Why do we call North Bangalore is The Future?

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North Bangalore
North Bangalore

North Bangalore - The Future

Home is where the heart is, At the heart of growth, at the heart of the increase lies the thriving metropolis of Bangalore. With the boom of smart infrastructure, IT, and production hubs, Bangalore has been named certainly one of Asia’s fastest-growing cities, so ww got the name ” Silicon valley of India ” 

In phrases of the actual property boom, North Bangalore is rapidly emerging as an investor’s preferred.

Why do we call North Bangalore is the Future,  Before we jump in to that, you should know about North Bangalore, We have already written a blog about North Bangalore & Where to Invest in North Bangalore, if you have not read it, please read it here

A question for you? What is first thing comes in your mind when we say ” North Bangalore” – The Airport , yes we are going to walkthrough on the development of Existing and Future Airport development

Kempegowda International Airport Expansion:-

Bangalore Airport Google Map

Did you know ?

Kempegowda International Airport, Bengaluru (BLR Airport) has commenced operations on its new south runway. This makes BLR Airport the first in the country to operate independent parallel runways.

Let us take you back to 2019, BIAL has drawn up a Rs 13,000 crore plan to further develop the airport by constructing a new terminal, a second runway and by expanding its access roads. wonder why ? The Bangalore International Airport welcomed 33.65 Million passengers during the year of 2019, registering 1 4.1 per cent Growth compared to previous years. 

The development programme includes a New Terminal, Runway, Massive Expansion of the access roads and internal road infrastructure, utilities as well as new multi-model transport hub. 

Road network and expansion :-

With an growth in passenger site visitors, upgradation of diverse connectivity options to the BLR Airport will be performed. As a part of landside growth to satisfy the growing vehicular visitors, BIAL is constructing a brand new road and widening the prevailing access road.

The expansion might be achieved in 4 phases, every ensuring minimum effect on passengers and site visitors to the Airport. a number of the plans are:

  •  fundamental get entry to road (MAR) will be widened in stages to ten lanes (5+five) – from the present 4 lanes (2+2).
  •  The Trumpet interchange could be accelerated with 2 lanes on either side to and from the city.
  •  the new Southern access avenue (SAR), a three + 3 lane, which runs parallel to the present MAR from the primary roundabout could be made operational through March 2019.
  •  during the growth of the MAR, avenue visitors might be diverted to the SAR en path to the Terminal.
  • The North cargo avenue will be widened to four lanes to accommodate the growth of cargo traffic.
  • As a part of the street enlargement, the panorama may be remodeled, with existing plant life/ shrubs transplanted to different areas.
  • A taxi and bus staging facility might be evolved adjacent to the SAR. A Multi-Modal transport Hub may also be constructed at the forecourt area of T2.

those tendencies are designed to make sure that good enough provisions are made for Namma Metro to seamlessly input and go out the KIA terminal. stations were planned within KIA complicated.

Multi-Model Transport Hub:-

he proposed Multi-Modal delivery Hub (MMTH) at the BLR Airport is anticipated to function the centrepiece of the critical forecourt improvement and integrate the subsequent facilities:

  • present Terminal 1 (T1).
  • future Terminal 2 (T2) phases 1 and 2
  • Any future terminal improvement post Terminal 2 (to be defined inside the master plan replace).
  • Resort & Hotel
  • different forecourt developments.

The proposed MMTH( Multi-model Transport hub) will  serve as a delivery( Transport ) interchange between more than one transport fashions along with the future Metro, public bus offerings, taxis and different modes of future transport.( Source : Twitter Northbangalorepost 

Upcoming Infrastructure

we have already mentioned the upcoming Infrastructure list in the previous article, yet, again, we are mentioning here for your reference

  • KIADB Park 
  • IT Investment Region
    (ONE LAKH CRORE RUPEES ” Information Technology Investment Region ” Is Proposed To Come Near Kempagowda International Airport. Which Is Expected To Provide Direct Employment To 1.2 Million People)
    Peripheral Ring Road 
  • Peripheral Ring Road
  • Devanahalli Business Park
  • Metro 2A & 2B Line ( Central Silk board to Airport )
  • Finance City
  • Revised Master Plan – 2031 
  • Bangalore International Convention Centre
The development of an airport spurts growth in its adjoining areas. This is especially true in the case of Devanahalli, a former suburb in the northern part of Bengaluru. This area is seeing the massive transformation into a major industrial and residential hub, thanks to the Kempegowda International Airport. The picture was completely different about a decade ago with empty parcels of land dominating this area. One of the major developments here are the various SEZ projects by the Government, which are expected to create a great potential for employment opportunities in the future The aerospace SEZ in Devanahalli is fast emerging as a major aerospace manufacturing hub. Karnataka is home to almost two-thirds of the aerospace manufacturing in India as it is the only state in the country to have a separate aerospace policy. It comprises of a 1000-acre industrial park and is already providing employment to hundreds of people. This land has already been allotted to several companies, including 100 acres to HAL. The SEZ comprises of export oriented industries and those that deal with maintenance, repair and overhaul related activities for the local market. Out of the 1,000 acres of land that has been allotted, about 250 acres have been earmarked for SEZ in the aerospace hub. This aerospace SEZ has been developed in collaboration with the US Aerospace Supplier Development Mission to India in order to introduce American companies to Indian joint venture groups, industry representatives, and Western original equipment manufacturers based here.

