Peenya Industrial Area, Bangalore

About

Overview of Peenya Industrial Area, Bangalore

Location and Connectivity

Peenya Industrial Area sits in the western part of Bangalore, Karnataka. It has great links to key transport systems. There are 54 bus stops and major transport hubs at Yeshwanthpur, Peenya, Jalahalli, and Vidyaranyapura. This strong connectivity supports both industrial operations and living needs, making sure the transport of goods and people runs smoothly.

Industrial and Economic Significance

Peenya Industrial Area is a bustling hub with a wide variety of industries like manufacturing, engineering, information technology, and biotechnology. Some major companies based here are Bharat Electronics Limited (BEL) and Hindustan Machine Tools (HMT), marking it a key economic hub.

Property Prices and Trends
Residential Properties

This area offers many different residential choices, such as flats, villas, and plots.

  • Prices for villas range from ₹60 lac to ₹1.5 crore, and plots from ₹59.99 lac to ₹1.19 crore.
  • On average, residential properties in the Peenya area cost around ₹9,557 per square foot, although this can change based on your exact location within the industrial zone.
Industrial Properties

There are also plenty of industrial plots and lands for sale here.

  • Prices for these vary from ₹2 crore up to ₹40 crore, depending on the size of the plot and any extra features.
  • For instance, a 10,500 square feet industrial plot might cost about ₹6.25 crore, while a smaller one, 5,302 square feet, could be for perhaps ₹5.51 crore.
Rental Properties

There are rental options like flats, houses, builder floors, and commercial properties.

  • Warehouse rental prices can range from ₹4.3 lac to ₹4.7 lac. The average rent per square foot for these warehouses comes in roughly between ₹29 and ₹35 per square foot, based on Peenya's specific location.
Amenities and Infrastructure
Social Infrastructure

We see a lot of improvements in social structures, with new schools, hospitals, and recreational places.

Utilities and Facilities

Industrial parcels usually come with utilities like power supply (up to 155 KVA), a steady water supply, and built-up sheds.

Pros and Cons
Pros
  • Strong Connectivity: Easy access to major transport systems.
  • Industrial Hub: Presence of large-scale industries which provides job opportunities.
  • Amenities: Plenty of social infrastructure, with many schools, hospitals, and recreational areas.
  • Investment Potential: Great market for buying and selling properties due to its growing demand and industry base.
Cons
  • Industrial Environment: Possible noise and pollution issues.
  • High Costs: Although there are cheaper options, some property prices here can get quite high, especially for industrial spaces.
PropertyWala's Conclusion

Peenya Industrial Area, Bangalore, presents both industrial and residential possibilities for investors and people looking for homes. With great links to transport, different types of industry, and improving social infrastructure, it's a promising market. Just remember to look at the pros and cons, like the potential for an industrial atmosphere and the price differences. Peenya Industrial Area is a promising option both for investors and regular buyers in Bangalore's dynamic, growing neighborhood.

Reviews

Peenya Industrial Area is one of the largest in India and a base for machine tool, garment, automobile and aerospace industry. Well developed infrastructure and well connected by metro, city bus and public transport

Pros
  • Close to city
Cons
  • Slightly poor interior roads

Peenya Industrial Area is a very ideal for the people who working in around Peenya, HMT layout, Sunkadakatte.

Pros
  • Good industrial area

Peenya Industrial Area is one of the largest industrial areas in the whole of Asia and is conveniently located on NH-4, and not very far from the city centre (<10 kms). NH-4 connects Bangalore to Mumbai & Chennai. This also ensures very easy connectivity for truckers.
The NICE Ring Road which connects Tumkur Road (NH-4) to Hosur Road (NH-7) crossing Mysore Road (SH-17), Magadi Road, Kanakapura Road (NH-207) and Bannerghatta Road is just about 5kms away from the main Jalahalli Cross (entrance to Peenya).
In Peenya there are more than 7,000 small & medium scale industries serving various large industries all over the world. Industries here cater to all sectors of manufacturing and service activities from Paper to Aircrafts.
Peenya is well served with numerous bus services from different parts of the city and there are buses every minute to the city centre. Yeshwanthpur Railway Station is close by (<5 kms) and trains from here are available to most major cities in India. Bangalore International Airport is about 45kms away and requires about 1-1.5 hours of travel by car.
The North-South Line of Bangalore Metro shall serve Peenya Industrial Area, with even a depot coming up in the area. This line shall start from Peenya and end at South Bangalore, passing through the City Centre (Majestic). The line shall also be extended from Peenya towards Hesarghatta Road, onward to the Bangalore International Exhibition Centre (BIEC). The BIEC is a premier destination for Exhibitions and Trade Shows in Bangalore and one of the biggest and best facilities in India, located at the entrance of the NICE Ring Road (<5kms). Most Trade shows held in South India take place in BIEC.
A lot of Residential projects, including Villas are coming up from the top builders of Bangalore. There is also a new Shopping Mall & Multiplex in the heart of Peenya. Sheraton Hotel 5*, Movenpick Hotel 5*, Vivanta by Taj 5* are nearby (<5 kms). McDonalds & Cafe Coffee Day are next

Pros
  • Largest Industrial Estate in Asia
  • Proximity to City Centre
  • Adjoining important National Highway - 4
  • Several residential projects coming up nearby
Cons
  • Water connections can be more
  • Drainage system can be better
  • Roads can be better
Peenya Industrial Area, Bangalore is rated 6 out of 10 based on 3 user reviews.
Disclaimer: The reviews are opinions of PropertyWala.com members, and not of PropertyWala.com.

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Apartment / Flat

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Apartment / Flat

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Rental Properties

Warehouse / Godown for rent in Peenya Industrial Area, Bangalore
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Warehouse / Godown for rent in Peenya Industrial Area

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Office / Warehouse for Rent in Peenya Industrial Area

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Price Trends

Locality ID
A674111372
PinCode
560095