Special Report: KHB’s 772-Acre ‘Foxconn City’ to Transform North Bengaluru Real Estate
By Propheadlines News Desk, Bengaluru, April 2026
The Karnataka Housing Board (KHB) has officially set in motion one of the state’s most ambitious residential undertakings: a massive integrated housing project near Devanahalli. Spanning a notified 593 acres with a roadmap to expand to 772 acres, this project is strategically designed to serve as the primary residential anchor for the burgeoning industrial ecosystem led by Foxconn’s “Project Elephant.”
- Strategic Location & Vision
The project is situated within the Kundana Hobli of Devanahalli Taluk, placing it at the epicenter of North Bengaluru’s “Golden Corridor.” The layout covers five key villages:
Vishwanathapura (The largest chunk: ~410 acres)
Vajarahalli
Beerasandra
Shyanappanahalli
Managondanahalli (Notification for the final ~179 acres is currently in process)
The Objective: To prevent the rise of “unauthorized colonies” and haphazard urban sprawl. By providing planned, government-backed housing, KHB aims to offer a structured alternative to the speculative private developments surrounding the Information Technology Investment Region (ITIR).
- The “Project Elephant” Connection
The catalyst for this mega-township is the proximity to Foxconn’s 300-acre iPhone manufacturing campus.
Workforce Housing: Foxconn alone is expected to employ over 50,000 workers. While the company is building internal dormitories for 30,000, the KHB project will cater to the massive spillover demand for permanent housing for mid-to-senior level staff and ancillary service providers.
Proximity to Innovation: The site is a “stone’s throw” from other global giants like Boeing and Shell, as well as several upcoming private university campuses.
- The 50:50 Land-Sharing Model
In a move to minimize legal hurdles and ensure farmer welfare, KHB is utilizing a 50:50 partnership formula rather than traditional cash compensation.
The Deal: Landowners surrender their agricultural land to KHB. In return, they receive 50% of the fully developed land (in the form of residential/commercial plots) back.
Wealth Creation: With local land prices having surged from ₹1,500/sq. ft. to over ₹6,000/sq. ft. since Foxconn’s entry, this model allows original inhabitants to benefit directly from the capital appreciation of developed urban land.
- Project Infrastructure & Layout
As an integrated township, the project is planned to be self-sustaining. Key features include:
Connectivity: Strategic placement along the Satellite Town Ring Road (STRR), ensuring seamless transit to Doddaballapur, Hoskote, and the Kempegowda International Airport.
Smart Utilities: Underground cabling, advanced sewage treatment plants (STP), and a robust 100-foot internal road network.
Diverse Inventory: The board plans a mix of residential plots, 1-3 BHK affordable apartments, and commercial zones including provisions for a star hotel and office complexes.
Real Estate Impact Analysis
| Metric | Pre-Foxconn (2023) | Current Market (2026) |
| Land Price (Avg) | ₹1,500 – ₹2,000 /sq. ft. | ₹6,000 – ₹8,500 /sq. ft. |
| Rental Demand | Low/Rural | High (30% YoY Growth) |
| Inventory Type | Agricultural/Small Plots | Gated Communities/Integrated Townships |
Analyst Note for Propheadlines: The entry of KHB into this high-growth corridor acts as a “price stabilizer.” While private developers are targeting the luxury segment, KHB’s focus on EWS (Economically Weaker Sections) and MIG (Middle Income Groups) ensures that the Devanahalli industrial boom remains inclusive. For investors, the presence of a government-backed township typically guarantees better long-term maintenance and legal clarity, likely leading to steady secondary market appreciation.
Current Status for Buyers
As of April 2026, the preliminary notifications are issued, and the 60-day window for public objections has concluded for the initial phases. Official allotment applications are expected to open via the KHB online portal once the land-sharing documentation for all five villages is finalized.
Interested parties are advised to keep their Domicile Certificates ready, as KHB projects prioritize long-term Karnataka residents.
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