Hoskote emerges as promising residential destination
Hoskote is the new hot spot in Bangalore. Neo Bangalore is all about a planned township, world class connectivity with established industries coming in.
Hoskote, an area in Bangalore which holds great promises and expectations. There are various reason why Hoskote is becoming one of the hot spots.
One of the main reasons why people want to stay in this area is because it is well planned and has good infrastructure.
Recently, the government has inaugurated a BMTC bus depot which was built for Rs 4.70 crore. A new integrated satellite township with proper infrastructure has been put in place. Good road planning has taken a precedent over here.
Bangalore city is welcoming a satellite township that will take on its multitudes. The proposed Satellite Township Ring Road (STRR) covering 284 km will connect Hoskote with important satellite towns around Bangalore. The Intermediate Ring Road (IRR) covering 188 km, also connects Hoskote to the rest of Bangalore.
In last three years, this area has witnessed an increase in the property prices because of the tremendous growth experienced. The year-on-year increase of prices is said to be about 30%.
The Karnataka government is having great plans for the area which includes an exclusively designed Special Economic Zone, SEZ, for electronics hardware and IT at Bagur. The Aero IT SEZ is already under development at Budigere and promises to create employment for almost 98,000 people.
Hoskote is well connected to important parts of Bangalore. It is a quick drive from Bangalore International Airport, Byappanahalli Metro Station and K.R. Puram Railway Station. The BAIL is 30 drive away as Budigere Road connects Hoskote and railway station is just 20 minutes away.
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