Karnataka Housing Board Unveils 772-Acre Residential Project in Devanahalli
The Karnataka Housing Board (KHB) has announced a major 772-acre residential project near Devanahalli's ITIR, aiming to address the growing demand for housing due to industrial growth and urban expansion. The project will offer residential plots and affordable housing units, focusing on economically weaker sections, while ensuring robust infrastructure.
Karnataka Housing BoardDevanahalliResidential ProjectAffordable HousingUrban DevelopmentReal Estate NewsSep 11, 2025
The announcement comes after the government withdrew plans to acquire 1,777 acres for similar projects following protests by farmers who raised concerns over the loss of fertile land. KHB officials stated that the new project will proceed after securing public consent.
The proposed 772 acres are spread across five villages in Kundana hobli of Devanahalli taluk: Vishwanathapura, Vajarahalli, Beerasandra, Shanappanahalli, and Managondanahalli. Documents accessed by the Times of India indicate that KHB plans to acquire 410 acres and 13 guntas in Vishwanathapura, 42 acres and 20 guntas in Vajarahalli, 59 acres and 22 guntas in Beerasandra, 83 acres and 23 guntas in Shanappanahalli, and 177 acres and 12 guntas in Managondanahalli. The board is expected to issue an official notification for land acquisition shortly.
Dayananda KA, Housing Commissioner of KHB, confirmed that the project would follow a 50-50 formula, where landowners receive half of the developed land instead of direct monetary compensation. He added that the board will implement the project only after obtaining public consent, emphasizing stakeholder participation in the development process.
Local residents noted that the five villages are strategically located along the Satellite Town Ring Road, connecting Devanahalli and Doddaballapur. The proximity to ITIR has attracted industrial activity, including Foxconn’s recently announced 300-acre iPhone manufacturing facility. The Karnataka Industrial Areas Development Board has also developed over 2,000 acres in ITIR and is expanding the Obadenahalli industrial area nearby.
Several educational institutions, including private universities, have established campuses close to ITIR, contributing to a rise in residential demand. Local residents reported that plot rates have increased significantly, from Rs 1,500 per square foot before industrial developments to approximately Rs 6,000 per square foot currently.
Manjunath J, another resident, indicated that while the KHB project may provide affordable housing options for lower-income families, it could affect farmers who risk losing fertile land. The project highlights the ongoing challenge of balancing urban development and agricultural preservation in rapidly expanding urban zones.
KHB officials are expected to conduct consultations with local stakeholders to address concerns and ensure transparent planning. The project will involve the development of roads, water supply networks, sanitation systems, and other essential infrastructure to support residential settlements.
The initiative is part of a broader effort to expand housing supply in Bengaluru’s periphery, in response to increasing population density and industrial growth. By combining public participation, land development, and residential planning, the project aims to integrate housing solutions with regional infrastructure improvements.
Frequently Asked Questions
What is the size of the residential project proposed by the Karnataka Housing Board?
The proposed residential project by the Karnataka Housing Board is 772 acres in size.
Where is the project located?
The project is located near the Information Technology Investment Region (ITIR) in Devanahalli, spread across five villages: Vishwanathapura, Vajarahalli, Beerasandra, Shanappanahalli, and Managondanahalli.
What is the 50-50 formula mentioned in the project?
The 50-50 formula means that landowners will receive half of the developed land instead of direct monetary compensation.
How has the industrial growth in the region affected property prices?
The industrial growth in the region has significantly increased property prices, with plot rates rising from Rs 1,500 per square foot to approximately Rs 6,000 per square foot.
What is the main challenge faced by the project?
The main challenge is balancing urban development and agricultural preservation, as the project could affect farmers who risk losing fertile land.
Related News Articles
Boosting India's Housing Market: Developers Seek Tax Incentives and Industry Status in Budget 2024
The Indian housing sector is looking forward to the Union Budget 2024, expecting tax reliefs and other sentiment boosters to stimulate growth in the market.
Kalpataru Ltd Set to Enter Nagpur Real Estate Market with Plotted Development Project
Mumbai-based Kalpataru Ltd plans to launch a plotted development project in Nagpur, marking its entry into the city's real estate market. The project will be spread across 37 acres and will have 400 plots of sizes 1,200 to 4,000 sq ft range.
Hong Kong Halts Commercial Land Sales for Seventh Consecutive Quarter
Hong Kong's government has announced that it will not sell any commercial land in the quarter from October to December, citing low demand and high office vacancy rates.
Homebuyers Forum Claims RERA Act Falls Short of Objectives, Urges Consumer Affairs Ministry for Action
A forum representing homebuyers in Maharashtra claims that the Real Estate (Regulation and Development) Act, 2016, has failed to meet its objectives. The forum is now urging the Union Consumer Affairs Ministry to issue specific guidelines to protect consu
Ahmedabad Shines with Top Rental Yields in India
Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.
Incuspaze Expands with Major Leasing Deal in Gurugram's Thriving Real Estate Market
Incuspaze, a prominent player in the commercial real estate sector, has announced a significant leasing deal in Gurugram, marking a major expansion in one of India’s most booming real estate markets. This move underscores the growing demand for quality of