Luxury projects coming up around Arkavathy in Bangalore
The 2,750 acres of land in Bangalore North was acquired by Bangalore Development Authority to form Arkavathy Layout about nine years ago.
Despite the fact that allotment of the site is yet to be completed, high-end villas, villaments and row houses have come up all around Arkavathy.
The private developers have been showing interest to develop residential projects in the vicinity and land prices have shot up from Rs 50 lakh in 2003-04 to the going rate of Rs 4 crore an acre in the area.
Builder Girish Puravankara’s ‘LGCL Beautiful World’ is coming up at Byrathy in the vicinity of Arkavathy layout.
Sobha Developers have three prime projects in the area: Sobha City, a new township; Sobha Petunia, a luxury housing complex of 156 houses and Sobha Chrysanthemum.
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