"The Satellite Town Ring Road"

In Bangalore, is good connectivity driving really grow through Satellite Town Ring Road?

Are you prepared to invest (Real Estate) in the most happening place in our own Bengaluru? Are you interested to know what’s new?

As you know The Satellite Town Ring Road improves our economy and infrastructure, According to the latest survey, it does a major impact on several aspects mentioned below
 
A quick insight about the idea at beginning of this project: The Satellite Town Ring Road was announced in 2006 but nevertheless it dint show any further developments due to delay of approval from many authorities and lack of funds for acquiring land was also one of the reasons for the delay. 
 
(NHAI) National Highway Authority Of India has taken up civil work of The Satellite Town Ring Road to improve many other road connectivities. 
Karnataka State Government under a new umbrella program the Bharatmala Pariyojana has declared The Satellite Town Ring Road on 24/06/2016. The total length of The Satellite Town Ring Road is 204km and 90m wide consisting of 331 villages with a planning area of 1019.52 sq km. 
Satellite Town Ring Road connects many important towns around Bengaluru are Dabbaspete(Tumkur Road), Doddaballapur (Hindupur Road), Devanahalli (Hyderabad Road), Hoskote (Kolar Road), Sulibele, Sarjapura, Attibele, Anekal, Tattekere, Kanakpura, Ramnagara, and Magadi virtually connecting The National Highway and State Highway Corridors. 
 
The Karnataka State Planning Authority has a planned structure under the BMRDA to help in connecting Bengaluru city from its Region. The Satellite Town Ring Road project completion to be scheduled by March 2022 (Planned). The first phase of work began on the Dabbaspete - Doddaballaura, the second phase of work will commence from Doddaballaura to Hoskote. 
 
The Satellite Town Ring Road project helps in easing traffic clogging on arterial and peripheral roads of Bengaluru. It separates Urban and Regional traffic in Bengaluru Metropolitan area region. The project cost of the 1st phase approximately estimated at Rs.1350 crore. It includes a 2.5 km long flyover in
Doddaballapur, Dabbaspete, Devanahalli, and Hoskote. The total project cost is estimated at Rs.5,500 crore. In recent times Bengaluru appears as the epic centre of the nation by creating more employment opportunities for the people of Bengaluru by making a major contribution to the GDP growth of India. In recent times National Highway Authority Of India (NHAI) decides to expand The Satellite Town Ring Road via the green zone of Bannerghatta National Park. 
 
How this is going to impact/advantage real estate? 
The Satellite Ring Road projects give rise to many job opportunities in various industries as follows:
1. IT
2. Automation
3. Testing
4. Chemical  
5. Pharmaceutical 
6. MNC
7. Electrical
8. Online Marketing
9. BPO
10. Food
11. Manufacturing
12. Electronic and Mechanical Companies etc. 
The major developments in the employment sector lead to growth in the economy. With higher economic growth and a rise in income, people will spend
much on houses; this, in turn, will lead to an increase in demand and price of real estate. 
 
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. Avenue Nest does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.