Infrastructure drives the growth of a city. In Bangalore, the upgradation of civic infrastructure enabled the opening up of areas in the peripheries. Quick, seamless travel attracted IT companies that could take advantage of the availability of large land parcels and good connectivity.
Here are some upcoming infrastructure projects to watch out for and the areas that will come into the limelight:
The Bruhat Bangalore Mahanagara Palike (BBMP) has planned to upgrade civic infrastructure in the Central Business District (CBD) adhering to Tender SURE guidelines. This will ensure good quality roads without the need to dig them up frequently with separate space allotted for utilities. Along with Metro connectivity, this will lead to increased interest in the CBD and premium residential localities around.
The BBMP plans to widen the key arterial roads around the city, such as Sarjapur Road, Kanakapura Road and Bannerghatta Road. Planned connectivity to these key commercial and residential locations through the Metro has turned them into prime micro-markets.
With Phase I of the Metro Rail expected to be in place by September 2015, key city areas will be connected seamlessly. Investing close to locations around Metro stations will ensure good returns since it promises quick travel to economic and shopping hubs as well as to emerging residential locations.
The Peripheral Ring Road (PRR) project, set to take off shortly, will ease congestion on key city roads as well as the Outer Ring Road (ORR). It will also lead to emergence of new suburbs towards the outer limits of the city and offer seamless travel in and out of the city by connecting key arterial roads.
Source: Times Property, The Times of India, Bangalore