Neo Bangalore, the New Satellite Township like Navi Mumbai

Neo Bangalore, the New Satellite Township like Navi Mumbai

By SiliconIndia   |   Thursday, February 14, 2013
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Bangalore: Like Mumbai’s Navi Mumbai, Neo Bangalore is an emerging planned satellite township in Bangalore. Navi Mumbai when developed in the year 1972 was never thought to become one of the most sought after areas. Properties are like hot cakes in Navi Mumbai where investors and buyers wait to get a piece of it and the demand for property pushing the prices to go up. Also, the prices have gone ten-times higher than when this planned Satellite Township was developed in Mumbai, as reported by Times Property.

Similarly, Neo Bangalore or Hoskote is a new integrated Satellite Township in Bangalore that witnessing healthy real estate activities. This area is becoming a promising location as several new developments are coming up in Hoskote. Key factors that making Hoskote a hottest property destination are good ambience, infrastructure and well connected roads.

Various IT/ITeS companies are the main demand driver in Mumbai’s Navi Mumbai area. But in Neo Bangalore, the government is planning to come up with exclusively designed Special Economic Zone (SEZ) for IT and electronics hardware in Bagur area.

Narsapur in Hoskote is witnessing demand for the industrial belt also. Already this place houses big factories like Volvo and Honda and many new industries mat also set up their base due to its promising location.

Also Read: rs12000 Per Sq Ft: New Normal Rate in Mumbai Realty

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