|September 10 2011, 12:02 AM||#1|
Location : Chandapura Anekal Belt, Bangalore
The following are the growth activities in Chandapur Anekal belt, currently happening or announced:
Under construction 275 acres Allianz Eldorado Park on Anekal Jigani Road with 1100 villas plus 200 row houses, 500 apartments, 18 hole golf course, 4 screen Multiplex, 5 star hotel with 150 rooms
Allianz Shopping Mall on Anekal Jigani Road – proposed – inside Allianz Eldorado Park - with 1,75,000 sq.ft leasable area
PES engineering college, Oxford Institutions - both on Hosur Road, will be about less than 15 kms.
This Chandapura Anekal road from Chandapura Circle (C-Circle) till Anekal - which is about 14 kms long is being widened into a huge massive 300 ft road and work is under progress now at this moment.
Phase II of Bangalore Metro to be done from 2015 to 2020 has already got Chandapura circle included in the rail network proposed and is expected that Anekal will be included in Phase III.
This Chandapur Anekal road will soon become a part of the Intermediate Ring Road since road widening work into 300 ft wide road from Chandapura Circle till Anekal circle has already started and work is currently under progress at this moment. This Intermediate Ring Road will be a total length of 188 km which will connect Chandapura, Anekal, Nelamangala, Bidadi, Harohalli, Tattekere, Hosakote, Sarjapura, Jigani, Tavarekere, Aradeshanahalli and Mylenahalli and connect Devanahalli International Airport directly. This road (including the Chandapur Anekal stretch), when road widening work is completed, would be 188 kms long and will be an 8 lane road including two service lanes on either sides. Estimated Cost is Rs. 1000 crore.
A super luxury high end villa project on Chandapur Anekal Road (C-A Road), just 4 kms from Narayana Hrudayalaya Hosptl was announced by Artha Property of Times of India group in association with Vasudha Properties as the Land Developers with launch of 165 villas on a 13 acre land with private swimming pool for each villa - costing between 1.10 crores to 1.50 crores basic cost was announced on 5.8.2011 as per a Times of India/Times Property newspaper article. This means the area and the Anekal Road has fallen in the eyes of land developers and the area has come to their notice for development prospects. Surely, in 3 years’ time from today Aug 2011, none can imagine how the area would have developed. This project will be located just one km behind Marsur Gate.
HDFC is constructing a total of 2500 apartments on C-A road with a dedicated CBSE school from 1st standard to 10th, just 5 kms away. The project is called VBHC Budget Apartments and when fully completed, this project will have a total of 2500 apartments, bang on the main road, just 2 kms from Marsur Gate, just 6 kms from Chandapura Circle. 56 apartments keys were handed over to owners on 13.8.11 as per a TOI newspaper report. VBHC is a company owned & founded by the former Mphasis Founder Jerry Rao.
JR Housing has started construction of 175 villas priced between 73 lakhs to 102 lakhs all inclusive but excluding registration of 1850 sq.ft and above. Including about 10 lakhs for club house, swimming pool, maintenance, power, water etc. etc.
A Malaysian company is constructing 576 apartments on C-A road just 4 kms away.
Surya City has started construction of 392 apartments on the main road itself. Work started on 15th July 2011, bang on the main road, 3 kms from Chandapura Circle, in addition to below mentioned project details.
More details follows, in the next post.
Ever heard of the quote:
"OPPORTUNITIES ARE NEVER LOST. SOMEONE ELSE WILL GRAB IT - THE ONE WHICH YOU MISS"
|September 10 2011, 12:05 AM||#2|
PART II - WHAT IS HAPPENING IN CHANDAPUR ANEKAL BELT?
Surya City Phase I is expected to be a total of 1200 acres when work is fully completed.
Out of this 1200 acres, an area of 300 acres project is already fully occupied and operational and is just 5 kms away with private roads, gardens, parks, proposed shopping complex like BDA complexes and has a total of 3697 units with a mixture of Low income flats, middle income flats, high income flats, low income villas and high income villas, with a mixture of 4 storied buildings and also 8 storied buildings. All these together have 3697 units/dwellings total (1633 plots + 487 Houses + 1577 Apartments = 3697 Units).
Surya City Phase II when completed is also expected to be a total of 1260 acres in addition to the above Phase I of 1200 acres.
