changed the topography of the area. This elevated 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 Rs 608 crores, the toll rates on this route will be revised once the project is completed and the drive to the airport becomes seamless and signal-free.
Though the elevated project is not continuous and runs only up to a distance of 3.72 km, the remaining 4-5 junctions on this stretch will have either flyovers or underpasses. At least two flyovers, two underpasses, one pedestrian underpass and one cattle underpass will be constructed on this road by the NHAI. Almond Tree, Villa Valley, Edificebuilders, Doddaballapur Road
Along with this significant infrastructure project to the international airport, there are also plans to extend the Metro line from Hesarghatta up to the airport. These significant projects will add value to property along this route.
The region has a 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 workspaces in the vicinity of the airport, there is also a huge supply of residential layouts.
The upgraded connectivity to Peenya will also add value to the development in the region. The Y-shaped C N R Rao Road underpass will ensure smoother traffic flow towards Yeshwanthpur-Malleswaram and Yeshwanthpur-Mekhri circle. The Doddaballapur Road, Hennur Road and Hebbal areas that are connected to the international airport road are now hotspots for property development.
The plan to make the 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 development. A number of residential projects along here will result in a reasonable number of commercial developments too.
The connectivity from Old Madras Road to Devanahalli too is another significant factor that has led to realty development in this corridor. Commercial spaces, retail outlets, hotels and residential projects will generate good investment returns due to their proximity to the international airport and ambitious infrastructure projects.

Source
Times Property

 

Good News for all those looking at property towards North B’lore!!!

Posted on by edifice in About Bangalore, Articles, Bangalore Infrastructure news, Bangalore-North, Location Opportunities, News | Leave a comment

Urban transport is set to get fascinating for those on the route to the Bangalore International Airport (BIA).The road is undergoing a transformation. Right now,it may be torn up by excavators, but the National Highways Authority of India promises that work on the six-lane elevated expressway to the airport will be ready by 2013.
The expressway will be a series of seven flyovers from Hebbal to the Trumpet Junction near BIA in effect, the commuter will be riding in waves to the airport, and will reach in a flat 20 minutes. The High Speed Rail Link will run parallel to the expressway.
The corridor will have one 4-km long expressway after Hebbal flyover to Yelahanka bypass, and after that, six flyovers each
700-800 m long connecting major junctions. On the road beneath, crossings will connect localities along the corridor, said AK Mathur, regional officer, NHAI, Karnataka. Service roads will serve the localities alongside. The flyovers and subways will have entry and exit points from the expressway, and enable pedestrians to cross through safely.
Navayuga Construction Company is handling the entire stretch. Construction sites have been barricaded near Yelahanka and Byatarayanapura, piers erected and a few spans laid.
The road beneath will have six lanes, and is designed for a speed limit of up to 80kmph.Once construction is complete, the state government will have to reset the speed limit for light motor vehicles and heavy motor vehicles, because part of the road is within city limits, Mathur added

HEBBAL TO BIAL

Time taken from Hebbal to BIA now: 45 mins Service roads & exits: Sahakaranagar,Jakkur,Yelahanka and Amruthahalli residents can use service roads.There are lateral exits at Kogilu and Vidyanagar Time taken from Hebbal to BIA after May 2013: 18.75 mins Toll booth: At Sadahalli Cross,500m before Trumpet Junction.Toll plaza now has six lanes;it will be reconstructed after road-widening

DEEP FOCUS

 

THERES A HIGH SPEED RAIL TOO
You could speed down the expressway,or swoosh on the High Speed Rail Link,running parallel.HSRL,connecting the heart of the city to BIA,will be taken up by Bangalore Metro Rail Corporation.The DPR is ready and fund allocation from the state and Centre are to be finalized.Union urban development minister Kamal Nath had announced the project during the inauguration of the Metro in October 2011.NHAI had known that the HSRL project would be elevated all along the route.NHAI sources said the space requested for the project was less than 10m,for the tracks to run along on the left side of the road.BMRC has already shortlisted the consortiums constructing the HSRL,and is waiting for approval from the Centre.The expressway was designed keeping the HSRL in mind.Our roads or flyovers will not be affected by the construction or operation of the HSRL,which will run almost parallel to a little below the level of the elevated road, said an NHAI official.
TRAIN SPEED : 155-165 KMPH

