Peenya Industrial Area Phase 2, Bangalore
About
Overview of Peenya Industrial Area Phase 2, Bangalore
Location and Pincode The Peenya Industrial Area Phase 2 is located in the western part of Bangalore, holding the pincode of 560058. It lies close to Peenya 1st Stage, Chokkasandra, and Ring Road.
Connectivity
- The place connects very well:
- Public Transport: You can easily find BMTC buses.
- Metro Stations: Peenya industry metro station (0.9 km), Jalahalli metro station (1.1 km), and Peenya metro station (1.9 km) are just a short distance away.
- Railway Stations: Yesvantpur junction railway station and Lotte Gollahalli railway station are accessible.
Property Prices
- Generally, buyers find the property prices around ₹14,300 per sqft in Peenya Industrial Area Phase 2, fluctuating between ₹13,541 and ₹15,060 per sqft.
Infrastructure and Amenities
Educational Institutions You will find several schools nearby, for instance:
- Nammura Government Model Primary School
- AIMS Institutes
- Schoenstatt St Mary's High School.
Healthcare Facilities There are many hospitals and clinics nearby, including:
- Esi Hospital Peenya 1st Stage
- Government Hospital
- Ragavendra Hospital
- Sri Venkateshwara Eye Hospital
- Ashwini Hospital.
Shopping and Dining There are several local restaurants and shops around:
- E-Zone (5.9 km)
- Yeshwantpur Market (6.2 km)
- Philips Arena Showroom (6.9 km)
- Various local restaurants like Phalahara Darshini Juice Center, PSR Andhra Style Restaurant, Papa John's and more.
Other Amenities You get different facilities like:
- Hanuman Temple
- Indian Oil and Hindusthan Petroleum petrol stations
- Movie theaters: Rockline Cinemas and Bharathi Theatre
- NID Open Air Auditorium and Shiva Temple.
Lifestyle and Environment In Peenya Industrial Area Phase 2, people enjoy:
- Good public transport
- Schools, hospitals, parks
- Jobs due to many industries and multinational companies
- Clean environment with parks and playgrounds.
Availability of Properties Limited residential properties exist in this industrial area:
- Just 1 property is currently available for sale.
- Renters have the option of semi-furnished 2 BHK flats starting at ₹15,000 per month plus a deposit.
PropertyWala's Conclusion
Peenya Industrial Area Phase 2 blends industrial and residential living, appealing to those searching for nearby employment in industrial sectors. Good connectivity via public transport, schools, hospitals, and other amenities is available. Though primarily an industrial area, the residential properties that exist can offer convenient and affordable living. However, the selection for residential properties is limited opposed to other parts of Bangalore. Therefore, it remains an excellent choice for those valuing job opportunities and connectivity.
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News
Bengaluru rolls back Peenya Industrial Township status
MSN · · Regulatory
Karnataka government withdrew Industrial Township status from Peenya Industrial Area one year after granting it.
Key facts
The government of Karnataka revoked the 'Industrial Township' status granted to Peenya Industrial Area approximately one year after declaring it a special investment region. The area has reverted to Greater Bengaluru Governance Act jurisdiction.
Peenya Industrial Area declared special investment region
thehindu · · Infrastructure
Karnataka government notifies 1,461.46 acres of Peenya Industrial Area as a special investment region, with 70% of property tax devoted to infrastructure.
Key facts
The Karnataka government has issued a notification declaring 1,461.46 acres of the Peenya Industrial Area (Phases 1, 2, 3, and 4) as the Peenya Special Investment Region.
70% of property tax collected from the region will be utilised for infrastructure development and maintenance; 30% will be shared with the local body.
The Karnataka Industrial Areas Development Board (KIADB) will be the regional development authority and industrial township authority for the region. Local authorities will have no jurisdiction.
Peenya becomes the 18th special investment region in Karnataka. Industry bodies Karnataka Small Scale Industries Association (KASSIA) and Peenya Industries Association (PIA) have welcomed the notification.
The Peenya Industrial Area, established in the early 1970s, houses around 13,000 micro, small, and medium enterprises (MSMEs) along with several large- and medium-scale industries.
Industry bodies noted the region has faced infrastructure problems including pothole-ridden roads, ineffective garbage collection, water and drainage issues, dysfunctional street lights, and law and order issues.
Concerns remain: the 15-member regional development authority committee includes only two representatives from the industrial fraternity. Industry bodies have requested at least 50% representation from the industrial sector, noting that a township authority would have provided greater representation.
Karnataka notifies Peenya as Special Investment Region
Hindustan Times · · Infrastructure
Karnataka government designates Bengaluru's Peenya Industrial Area as a Special Investment Region, the 18th in the state, expected to boost infrastructure and mid-income housing demand.
Key facts
Peenya Industrial Area (PIA) in northwestern Bengaluru, established in late 1970s, officially notified as Special Investment Region (SIR) on June 9, 2025. Comprises phases 1-4 covering 1,461.46 acres. Home to engineering, electrical equipment, textile manufacturing, and start-ups. Located along Bengaluru-Tumakuru highway with access to NH4 and Metro Rail Green Line.
KIADB (Karnataka Industrial Areas Development Board) designated as Industrial Township Authority. SIR status makes Peenya the 18th such zone in Karnataka. KIADB will collect property tax with 70% allocated to infrastructure development.
Expected impacts: improved civic infrastructure (roads, drainage, street lighting, waste management, power); enhanced safety (police, fire, medical facilities); faster project approvals; increased demand for mid-income residential real estate, particularly among skilled workers and investors; appreciation in rental and capital values. Peenya's established position as manufacturing hub with MSMEs, proximity to residential areas like Yeshwanthpura and Rajajinagar, and existing metro connectivity noted as growth factors.
Price Trends
- Locality ID
- A811137276