This Phase II is under development and construction is going on, just adjacent and behind this Phase I on a 310 acre extension with plans to have about 3500 dwelling units. I can show you all these if you are interested to make a visit by your car and you can see and assess the potential for future yourself personally.
Phase I of Surya City is just about 5 kms from Circle and Phase II is about 7 kms away
Surya City Phase III:
Land acquisition is in progress already, as of now, for Surya City Phase III and Phase III alone is expected to be a total of 1400 acres.
Thus, Phase I will have 1200 acres, Phase II will have 1260 acres, Phase III will have 1400 acres.
After all Phase I, II, III are done and completed, the whole of Surya City or Surya Nagar is expected to be a total of 3860 acres, all 3 phases together total.
By 2020, all 3 phases of Surya City – Phase I, II, III of 3860 acres is expected to be completed as per the Comprehensive Development Plan 2031 (CDP 2031) prepared by the Government of Karnataka as required by the regulations of JNNURM funded by the Central Government of India. JNNURM is a centrally funded organisation which oversees the Urbanisation of Rural Areas surrounding a city, monitoring the planned scientific growth and development of a city for Inclusive Growth of the lowest strata of society to bring the rural population out of poverty and include them in the growth of the nation. 60 cities including Bangalore come under the purview and jurisdiction of JNNURM. The meaning of URM is Urban Renewal Mission.
Such is the speed with which Chandapura Anekal road is developing.
An Individual Town Ring Road called ITRR is proposed for Anekal town, which will be a Ring around Anekal Town, as per the CDP 2015 plan of the Government of Karnataka called Comprehensive Development Plan which is prepared once every 10 years, by the government, for the next 10 years.
As the government set out to make a survey to construct Satellite Town Ring Road for Bangalore along with Intermediate Ring Road (STRR and IRR), they found that 8 towns were in the way of these two ring roads. Hence a need was felt to construct 8 Ring Roads around these 8 towns which are called Individual Town Ring Roads (ITRR). These 8 towns are mentioned below.
These ITRRs will be linked to IRRs which will be further connected to STRR which will be further connected to Radial Roads called RRs.
The ITRR will connect 8 towns viz., Devanahalli, Kanakapura, Hosakote, Nelamangala, Ramanagaram, Anekal, Magadi, Doddaballapur and will be a total of 190 km high speed corridor in length with 300 ft wide road, having 4 lanes of 180 kmph speed, plus 2 service lanes on either side (total 8 lanes)
The ITRR as above will be 190 km long
The STRR is proposed to be 204 km long
The IRR is proposed to be 180 km long
The RRs will be 180 kms long
The above project – all above roads mentioned is under the control of BMRDA.
In addition to all above, a Peripheral Ring Road that connects to all above roads, is also being planned by BDA and it is expected to be 165 kms long passing through the Electronic City.
More details in the next post.
Ever heard of the quote:
"IF YOU FOCUS ONLY ON WHAT YOU LEFT BEHIND, YOU WILL NEVER BE ABLE TO SEE WHAT LIES AHEAD"
|September 10 2011, 12:08 AM||#3|
PART III - WHAT IS HAPPENING IN CHANDAPUR ANEKAL BELT?
FUTURE DEVELOPMENT PLANS BY GOVERNMENT AND PRIVATE INVESTORS:
Recent articles on growth plans in this Chandapura Anekal stretch of road or area or surroundings:
Times of India - Page 2 dtd 7.7.2011 - Bio tech park proposed on 109 acres - constructiton to start from 11th July 2011 by US Company Alexandria Equity Ltd for 500 crores - built up area - 14 lakh square metres (not sq. feet)
Same issue as above - page 5 - IIM - B to start construction soon of a 2nd branch and unit in Anekal on 110 acres on a 30 year lease already got from Government
Same isssue as above - Management Development Institute - Gurgaon's most famous MBA college and B School plans a new campus on 50 acres next to IIM B Anekal extendable by another 50 acres at a later date.
Same article as above - Karnataka's first Private University offering MBA programs called Alliance University - 2nd most popular MBA college after IIM-B in Bangalore - plans to expand operations to 105 acre campus on its existing college and project site, currently already running and operational since 10 yrs on Chandapur Anekal main road itself, just 3 kms from Marsur Gate.
Within a radius of about 16 kms from Chandapura circle, as many as 70 IT companies and OEMs are located. Just 12 kms from Cpura circle, on Sarjapura Attibele Road, Infosys has acquired a 300 acre land for their next IT expansion.
