Bagalur Road is a locality of Bangalore urban District, which is situated in North Bangalore with a population of 7500+ people and is estimated as one of the best places for a residential living. Over just few decades ago, people in this area used to live in a very low profile lifestyle as there were hardly any infrastructure developments or growth in the region. Commute between different places to reach Bagalur road used to be a huge challenge with a very uneven stone filled muddy roads full of potholes.
Bagalur Road is the main area of connectivity for people residing in the neighborhood areas like Budigere, Sathanur, Yelahanka, Gopalpura and many other localities. And today, the newly developed Bagalur Road is the key center of attraction for commuters making it easier to travel to all the desired locations with the improvements in social and physical infrastructure. There are ample number of projects lined up furthermore increasing the demand for residential and commercial establishments surrounding this area.
Bagalur road has an excellent connectivity to all the major hubs of the city and is just 2 kms prior to the Kempegowda International Airport. The locality is just 150 meters away from the proposed 6 lane road, about 1 km away from KIADB and is in very close proximity to Aerospace, IT Parks, Schools, Colleges, Hospitals and Entertainment zones. The phase 2B development of Namma Metro connecting the Kempegowda International Airport has appended a new metro station between Bagalur and the Trumpet Flyover additionally enhancing the connectivity.
Bagalur Road has seen a significant growth over the past few years due to its close proximity to the Kempegowda International Airport and has been focusing consistently on a very strong social infrastructure. Large acres of unproductive lands have turned out to be the best of use with huge number of educational institutes, commercial establishments, and government projects lined up with lot of residential developments. Bagalur is also a FIFA certified arena for professional football experts which is an absolute gateway for sport enthusiasts.
Bagalur Road also has a host of resorts, spas and hotels which are away from the city chaos providing absolute serene to the peace lovers. In the residential segment, Bagalur Road offers plethora of options as the top developers of Bangalore are eyeing on this area with ample number of residential gateways lined up. With the number of gated communities, exclusive townships and apartment complexes there are quite a lot of residential choices for all groups for a potential investment. Along with the quick infrastructure growth, the easy connectivity with both roadways and airways has a given a boost to Bagalur Road for both developers and investors.
Bagalur Road is one of the prominent places for a real estate investments in the region of North Bangalore. The main vital factor for real estate growth in any city are the establishments of IT Parks, Manufacturing Hubs and SEZ’s. For people who are looking for a long term investment, North Bangalore is the apt place gaining maximum returns on investments. Bangalore has more than 900 IT firms and at present employs more than 35% of India’s IT Experts with an increase in demand for real estate development. With the prediction of experts it is true to say that Bagalur Road, North Bangalore is an ideal place for investment right now.
There are various projects coming up in North Bangalore with close proximity to Bagalur Road which are announced and approved by the Karnataka State Government. One of the massive projects is “Information Technology Investment Region (ITIR)” worth 1 lakh crore rupees, is proposed to come near Kempegowda International Airport. This huge establishment is expected to provide direct employment opportunities close to 1.2 million people. The proposed ITIR will be spread across an area of 10,000 acres land parcel which includes SEZ’s, Industrial Parks, Export oriented units, Free trade and warehousing zones.
With the increasing demand for land spaces in North Bangalore from the multinational companies, Special Economic Zones (SEZ’s) are created in Devanahalli with a land usage of 3000 acres. This special zones are allotted for close to 48 companies for their establishment. Devanahalli Business Park (DBP) is one of the huge projects launched adjacent to the International Airport with an area covering 413.65 acres. DBP is attracting a huge investment of $2.2billion for the upcoming years. Major giants like KIADB Park, Bagalur Finance City, hardware Park, Shell Park, International Convention Center, Disneyland Theme Park, Nano Park and Bellary road are the other major projects lined up in North Bangalore.
Few of the other important projects in line with the state government intervention are Aerospace Park, Aerotropolis Airport City and Global Financial District. Aerospace Park is spread 1000 acres area near the airport with 250 acres designated as the special economic zone (SEZ). Aerotropolis Airport City would have an airport at the center surrounded by residential units, golf courses, hotels, multi-story residential high-rises, malls and many more as a mark of modern civilization. Global Financial District is spread over 150 acres with close to 45 banks keen on having their offices in this hub.
Also Karnataka State Tourism Development Corporation (KSTDC) plans to develop a 300 acre hub including facilities like private hospitals, diagnostic centers, Ayurvedic resorts and establishments offering alternative systems of medicine. The state government has also manifested to shift the Bangalore Turf Club to Chikkajala in Devanahalli Taluk. Most renowned star hotels and ample number of premium residential projects are coming across Bagalur road, North Bangalore increasing the growth factor over this region.
Bagalur road gets a thumbs up from most of the experts for long term investment plans considering the connectivity via Outer Ring road with easy access to Kempegowda International Airport and Central Business District. Due to the upcoming developments in the area with the presence of IT and Aerospace Parks, it also a center for defence establishments making it safe enough for a residential stay. North Bangalore has seen a lot of infrastructural initiatives with establishments of massive townships and road widening projects. The proposed peripheral ring road will be the third NICE ring road of the city easing the commute between Hennur – Bagalur Road.
Considering the amount of development happening around Bagalur Road, the top most renowned developers are creating numerous residential and commercial enclaves in this region attracting potential investors towards this area. The land value of Bagalur Road is soaring high rapidly due to the upcoming projects lined up which is backed by the state government. There are numerous famous Educational Institutions, Health care facilities, Office space and endless relaxation zones promising a good atmosphere for a residential living. Ideally, investment in Bagalur Road is the most sorted out decisions to make for a remarkable returns and satisfactory lifestyle.