Devanahalli’s proximity to Kempegowda International Airport (BLR) makes it an ideal location for an ITIR. The region benefits from excellent connectivity with the airport, major roads, and upcoming infrastructure projects like the Bangalore Suburban Railway and NH 44 (National Highway). The ease of transportation and accessibility is a major factor driving interest in this area for IT and business parks.
The Devanahalli ITIR will focus on both IT and manufacturing industries, offering a combination of facilities for IT parks, knowledge-based industries, and specialized manufacturing units. The zone will create a global tech hub, attracting domestic and international investments. It will likely have world-class infrastructure, including office spaces, research centers, data parks, and residential areas for workers.
The ITIR Devanahalli will be supported by a range of government incentives aimed at making the region attractive for businesses. These include tax exemptions, subsidies, and infrastructure support. The government has also made provisions for the development of industrial corridors, smart city projects, and dedicated areas for startups and established companies.
With the development of the ITIR, thousands of job opportunities will be created in sectors such as IT, engineering, data analytics, and advanced manufacturing. This will drive the demand for both residential and commercial properties in the region, providing a steady demand for real estate.
The ITIR Devanahalli is expected to dramatically increase the demand for both residential and commercial real estate. As more businesses establish operations in the region, there will be a rise in the need for employee housing, office spaces, and retail establishments. Property prices in Devanahalli are expected to appreciate over the coming years due to the demand generated by the ITIR development.
The ITIR project in Devanahalli is expected to include sustainable development practices and integration with smart city initiatives. The focus will be on creating energy-efficient buildings, green spaces, and high-quality urban living environments. This will not only attract companies and businesses but also create a high standard of living for residents.
The establishment of an ITIR in Devanahalli represents a significant opportunity for investors, businesses, and residents alike. With its strategic location, government support, and massive potential for growth in both the IT and manufacturing sectors, Devanahalli is poised to become a major economic and real estate hub in the coming years. Investing in property here, especially in proximity to the ITIR, offers great potential for long-term appreciation.