Attibele (which is the border and last part of Bangalore), which is another 7 kms away from Chandapura Circle - has a project by Shriram Properties with upcoming 1300 apartments in one single project location.
With these developments, in another 3 to 5 years, this area too will become a hot spot like Sarjapura, Marathalli, Whitefield, HSR layout, Hosur road, Electronic city, Jayanagar, Koramangala etc. and will be unaffordable then, prohibitively expensive perhaps at 2800 or 3200 per sq. ft just for land alone then.
BMRDA consists of 8005 sq.km which consists of Bangalore Urban area and Bangalore Rural area out of which right now, BDA is under control of only 1219.50 sq.km of Bangalore. Contrary to popular belief, BDA itself also actually comes under BMRDA, because BMRDA is divided into BDA, BBMP and 10 more Planning Authorities called BMICAPA, APA, NPA, MPA, HPA, KPA, BIAAPA, APZ-1 and 2, all Interstitial Zones in BMR.
By 2030, Bangalore is expected to grow to the whole of this 8005 sq kms
With BDA controlling 1219 sq km, BBMP is currently controlling only 800 sq.km and is hardly generating any revenue to sustain itself or execute developmental or growth/improvement activities. To improve its revenue generating potential by way of property tax, 110 additional villages were brought under BBMP jurisdiction 3 years ago. Thus many Rural areas have suddenly become BBMP areas – in common man’s terms – Bangalore City Corporation limits and thus BBMP spread to 800 sq.km. In the same way, another 250 villages will be brought under the BBMP jurisdiction by 2016 to increase the revenue generating ability of BBMP as per the CDP 2031 plan and to have a planned organized growth of Bangalore. Thus slowly all villages inside of 8005 sq.km. will become Urbanised and there will be nothing called Rural Bangalore. Everything will be Urban Bangalore. That is the reason why you see names everywhere like “Uttarahalli” and “Marathahalli” inside Bangalore city whereas Halli actually means village. Once upon a time they were villages. Now they are inside the city.
Anekal Town alone has 170 villages. It wont be long before all these 170 villages become urbanized and become part of the city. It is already planned by CDP 2031 that all these 170 villages be brought under Urban Bangalore – means Bangalore City – by 2031. With that purpose in mind, a Ring Road around Anekal Town is planned to connect the Ring Road to Intermediate Ring Road of 188 kms as mentioned above.
With the same purpose in mind and with a desire to make Bangalore have a planned growth and development, it is proposed by the government that by 2030, the remaining 5986 sq.km be also brought under the jurisdiction of BBMP thus totaling 8005 sq.km.
This means that Chandapura Anekal road and Anekal town itself will also one day, if not today, atleast by 2030, be under Urban Bangalore, thus losing its previously held tag of Rural Bangalore. The rates then will be something like what it is in Bannerghatta Road because by then, multiplexes, malls would all have sprung up in the vicinity.
Since most of you forum members/readers are all around just 32 years of age now, by 2030, you will all be only 52 years old. Since most of you will anyway work there in the US for another 10 years till 2021, the rural look of the area should hardly matter to you now. What should matter to you is if the area would be urbanised when you are ready to shift by 2020.
Very few of you would be aware that bang in the middle of Electronic City, just 14 kms away from C-Circle, Bangalaore's largest Mall, India's 2nd largest mall is under construction and is set to open in Dec 2013 on 16 acres of land with a 10 screen multiplex, with 140 retail outlets, 1250 seater foodcourt - Asia's largest foodcourt of 26 Restaurants, with a 42 lane bowling alley Amoeba - the Mall having 1.6 Million sq.ft Total Leasable Area. 2 years from now, when this Mall opens, the price of plots in C-Anekal road will be anywhere between 2000 to 2250/- psft. This post of mine will then be proof of my forecast and vision.
Few are aware that it has already been decided by the State Government that, as per the CDP 2031 plan, BDA and BBMP will both be abolished by 2031 and they will both cease to exist, because by then, both would have outlived their purpose and requirement. Both will be folded into and merged into BMRDA and only one single entity called BMRDA will exist by 2031 to supervise and administer the whole of 8005 sq.km of Bangalore.
|September 10 2011, 05:48 PM||#4|
HERE IS WHY LAND PRICES RISE IN BANGALORE - ATLEAST ONE RHYME OR REASON
Funded by builder, IAS officer went on Dubai pleasure trip
The KSSIDC boss allegedly stayed in a swanky hotel, went on desert safari and splurged at malls. In his defence, he says he is being framed
Bangalore Mirror, Rakesh Prakash and Suchith Kidiyoor….
