IVC Road in North Bangalore is rapidly emerging as a prime real estate corridor, driven by strategic infrastructure developments, industrial investments, and increasing residential demand. The area is poised for significant growth, making it an attractive destination for investors and homebuyers alike.
Infrastructure Developments
The ongoing and planned infrastructure projects are set to enhance connectivity and accessibility in the region:
- Peripheral Ring Road (PRR) and Satellite Town Ring Road (STRR): These major road projects will connect IVC Road to key parts of the city and surrounding towns, improving traffic flow and reducing commute times.
- Bengaluru–Chennai Expressway: This expressway will facilitate faster movement of goods and people between Bengaluru and Chennai, bringing more economic activity to North Bangalore.
- Namma Metro Expansion: The extension of the metro line from KR Puram to Kempegowda International Airport, with nearby stations proposed around the IVC Road corridor, will offer a convenient and reliable public transport option in the coming years.
Industrial and Economic Growth
The region around IVC Road is becoming a hub for industrial and economic development:
- Aerospace SEZs and Tech Parks: With the government promoting aerospace and IT zones near the airport, this area is seeing rising employment opportunities and demand for residential properties.
- Foxconn’s iPhone Manufacturing Facility: The large-scale investment by Foxconn in Devanahalli, which includes a state-of-the-art iPhone production unit, is expected to generate thousands of jobs and create a ripple effect on local infrastructure and housing.
Real Estate Trends
- Residential Developments: IVC Road is witnessing a sharp rise in plotted layouts, villas, and mid-segment apartments from major developers. The area is particularly popular among professionals and NRIs looking for long-term returns.
- Property Value Appreciation: Land and housing prices have appreciated steadily over the past few years, with developers and real estate analysts projecting continued growth driven by demand and limited supply of large land parcels.
Conclusion
With its strategic location near the airport, robust infrastructure pipeline, and emerging industrial presence, IVC Road is poised to become one of the fastest-growing real estate micro-markets in Bangalore. Whether for living or investment, properties in this corridor—such as Prestige Crystal Lawns—offer strong future potential and a high quality of life.