Peenya, a hub on the outskirts

This industrial town has recently turned into a preferred residential area because of its strategic location.

NT Features

Bengaluru has become a synonym for modernday development. It has gained the title ‘startup capital’, ‘silicon valley’ from its original ‘garden city’ showing how much the city has evolved through the years. It is the one city that has had steady yet fast growth in modern infrastructure and still has retained its old-world charm blessed with green covers and traditional architecture.

An interesting point to note is that Bengaluru is known for its rapid development of industrial areas across the city. One of the areas which has steadily grown into a real estate hub is Peenya.

Peenya Industrial town is flung out on the far west of Bengaluru city. This emerging locality is on the outskirts beyond Yeshwanthpur and holds the reputation of being one of the oldest industrial hubs in India. Home to several industries that range from small-scale to medium and also large-scale industries, Peenya was established in the late 70s. Another plus about this area is its strategic location on the Bengaluru-Tumkur (NH4) highway.

It is known for being home to manufacturing industries, specifically in the domain of electrical, engineering, and other machine tools. Small scale industries present in the area are significantly high in number and provide employment to 15-50 staff while the large scale ones are only a handful. There are an estimated 4,500 small-scale industries and more than 50+ medium and large-scale units. ABB, Volvo, Bosch, and Parle are a few of the companies you must have heard of who call Peenya their home.

Due to the number of industries being drastically raised over the years in Peenya, a wide range of employees have decided to move to the Industrial town and the surrounding areas. This migration for commute purposes has turned Peenya into a preferred residential real estate destination. A number of proposed new industries are also helping Peenya to ascend as a property destination and its proximity to the Bengaluru-Tumkur highway (NH4) has attracted many of the big-time developers to invest in Peenya.

In recent years, the development of the Bengaluru Metro, the green line which connects Yelachenahalli in South Bengaluru to Nagasandra in the far west has upgraded the residential real estate value in Peenya. In fact, having its own metro station has made it easy for people to travel to and from the industrial locality, may it be to MG Road for a drink or to visit a friend in Rajajinagar. The plot rates in Peenya range between INR 1,400-5,000, on the other hand, for flats, the range lies between INR 3,100-6,800.

Apartments

Prestige Jindal City is a delightful residential community located on Tumkur Road. Being close to the main significant roads, it provides the flexibility to get to prime locations such as Peenya Industrial Zone, Manyata Tech Park, BEL, HMT, and Electronic City and entertainment and shopping centres and hospitals in a span of few minutes and reduces your commute time significantly. Prestige Jindal City delivers one to four BHK luxury apartments spread across 32 acres. The apartment price starts from Rs. 45 Lakhs Onwards. If your ideal world includes your home, workplace, schools for children, good hospitals, entertainment spots, favourite restaurants, shopping centres, all at a preferably short distance, then Prestige Jindal City is the right choice for you. And if not close, they will at least be easily accessible.

Experience a premium lifestyle, surrounded by nature at New Haven, Bengaluru’s first green township. Located off Tumkur Road - Bengaluru’s fastest developing corridor - the project is well-connected to Nice Ring Road and Tumkur Road, and to an upcoming Metro Station. Choose between one, two, or three bedroom apartments in a stepped terraced formation. Get ready to enjoy staying fit with a fully-equipped gymnasium, swimming pool, and basketball court if you choose to go with Tata New Haven. You will be able to relax at their steam and sauna, café, reading room, AV, and indoor games room along with the convenience of a retail zone, multi-purpose hall, and a crèche. With the proposed Metro Station and easy connectivity to major highways, New Haven is well on its way to becoming Bengaluru’s next big location.

Platinum City is a green township that comes as a breath of fresh air. It has just 20 percent built-up area leaving 80 percent for lush landscaped greenery, spread over 34 acres. This vast expanse houses 2500 elegantly designed and affordable two and three-bedroom apartments and penthouses. These come with a host of luxurious amenities and are compatible with modern living. Hassle-free payment terms are an added advantage if you go with Platinum city for the