I read somewhere that the state government is modifying its earlier plan of building 100 metres of eight-lane PRR road has decided to lay just 75 metres of eight lane road. The rest 25 metres will be developed and used for commercial purposes post commissioning of the PRR.
According to sources, a detailed project report prepared by the BDA has revealed that the proposed 65-kilometre Peripheral Ring Road (PRR) will not connect the NICE Road and ensure a full circle as was thought initially. :-o
This will help on two ways—vehicles in the city, as well as those passing through the city. There are many builders already acquiring land and promoting housing projects along this stretch. More housing projects on outskirts will hopefully help decongest the city to some level
As per property consultants, in the last few years real estate in core cities will become costly than ever. In addition to it, land for sprawling developments will not be easy to come by. Such big developments will only be possible in areas which are inaccessible now due to poor connectivity. For all the entrepreneurs, end-users and investors, the PRR is a project worth of their time.
The PRR project is likely to provide more land parcels, both for residential and commercial development. A wide road linking it to core city belts is what is required for a locality to turn itself into a major residential and commercial belt in the city.
I second Amarnath. The PRR project is likely to shore up a number of extensions in the city, such as Hoskote belt, Devanahalli belt and the Hennur road. Functioning of the project will give a significant boost to such belts and improve connectivity several notches up.
With the revival of the Peripheral Ring Road project, infrastructure growth in the city is expected to rise above the edge. With the completion of the project, Bangalore is expected to be brimmed with more commercial belts and development, in the years to come. In addition to it, the project will also lead to more land parcels for residential and commercial use.
The BDA intends to give the infrastructure development of the city a major face-lift by the end of February. Functioning of the road will help heavy vehicles like trucks, passing through the city to use it instead of the outer fringes. In addition to it, those shifting from suburbs to another one can use this road instead of ORR to avoid traffic.
Yeah I agree that the peripheral ring road have faced endless delays because of litigations and fund crunch but now the project is ready to take off with the help of foreign funding. I read in some news paper that the Japan International Cooperation Agency has come forward to assist the PRR project with a loan of Rs. 3,800 crore.
But what about the rest of the amount. As far as I know the total cost of the project was Rs 5,800. How they are going to manage the rest of the amount?
The cost of the PRR project is Rs. 5,800 crore of which the BDA has already incurred an expense of Rs. 2,000 crore towards compensation to land losers.
Once the project gets underway, it will roughly take 36-40 months to get completed. However, the project has made a number of farmers unhappy, due to low compensation schemes for their lands. Farmers involved in land acquisition for PRR project are left no choice other than going for the 60:40 ratio, cash or TDR. As per market reports, uncertainty about the future of the sites has led a number of farmers to sell properties at low rates.
Farmers are worried that the PRR project may become problematic as the Bangalore Mysore Infrastructure Corridor. These farmers are that has kept about 1,800 acres of farm land in 65 villages around Devanahalli, Tumkur Road and Hosur Road frozen from cultivation
Finally the government has decided to take up the long-awaited 65-km Peripheral Ring Road (PRR) on the outskirts of Bangalore. The project was conceived eight years ago.
Hey Everyone!!!! Good to see finally something positive happening in Bangalore civic infrastructural development.The peripheral ring road project could have been completed and functional by now if it was not lost in various issues of land clearance and compensation issues. The PRR has been given the approval to be built from Tumkur Road to Sarjapur Road. I expect good price hike in all adjoining townships. The benefit of such a peripheral road project is not just limited to the areas along its stretch. The run time from these areas to Whitefield, Electronic city and Koramangla will be well reduced to less than half an hour. Traffic bottlenecks are the biggest real estate negative and I expect PRR to open up good avenues for builders and resellers alike. Cheers :) :)
Peripheral ring road has proved to be a boom time for township or gated community project. The number of property buyers investing in this segment has reported a significant growth resulting in marked increase in price.
The land acquisition for the project is in progress, adding that the project would be taken up jointly with Japan International Cooperation Agency (JAICA).
The 65 km peripheral ring road project has finally been approved by the state government after an eight year delay. There has been a slight modification in the peripheral ring road project including a reduced road width from 100 meters to 75 meters. The finalized peripheral ring road project or PRR will now begin from Tumkur Road and joins Hosur Road crossing over Doddaballapur road, Bellary Road, Old Madras Road and culminating at Sarjapur Road.PRR is expected to ease traffic congestion and it is a positive development for real estate markets along the stretch overall. Hosur Road, Bellary road and old Madras road are all likely to witness positive effects of the PRR project.
To make it simpler major connecting area would be Hosur road to Tumkur road via KR Puram, Bellary Road, Old Madras Road and Sarjapur Road. The PRR is expected to ease the traffic chaos on the ORR.