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:-
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
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
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
Devanahalli Business Park
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.
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
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
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