Tech Parks Driving Real Estate Boom in North Bangalore

North Bangalore is experiencing a surge of development, fueled by the establishment of numerous tech parks. This influx of tech giants isn't just impacting the business landscape; it's triggering a chain reaction that's reshaping the entire region, shedding its past as a quiet airport gateway and embracing a dynamic future as a hub for innovation and technology. This rapid growth is largely driven by tech parks, and it's happening against the backdrop of a booming real estate market.

A Catalyst for Change:

North Bangalore's rise began with the Kempegowda Airport. Improved infrastructure around the airport, including expressways and roads, unlocked the area's potential. Developers saw an opportunity and began catering to the growing tech workforce and businesses seeking well-connected spaces, leading to the current boom.

The Government's Vision:

The Government sees North Bangalore as a future economic powerhouse. By attracting MNCs and GCCs with special initiatives, they're fueling the tech park boom. This government push, along with real estate development, will solidify North Bangalore as a major player in India's tech and economic scene, The State government has identified the area in Devanahalli taluk where about 10,000 acres of land would be acquired to set up the Information Technology Investment Region (ITIR).Also among the major projects reported to have received, the Udyog Mitra clearance for the Aero SEZ (special economic zone), an aviation hub in Devanahalli, is expected to see major US civil and military aviation companies as well as the European Aeronautics andDefence Systems (EADS) pump in up to Rs. 11,700 crore as investment.


let's explore the exciting landscape of upcoming tech parks that are poised to propel North Bangalore further into the spotlight of technological innovation.Key Projects to Watch:

  1. Godrej Centre near Bellary road and built-up area is 3,94,960 Sq.ft. Warm Shell and compilation  by Q4.
  2. Phoenix Asia Tower near Bellary Road, built-up area is 5,72,472 Sq.ft. Warm Shell and compilation by Q4.
  3. Esteem Icon near Bellary Road, built-up area is 1,60,000 Sq.ft. Warm Shell and compilation by Q4.
  4. CL Business Park in Hebbal, built-up area is 2,300,000 Sq.ft Warm Shell and compilation by Q4.
  5. Salarpuria Knowledge in Yeshwanthpur, built-up area is 16,00,000 Sq.ft. Warm Shell and compilation by Q4.
  6. Skav Silver Cloud in Yeshwanthpur, built-up area is 1,38,867 Sq.ft. Warm Shell and compilation by Q4.
  7. Divyasree Avence In Hennur Road, the built-up area is 2,48,0000 Sq.ft. Warm Shell and compilation by Q1.
  8. Shriram Hebbal One in Hebbal, built-up area is 2,75,000 Sq.ft. Warm Shell and compilation by Q1.
  9. Citrus Varma polis in Hebbal, built-up area is 23,00,000 Sq.ft. Warm Shell and compilation by Q4.

The area is becoming a major tech hub, with lots of new companies setting up shop. This is bringing new jobs and people to the area, and it's not just about work.

Here's what's coming:

  • More than just offices: Schools, hospitals, and community centers are being built to meet the needs of the growing population.
  • New places to live: Builders are creating new homes and apartments so everyone can find a place to live.

Conclusion:

North Bangalore's transformation into a tech haven presents an exciting opportunity for investors seeking promising ventures. The combination of strategic location, competitive land prices, and government support creates a fertile ground for businesses to flourish. With the completion of numerous tech parks in 2024, North Bangalore is well-positioned to attract not only domestic companies but also Multinational Corporations (MNCs) and Global Capability Centers (GCCs) seeking a foothold in India's thriving tech ecosystem. This influx of investment will further propel the region's growth and solidify its position as a key player in the nation's technological future. As North Bangalore takes flight, it's not just about the present, but the exciting possibilities it holds for the future.


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