North Bangalore: The Rising Star of Silicon Valley

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    By Bhavesh Kothari, Founder & CEO, Property First

    Bengaluru, India’s hub of technology and innovation, has earned the nickname ‘Silicon Valley of India’ over time, attracting entrepreneurs and tech giants alike. While the city’s growth has primarily been concentrated in its eastern and southern corridors, North Bengaluru has emerged as the new hub of development. Formerly an underdeveloped area, North Bengaluru is now experiencing a significant boom, driven by a combination of factors that promise a bright future. Tech companies and real estate firms are leading the way, setting up business parks and shifting offices to areas such as Yelahanka, Jakkur, Hebbal, Thanisandra, and Bagalur.

    Several factors have contributed to this shift in North Bengaluru’s landscape. The Kempegowda International Airport in Devanahalli, which has been operational since 2008, has been a catalyst for growth, attracting businesses and infrastructure development. Additionally, the approval of Bengaluru Metro’s Blue Line in 2021 and the availability of cheaper land prices than other regions of the city have further boosted growth. This has resulted in a significant rise in employment prospects and an increase in housing demand, making it a desirable location for enterprises and inhabitants alike.

    The growth of aerospace parks, IT zones, and commercial establishments, along with tech parks like Manyata Tech Park and Ecopolis, have acted as additional growth catalysts. Furthermore, upcoming projects along the airport road are expected to decongest other tech hubs in the city, making movement in and around the region easier. Connectivity is a crucial factor for progress, and initiatives like metro rail and suburban rail corridors are poised to further enhance accessibility.

    Governmental plans are also playing a vital role in shaping the future of North Bengaluru. Projects such as the Knowledge Health Innovation-Research City (KHIR City) and the development of hi-tech, defence, and aerospace parks underscore the state government’s commitment to fostering innovation and investment in this part of Bengaluru. To further improve the area’s economic possibilities, the Bengaluru International Airport Area Planning Authority (BIAAPA) is leading the building of an aerotropolis.

    Despite these promising developments, challenges remain. Last-mile connectivity continues to be a concern, but initiatives like the upcoming metro lines and suburban rail services are expected to address this issue. Infrastructure proposals like the Peripheral Ring Road and Satellite Town Ring Road are also poised to improve connectivity and ease traffic congestion, further enhancing the region’s appeal.

    The rise of North Bengaluru as the newest hotspot of the Silicon Valley is a testament to the city’s adaptability and resilience. The region is well-positioned for rapid expansion thanks to a strong ecosystem of innovation parks, infrastructure development, and governmental assistance. Looking ahead, it’s evident that North Bengaluru will continue to illuminate India’s tech scene and foster prosperity and innovation for years to come

    Also read: Evolution of Jammu and Kashmir Real Estate Post Article 370: 2019 to 2024

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