Network Ventures a Premium Real Estate major Primarily in to Apartment Aggregation on Monday announced its foray into Land aggregation by launching a dream project of 2000 acres of huge land parcel in the Greater Bangalore / Bangalore International Airport Investment region
The Giant Land Parcel project off Bangalore International Airport at a time when the sector is going through a liquidity crisis. The project, which would be plotted perfectly by its real estate development division to be well Suit for a Huge Residential Township Project, A Multi Super specialty Hospital, Nature view resorts, International Schools, Colleges, Deemed Universities, Religious Institutions, Entertainment clubs and Sports Arenas
Augustine Joseph, Chairman and Managing Director Network Ventures “In our continuous efforts to enhance value for our Developers and Investor Partners, Network Ventures has forayed into real estate land aggregation, We are committed to convert this huge land parcel in to an aspirational living with world-class amenities delivered in an Specific time period frame
Network Ventures is in Talks with Multiple Developers to Aggregate this land Parcel, An Multi Specialty Hospital chain has also shown its interest and sources have confirmed that the discussions are at the Primary Stage
Bangalore is now witnessing a new reformation and it has started in North Bangalore region. This region is the focus of attention ever since the operation of the Kempegowda International Airport in the year 2008. It is the fastest growing region in the city and is becoming the next residential and commercial destination. Proximity to the Airport, Availability of Space, Upcoming Tech Parks, Improved Connectivity and Real Estate Development are the major factors of increasing demand in this region. The prominent locations of North Bangalore are Devanahalli, Hebbal, Doddaballapur Thanisandra, Hennur and Yelahanka. Bangalore, housing more than 900 IT firms, currently employs about 35% of India’s IT professionals and fortunately, this scenario is also soon going to change. Experts have predicted that it is the right time to invest in North Bangalore for gaining maximum returns.
A Multibillion-Dollar Devanahalli Business Park initiated by State Government coming up on nearly 413 acres next to the airport which will include : IT & ITes parks/SEZs, three multi-specialty hospitals, a finance district, an aviation academy and Bengaluru International Convention Centre (BICC)
Speaking to Propheadlines Mr Augustine Joseph said Bangalore has a stable Real Estate market as it has not seen extreme fluctuations and has steady prices. The North Bangalore is considered as the future of Bangalore realty market since it is blessed with the good connectivity, green surroundings, available land for developments and range of properties (from plots to integrated townships) available for all income groups. The key drivers of the residential growth are: — proposed Devanahalli Business Park, Information Technology Investment Region (ITIR) near Devanahalli, Planned Aerospace SEZ near the International Airport, Elevated Expressway (Bellary Road), Bangalore Metro Rail, High-Speed Rail Link and Peripheral Ring Road.
In conclusion, the arrival of the International Airport has flourished North Bangalore in the last decade and this region is bound to develop more in the coming days, thus making it a fantastic investment destination.
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