Tumkur road is already booming due to the planned national investment and manufacturing zone (NIMZ) which would be a 5,000 hectare integrated industrial township. The Bangalore-Mumbai corridor crossing through Tumkur Road will be an add on to its growth. The shifting of the Peenya industrial belt to Dobbaspet in west Bangalore is also going to help the western front picking up its industrial activity.
Hi Rakesh In this new interim budget 2014-15 Tumkur is proposed as one of the smart cities on the Chennai -Bangalore industrial corridor and this is set to greatly boost the development in west part of bangalore
Yeah, Bangalore has 2 industrial corridor fro itself as well as development of Mysore as textile cluster that will take the pressure off Bangalore to some extend..
The localities which are going to get impacted by this corridor mainly belong to the western part of the city. West Bangalore is still under development and the corridor will play a major role in its development. Localities that would witness a major impact include Peenya, Jalahalli, Dasarahalli and Tumkur road.
The business corridor would connect major cities in the south such as Bangalore and Chennai with Mumbai. the PRIDe corridor is expected to provide a strong transportation system along with prominent connectivity to industrial locations. It is very early to talk about the corridor’s impact on the Bangalore real estate market. But in the next six months, there may be a rise of 15 to 20 percent in the capital values across the city, say experts.
The dream project, the Peninsular Region Industrial Development Corridor (PRIDe corridor) or the Andhra Pradesh-Chennai-Bangalore-Mumbai corridor, comes close to reality, the industrial potential of Bangalore too will get set for a revival.
After the Union Budget was announced, Bangalore is expecting major developments impacting its real estate market. The recent announcement of the business corridor has brought a cheer to the city realtors.