Real estate boom around Devanahalli area

Real estate industry around Devanahalli area has grown without leaps & bounds.
Here are some related FAQ’s to whom so ever it can help.

Why this surge?
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As the first phase of new International airport is getting ready to be open by Apr 2008, the area around Devanahalli is a potential investment spot.

Who administer the land around International Airport?
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A government body named ‘BIAPPA’ stands for Bangalore International Airport Project Planning Authority owns the rights for land distribution, planning & approval around International Airport.

Do they have a website?
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Yes. They do. http://www.biaapa.in/
But, not updated since long time.

What’s the address of BIAPPA office?
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#10,Sulibele Road,
Devanahalli Town,
Bangalore Rural District,
Bangalore-562110
Phone : 7682035

Is there any Master plan for the land development?
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Yes. There’s a Master Plan published by BIAPPA which clearly mentions yellow zones for residential purposes. Zoning regulations have to be strictly followed to get the land registered.Please refer http://www.biaapa.in/for Jurisdiction section.

Who are the main real estate players in that area?
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Aishwarya Homes- I invested in their layout & made good profit
City Square Developers-Bad Reputation of being a Fraud when they operated in the name of ‘Happy Homes’ before rechristening themselves as CitiSquare developers.
Renaissance Developers-Genuine.Tied up with Shoba to develop Villas.
Aashraya Developers- No idea of their reputation

What are the Projects currently going on in that area?
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Renaissance Ranch-Phase1 & Phase 2
Nirvana Builders-Phase1 & Phase 2 Villas near ITC
Aishwarya Evergreen
CitiSquare Vision Phase 1,2,3 & 4
Citi Square Bel Air
Tulip Gardens
Raashi Orchids
RG villas
Utopia
The Retreat- satya sai developers
Mulberry meadows
Hollywood/Swiss Town
Metrocorp-Villas- 1.24cr for 40x60 plot, 2cr 50x80 site
Shoba Lifestle villas -2.5 cr
Citi Square Aminini
Aero Royal-Aishwarya Homes
Aero Grand-Aishwarya Homes
Aerozonna-Aishwarya Homes
Aeropride-Aishwarya Homes
Bonitas Residency
Nitesh Key Biscayne-Villas
Shriram bhairavi-Shriram PropCare
Greek Agora
Aspen heights
Heritage Citi-There’s truck terminal planned in the same place according to Master Plan 2021 published by BIAPPA
Vintage Homes-Lies in Green Belt according to Master Plan 2021 published by BIAPPA
Aashraya Aero Spring
Citi Square Transpark

How many projects have BIAPPA approval?
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Aero Royal
Bonitas Bounty
Citi Square Vision –Partly
Aero Grand-Partly
Nirvana Builders
Hollywood/Swiss Town
Tulip Gardens-Partly
Raashi Orchids
Utopia

Is there any Master plan for the land development?
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Yes. There’s a Master Plan published by BIAPPA which clearly mentions yellow zones for residential purposes. This plan is valid till 2021.

How’s the land priced around that area?
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3-5 Kms vicinity of International Airport -Rs1500-1200
5-7 Kms vicinity of International Airport -Rs1200-900
7-10Kms vicinity of International Airport -Rs900-600
10-15Kms vicinity of International Airport -Rs600-400

What are rules & regulations for the layout developers to apply for BIAPPA approval?
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BIAPPA will release only 60% of the plots to sell.40% will remain under government control. Observing the developments in the Layout and conformance to the development plan (40% of development including Compound, Sewage system, Roads, Plot numbering, Street lights, Water tank, Parks) the rest of the plots will be released for sale later.

IVC road widening & the related chaos...
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IVC road stands for INTER VILLAGE CONNECTIVITY road. Widening of IVC road proposal is to connect MANGALORE/ HASSAN road (NH47) through NELAMANGALA via DODDABALLAPUR ROAD. This will also link TAVAREKERE from MAGADI ROAD. This will be made 300 ft road. Government has already put YELLOW STONES ON BOTH SIDES. People should not remove this stones. If removed, 25k penalty awarded.
As of my knowledge, this development leads to some of the plots acquisition by Government in Airport City Layout by Citi Square and AeroCity layout by Aishwarya Homes.

Is there any place to see in & around Devanahalli?
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International Airport ofcourse!!!! Kidding, it’s not open for public visits yet.
Jain Temple-Still Under construction,it’s expected to be complete by 2018. I’ve visited it twice…looks good from outside, no architectural marvel as such.
Devanahalli Fort-Ruled by Tippu sultan…looks interesting from the road… I’ve not seen it yet.
Nandi Hills

Disclosure: I owned a plot in ‘Aero Royal’ purchased from Aishwarya Homes in late 2005. The deal went extremely well though there was a considerable delay in getting the site registered. They helped in reselling also & I sold it to a genuine buyer. Please don’t think I’m promoting Aishwarya Homes, I’ve heard some of the people having bad experiences with them. I just turned out be lucky for not being one among them.Please do thorough investigation before shelling out hard earned money.