BM property: Approval for highway widening in North Bengaluru

13 Nov 2024 CW Team

The state cabinet recently approved the widening of a new highway, which is expected to bring substantial infrastructure development through a 110-kilometre hybrid annuity road project. This road will connect key regions such as Hoskote, Devanahalli, Sidlaghatta in Chikkaballapur, Kolar, and Malur in Kolar district. Valued at Rs 31.90 billion, the project is part of the state’s infrastructure expansion plan designed to boost industrial growth and connectivity in the rapidly urbanizing Bengaluru north. It is expected to launch in early 2025 and aligns with the upcoming Bengaluru-Chennai Expressway, bringing additional benefits to the region.

The hybrid annuity road, extending to the Tamil Nadu border, is divided into three primary phases. The first package, covering Vemagal, Malur, and the Malur Industrial Area to the Tamil Nadu border, is estimated at Rs 9.58 billion. The second package, which includes an elevated corridor from Hoskote to Malur, will support the industrial zones in Malur and costs Rs 10.54 billion. The third package, connecting Devanahalli to Vemagal and Kolar, is projected at Rs 11.78 billion.

Devaraj D, a real estate developer, stated that the upcoming 110-km hybrid annuity road project in Bengaluru Rural district is expected to transform the real estate dynamics in North Bengaluru, positioning it as a sought-after destination for residential, commercial, and industrial investments. He noted that this would likely lead to a rise in residential demand in the area as more people seek to move to the outskirts for the appeal of less congestion and affordability, yet with fast access to the city. He further mentioned that Devanahalli, already a hub for real estate development, stands to benefit greatly. Real estate developers are anticipated to capitalize on the growing interest in the region by launching new residential communities and mixed-use developments to accommodate the influx of new residents.

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