North Bangalore

North Bangalore: Key Growth Drivers

The following are the factors influencing investments, capital appreciation, Commercial, retail and residential development in North Bangalore

  • Growth in the IT Industry and a rapidly increasing number of High Net-Worth Individuals and movement of expatriates.
  • Proximity to the International Airport
  • High-speed rail line to connect Bangalore’s city center with Kempegowda International Airport(BIA) at Devanahalli. The rail line will run along the National Highway 7 and cover a distance of 33 km from MG Road up to KIA.The project will cost Rs.67 billion (US$920 million).
  • The proposed infrastructure by the Government (Peripheral Ring Road, Metro Rail, Signal Free ORR, High Speed Rail Link, Mono Rail, Elevated Expressway).
  • The proposed SEZ and IT parks in North Bangalore. (ITIR in Devanhalli, KIADB & Aerospace SEZ, Devanhalli Business Park, Airport city)


Project that spreads across 4000 Acers, consist of Financial City, IT- BT Park, Hardware Park, Aerospace Park and Aerospace SEZ.

1. Finacial City / Global Financial District: IFCI

(Industrial Finance Corporation of India) Financial City: IIDL (IFCI Infrastructure Development Ltd) brings India’s first financial city to Bengaluru. IFCI Financial City is spread over 150 acres is expected to be ready in the next 18 months, will house corporate arms of all leading banks in India, insurance companies and financial companies that deal with needs of industries.

  • An investment of about Rs. 1,000 crore planned
  • 45 banks have shown interest to have their offices in the hub
  • The project consist of township for the employees of the institutions in the district
  • Industrial Finance Corporation of India will set up the hub in association with the banks that show interest in investing on the project
2. Aerospace Park:

Total land acquired 725.05 acres (number of units 49), Major units are: Dynamic Technologies 27.65 acres, Tyco Electronics Corp India 20 acres, MSME Development Institute (CA Site) 10 acres, Jupiter Aviation Services 75 acres, Amada (India) 8 acres and Starragheckert Machine Tools 8 acres.

3. Aerospace SEZ:

Total land acquired 252 acres, (number of units 8), Major units are: Wipro Limited 7.20 acres, BEML 25 acres, TATA Power Company 4 acres, Cast Craft 3 acres, Zenith Precision 1 acres and Thyssenkrupp Aerospace India 2 acres.

4. Hardware Park:

Total land acquired 849 acres, allotted area 567 acres (number of units 48), Major units are: Ascendas (India) 100 acres, Shell India Market 40 acres and IFCI Infrastructure Development 50 acres.

5. IT-BT Park:

Total land acquired 1,155.94 acres, Major units are: Reliance Jio 25 acres, Tech-Mahindra 15 acres, First Face Information 10 acres, Just Dial 15 acres and Tata Consulting Engineers 5 acres..

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