Land values in residential properties around Bangalore set to rise
To ease population pressure in the capital, the Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) is planning to develop eight clusters around Bangalore. The residential properties present in these areas are expected to record significant price hike.
The residential clusters include Ramanagar-Channapatna, Kanakapura, Nelamangala, Doddaballapur, Anekal, Devanahalli-Vijayapura, Hoskote and Magadi, all of which come under the Bangalore Metropolitan Region Development Authority (BMRDA) limits.
The areas that have been identified already have several upcoming and ongoing projects in and around it. And all of the projects are approved by BMRDA. Once the construction work begins, an increase in land values can be witnessed in these areas. There will be less water issues in these areas which is an advantage.
Under the Rs 2,100 crore project, the government plans to develop all necessary infrastructure like drinking water supply, storm water drains, solid waste management system, underground drainage and mass rapid transit system.
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