North Bangalore, sidelined previously by other micro-markets such as Indiranagar, Jayanagar and Koramangala, shot into fame with the announcement of Bangalore International Airport (BIA) in 2008.
Following the announcement came a host of infrastructure projects, IT Parks, Retail Outlets and a frenzy in Real Estate property Developments in the region.
With the presence of International Airport, large scale commercialization and overall rapid transformation is making North Bangalore an ideal destination.
The Global Investors Meet brought the area into focus. Many investors have evinced keen interest in developing several IT Parks, SEZs, Star Hotels, Educational institutions, prestigious Residential Projects and many more …..
Bangalore International Airport
Historically Airports have been the economic engines of growth in all major cities around the world. If we consider the case of World’s Busiest Airport, Atlanta(US) since its inception in 1998 had seen an exponential growth in passenger ,cargo traffic, Business hubs, Technology Centers leading to tremendous growth in its Real Estate surrounding it. It was ranked as #1 Rental market in US (Forbes Magazine), 4th best city to invest in US (CNNMoney.com), 4th most affordable city, 3rd best city for job growth.
Good news is that Bangalore is not far behind in infrastructure initiatives by Government. With increasing passenger traffic it is likely to become South India’s Busiest Airport hub for both inbound and outbound (transient) traffic very soon.
Currently, it's the 3rd largest Airport in India, after Delhi and Mumbai.
Future and Existing employment generators in the region:-
IT/ITES Parks and SEZs in the region
Manyata Embassy Business Park – Already a home to many multinationals like IBM, Cognizant, Target, Fidelity Investments, Philips and the list goes on.
Aerospace SEZ in Devanahalli:- Aircraft maintenance, repair overhaul units to manufacture spare parts. Airbus, Lufthansa, CFM engines are some major plans showing interest.
Total Jobs: 5000
Information Technology Investment Regions (ITIR) is an integrated IT city with all physical and social infrastructure. Spread across 10000 acres of land in Devanahalli, Chickballapur, Dodhaballapur and nearby regions in north Bangalore.
Total Jobs: 3 million.
Devanahalli Business Park (DBP) includes IT/ITES Parks, Speciality Hospital, 35 acre Business District, office complex, Entertainment Centres and so on
Total Jobs: 200000
Connectivity will be one of the key factor in making smart investment decision when it comes to real estate because in the long term it provides great opportunity, high returns and capital gains for the investor.
Here are some ongoing projects to improve connectivity to Airport, technology hubs and other business and work locations.