Bangalore : Better connectivity is propelling realty growth due to Satellite Town Ring Road

user Arunima Nair

  • 20th Mar 2019
  • 420
  • 0
Bangalore :  Better connectivity is propelling realty growth due to Satellite Town Ring Road


Did you hear about the fresh lease of life received by the STRR by the government?

Are you ready to make an investment in Bangalore and are inquisitive to know whats new  there?

Does the improvement of infrastructure and economy of bangalore have anything to do with the new Satellite town ring road ?

Well yes,

It does a huge impact on a several of the following aspects mentioned below.

The six-lane Satellite Town Ring Road  (STRR) project, also known as National Highway 948a, aimed to decongest the traffic-prone areas of Bangalore is finally going to take shape. The 204 km long and 90 m wide stretch will be constructed in three phases on the lines of the Sardar Vallabhai Patel Ring Road in Ahmedabad and will run through 12 neighbouring cities encircling Bangalore. The (STRR) around Bangalore has finally received a fresh lease of life from the central Government under the Bharatmala Pariyojana and is ready to become a reality. The 204 km-long expressway will not only improve the inter-city connectivity  but would also decongest Bangalore with the development of new satellite towns alongside.

The cities include Hoskote, Devanahalli, Sulibele, Doddaballapur, Sarjapur, Kanakpura, Attibele, Tttekere, Dobbespet, Magadi Ramanagara and Anekal.

The STRR Planning Authority , with its jurisdiction over 331 villages, has already started working on the master plan of the high speed corridor. The project will be developed under the hybrid annuity model at an estimated cost of Rs 5500 crore excluding land costs. The model will have National Highways Authority of India funding 60 percent of the project cost along with the State governments of Karnataka and Tamil Nadu pooling the remaining corpus.

The bangalore Metropolitan Region Development authority has also planned Individual Town Ring roads. (ITRR) OF 163 km. Overall, (BMRDA) intends to undertake 367 km road development around Bangalore to augment connectivity and give a fillip to the real estate prospects.


A quick peek into the beginning of the idea of this project

The project was first announced in 2006, however, did not show any further development because of the delay of approvals from multiple authorities, and also the lack of funds for land acquisition with the State government.


Nevertheless…

 The Union Surface Transport Minister has provided it with the much-needed impetus by incorporating it under its new umbrella program , Bharatmala Pariyojana. As a part of the project, new economic corridors will be developed along with STRR.


First phase

In the first phase the development will start from Obalapura Village at Nelamangala Taluk in the outskirts of bangalore to state highway near kailancha village in Ramanagara District. A Lot of 82 km stretch will be developed in I in three years.


Improvement in the connectivity

The development will ensure hassle-free intercity connectivity preventing the vehicles from entering the busy routes of Bangalore. For instance , people travelling from Ramanagara to Hosote can directly reach their destination via STRR sans entering Bangalore . Besides, the development will also reduce the travelling time between Hoskote and Dobbaspet from 2.5 hours t 1.5 hours. Once the project is commissioned, travellers can bypass Bangalore and other satellite towns to head towards Dobbaspet and vice-versa directly.


Besides..

Smooth inter-city connectivity, the circular development will significantly improve intra city connectivity too. For instance the stretch would reduce the travelling time from the prominent IT hubs of Kempegowda International Airport by 4-5 km.

Real estate transformations.


Satellite towns

a plan to develop satellite towns in its vicinity and linking them with STRR will go along way in triggering real estate growth was initiated with Bangalore nearing saturation in terms of development satellite land parcels.

The government envisions replicating the benefits of Bangalore.

Such as sound infrastructure, educational opportunities, employment options and residential opportunities in the adjoining towns to ease the burden on the former.

The future benefits derived from the project are expected to be in line with the satellite cities of Noida, Gurgaon, Ghaziabad and Faridabad which have emerged as the noted commercial and residential hubs near Delhi and are home to millions of migrants.

Above all Banglore has been seeing a huge demand rate, there is also a vision that it will further rise with the satellite ring road coming into the picture.

For further information regarding the properties available that will be affected due to this huge project checkout : Bangalore Real estate


Disclaimer : The views expressed above are for informational purposes only. We do not guarantee the accuracy and completeness of the information and shall not be held responsible for any action taken based on the published information.



Written by

Arunima Nair
Read more


Add a comment

hs4jv

Read Next

Actor Tamannaah Bhatia buys flat at Rs 80,778 per sqft, breaks record
Real Estate News | Mumbai » Andheri West » Versova

Actor Tamannaah Bhatia buys flat at Rs 80,778 per sqft, breaks record

  • Admin
  • 25th Jun 2019
BKC plot bags a SUMO price; Japan’s Sumitomo offers a jaw dropping INR 2,238 Cr for 3 acres
Real Estate News | Mumbai » Bandra East » Bandra Kurla Complex

BKC plot bags a SUMO price; Japan’s Sumitomo offers a jaw dropping INR 2,238 Cr for 3 acres

  • Admin
  • 25th Jun 2019

Welcome to 99sqft Blog,
Where Words Matter.

Discover the trends and reports that shape the dynamic Indian real estate industry.