Posted On Friday, September 09, 2011 at 11:06:40 AM
It’s a classic case of ‘collusive corruption’ Team Anna had been crying hoarse about. Senior IAS officer N Prabhakar, who is managing director of Karnataka State Small Industries Development Corporation (KSSIDC), took a pleasure trip to Dubai in February. Staying in a swanky, centrally-located hotel, he visited Burj-Al-Arab Jumeirah, went on a desert safari in a BMW X-3 series, along with an escort, shopped in top malls and dined at the best of restaurants. And all the bills were footed by a land developer.
Documents accessed by Bangalore Mirror from a source, who did not want to be identified, showed that Prabhakar went on the four-day trip just for ‘fun and relaxation’. He flew out on an Emirates flight on February 10, but even now, not many in his department are aware of it. The few who know about it have no inkling that a land developer, who goes by the name Raja J S, had sponsored it.
When Bangalore Mirror contacted Prabhakar, he initially trashed the allegations. But when confronted with the copies of air tickets and hotel reservations, he said, “This is a handiwork of a general manager in my department, whom I had suspended on charges of misappropriation of funds. He is taking revenge by spreading rumours.”
Prabhakar’s tickets and hotel rooms were booked using Raja’s credit card. The amount paid for hotel reservation alone was Rs 40,295. The developer allegedly paid for the safari too. And Raja’s credit card statement shows a purchase of Rs 1.41 lakh at Sky Jewellery, Dubai, during the very period Prabhakar was there.
But why would a land developer sponsor Prabhakar’s pleasure trip? Why not, asked the source. After all, he is the head of a key government agency mandated to developing small scale industries; one of its key functions being procurement and allotment of land for establishing industrial units and estates.
Another builder, who too knew about the affair, said that if bureaucrats want, they could change the land pricing dynamics. Realtors, gaining from the change, are expected to take the IAS officers and their families on foreign junkets as a quid-pro-quo.
Such bureaucrats rope in land developers, saying that the government is interested in buying land from them for setting up industrial plots. The developers are promised a rate higher than the market price. For example, if one acre of land on the outskirts of Bangalore is worth Rs 1 crore, an officer would use his clout in the government to fetch the developer he is dealing with Rs 1.25 crore per acre. Once the deal goes through, the developer and the officer split the spoils.
Raja, the land developer who had travelled to Dubai with Prabhakar, allegedly owns huge tracts of land in Nelamangala and Anekal.
When Bangalore Mirror asked Prabhakar why a land developer’s credit card was used to book his air tickets and hotel room, the KSSIDC chief said, “Someone might have booked the tickets for me, but I have repaid him the money.”
Admitting that it was not an official tour, Prabhakar said, “I have my relatives over there (in Dubai), and I went to meet them. As per norms, I took the permission of the department of personnel and administrative reforms before flying out.”
About the transactions on Raja’s card, showing purchase of jewellery worth Rs 1.4 lakh in Dubai, Prabhakar said, “I did not buy anything there. Nowadays, anything can be done with vested interest. It is easy to fabricate documents and put someone in trouble. There are people who do not want me to continue here, so they are creating all sorts of trouble. They are blackmailing me for the past three months.”
Efforts to trace Raja and get in touch with him proved futile. In the past, there had been many irregularities with regard to KSSIDC’s allocation of sheds and industrial estates
|November 13 2011, 07:03 PM||#5|
ROAD ALREADY WIDE NOW
Many here on the forum tried to make fun of me when I said the C-A belt is changing its look - fast and furious.
As skeptics decided to be "skeptical" and disbelievers decided to "disbelieve" everything that I said in the above posts about the growth of C-A belt - some smart men on the forum here and positive "thinkers" like me - decided to go ahead and invest in the C-A belt and many of them bought plots/sites here in this area in the last 6 months. There are many who personally corresponded with me and have benefitted by my advise.
Meanwhile, the Chandapura Anekal road - all the way from Anekal Circle to Chandapura Circle - has already almost become a massive 200 feet beautiful wide road. Only a few-km-stretch of the road remains to be tarred and widened.
