Why North Bengaluru is booming?

North Bengaluru is experiencing significant growth due to several factors:

1. Proximity to the Airport: The Kempegowda International Airport in Devanahalli has been a major growth driver¹.
2. Commercial Growth: The area is attracting research and development, aerospace, automobiles, and pharmaceutical companies¹.
3. Residential Demand: This commercial expansion has increased the demand for residential properties¹.
4. Infrastructure Development: Projects like the Metro Rail Phase 2B, Peripheral Ring Road, and Satellite Ring Road are improving connectivity².
5. Employment Opportunities: North Bangalore is expected to add around 3,50,000 new jobs by 2025, capturing about 30% of the overall office absorption in the city².
6. Shift in Work Profile: There’s a shift from IT/BPM to high-value consulting, analytics, and R&D-oriented jobs².
7. Real Estate Potential: With 15,000 existing units and a supply requirement of over 1,00,000 units by 2025, the real estate market is booming².
8. Aerotropolis Development: The Bengaluru International Airport Area Planning Authority (BIAAPA) region is developing as India’s first aerotropolis, with high demand for offices and residential units².
9. Job Creation: By 2030, the aerotropolis area alone is expected to employ around 250,000 people¹.
10. IT and ITeS Sector: This sector remains the key occupier group, with a high demand for quality office spaces¹.
11. Post-COVID Office Market: There has been a progressive demand for office spaces post-COVID, especially for satellite offices¹.
12. Metro Connectivity: The upcoming Namma Metro corridor to the Bengaluru International Airport is a pivotal catalyst in the area’s development².
13. Road Connectivity: The government is exploring building tunnel roads to connect KIA with IT corridors and the city center².
14. New Metro Route: A proposed 37-kilometer new Metro route from Hebbal to Sarjapur is under consideration².
15. Commercial Hub: North Bangalore is fast emerging as a new business hub with several tech, aerospace, automobile, and pharmaceutical establishments¹.
16. Residential Growth: The commercial growth has increased the residential catchment potential, with a supply requirement of over 100,000 units by 2025¹.
17. Infrastructure Thrust: The thrust on infrastructure development, including Metro Rail Phase 2B, Peripheral Ring Road, and Satellite Ring Road, will provide much-needed connectivity¹.

These factors contribute to making North Bangalore a vibrant and rapidly developing region of the city. These points underscore the multifaceted development that North Bangalore is experiencing, making it a significant growth destination in the city. Courtesy: CoPilot