Back in 2001 I visited a farmhouse of on the outskirts of Bangalore in a god-forsake place called Yelahanka. The ORR was new laid out and devoid of traffic and any construction on either side of the road. Rewind forward to 2010 and a completely new Bangalore has taken shape. Already land prices in Devanhalli have reached meteoric proportions and Yelahanka has zoomed along with it.
The real estate hype masters tout Infosys and Wipro everywhere they want land prices to jump. Infosys is touted in Hyderabad, Chennai, Pune, Mohali, Sarjapur road (bangalore) and now Devanhalli. I guess we will see an Infy campus before 2020 however by then Infosys would be 500k strong so the 12000 people would make no sense :)
Another point of note which the author failed to notice is that Infosys is proposing to spend 710 crores to house 12,000 people however Wipro will spend 477 crores for 15,000 people. It looks as if Infosys comes out to be dumber then Wipro specially when it comes to calculating ratios, or it appears that the writer is a complete moron, and this time from Indian Express.
>> Indian Express reports
Where the six-lane highway from Bangalore city to the international airport in Devanahalli branches off to the left into Doddaballapur Road, a hoarding proclaims: “Yelahanka is the new Gurgaon”.
Put up by a residential builder, it is a defining marker in the growth curve of Yelahanka, a suburb 15 km north of the city that was envisaged as a satellite town but is now under the Bruhat Bengaluru Mahanagara Palike (BBMP). Proximity to the new airport — 20 km away — has given wings to aspirations in the once sleepy town that has seen a property boom in the last five-six years.
With the Karnataka Assembly passing a Bill last Thursday to set up a 10,000-acre Information Technology Investment Region (ITIR) north of Devanahalli, analysts say real estate in Yelahanka is all set to rain returns in a few years.
V Madhu, Principal Secretary, Infrastructure Development Department of Karnataka, says the entire Hebbal-Yelahanka-Devanahalli stretch will see “substantial development” in the coming years, fuelled by a mega project around the airport encompassing an aerospace park, a financial district and the IT park, where, among others, Infosys has proposed to invest Rs 710 crore in a 12,000-seat software development centre and Wipro is set to develop a Rs 477-crore centre employing 15,000.
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