The Peripheral Ring Road will augment connectivity around the city and open up more land parcels for development
To cater to the increasing vehicular population on the Outer Ring Road (ORR) and provide a link to emerging localities in the peripheral areas, the ambitious Peripheral Ring Road (PRR) project was conceived. Since it connects four major highways - Hosur Road, Tumkur Road, Old Madras Road, and Mysore Road - it will help reduce congestion by diverting heavy traffic away from the city's roads.
PRESENT STATUS
The 116-km radial eightlane road's first phase - from Tumkur Road (NH-4) in the north to Hosur Road (NH-7) in the south, connecting Hesarghatta Road (SH-39), Doddaballapur Road (SH-9), Bellary Road (NH-7), Hennur Road (SH-74A), Old Madras Road (NH-4), Whitefield Road, and Sarjapur Road is in the Request for Qualification (RFQ) stage. Once the bidders are shortlisted and finalised, the work order will be issued.
An official in the BDA says, "We are facing some problems with land acquisition. Once that is sorted out, the process of finalising tenders will begin." Totally, 3,530 acres of land will be acquired for the PRR. It will be a public-private partnership (PPP) project. The first phase will be completed in three to four years at an estimated cost of Rs 3,000 crores.
Approximately, around 1,835 acres will be acquired for Phase-I from 66 villages in Bangalore north, east, and Anekal. In the north, acquisition for Phase-1 will cover five hoblis or a cluster of villages - Dasanapura, Yeshwathpur, Yelahanka, Hessaraghatta, and Jala. In the east, land from 32 villages from K R Puram, Bidarahalli, and Varthur hoblis will be acquired. Land in nine villages will be acquired from Sarjapura and Attibele hoblis in Anekal taluk.
Source: Deccan Herald May 26, 2011
SPOTLIGHT ON LOCALITIES
Hennur Road, Mysore Road and Hosur Road are three key roads when it comes to connectivity. The localities that are in the vicinity of these roads are seeing a lot of growth.Ruth Dsouza Prabhu offers an insight into the infrastructure facilities, land rates and growth prospects of these focus areas.
One often wonders if Bangalore has run out of space, and the City has reached a saturation point. However, that’s far from the truth. You only have to look at the prime locations in Bangalore that are seeing a great amount of growth. Take for instance, Hennur Road, Hosur Road and Mysore Road, and the localities in and around these key roads that are experiencing growth.
Hennur Road – Brings the airport closer
In terms of expanse, Hennur Road begins right at the Lingarajpuram entrance and stretches all the way to Bagalur Cross. It encompasses the areas surrounding Outer Ring Road.
Also, the Marathahalli flyover that leads to Hebbal bisects Hennur Road and all areas here that fall within the five-km radius such as Kalyan nagar, Banaswadi, all of which form a part of Hennur Road.
Talking about the locality, Bijay Aggarwal, Chairman and Managing Director, Salarpuria Sattva Group explains, “This stretch was once believed to be solely for lower and mid-level home buyers. But today, the change is such that even high-end builders would love to see their brand here. The USP of the area is its peace and tranquility. The area constituted largely of grape gardens and orchards before residential settlements began here. Though few in number, the green pockets are still substantial enough to give this area a unique look.”
Source: Siliconindia December 14, 2014
Bangalore : Over the years, IT Hub of India – Bangalore has been attracting the real estate investors as it is promising good returns. Traditional sentiments in the city, infrastructure development and increased purchasing power have contributed Bangalore city to experience a good boost in real estate investment. The prime localities like Central Business District in Bangalore continue to see large construction on commercial and residential front. If you are planning to invest in Bangalore there are a few best places which promises healthy returns and capital appreciation at affordable cost.
Due to the establishment of IT companies there is a rise in rate of migrating population, to provide accommodation to the professionals Bangalore city is expanding beyond the borders. The places which are called as peripheral localities are emerging as a residential hotspots of Bangalore.
One of the best places for investing in Bangalore is Anekal; the town which is positioned in the southern part of the city, around 35 kms away from the heart of Bangalore is one of the ideal localities for property investment. Proximity to central business district made this locality as a best place to invest in the realty sector. Anekal has two main stretches one is Chandapura circle to Anekal and other Bannerghatta road to Anekal. Many residential developments are started along these stretches and it is anticipated to be as a next IT Hotspot in Bangalore.
Source: The Economic Times March 9, 2015
MUMBAI: Maharashtra government would be developing a new city - 'NAINA' - over an area of 600 sq km around the upcoming Navi Mumbai International Airport, Governor Ch Vidyasagar Rao said here today.
He was addressing the joint session of the Maharashtra Legislature on the opening day of the budget session.
"The government is committed to expedite the work of the Navi Mumbai International Airport Project. Due to comprehensive rehabilitation policy of the government, consent letters from Project Affected Persons for land acquisitions have been received by CIDCO (the implementing agency).
