Bangalore
(Bengaluru) In Future
Bangalore (Bengaluru), the Electronics city of India is rising
in the growth curve due to large scale investments in the
IT, ITES and the Biotechnology sector. Apart from the active
support of the local government, ready availability of world-class
IT infrastructure, skilled human resources, cosmopolitan environment,
pleasant conducive climate and high concentration of IT companies
and quality research and development institutions are the
add-on features responsible for Bangalore’s IT status.
With the proper initiation of the government, the city is
going to have an improved traffic scenario.
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The Karnataka government is spending 20,000 crores for
setting up 6 Bangalore SEZs and many prominent corporates
and developers have decided to invest on SEZ in Bangalore.
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Will have enhanced connectivity by road, rail and air.
The road projects across Bangalore and its outskirts include
a four-lane stretch of 74-km Kundapur-Suratkal the 85-km
Bangalore-Mulbagal road; the six-lane road between K R
Puram and Hoskote; a four-lane 157-km Nelamangala-Hassan
road; and a 131-km peripheral ring road, critical to decongesting
the city. |
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The first phase of the Bangalore (Bengaluru) International
Airport is estimated to be operational by 2008. This airport
will change the traffic module of the city as it opens
up the skies for international flights making it a strategic
location for investment. |
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The proposal for Metro rail project in Bangalore has
been sanctioned by the Government of India and will resolve
the problem of congested roads in the next few years.
The 33-kilometre-long metro rail project in the city will
be funded by the federal government, the Karnataka state
government and a Japanese bank. |
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With more investment into the city there has been dearth
in lodging facilities in the hospitality sector. Approximately
7.0 million square feet of commercial space is likely
to be absorbed this fiscal year (2005-06) in this sector
and Bangalore is expected to have, 27 new hotels, serviced
apartments and mixed-use developments with approximately
6,100 rooms in various segments over the next few years.
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Technocrats in Bangalore (like Infosys and Wipro) have
joined hands with the government to launch a 9km-long
unique flyover project – considered to be the most
marvelous flyover project in the country', from the Hosur
Road to the Electronic City. |
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The Government of Karnataka has identified an 'IT Corridor'
in Bangalore and is expected to spend Rs. 200 crore over
the next two years developing it. This IT corridor stretches
from Whitefield through Indiranagar, Koramangala, Hosur
Road, HSR Layout, Electronics City, J. P. Nagar and Banashankari.
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As Bangalore is gearing up to become the ultimate corporate
and industrial destination for global and domestic investors
alike, the real estate segment of the city is also experiencing
major growth. Current statistics show a shortfall of 25% in
the residential micro market of Bangalore creating demands
for real estate projects in the residential and commercial
segments.
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