Budigere set to benefit from road widening initiative
Budigere, located in northern Bangalore, has become an appealing destination for real estate investors as a result of a planned infrastructure project, and average capital values have increased between July and September 2017. Along with good rental income prospects, there is the possibility of good investment returns.
The uproar over the steel flyover connecting Hebbal and Basaveshwara Circle to Kempegowda International Airport (KIA) has compelled state authorities to consider an alternative airport route through prime areas. This will also help to relieve traffic congestion in areas such as Mekhri Circle, Ballari Road, and Hebbal Junction. The 22-kilometer project will connect the KIA Road to Hoskote via Budigere, Devanahalli, and Mylenahalli. The total cost of the project is estimated to be Rs.420 crore, and the single-lane road will be widened to become a four-lane road to improve traffic flow.
Along with reducing traffic congestion, this development is expected to provide a significant boost to the area's real estate markets. Budigere's capital values have already risen to Rs.4,560 per sq. ft. from Rs.4,460 per sq. ft. According to experts, Budigere will become a major housing destination in north Bangalore, and the road widening project will cut travel time between Budigere and the International Airport by nearly half, making it ideal for working professionals, and employment opportunities will increase across Aerotropolis and the Aerospace and IT Parks.
Budigere is also seeing a surge in housing demand as capital values in nearby areas such as Whitefield and Brookefield become more saturated. The region has been proposed an Aerotropolis, complete with Aerospace and IT parks, and these projects will unlock housing dmeand across Budigere, Devanahalli, and Hebbal. These concomitant developments will almost certainly result in the expansion of Budigere's social infrastructure.
prelaunch development project at Budigare.
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