Edifice

COMPARISONS

E-City Elevated Expressway
Completed 2010 Cost 765 cr Length 9.5 km Width 15 m

Tumkur Expressway Completed 2011 Cost 720 cr Length 19.5 km

Expressway SNAPSHOT Cost 680 Cr Length  25 Km from Hebbal to Trumpet Junction near BIA Flyovers.7 Lateral exits, 2 crosses,4 underpasses Project time,25 months From Sept 2010 to May 2013

If there are easy exit points from the flyover and a station close to the hospital,many patients can access our services.Signal-free flyovers will help ambulances move faster to the hospital.
Tufan Ghosh | CEO,COLUMBIA ASIA HOSPITAL

Vehicles moving to the airport can take the elevated expressway,leaving the road below for school buses to move freely.This will reduce travel time and the wait at traffic junctions,and reduce stress for students.
Manju Balasubramanyan | PRINCIPAL,DELHI PUBLIC SCHOOL,NORTH

Source
Times of India

The Doddaballapur Road has emerged as a destination for residential clusters

Posted on by edifice in Articles, Bangalore Infrastructure news, Bangalore-North, Location Opportunities | 3 Comments

After the airport was relocated to Devanahalli, the area became a much sought-after region for office development. Many corporates now have large chunks of land in the vicinity of the airport. Though development of these office spaces is yet to take off in a big way, there is a lot of buzz with the government also earmarking an aerospace park and IT park.

Infrastructure plans coupled with better connectivity is what will give this region the edge. The plan to make the Outer Ring Road (ORR) (where Edifice Builders prestigiousAlmond Tree and Villa Valley projects exists) a signal-free seamless corridor will have far-reaching implications on growth along its route. The stretch from Hebbal flyover to Beninganahalli, in particular, has a lot of scope for commercial development. There are many residential projects along here and this will result in a reasonable number of commercial developments too.

Outer Ring Road

On the 3,000 acres of land on which the hardware, IT/BT and aerospace parks will be coming up near the international airport, there is also provision to develop residential facilities for people working in those industrial plants on about 250-300 acres of land.

The proposed high speed rail link, and signal free road which is being constructed, to the airport are the major factors driving demand in.

Residential catchments

The Doddaballapur Road has emerged as a destination for residential clusters. The Greater Peenya Industrial Project along with the National Highways of India’s elevated expressway has resulted in many residential projects emerging here. There will be a demand for affordable housing projects too from the industrial workforce here.

Almond Tree Courtyard2
Though there is a supply of good housing projects in this region, it remains to be seen how the absorption takes place. The connectivity factor will have to be factored in.

Retail sector

This part of the city is also witnessing a new retail market emerging. The New BEL Road is now a thriving high street shopping avenue. The Outer Ring Road (ORR) too is witnessing the emergence of retail outlets and chains to cater to the residential areas in the vicinity.

“The demand is there and the rentals are also quite high,” says Sanjay Tiwari, brand manager of a store. “The introduction of FDI in multi-brand retail will lead to increased demand, which in turn will catalyze more investment opportunities in organized retail.

“The spread of organized retail’s geographic footprint is a factor that retailers, depending on their product categories as well as short-term and long-term business objectives, will target. Hypermarkets will absorb the highest amount of retail real estate in Tier II and Tier III cities. Among these, they will focus on the top 35 cities – those with population bases of one million or more – in the first and second phases. Though the spread will happen in all regions, it will take place in clusters rather than in the form of carpet-bombing, since availability of retail logistics and infrastructure play a significant role,” say’s Sanjay.

All this will mean a sizeable chunk of the retail sector being located in the city, as its infrastructure and IT workforce will play a significant role.

