Looks like Karnataka government is really keen in decongesting the traffic woes in the state capital. This is evident from the fact that they along with Bangalore Metropolitan Regional Development Authority (BMRDA) has plans to step up and start the development of two new IRRs(Intermediate Ring Roads).
Initially in 2006 government had restrictions which now seems to be taken back thereby allowing the construction and development activities to happen in Ramanagaram, Nandagudi, Sathanur and Solur.
With the plans in place to procure land for the IRRs will definitely act as a catalyst to boost the real estate demand in and around ORR (Outer Ring Road) and IRRs. BMRDA has plans to take this road infrastructure development activity in four stages.
Devanahalli to Attibele
This is going to be a 80-km stretch of the IRR construction activity starting from Devanahalli and going till Attibele. This 80 km long stretch will be connecting BIAL (Bangalore International Airport) and the Electronic city and the vicinity. This IRR will run through Hoskote and the already developed Whitefield. Also road leading to Hoskote has many residential options(to know more about Hoskote/Old Madras Road development refer link1 and link2). This area will push towards social and commercial infrastructure development. This whole construction is expected to cost around Rs1000 crores.
Attibele to Ramanagar
So far this is going to be the longest stretch of 128 km which will join Ramanagaram with Attibele. This IRR is supposed to link Mysore Road and Electronic City and in between it'll pass through Kanakapura, Anekal, Jakkasandra and some other hubs as well. It's worth to note that Ramanagaram being a textile hub and has over Rs.1500 crores as investments will be benefited a lot because of this move. Even the Kanakpura Road and its vicinity like Uttarahalli and Bidadi will be seeing the real estate catchments. This stretch will also enhance the connectivity between NICE road and Satellite towns. Estimated project costs Rs.1600 crores.
Dabaspet to Devanahalli
This will be a 89-km IRR starting from Dabaspet till Devanahalli. This will cover Doddaballapur, which is indeed a lucrative real estate option for buyers and investors. Adjoining is the road leading to Nandi Hills which is also witnessing residential development.
Dabaspet area is an upcoming industrial hub given that KIADB (Karnataka Industrial Areas Development Board) is aiming to make this area as a industrial zone in four different phases. Think about a road connecting this BIAL and a industrial hub( with most of the current industries being only export-oriented). Given this demand in place a huge potential of development is being sensed over there. This area is bound tol attract real estate drifts. Fact that this area is still affordable will boost the demand of villas and plots. Estimated project costs Rs.1100 crores.
Ramanagar to Dabaspet
This will be last phase of the IRR and it'll be 70 km long stretch from Ramanagar to Dabaspet. With this in place Ramanagaram, a textile hub, will be connected to the Dabaspet(industrial area) and further this will lead to the international airport. Estimated project costs Rs.1078 crores.
Read out similar blogs related to Bangalore real estate:
- Real estate properties of East Bangalore: Potentials and Development
- Price trend in East Bangalore
- Pruksa silvana: FDI real estate villa/Row houses project in East Bangalore
- Investment in Sarjapur - ORR real estate good option or not?
- Bangalore IT hubs: Electronic City, Whitefield, Marathahalli and Bannerghatta Road undergoes slow real estate sales for 2011
- Points/Factors/Criteria to be considered before purchasing/investing in the real estate property
- Bangalore upcoming areas/suburbs to see real estate appreciation and development
- Sarjapur town/village Real Estate: Scope and development
- Hoskote to be developed as Satellite Town
Get a group discount on a Bangalore based property:
Want to get a group discount on any specific specific property (villa/apartment/plot). Then join this Bangalore buyers group and express your interest in the interested property. In-case you are looking for a property which is not present there then feel free to add that to the list.
Want to get a group discount on any specific specific property (villa/apartment/plot). Then join this Bangalore buyers group and express your interest in the interested property. In-case you are looking for a property which is not present there then feel free to add that to the list.
