Integrated township and new airport to revamp Tumakuru Road real estate
Real Estate

Integrated township and new airport to revamp Tumakuru Road real estate

The proposed Integrated Township in Vasanthanarasapura, Tumakuru, along with plans for a new airport, is poised to revolutionize the real estate landscape in Nelamangala and Tumakuru Road. Led by Minister of Urban Development Byrathi Suresh, this initiative aims to stimulate economic, infrastructural, and social progress, thereby fostering growth in real estate development and investment opportunities.

An Integrated Township integrates residential, commercial, recreational, and institutional facilities into a self-sustained community, providing residents with convenient access to amenities, green spaces, and transportation hubs. The planned Vasanthanarasapura Integrated Township covers approximately 500 acres, marking a substantial investment in urban infrastructure and development.

According to Suresh Gowda, a real estate developer, "One of the main factors driving real estate growth in Nelamangala and Tumakuru Road due to the Integrated Township and the proposed airport is the improved connectivity and accessibility they offer. With enhanced transportation infrastructure, including road networks, public transit options, and potential air travel, the area becomes more appealing to businesses, investors, and homebuyers alike. Residents are attracted to such townships because of the wide range of amenities available, such as modern housing choices, recreational facilities, educational institutions, healthcare centers, shopping complexes, and entertainment venues. The self-sufficient nature of these townships reduces the necessity for residents to travel long distances for their daily needs."

"The proposed airport development in Tumakuru further enhances real estate prospects in Nelamangala and Tumakuru Road," added Nanda Gopi, another real estate developer. "Air connectivity not only facilitates quicker travel for residents but also attracts businesses, industries, and logistics operations to the area. The airport's proximity creates a ripple effect, driving demand for commercial spaces like office complexes, industrial parks, warehouses, and hospitality establishments. This influx of economic activities stimulates real estate growth, including the construction of commercial properties, mixed-use developments, and logistics hubs along Tumakuru Road and its environs. Moreover, the integrated development approach promotes mixed-use projects within the vicinity. These projects blend residential, commercial, and retail elements within a single complex, forming lively urban centers that cater to diverse preferences and needs of investors and homebuyers seeking a dynamic urban lifestyle."

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

The proposed Integrated Township in Vasanthanarasapura, Tumakuru, along with plans for a new airport, is poised to revolutionize the real estate landscape in Nelamangala and Tumakuru Road. Led by Minister of Urban Development Byrathi Suresh, this initiative aims to stimulate economic, infrastructural, and social progress, thereby fostering growth in real estate development and investment opportunities. An Integrated Township integrates residential, commercial, recreational, and institutional facilities into a self-sustained community, providing residents with convenient access to amenities, green spaces, and transportation hubs. The planned Vasanthanarasapura Integrated Township covers approximately 500 acres, marking a substantial investment in urban infrastructure and development. According to Suresh Gowda, a real estate developer, One of the main factors driving real estate growth in Nelamangala and Tumakuru Road due to the Integrated Township and the proposed airport is the improved connectivity and accessibility they offer. With enhanced transportation infrastructure, including road networks, public transit options, and potential air travel, the area becomes more appealing to businesses, investors, and homebuyers alike. Residents are attracted to such townships because of the wide range of amenities available, such as modern housing choices, recreational facilities, educational institutions, healthcare centers, shopping complexes, and entertainment venues. The self-sufficient nature of these townships reduces the necessity for residents to travel long distances for their daily needs. The proposed airport development in Tumakuru further enhances real estate prospects in Nelamangala and Tumakuru Road, added Nanda Gopi, another real estate developer. Air connectivity not only facilitates quicker travel for residents but also attracts businesses, industries, and logistics operations to the area. The airport's proximity creates a ripple effect, driving demand for commercial spaces like office complexes, industrial parks, warehouses, and hospitality establishments. This influx of economic activities stimulates real estate growth, including the construction of commercial properties, mixed-use developments, and logistics hubs along Tumakuru Road and its environs. Moreover, the integrated development approach promotes mixed-use projects within the vicinity. These projects blend residential, commercial, and retail elements within a single complex, forming lively urban centers that cater to diverse preferences and needs of investors and homebuyers seeking a dynamic urban lifestyle.

Next Story
Infrastructure Urban

India, US to promote sustainable aviation fuel and hydrogen in buses

India and the United States have agreed to promote sustainable aviation fuel (SAF), electrification of medium and heavy-duty vehicles, and the use of hydrogen in buses, tractors, and heavy equipment. This decision came during the Strategic Clean Energy Partnership (SCEP) dialogue between US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington, DC. Both nations also encouraged increased investments in each other's clean energy markets. The joint statement emphasised the importance of a "just, orderly, and sustainable energy trans..

Next Story
Infrastructure Transport

Tuticorin Airport upgradation set for December completion

Tuticorin Airport in Tamil Nadu is undergoing a significant upgrade, with an expected completion date in December 2024. The project, valued at Rs 3.81billion, is being carried out by the Airports Authority of India (AAI) and involves the extension of the runway to accommodate A-321 type aircraft, construction of a new apron, a new terminal building, a technical block with a control tower, and a new fire station. The new terminal building, covering 17,500 square meters, will significantly enhance the airport's capacity, enabling it to serve 1,440 passengers during peak hours and handle up to 2 ..

Next Story
Infrastructure Transport

Airfare hike not tied to increased airport charges; ACI

The Airports Council International (ACI) stated that rising airfares are not linked to increased airport charges. Airport charges are crucial for infrastructure development within the commercial aviation ecosystem, but they remain a minimal part of the overall airfare. Stefano Baronci, Director General of ACI Asia Pacific & Middle East, emphasized that airports are infrastructure-intensive businesses, with costs dominated by maintaining essential infrastructure such as runways, taxiways, aprons, and terminal buildings. He noted that neglecting the capital expenditure needed to support future g..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000