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Source: Tarun Bharat & Sources
In the past year or so, I have posted more than a couple of stories regarding to real estate and the boom in this said sector.
As Belgaum is on the National highway, many big players and companies are eyeing to open or develop land here in Belgaum. Many of them have now identified places where they will do development.
A couple of malls are coming up in the city. Some prefer the outskirts and others the heart of the city. All the projects are of high investment & are done by outside companies from Pune, Bangalore, and even Uttar Pradesh.
Established players like Subhash Photos are now opening a branch in Tilakwadi to get the pie from the suburban market. Others are also catching on the same.
As all want to bite the share of this pie, a number of companies are coming in as they do not want to miss the chance and this is causing a price rise for land.
VRL group is planning to develop a project near Sambra on the Belgaum – Bagalkot highway.
Tata sons ltd had identified one spot on the Belgaum – Vengurla road but it could not get and approval so it is in search for a 2 acre site some where else.
Ashok Leyland is also trying to get 100 acres of land near Hattargi for its plant.
Fero steel will setup a steel plant on 80 acres near Santibastwad.
Sahara City is eyeing a 120-acre land near Halga.
K & A Consultants a Bangalore based company is also starting its projects here.
Due to this sudden rise in prices of land, the political interference has also increased and the Waghwade IT Park of 116 acres is just one example that seems to go into the grave soon.
May what it is, but Belgaum is changing and changes are for the better.
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You have a point, it did have a potential because it is well connected, has pleasant weather and is not too far from major cities.
yes ofcourse .. it was a sleepy city before … but then it had always had that potential … it was only that we needed government support … and we can say that now we are getting it, mainly because bangalore is choking … and we hope we continue to get this support ….
Interesting article, Belgaum seems to be part of the on going real estate boom being experienced in the country. It used to be sleepy city with an army base, but has now grown due to the influx of IT companies.
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin