LOC A TI O N AN A L YSIS – PU R V A HIGHLANDS Mar c h 2013
Contents 1 2 3 4 5 6 1 Bangalo r e City Ove r view 2 Mic ro- m a rk e t Ove r view 3 Key Residen t ial & Com m e r cial Develop m ent & Social Inf r a Inf r ast r uctu r e Initiatives 4 L o cati o n T r a nsiti o n 5 Key D r ive r s 6
B a n g a l ore is am o n g st the t op 10 pr e ferred e n tre p re n e u ri a l l o cati o ns in the w or l d B a n g a l ore is a l so em e rg i ng as the t op d e stin a tion for s t art u ps in I n d ia P ur v a Hi gh l ands H osur Road NI C E Inte r change P ur v a S kywood My sore Road NI C E Inte r change S il k B oard Junc ti on S arjapur Rd. Junc ti on My sore Road Junc ti on M aratha ll i Junc ti on Major S t a ti s tics • Population – 8 . 9 m illion (20 1 1) • Population D en s i t y – 1 1 , 371 per s q. k m . • Li t era c y R a t e – 80% (20 1 1) • I n v e st m ent appro v ed in 201 - 1 1 – I N R 27 , 195 m illion K R P uram Junc ti on O uter R i ng Road Y e shwanthp u r Junc ti on H ebbal Junc ti on Tu m kur Road NI C E Inte r change City O v e r v i e w • F rom being a pens i one r ’ s paradi s e, t he c i t y has t ran sf or m e d in t o an e st abli s hed I T / I T eS de st ina t io n , I n addit i on t he c i t y is w ell k no w n f or i t s plea s ant c li m a t e and being t he m o s t c o s m opoli t an c i t y in t he c ount r y • T he c i t y w i t ne ss ed a s igni f i c ant s urge in population s in c e 2001. F rom about 5 . 7 m illion in 2001, t he population of t he c i t y grew t o about 8 . 9 m illion people in 20 1 1 • O v er t he pa s t de c ade Bangalore has w i t ne ss ed e x ponential gro w t h in t he in f lux of I T / I T eS and BPO f ir m s , t his is al s o c o m pli m en t e d by a v ailabili t y of large t alent pool in t he c i t y City Map In the l ast de c ade, the ci ty has w i tne ss ed a remarkab l e trans i t i on as a ma j or IT / I T eS & B i ote c h de s t i nat i on i n Ind i a Bangalore City Ove r vi e w 1
P u rva H i g h l a n d s is o n e a mo n g the la n dm a rk d e ve l o p me n ts n e ar K a n a ka p ura R o ad – metro d e ve l o p me n ts w h e n o p er a tio n al is a n tici p at e d to pr o p e l ca p ital va l u e s a n d d e ve l o p me n t activ i ties in the micr o -mark e t I m pa c t of D e v e l opme n t • Going f or w ard, t he de v elop m ent is e x pe ct ed t o c o mm and a pre m ium – under c on st ru c t ion Pha s e -I m e t ro is nearing c o m pletion and is e x pec t ed t o be op e rational by end of 20 1 4 w ill aug m ent s igni f i c ant real e st a t e de m and Mic r o-ma r k e t b r i e f – K ana k ap u r a R oad • Kanakapu r a Ro a d is an em e rging re s ident i al c orridor – lo c a t ion is c hara ct e r i z e d by pre s en c e of independ e nt d w elling uni t s and mi d -large sc ale la y out de v elop m en t s & mi d -large sc ale apar t me n t de v elop m en t s • De m and f or hous i ng in t he micr o -market is f ueled by limited hous i ng s upply in t he neighboring micr o -mark e t s u c h as Bannergha tt a Ro a d, Banashan k a r i and J P Na g ar • NICE road has s igni f i c an t ly enhanced c onnec t i v i t y t o I T hubs lo c a t ed in Ele ct ronic c i t y , Bannergha t t a road and M y s ore road. • F ur t her t he under c on st ru c t ion metro c onnec t i v i t y is e x pe ct ed t o c a t al y z e s igni f i c ant real e st a t e de m and along t he c orridor K ana k ap u r a R oad - Map P u r v a Highlan d s Mic r o - mar k et Ove r vi e w 2
