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North Bangalore is getting another Facelift
Yes, I'm talking about KHIR City.
Knowledge, Healthcare, Innovation, and Research (KHIR) City in the vibrant landscape of North Bangalore has been a hot topic since its announcement and ideation session last November 2023. This will be an additional feather to the cap of India's Silicon Valley and will create a lot of opportunities.
This ambitious and innovation driven endeavour is poised to redefine the region's identity as a global hub of discovery and progress.
KHIR City - An Overview
KHIR City's exact location is yet to be finalized, but it's expected to be within a radius of 40-60 km from CBD and strategically situated near the Kempegowda International Airport. Thus most experts suggest the location would be near Devanahalli or Doddaballapur, though official confirmation is awaited.
KHIR City will be spread over 2,000 acres, the innovative city will be developed in multiple phases.
Under the first phase, 1000 acres will be developed first and the rest will be gradually developed by 200-300 acres. The government aims to attract Rs 40,000 crore in investment in the areas of healthcare, innovation and knowledge sectors and thus aims to create 80,000 jobs in the proposed KHIR City.
Shri M B Patil, the Hon. minister for large and medium industries and infrastructure development had stated that KHIR City will focus on research and development rather than manufacturing.
KHIR City: Investment Opportunities
Central to KHIR City's success is its partnership with the private sector. With the government providing land equity, private players will drive investments and spearhead development initiatives.
Drawing inspiration from global best practices, KHIR City aims to emulate the success stories of similar projects worldwide, leveraging insights and expertise to fuel its own journey. As mentioned above Rs 40,000 crs will be focused on developing institutions that are based on Knowledge, Healthcare, Innovation, and Research.
As the blueprint for KHIR City takes shape, stakeholders envision a dynamic ecosystem that fosters collaboration and innovation. Making North Bangalore's growth surge.
With a focus on connectivity and accessibility, the upcoming city will boast excellent transportation links, ensuring seamless integration with Bengaluru's bustling city centre.
Moreover, the strategic allocation of land for educational institutes, healthcare facilities, R&D centres, and residential and commercial spaces underscores KHIR City's commitment to holistic development.
The location is carefully selected as around 60% of India's major biotech companies and 350 medical device manufacturers are located in Karnataka state. Thus boosting the capabilities of Healthcare sector as a whole.
A significant portion of the allotted land will be dedicated to green cover, preserving the region's natural beauty and promoting environmental stewardship. Through careful planning and implementation, KHIR City seeks to strike a harmonious balance between development and ecological conservation.
Empowering Growth of KHIR City
To catalyze investment and spur growth, KHIR City proposes a slew of incentive measures, including the establishment of a Special Purpose Vehicle (SPV) to facilitate coordination between the government and the master developer.
Real Estate Potential of North Bangalore
The future of KHIR City gleams with promise and potential. With unwavering determination and a spirit of collaboration, this transformative project is set to redefine North Bangalore's landscape and propel the real estate segment to new heights. However as the transport capabilities of the city upgrade itself into the proposed Metro Connectivity, STRR and Underground Road Networks, North Bangalore will be the next big market in Bangalore's Real Estate.
Once the metro lines are up and running, brace yourselves for a surge of residents flocking to hotspots like
These areas are poised to become the crown jewels of Bangalore's and India's real estate micro-markets, offering unparalleled opportunities for growth and investment
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Most Frequently Asked Questions?
Where is the best place to invest in Northern Bangalore?
Hesaraghatta, Yelahanka, and Jakkur are among the greatest real estate investment areas in North Bangalore.
Which areas of North Bangalore are suitable for living in?
Devanahalli, Hebbal, Thanisandra Road, and Kalyan Nagar is a great place to live, because to its outstanding social infrastructure, good connectivity, and upcoming developments.
What is North Bangalore famous for?
North Bangalore is well-known for its plenty of attractive parks, gleaming lakes, and enchanting gardens. Jakkur Lake, Hebbal Lake, and Lumbini Gardens are some popular attractions.
Which Areas Come Under North Bangalore?
North Bengaluru's main localities include Hebbal, Hennur Road, Jakkur, Thanisandra, Yelahanka, and Horamavu.
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