Bangalore Real Estate is booming again in 2012. Thanks to the ever growing demand for property in Bangalore. In addition to Metro Railway and rapid transport plans of Karnataka Government is under completion. All these developments take the investors’ confidence on Real Estate business. Sai Realators is one of the few companies who are focused on low priced products to meet the expectations of buyers.The Bangalore Metropolitan Regional Development Authority (BMRDA) has plans to take up the development of two Intermediate Ring Roads (irrs). This is going by the statement given by Chief Minister D V Sadananda Gowda to the legislative assembly recently.
Though these projects were planned in 2006, the BMRDA had trouble initiating the development works, as the compensation to be given to farmers involved a huge sum. The government now plans to take it up on a public-private partnership basis and take the development works forward to ease the traffic congestion around the city. Satellite Township Ring Road (STRR) The BMRDA already has plans to develop a STRR that will connect all the proposed townships. According to sources in BMRDA, this will have to take off from Bidadi and the status quo remains on this project.
The government had revoked the freeze imposed in 2006 on land owners of Sathanur, Ramanagaram, Solur and Nandagudi, enabling them to go ahead with development and construction activities. Now with plans afoot to strengthen the Outer Ring Road (ORR), and initiate land acquisitions for the irrs, the residential catchments in the area of the proposed route will definitely get a boost.