West Bangalore has seen massive growth in the last decade with new infrastructure projects, social developments, and a shift of top IT firms and tech parks to the region. The area has a high potential for growth in the next 5 to 10 years, with many new commercial projects, tech parks, industrial areas, and residential projects being established. It has been expanding rapidly with the huge availability of land areas with good connectivity and access to major national and state highways.
Here are some of the major factors that will increases The Potential of West Bangalore in The Next 5 to 10 years:
Connectivity
West Bangalore is a prime region that is home to major National Highways, tech parks, IT hubs, and industrial areas. It is an ideal area for investing in residential and commercial properties. The 10 line Mysore Bangalore Expressway connects the residents of West Bangalore easily to Mysore and surrounding cities with less traveling time. Tumkur Road near Peenya connects Asia's largest industrial area with good connectivity to Mumbai Highway and Mangalore Highway.
Tech Parks and Industrial Areas
West Bangalore is one of the main industrial hubs in Bangalore, with the largest and oldest Peenya Industrial area, which is home to many top manufacturing companies. Yeshwanthpur and Jalahalli, in the western part of the city, have numerous top IT firms and tech parks, such as Manyata Tech Park and World Trade Centre, which provide great employment opportunities.
Social Infrastructure
The region has modern and established futuristic infrastructure and provides comfortable living areas for the residents. It provides quick access to top educational institutions such as Bangalore University, R V College of Engineering, Rajarajeshwari Medical and Engineering College. Top hospitals like Manipal, Apollo, BGS Multispeality Hospital, and M.S. Ramaiah Hospital are ideally located in West Bangalore.
Business and Commercial Hubs
West Bangalore is a new commercial hub in the city with easy access to Tumkur Road, Mumbai Highway, Mangalore Highway, and Mysore Bangalore Expressway. The established connectivity of the region has led to the start of many export and import businesses and has turned the region into a new business and commercial hub.
Growing Real Estate Market
The region has wide exposure to the outskirts of Bangalore with the availability of huge parcels of land with good connectivity. There are many new residential and industrial areas developing in West Bangalore. The Bidadi area, with many job opportunities, is one of the main factors that boost the real estate market value on Mysore Road in West Bangalore. It provides great investment opportunities and yields profitable returns for investors.
Scope of growth
The presence of the Peenya Industrial area, Rajajinagar Industrial area, Bidadi Industrial area, and many more global companies in the region makes it the best region for investment, with a high potential of growth in the next 5 to 10 years. These many industrial areas and job centres have increased the demand for residential homes with high resale value and rental prices. The upcoming 65 km Peripheral Ring Road and Satellite Town Ring Road will cross top regions of West Bangalore via Magadi Road and Bidadi and provide easy connectivity.
Birla Ojasvi is a Prelaunch Project by Birla Estates in Rajarajeshwari Nagar.
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