Courtesy: Times property

KR Puram-Hoskote stretch a good long-term investment

Posted on by edifice in Articles, Bangalore Infrastructure news, East - Bangalore | 5 Comments

Bangalore: Sudhakar Mani, an IT professional, did a lot of due diligence before he booked his second villa. He factored in better connectivity and bare minimum travel time before he zeroed in on a property at Budigere, off Old Madras Road (where ‘Edifice Builders‘flagship project Grand Edifice exists) .With roads being widened, this is the best bet in terms of connectivity.

I can reach my office in ITPL in 15-20 minutes,” he said.
The KR Puram-Budigere stretch is emerging as a good long-term property investment option. The 8-lane highway developed by National Highway Authority of India (NHAI) is a big draw. Proximity to the IT hub of Whitefield and improved connectivity to the airport has generated interest among prospective buyers. Byappanahalli, the Metro rail hub, is also on the OMR.
“Affordability and connectivity are the big drivers in this region,” said J C Sharma, MD of Sobha Developers. Road widening, he said, has impacted the KR Puram-Budigere belt positively. “Last decade, we saw Sarjapur Road grow at a rapid pace. This decade, we will see a lot of development in this part of the town,” Sharma said.
S Mohan, assistant VP, India Business in Pruksa Global, says the area is still untapped. “Unlike Bannerghatta or JP Nagar, this belt has the potential for a lot more absorption.”
However, some property analysts say it may not be a good investment destination for the short-term. The absence of a corporate environment is a dampener. While Whitefield has a concentration of IT companies and has a well-knit social infrastructure, the KR Puram-Hoskote stretch is seen as an industrial belt. “Since not many IT companies have bought land or set up shop here, it makes it a secondary investment option,” says Ram Chandnani, deputy MD (south India) of CB Richard Ellis.
Some realtors want to cash in on the early mover advantage. Mumbai-based Pashmina Developers and Thailandbased Pruksa Global have soft-launched projects in the area. Pashmina is developing a Rs 1,000 crore project spread across 16 acres. It will house 1,100 units over two phases. People can look at it with a long-term investment horizon,” Jai Ganesh, VP-marketing and sales at Pashmina, says.
Brigade has launched a highend luxury apartment called Brigade Exotica. But other realtors are holding on to their land banks. Salarpuria bought 10.5 acres from Sanyo in 2010. Brigade Group purchased 10.5 acres from BPL in 2008. Others like Sobha and Puravankara also have a sizable land bank around this region.

Courtesy: Times Business

Motorist reach the Devanahalli airport in just 20 minutes

Posted on by vijaya in Advertisements, Bangalore Infrastructure news, Bangalore-North | 64 Comments

Wondering , how it is possible in these heavy traffic days!!! Here’s how…

A signal-free corridor comprising a stretch of elevated expressway, four underpasses and two flyovers at a cost of Rs 600 crore will be built connecting Hebbal flyover to the Bengaluru International Airport (BIA), the development work on which has commenced a couple of weeks ago.

The construction work for the NHAI-led project will start in end October. Once the corridor is ready in a couple of years, it will make it easier and quicker to travel to the airport.

This connectivity to the airport will have a toll fee. NHAI project director R K Gupta said, “Currently, soil testing is on. The project has been awarded to Navayuga Constructions. If all goes well, the project will kickstart by October-November.”


As per the project plan, the 3.2 km stretch from the Hebbal flyover to the beginning of Yelahanka bypass (near GKVK) will be an elevated stretch. From the Yelahanka bypass to the trumpet inter-change (the gateway to BIA), all the major junctions will be made signal-free. To this end, two flyovers will come up at the Kogilu Cross and Vidyanagar junctions, while four underpasses will come up at other crucial junctions

Officials said the Rs 600-crore project has a 24-month deadline and will allow motorists to reach the airport within 15-20 minutes from Hebbal, as against 45 minutes now. Notably, it will be the first six-lane elevated highway corridor in the city. Currently, Bangalore has two elevated corridors — the Electronics City expressway and the Tumkur Road expressway — both of which are four-lane. The airport expressway will be built on a single pier. NHAI officials said, “Sixlane flyovers are constructed on two piers. However, with improved technology, we are set to construct it on a single pier. The advantage is it takes up less space.”