Meanwhile, again, all apartment builders, all villa builders, all sites/plots/layout developers there on that road, are gearing up to jack up the prices because the road now is so huge, broad and wide.
Along with 2750 apartments by VBHC - there are as many as about 4000 apartments under construction on this stretch of road plus another 1000 villas under various stages of construction/planning/implementation by various builders.
Research is good. Being skeptical is good. But indecisiveness is bad. Procrastination is bad.
Come March 2012, interest rates will start to fall. Inflation will start to nosedive and crash. That is when developers and builders will jack up their prices and go laughing all the way to the bank - leaving a deep hole in your pockets.
|November 14 2011, 08:14 AM||#6|
A NEW ROAD FROM ATTIBELE
A 65 km long peripheral road from Tumkur to Attibele taken up by BDA is fast progressing as per a recent newspaper report 13.11.2011 TOI.
|November 14 2011, 02:30 PM||#7|
True Ravikanth. I myself have visited that entire area, from Chandapur to Anekal and from Anekal to Attibelle. But CA belt has life beyond our expectations what we can imagine and everybody will feel in near future. That entire stretch has been beautifully planned. I booked two sites in that area. Thanks to your advice. Prices have started to rise, next year prices will be almost double. I booked at 650, they are launching phase 2 next month at 800. In two months there is a price variation of 150/sqft.
|November 14 2011, 03:13 PM||#8|
Only Anekal- Why
Why ppl are only focussing Anekal-Chandapur-EC alone. How far it is from city centre, how about spending time, recreations, entertainment after office hours. I wonder why this?
|November 14 2011, 03:54 PM||#9|
Hey City Centre means are you talking about Majestic? If you are talking about majestic then dont read below; i dont need to say anything.
Tell me one thing what was the status of Bangalore minus 5 years? I will say you areas like whitefield, in and around areas to ORR were not existing. Marathalli to has grown in last 5 years. Airport too wasn't there where it is now. A lot has changed since. CA belt is fast developing and is well planned; it is well connected to Silkboard and Kormangla. from Chandapur it takes 20 mins only at 50 KMPH to reach silkboard during peak hours too and after 5 years you never know you dont need to go to far places for entertainment. With STRR it will take approx 30 mins again to reach whitefield.
Have you ever thought how do people who are staying in whitefield go for recreations or entertainment? Do they go every week to kormangla? Yes they might have gone before 5 years but now they dont need to. If people gets everything in their surroundings they dont need to go anywhere.Thats the overall story. Major points however is a concern when you will board a train or catch a flight. But then metro planned at chandapur which will connect to Airport and rest parts will not be a problem in future. Right now it is affordable to buy; when it will be fully developed it will be impossible to buy. For ex- 10 years back when plots were sold in HSR layout, they were sold at 400-500 per sqft. At that time there was not a single school,college in the vicinity. Bangalore's first mall FORUM in kormangla too wasn't inaugurated. Just imagine how the places in and around HSR would be; a jungle perhaps but now it is 7000/sqft. Can you buy? Atleast i cannot.
|November 14 2011, 05:43 PM||#10|
I agree with you to some extent. CA will definitely improve but "by when" is the question? Can people build a house and start living comfortably right away? - I don't think so. It is good for investment for now, but to start living - I guess it will take 4-5 years at least.
HSR layout developed faster because it is closer to ORR, equidistant from Electronic city and other IT companies in ORR/Marathalli or even Bannerghetta road. Very close to Koramangala which is already well developed. But will CA belt develop as fast as HSR layout did? I have my doubts here.
I have also not read any official news about metro connectivity to Chandapura circle or Anekal(there are some news to connect Bommasandra Industrial area to RV road). Have also seen builders advertising that proposed metro is in front of KHB surya city OR Anekal rly station. Don't know the truth yet. More than metro, I'll bet on Commuter Rail service that uses existing railway tracks.. Hope Govt does something on these commuter train plans, and it will ensure faster connectivity from Anekal to city.
There were news of pollution in a lake in Bommasandra 2 years back. How good is it to invest in the area between "Bommasandara-Jigani road" and "CA road" considering this aspect?
It is encouraging is to see lot of residential projects in this road, but I think it will need 10+ years for it to develop like HSR layout. For people who want to start living in this area, it is better to choose something near Anekal town itself or close to Chandapura circle, so that everyday needs are well taken care of. In-between 10kms are all fields or filled up with layouts where people have done investment (not living!).
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