Properties near Bangalore Airport to see appreciation

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The six-lane elevated 3.72 km road over the existing road to the international airport has changed the topography of the area. This elevated project by the National Highway Authority of India (NHAI) is at various stages of construction from Hebbal to the Yelahanka railway-under-bridge. Estimated at a cost of Rs 608 crores, the toll rates on this route will be revised once the project is completed and the drive to the airport becomes seamless and signal-free.

Though the elevated project is not continuous and runs only up to a distance of 3.72 km, the remaining 4-5 junctions on this stretch will have either flyovers or underpasses. At least two flyovers, two underpasses, one pedestrian underpass and one cattle underpass will be constructed on this road by the NHAI.

Along with this significant infrastructure project to the international airport, there are also plans to extend the Metro line from Hesarghatta up to the airport. These significant projects will add value to property along this route.

The region has a demand for residential, commercial and retail spaces. With plans for the development of an aerospace Special Economic Zone (SEZ), IT SEZ and creation of separate workspaces in the vicinity of the airport, there is also a huge supply of residential layouts.

The upgraded connectivity to Peenya will also add value to the development in the region. The Y-shaped C N R Rao Road underpass will ensure smoother traffic flow towards Yeshwanthpur-Malleswaram and Yeshwanthpur-Mekhri circle. The Doddaballapur Road, Hennur Road and Hebbal areas that are connected to the international airport road are now hotspots for property development.

The plan to make the Outer Ring Road (ORR) a signal-free, seamless corridor will have far-reaching implications on the growth along its route. The stretch from Hebbal flyover to Benniganahalli has scope for commercial development. A number of residential projects along here will result in a reasonable number of commercial developments too.

The connectivity from Old Madras Road to Devanahalli too is another significant factor that has led to realty development in this corridor. Commercial spaces, retail outlets, hotels and residential projects will generate good investment returns due to their proximity to the international airport and ambitious infrastructure projects.

Source: Times Property in The Times of India, Bangalore