Forget Devanahalli, Next Bomb Is Waiting To Explode Here!!
One of the oldest surviving green patches on Kanakapura Road off Banashankari temple in Bangalore South will soon get a concrete face. The lush Nilgiri plantation, popularly known in the area as ‘Sarve Topu’, owned by the Khodays, has been transacted for a joint development agreement.
The 40-odd acres of plantation, which is part of a former glass factory, is being proposed for mixed use development — residential complex, IT spaces and a high-end mall. The land costs nearly Rs 12 crore per acre.
As Bangalore East has reached the saturation point in terms of realty development and Bangalore North towards Devanahalli is getting clogged, developers are now eyeing the Kanakapura Road.
The stretch between Sarakki and Talaghattapura connecting the state highway, which was once a village, is the most happening place, thanks to the Namma Metro cutting through the corridor. The adjoining areas, where the real estate prices had hit rock bottom, have woken up after the BMRCL announced and commenced the construction work.
The who’s who in the industry — Mantri, Puravankara, Brigade, Sobha, Nagarjuna and the latest entrant, Prestige Estates, are making a beeline to the place.
One of the early birds on the stretch were the Khodays, who set up a brewery and glass factory from 1972 onwards. A popular yesteryear watch .....................
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Ravi sirji , it is only 40 acres.
Devanahalli development is talked of the scale of 10000 acres and that for for many years now. SO even if the plans starts for kanakpura road then it will take years to come to the level of devanahalli and both kanakpura nd devenahalli will take many years to have the complete development like whitefield area.
Whitefield area is already 60-70% developed and hence the scope of appreciation is less but it can sustain hiccups from recession or any slowdown as it is self sustained place now with malls, schools , hospitals, flats , offices , hotels etc.
Devenahalli is like a long term bet. We never know when govt changes nad some plan are put on stay. So whatever is on papers will take years to get developed.
Just my views, rest as you said buy anywhere in bangalore for next 15-20 yrs and u'll get huge profit. I too agree that ;-)
Ravi you are equating 40 acres with ITIR,softwarepark,Private Tech Parks and IT SEZ .
A project bigger than this is Karle town Center in Nagawara which is on 80 acres .Prestige Falcon City you are referring to will be launched in June Next year.Not a single MOU in GIM 2012 on Kanakapura Road.even CA belt is more attractive than this
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