& 3 S o ci a l Infra s t r ucture d e v e l op me n t a r ea Lo cat i o n 300,000 Kanakapu r a R d. M all S y ll a bu s Lo cat i o n La k ev iew d e v e l op me n t G a rd e n D PS C BSE I n st i t u t e of Engineering Kanakapu r a R d. S c h o o l s & Col le g e s K u m ara n P u I C SE M alla s andra S c hool Engineering Kanakapu r a R d. C ollege M an tri Ro y al e E x a l t u s I n st i t u t e o f Te c hno lo g y Pr o mi n e n t R esi d e n t i al Pr o j ec t s N ame o f t h e d e v e l op me n t No. o f Un i ts Lo cat i o n Sobha F ore s t V iew 492 O f f . Kanakapura R d. Brigade O m ega 520 O f f . Kanakapura R d. T he M agic F ara w ay T ree 144 Kanakapu r a Rd M an t ri R o y ale 203 O f f . Kanakapura R d. N i t e s h C ae s a r ’ s Pala c e 514 Kanakapu r a R d. M an t ri Serenity 350 O f f . Kanakapura R d. P r o m i n e n t R eta i l P r o j ects N ame o f t h e T o tal Bu ilt - up (s q . ft . ) M e t ro C a s h & C arry 25 , 000 Kanakapu r a R d. Ga r de n s Ga l leria P r o m i n e n t E du cat i on al I n st i t u t i o n N ame o f t h e KS I T C ollege Engineering Kanakapu r a R d. O f f Kanakapura R d. Y ella m a D a s appa T e c hnology Kuaran Public KS I T Engineering M a p ca p t uring r es id e n t i a l, c omm e r c i a l & s oc ia l infra s truct u re in the mi c r o - m a r k e t G arden s G a ll er ia M a ll Unde r Con st ru ct ion Ho te l V aishna v i M e t r o Ca s h & Carr y Br igad e O meg a D P S Sc hoo l I sko n T empl e K hoday B r e w e r i es M an tri S e r eni ty M an t r i M a ll - P la nne d 3 4 a c r e T urh a ll i F o re s t A re a Y e ll a m a Da s app a S obh a F o r es t V ie w Ni tes h Ca esa r ’ s P alac e KSI T E ng in eer ing Co ll eg e Ma l ls andra P a r amoun t G a r den s J u dici al L a y o u t M an t r i Ho ilda y Re so rt S h r i r a m S y mphon e Sk y li n e V ak il T h e M agi c City KS G r p . o f I ns t i t u t ion s S hr ir a m Re s id en t ial F a r w a y T r e e M aha v ee r Car na t io n S h r i r a m S u r abh i C ompl e ted R e s id e nti a l P r oj e ct Und e r Con s tru c ti o n Re s i de nt ia l Proj ec t Pl a n ne d Re s i de nt ia l Proj ec ts Ca pi t a l Re so rt Pur v a Hig h l a n d s Ed uca ti o n a l i ns tit u t e s P u b lic Sc hoo l Ho s p i t a ls & Me d ica l ce nt e rs Ret a il Hubs Co mme rc ia l De v e l o p me nt Ho s p i t a l i ty De v e l o p me nt Mapping of K e y Res i denti a l & Co m mer c ial Dev e lopment
E j unction P u r v a Highlan d s A n j a napur a /NIC T a l a ghatapura V a j a r a ha l li Kri s hna Le e la P a rk A n j a napura Cross Pu t tenhal l i Station P r oposed K ana k ap u r a R oad Widening • I n or d er t o ease t ra f f ic alo n g t he st ret c h, NH AI has pr o posed t o w iden t he 60 f t w ide Kanakapura road t o a 150ft w ide f our lane road • NH AI has i ss ued preli m inary no t i f i c a t ion f or land a c qui s i t ion f or t he road w idening a ct i v i t y in April 2012. R oad w idening w ill begin f rom t he N I C E road in t er c hange and w ill end at Kanakapu r a. • R oad w idening w ill s ub st an t ially ea s e t ra f f ic – po s i t i v ely i m pa c t t he i m age of t he lo c a t ion NICE R oad • N I C E R oad w as built w i t h t he obje ct i v e of de v eloping a hig h - s peed e x pre s s c orridor be t w een Bangalore and M y s ore. • N I C E R oad in t er c hange on Kanakapura R oad pro v ides c onnecti v i t y t o m