Rs 1,000 Crore Q-City Project: Is It A Big Game Changer For Hesaraghatta Real Estate?
The Quantum City Project was introduced in Bangalore in Hesaraghatta. It will change the real estate market of the area. It will trigger a boom that will make Bangalore as a leader in global quantum innovation by 2030. It will help to achieve the 20 billion dollar target of the targeted quantum economy.
The government of Karnataka has alloted 6.17 acres of land in Hesaraghatta. It is just 25 km to the north west of central Bangalore near the Kempegowda Airport. It is backed by a Rs 1,000 crore investment under the new Quantum Mission.
The project will feature the following,
- Hardware parks
- Incubation centres for start ups
- Research labs
- HPC data centres
This project will position the city to become the new Quantum Capital of Asia.
- 1,000 crore Q City project planned near Bangalore Airport
- Could transform north zone of the airport into a hotspot for investment
- Social framework will be improved with many schools, colleges, malls, and IT hubs nearby
- Industry experts seek it to be a long term game changer
- Expected to include a lot of commercial and housing spaces
After the coming of Quantum City, the real estate map is going to change greatly in the nearby areas. Now, ever since the launch of the project, there has been a notable uptick in land buying. Plots are selling at Rs 4,000 per sq ft. The rate of flats are sold for Rs 8,000 per sq ft now. The prices will increase steadily in the future. Real estate experts predict a 5% annual increase in land values due to growth in Quantum City related projects.
Big real estate names, including Prestige Group, are looking at the area to launch new projects for its nearness to the airport. As there will be a demand for new properties builders will offer lucrative price options for long term investors. Services such as schools, malls, and IT hubs will also come up nearby. It would enhance the quality of life in the area.
The area's excellent access to Bangalore through its arterial roads makes it an attractive spot for buyers who are seeking better growth.
Hesaraghatta, known for the agricultural belt, is now on the radar of investors due to:
- Affordable land prices when it is compared to other areas of the city
- Upcoming projects are planned for better road and metro access
- Rising demand for plots among the middle income buyers
- Investors: Early buyers who are targeting plots can get robust returns as the project is attracting a lot of world class talent and enterprises.
- Developers: Industry leaders predicting that Quantum City will park new hubs for real estate.
- Government Vision: Karnataka’s commitment is seen in its goal of a 20 billion dollar quantum economy. It signifies the long term options for property owners and buyers.
Bangalore’s Quantum City Project is creating a miniature version of the thriving quantum centric urban space. For investors and buyers, an early move into Hesaraghatta real estate will give long term rewards. The area will soon become one of Bangalore’s hotspots in the coming years, and it is the best time to invest in it now.
Prestige Group pre launch new project is Prestige Evergreen
Prestige Evergreen Blog
| Enquiry |