IT Investment Region

The ITIR is one of the largest infrastructure projects in Karnataka’s history. Total cost is expected to be one lakh crore rupees ($22 Billion). The initiative will provide direct employment to 1.2 million people and indirect employment to 2.8 million.
The proposed ITIR would be specifically delineated investment region with a minimum area of around 40 Sq.kms. (about 10,000 acres of land),which may include SpecialEconomic Zones, Industrial Parks, Export oriented units, Free trade and Warehousing zones. The ITIR would be a combination of production units, public utilities, logistics, environmental protection mechanisms, residential areas and administrative services,with excellent infrastructure.

Peripheral Ring Road

As part of its efforts to ensure seamless road connectivity, the Bengaluru Development Authority on Wednesday proposed to effect three major changes in the original alignment of the Peripheral Ring Road (PRR), create two clover field junctions and 17 toll plazas. The 65.5 km line is set to increase by 2 km and the overall project cost will jack up to Rs 17,468 crore, an increase of nearly Rs 3,000 crore due to fresh land acquisition charges. BDA recently made a presentation to the Chief Minister explaining the new plan and the additional costs. The proposal will now be placed before the BDA Board for its approval.
Pheriparal Road North Bangalore

Devanahalli Business Park

One of the biggest projects coming up adjacent to the Bengaluru International Airport(BIA), the Devanahalli Business Park (DBP) is expected to attract an investment of $2.2billion over the next five to seven years. Karnataka State Industrial Investment & Development Corporation Limited (KSIIDC), at the behest of Government of Karnataka (GoK), is developing DBP on the site of around 413.65 acres owned by KSIIDC along theNational Highway-7 (NH-7) and adjoining the northern boundary of Bengaluru International Airport (BIA) near Devanahalli, around 35 kms north of Bangalore city.

Metro 2A & 2B ( Central Silk Board to KIA )

The Central government, on Monday, issued a sanctioned order for the ORR-airport metro under Phase 2 A and B of the Namma Metro project. According to the order issued by the Ministry of Housing and Urban Affairs, the 58-km line from Central Silk Board to Kempegowda International Airport via K.R. Puram, Hebbal and Nagawara would cost ₹14,788.101 crore. The project will be completed in five years

The Bangalore Metro Rail Corporation Limited (BMRCL) is raising ₹5,960 crore as a loan from multilateral agencies or through domestic sources (60% share). The Karnataka government will also bear land acquisition cost and property development, which comes to ₹2,761 crores, while the remaining funds required for the project will be through innovative financing and other sources.

Metro Line 2B ( Blue Line from KR Puram )

Global Financial District

To promote the State as a global investment destination, the government is in talks with banking giants to set up a Global Financial District near Devanahalli, spread over 150acres, which will also house a residential township. The district would provide specialized services for banks, insurance companies, stock exchanges and others players in the financial services sector. Some of the features of this district are,

An investment of about Rs. 1,000 crore planned in 150 acres of land

45 banks have shown interest to have their offices in the hub

The project would include a township for the employees of the institutions in the district

India Infrastructure Finance Corporation has come forward to set up the hub in association with the banks that show interest in investing on the project as per the source IFCI’s facility would come up on 50 acres of the total 150-acre district, where more than a dozen banks, including global ones, have evinced interest to set up operations, besides insurance firms, financial institutions and stock market operators, he told reporters in Bangalore. 

Revised Master Plan - 2031

The Bangalore Development Authority (BDA) is all set to re-start the exercise of preparing a fresh master plan for the City, which currently follows an outdated land use document that had expired in 2015. Netherlands-based consulting firm Royal Haskoning DHV — which had prepared the now-scrapped Revised Master Plan (RMP), 2031 – is likely to be roped in to prepare a new one at a cost of Rs 16 crore. According to the BDA report, the population of Bangalore is expected to rise from 90.45 lakh in 2011 to 2.03 crore in 2031. Hence a well-developed plan had to be prepared in order to accommodate this massive increase in population.
Keynote
Image Source. : BDA & Getmeroof

BDA has opened 80 sq km area for further expansion of the city.
This expansion will be across five major corridors – Hosur Road, Mysuru Road, Ballari Road(previously Bellary Road), Old Madras Road and Sarjapur Road, 

Bangalore International Convention centre

Notwithstanding the post-coronavirus new world order where large business gatherings will not be the same, Karnataka has decided to go ahead with the big-ticket Bengaluru International Convention Centre (BICC) project near the airport with a seating capacity of 6000, The public-private partnership project will cost not less than Rs 2,000 crore, according to an estimate from the Infrastructure Development Department (IDD). The public-private partnership project will cost not less than Rs 2,000 crore, according to an estimate from the Infrastructure Development Department (IDD). 
Image Source. : DH
The BICC is proposed to come up on a 35-acre plot earmarked for the Bengaluru Signature Business Park adjacent to the Kempegowda International Airport. It will have a state-of-the-art convention hall, an exhibition hall, food court and other supporting facilities such as star category hotels and premium service apartments.

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