Proper means of transportation plays a vital role in increasing the demand for a particular location under its influence. Recently same was observed with the most awaited completion of Mysore Infrastructure corridor project also popularly termed as NICE road. It is a stretch of 41 kilo meter road connecting two neighboring areas of Tumkur and Hosur. It provided a tremendous escalation at the locality of Kanakapura Road, Magadi Road, Peenya and Mysore road. Earlier it was quite difficult to cross these areas and NICE has made a dream come true for all these regions. Interestingly the area near to all this places has very less impact of the property rise until its completion and now it is climbing the price ladder faster than a speedy panther in Bangalore realty show.
Among these Kanakapura road is above all as it marks the centre position making easy access to Hosur, electronic city, Magadi road along with the Tumkur road at the same instance. A large number of project launch is also been observed after the operation of NICE through this area and many other at the tendering stage to be filled up in near future looking to its high potentiality. The same story is heading for Tumkur region as this area has become on of the most choice of the property buyers with a rise of 600 percent from 2004 till date. The connectivity of NICE here too made this area a hot spot for many new national and international business corporates. On the other hand the Hosur area is much triggered with price as a result of NICE with an increasing rate of 1000 percent as compared to last 2-3 years back. Apart from this it also influenced the realty atmosphere of other near by areas like Banashankari 6th stage, Vishweshawaraya, Anjanapura, and further extensions. With a starter package Bangalore based Purvankara realty came with few developments like Purva Highland off Kanakpura road and few others are on the pipeline for future execution. Top order of the Purvankara teams reveals about their keen interest on these areas and explains about its future turn over after the full fledge completion of the NICE project for better connectivity of the other near by areas of Bangalore.
Source: NIMMA BENGALURU
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