The project was announced by then Union minister of state for surface transport K H Muniyappa a few years ago. However, due to recession and other issues, it has been a delayed starter. With the airport having only a road link as yet (work is yet to start on the highspeed rail link), the Hyderabad NH-7 is over-utilised.

SIGNAL-FREE CORRIDOR

Work to begin by Oct-end/November » First six-lane highway to be built on a single pier » Signal-free corridor from Hebbal to BIA » Tolled road

Courtesy:Bangalore mirror

North Bangalore Development changes city’s skyline

Posted on by edifice in Articles, Bangalore Infrastructure news, Bangalore-North, Location Opportunities, News | 7 Comments

North zone of the city have a host of civic infrastructure projects, large commercial developments and new residential options that have changed the characteristics of the localities over the last few years

Prized projects such as the international airport, Metro Rail, Bangalore-Mysore Infrastructure Corridor (BMIC) project, elevated expressway over Hosur Road and the Peripheral Ring Road (PRR), as well as the social infrastructure facilities are together set to drive Bangalore further ahead.

North:

* The international airport at Devanahalli suddenly galvanised the sleepy villages around it into action leading to the emergence of residential, retail, and commercial spaces in Hebbal, Bellary Road, Yelahanka , Doddaballapur road (where Edifice Builders‘ flagship project Almond Tree exists along with our milestone Villa Valley project gearing up for the launch shortly) and areas around NH-7. The six-lane wide Bellary Road with its signal-free access leading to the airport
drew the areas in its vicinity under the realty spotlight.

* This region will soon have two business parks, an aerospace SEZ, and hardware and warehousing parks.

*Refrigeration units and business ancillaries for exports will also come up here. This micro market is expected to attract new residents, mostly those working in IT and business parks close by.

* Some retail projects coming up here are still in a nascent stage and are slated to be completed by 2010-11.
*   Also, the emergence of potential residential localities like IVC Road, areas around Doddajala and Doddajala Lake, Bellary Road, around NH7, Yelahanka, Rajanakunte and Doddaballapur have further given a thrust to retail development around this area.

* The residential development around these areas will drive retail penetration that caters to the specific nature of the catchments. This, in turn, will allow resident suburban population access to merchandise, brands, and entertainment in close proximity.

*Proposed projects in the region include the Karnataka Industrial Area Development Board’s (KIADB) commercial and industrial areas, hardware and textile parks, as well as SEZ projects

*The Shivarama Karanth Layout being developed by the Bangalore Development Authority (BDA) between Doddaballapur and Hessarghatta Road, covering an area of approximately 3,546 acres will house around 71,000 people. This layout will be self-sustained with provisions for public amenities, educational institutions, transport terminals, and medical facilities. The stretch from Hebbal to Yelahanka is witnessing fastemerging residential complexes, apartments, and layouts due to easy connectivity to the airport through the Hebbal flyover. Also, two upcoming business parks and other commercial developments are making these areas a good residential option.

*The widening of the Bellary Road and future connectivity through the planned PRR has also made this area good for residential options. PRR is aimed to connect Tumkur Road, Hosur Road, Mysore Road, Magadi Road, Bellary Road, Old Madras Road, and improve accessibility to Devanahalli. This is also spurring interest in residential options around these areas.

Courtesy: Times of India

The japanese are eyeing Bangalore again !!!

Posted on by edifice in Articles, Bangalore Infrastructure news, Bangalore-North, Location Opportunities, News | 9 Comments

Stunned !! hey this time not for any technology tie up, but to plough in some money in

Building the infrastructure true in Satelite Township Ring Road (STRT) and Town Ring Road(TRR)

How ever Karnataka Govt is yet to decide the initiative

The STRR connects seven major towns – Dodda Ballapur(our flag ship projects Villa Valley and Almond Tree recites on doddaballapur main road), Devanahlli,Hoskote (Grand Edifice project) , Anekal, Kanakapura, Ramanagar  and Magadi and provides access to the city periphery

STRR and  TRR projects runs upto 367km with a 90 meter corridor width 4 – 6  high speed lane

for more info click here