"Majority of the clearances required for the project have been received. The government has decided to build a new city called NAINA in an area of 600 sq km, around the upcoming Navi Mumbai International Airport," he said..
Source: magicbricks.com December 18, 2013
Mumbai: Make any mention of upcoming nodes in Navi Mumbai, invariably the Ulwe - Panvel belt gets highlighted as future destinations because of the hype generated around the proposed Navi Mumbai International Airport in the vicinity.
More often than not, prospective buyers miss out on Taloja - Panchanand, a location just behind Kharghar. It has not come to the notice of many and hence, the prices are still below the other highlighted nodes of Navi Mumbai.
Infact, a good number of buyers thronging Navi Mumbai for their property requirements are not even aware of the existence of this node as a good low cost investment /end use option.
I am elaborating below the reason why I recommend it as a good buy both from end use as well as investment perspective for future appreciation.
Taloja - Panchanand is broadly divided into two phases - Phase I and Phase II, divided by Taloja River bisecting the node.
Source: The Times of navi mumbai June 12, 2010
Said a senior Cidco official, ""Kharghar is distinguished for being the educational hub, while Taloja is the largest industrial stretch in Navi Mumbai. From Kharghar, people have to travel all the way to Taloja, covering a distance of 10 km via Kopri village and the Taloja bypass.
Since heavy duty vehicles, containers and trailers dominate all the time, the road is uneven and very difficult to negotiate for lighter vehicles. So we are planning to construct a wide road from sector 16 of Kharghar to Taloja without touching the existing 8 km road via the Kopri bypass.
Cidco is toying with the idea of developing a mass housing scheme at Taloja and its preliminary works have already started. Before launching the housing scheme, Cidco wanted to provide connectivity to Taloja so as to attract property buyers. Cidco, which successfully launched the Vastu Vihar and Celebration Housing projects at Kharghar, has shifted its focus to Taloja for developing affordable mass housing schemes.
However, the Cidco administration is well aware that the task cannot be completed unless proper road connectivity and transportation is provided in Taloja. If Taloja is directly connected with Kharghar by road; the industrial town will attract buyers, who cannot afford costly housing at Kharghar. With the new road, the travelling distance between Kharghar and Taloja will be reduced to 4 km.”
Source: MCHIThane January 22, 2015
As central Mumbai localities are out of reach for several property seekers, the upcoming suburban areas are the saviors. One such location is Taloja in Navi Mumbai, which offers properties at a lower price along with sound social infrastructure and connectivity.Taloja has gained prominence among property seekers due to its strategic location, connectivity and affordability.
Location
Taloja is located in close vicinity to Kharghar which is the Central Business District (CBD) of Navi Mumbai.In addition, the upcoming International Airport at Panvel will be located at a distance of about 15 kms from the locality.
The construction of the Navi Mumbai Metro, phase-1 is ongoing currently, giving hope to the residents of the area. This will connect the 11 km stretch between Belapur to Pendhar which will further meet Taloja. Once functional, the phase-2 will connect the MIDC and Taloja to Khandeshwar, an extension to the proposed airport. Taloja is also in close proximity to NH-4 and the Old Mumbai-Pune Highway, ensuring convenient travel to parts of Mumbai, Thane and Pune. All those looking to invest here may look forward to increase in real estate values because of the upcoming infrastructure development.
Source: The Hindu January 31, 2016
With the aim of reducing traffic congestion, the State government is pushing for Satellite Town Ring Road (STRR) and completion of the Peripheral Ring Road (PRR), H.C. Mahadevappa, Minister for Public Works, said on Saturday.
After launching development works amounting to around Rs. 258 crore to be taken up in 18 Assembly constituencies, he said that the detailed project report for the 364-km STRR is ready. The 30-km section connecting Magadi and Bengaluru is being developed by KSHIP while the 60-km stretch between Hoskote and Hosur is being developed by NHAI.
Source: Bangalore Mirror January 11, 2016
BDA finally moves to build the PRR
Delay in acquiring land and cost escalations forced the BDA to postpone it
Unable to raise funds by itself to construct the peripheral ring road (PRR) project connecting major highways around the city from Tumkur Road to Hosur Road to provide easier access to the inner areas of the city, the Bangalore Development Authority (BDA) has finally called for international competitive bidding to ensure that the project sees the light of day. This marks the resurrection of the dream project which was proposed in 2005.
It would cost Rs 11,950 crore including land acquisition to build the project in three years.
The eight-lane road extending over a stretch of 65 km starts from Tumkur Road and ends at Hosur Road, but between the two the PRR gets connected with other prominent highways like Bellary Road, Old Madras Road and Sarjapur Road.
The idea is to decongest the outer ring road (ORR) as Bengaluru's explosive growth has reached beyond the ORR which is seeing increasing volume of traffic on this road. The PRR would bring relief by providing the much-needed easy access to the city's inner areas from different points on the city's periphery even as it achieves its prime objective of offering smoother movement around the city by decongesting the ORR.
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