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A Changing Bangalore

Posted by admin on February 25, 2017
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A changing Bangalore, an expanding Bangalore.

 

“We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure produces a foundation for long-term growth.”

 – Roger McNamee, Founder of Elevation Partners.

All of the greatest cities in the world can attribute their success directly to their infrastructure systems. New York, London, and Tokyo were all built upon extensive underground railway systems which allowed for greater connectivity, a platform for the effective installation of sewer, phone and electrical lines. While Bangalore cannot be placed along with the earlier mentioned cities in terms of greatness, it certainly has the potential.

From a sleepy cantonment, known for its large green spaces, weather and pubs, Bangalore has grown to become the Silicon Valley of India. Electronic City, Whitefield and soon the North of Bangalore are now homes to some of the largest electronic, IT and IT service companies. Development of the city’s infrastructure is crucial to reach its potential developmental abilities. We have the welcoming cosmopolitan society, a city supportive investment and development

The city’s planning authorities have realised this necessity too and are working fast to improves the current infrastructure to allow the city to expand in an organized manner so that this city may grow to the Status of it’s aforementioned counterparts.

We have tried to detail some of the government’s plans to develop Bangalores infrastructure below.

 

PRR

The PRR or Peripheral Ring Road is a proposed highway that is to circle around Bangalore in a bid to destress the traffic on the current Outer Ring Road. This is to allow a high speed corridor that will allow users to avoid the city center altogether and free up the Outer Ring Road in regards to heavy vehicle traffic as well.

 Consisitng of eight lanes and three lanes of tolll free service road on the side. The first phase running for 65km of it’s 116km length is to connect the Tumkur road to the Hosur Road.

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The work for this project is expected to begin by June-July 2016 pending a loan from the JICA (Japan International Cooperation Agency). The environmental clearance has been passsed and the court has thrown out a case put forward by landowners against the land acquisition for the road.

The projected benefits from the PRR are first towards the decongestion of city roads and to move development outside the centre of the city. Major builders have already begun acquiring land parcels around the proposed PRR corridor to free up the housing market within the city. The road will also free up congestion from heavy vehicles which now have to use the Outer Ring Roads to pass through the city.

Namma Metro

 Bangalore followed Delhi’s cue by establishing its own metro line to free up traffic on its roads and establish the next level of public transport in the city.

Phase 1 which comprises of two lines, Line 1 which runs from Nagasandra in the North-Northwest down to Puttenhalli in the South. Phase 2 runs from Mysore Road in the South-Southwest to Byappanhalli in the East. This first phase is due to be completed in full by the first quarter of 2016 with Line 1 expected to be completed by the final quarter of 2015.

It is common knowledge that the realty prices of property within the metro corridor rise globally, the same story continues in Bangalore. Residential property within the current extent of the metro has risen by 25% in the 2011-2014 period. Rentals have gone up by 50% for residential property and 40-50% for commercial property.[1] The further rise in FAR for the areas around the Metro corridors has seen an increase in commercial and residential development planning as it allows a greater built up area to be constructed. This expected demand for commercial space is expected to see a speculative rise in demand from homebuyers who would be working in these commercial developments and who would be using the metro as a means of transport.

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Preliminary works have begun for Phase 2 which is expected to extend Line 1 from BIEC (Bangalore International Exhibition Center) in the North-Northeast down to Anjanapura(NICE Road). While Line 2 will be extended from Kengeri in the west to Whitefield in the East two new lines are to be developed which would connect RV Road Interchange to Bommasandra and another  extending from Nagwara in the North-Northeast to Gottigere in the South –Southwest.

Phase 3 will include a high speed line between the International airport in Devanahall passing through Hebbal to the airport.

While the Bangalore Metro is expected to bring a surge in investment around its corridor and allow for the freeing up of Bangalores traffic, it will be not be able to maximize its potential until all its lines are complete and fully functional.

ITIR

The ITIR or Information Technology Investment Region is the proposed establishment of a proposed 10,500 acre catchment  of land solely devoted to the IT industry. It will spread over 45 villages in the Devanahalli and Doddballapur taluks.[1]  As of 2014 the Karnataka Industrial Areas Development Board (KIADB) is to borrow  Rs. 1,000 crore from Housing and Urban Development Corporation (HUDCO) for the purpose of land acquisition with the phase due to complete by 2020.

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The ITIR, expected to cost 14,200 crore in two phases with CM Siddaramiah announcing that 2072 acres towards the first phase was due to be acquire by the end of the year. Under the new laws of acquisition companies are expected to pay market prices for the land they intend to acquire. The Cm also stated that over 12 lakh people were expected to be employed by the ITIR by 2020. After Infosys’s initial backing out of the project due to delays, the Karnataka govt. is now offering a further 60 acres to woo Infosys back.[1] Water lines and a 40MW connection is also due to be completed for the ITIR by December.

The BDA and BBMP are no longer completely archaic govt. organisations, these developments show a genuine effort being made by the govt. to improve the infrastructure of the city. These developments are a one way road to making Bangalore an efficient city of the future. The homeowner and investor will see a rise in property value and the decongestion of a crowded city center. Either way it is a win-win for the average Bangalorean.

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