By Accommodation Times News Service
The Bangalore – Mumbai Industrial Corridor which has mention in this Union Budget has much benefit in many areas in the State. This corridor has also attracted investor interest from abroad. If analyst to be believed , in future if the corridors are reality there will be tolled roads, high speed rail connectivity and townships which will eventually decongest the city’s industrial areas and provide industrial development. Industrial development has already taken place on a very massive scale by the Karnatka Industrial Areas Development Board (KIADB). The state’s industrial policy too has highlighted the development plans along this corridor.
The development of the industrial corridor will also create some scope for residential complexes in the form of integrated townships. Realty development can be seen in the form of offices spaces, residential property units and retail outlets. This is due to the connectivity and employment opportunities in the region.