ajor hubs in c luding Ele ct ronic c i t y & Bannergha tt a R oad in t he South and T u m k ur R oad & Kengeri in t he W e s t M e t r o Phase –I & II • Metro Pha s e – I w ill be operational by end of 2014 and is e x pe ct ed t o c onnect up t o Pu tt enhalli on Kanakapura Ro a d and t he e x t en s ion up t o NICE road in t er c han g e e x pe ct ed t o be c om p le t ed by end of 2017 K a n aka pu r a Ro ad W i d e n i n g – 150 w i d e M et r o T r ack a li gn me n t M et r o Stat i on s N I C E Ro ad Infr a s t ruc t ure I niti a ti v es 4
E K a n aka pu r a Ro ad W i d e n i n g - M et r o T r ack a li gn me n t M et r o Stat i on s N I C E Ro ad Kan a kapura R oad 5 y ears f rom now i s e x pected t o eme r ge as t he Q ueens T o w n of S i ngapore. T h i s i s sub j ect t o t i mely completion of a l l t he proposed and p l anned i n f ras t ruc t ure d e ve l opmen t s a l ong t he cor r i dor P u r v a Highlan d s A n j a napur a /NIC j unction P u r v a Highlan d s T a l a ghatapura V a j a r a ha l li Kri s hna Le e la P a rk A n j an a p u ra C ross Pu tt enhal l i Stati o n L o c a tion T r a nsi t ion – 5 Y e a rs f r om n o w 5
E c onom i c Dri v e r s • K anakapu ra Ro a d i s a n e m e r g i n g res i den t ia l m a r k e t l oca t e d t o w a r d s S ou th o f B anga l o r e . De v e l o p m en t ac t i v i t i e s w i tnesse d a l on g t h e co r r i do r a re p r i m a r i ly res i den t ia l – l o ca t io n c a t e r in g to t h e de m an d o f IT/I T e S popu l ac e w o r k i n g in El ec t ron ic c i t y , B anne r g ha t t a Ro a d an d B anshanka ri – connec t i v i t y t o t h e l o ca t io n is co m p l i m en t e d b y th e NICE roa d • A s pe r BB MP popu l a t io n da t a , A n j anapu ra ( K anakapu ra R oa d be i n g a pa rt o f A n j anpu r a ) mi c r o - ma rke t has a n es t i m a t e d popu l a t io n o f 45 , 40 7 peop le an d w e an t ic i pa te it to r a p i d ly inc r e as e in th e ne x t 5 y ea r s . • A l thoug h t h e mi c r o - m a r k e t ha s l i mit e d I T / I T e S de v e l op m en t a l on g t h is co r r i d o r – de m an d is f u e l e d b y i n f ras t ruc t u r e de v e l op m en ts suc h a s M e t r o & NICE R oa d • In add i t i o n t h e l oca t io n is e m e r g i n g a s a p r e f e r re d r e s i den t ia l des t ina t io n a s it is l o ca t e d a w a y f ro m t h e m a in ac t i v i t y zon e – t he r e b y w e ll su i te d f o r r e s i den t ia l de v e l op me n ts G r o w th Dr i v e r s • De v e l op m en ts suc h a s M e t r o P has e – I an d e x t ens i o n in P has e – II fu r the r t o w a r d s t h e NICE junc t io n an d t h e es t ab l ishe d N ICE roa d a re t h e maj o r i n f ras t ruc t u re ac t i v i t i e s d r i v i n g th e mic r o - ma rke t. In add i t i o n t h e f u r the r e x t e ns i o n o f NICE Ro a d to M y so re w i l l p l a y c r u c i a l r o le in f ue l in g r e a l es t a te de m an d • L imi te d r e s i den t ia l ac t i v i t y an d sp i l l o v e r o f de m an d in th e ne i ghbo r in g mi c r o - m a r k e ts suc h a s B anne r g ha t t a r o ad , B anashanka ri an d J P Na ga r a re e x pec t e d to d r i v e t h e ne x t l e v e l o f g r o w th fo r r e s i d en t ia l de m an d in t h e l o ca t ion . • 5 y ea rs f r o m no w , K anakapu ra R oa d is an t ic i pa t e d to e me rg e a s t h e sough t a f te r r e s i den t ia l mic r o - ma rke t in t h e sou th Key Dri v e r s 6