Connectivity and availability of land make this region potential for investors
The realty development towards Mysore has grown much beyond the ambit of the Outer Ring Road (ORR) at Nayandahalli. This sector has always remained on the radar of property investors,owing to its proximity to Mysore and hill stations such as Coorg,Ooty and Wayanad beyond.The development along this corridor had been purely residential till recently.However,owing to the widespread residential growth,retail and office spaces are emerging in this segment of the city too.
The four lane State highway to Mysore opened up vistas for development in this region.The construction of the NICE corridor too has given a shot in the arm for development.With the Metro Rail work now under progress on this road,investors can look at reaping good returns on their investments along this route.
The Metro Rail's Phase II has a proposal to extend the network up to Kengeri.This will give a major thrust to development in the region,and may even result in the mushrooming of satellite townships.
Another development which will result in major plans in residential layouts is the move to lift the freeze on farmlands for development of satellite townships.The Bangalore Metropolitan Region Development Authority (BMRDA) had in 2006 taken steps for the development of integrated townships in Bidadi,Ramanagar,Solur,Sathanur and Nandagudi.These townships,they felt,would provide for complete workhome relationship and focused economic activity.Sathanur,near Magadi Road,and the industrial estates in Ramanagar and Harohalli on Kanakapura Road,now stand to benefit from this move.
Residential catchments
There are major industries functioning out of this region.These include automobile giants and IT majors.In order to facilitate the workforce to stay close to workplaces and also have a thriving social environment,the residential development is replete with facilities such as schools,hospitals,malls,multiplexes and is available in the form of layouts and apartments.
Rajarajeshwarinagar is one such layout which has seen widespread development and is now a micro market with most amenities in the vicinity,making it very self-sufficient.The road connecting Kengeri to Kanakapura and passing through Uttarahalli is now beyond recognition as the landscape has changed from that of a rustic one to a very urban form.
Gottigere is a locality to watch out for,given that under Metro Rail's Phase II there are plans to draw up an additional line from here all the way to Nagawara.
Between the State Highway 17 to Mysore and the NICE corridor there are many layouts to look out for.Apartments have come up in the Uttarahalli sector and with colleges and hospitals nearby,along with good connectivity,this region is fast-emerging as a preferred place to stay.The easy connectivity up to Kanakapura Road is another factor for the rapid development.Kanakapura Road is a bustling region with the Metro connectivity and industrial growth.
BEML Layout,Subramanyapura,and Banashankari V and VI stages are the areas to look out for which come on the left side of Mysore Road,as you drive towards Mysore.The areas on the right of the State Highway 17 too are equally well-developed.
QUICK BYTES
- THE AREA AROUND MYSORE ROAD IS A HOT SPOT FOR REALTY DEVELOPMENT OWING TO GOOD CONNECTIVITY AND AVAILABILITY OF LAND PARCELS
- MANY LOCALITIES ALONG THE MYSORE ROAD HAVE BECOME SELF SUFFICIENT AND BOAST OF AMENITIES AND GOOD SOCIAL INFRASTRUCTURE
- THE PROXIMITY OF MYSORE ROAD TO KANAKAPURA ROAD IS ALSO PUSHING REALTY DEVELOPMENT IN ITS VICINITY
- INDUSTRIAL GROWTH UPTO RAMANAGAR IS ALSO A FACTOR LEADING TO RESIDENTIAL DEVELOPMENT
Metro work in progress at Nayandahalli junction near Rajarajeshwarinagar
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