A new GCC–IT Park has been proposed in the Devanahalli IT Investment Region (ITIR) in North Bengaluru, indicating continued expansion of the city’s technology and commercial real estate ecosystem. The project is being planned by Ashalt Industries and is expected to strengthen the emerging STTR (Satellite Town Ring Road) tech corridor.
The proposed development comes at a time when North Bengaluru is witnessing increasing investment activity due to infrastructure growth and proximity to key industrial and aerospace hubs.
Project Scope and Development Details
The upcoming IT park is planned as a mid-to-large scale commercial development designed to accommodate global capability centres (GCCs) and IT companies.
The project will feature approximately 1.33 million sq. ft. of built-up space on a land parcel of around 5 acres, with a proposed investment of nearly ₹286 crore. The building configuration is expected to follow a structure of 2 basements, ground floor, 9 upper floors, and a terrace, aligning with modern Grade A office specifications.
Project Overview
| Parameter | Details |
|---|---|
| Project Type | GCC / IT Park |
| Location | Devanahalli ITIR, North Bengaluru |
| Developer | Ashalt Industries |
| Land Area | ~5 acres |
| Built-up Area | 1.33 million sq. ft. |
| Investment | ₹286 crore |
| Structure | 2B + GF + 9F + Terrace |
Strategic Location and Infrastructure Advantage
Devanahalli has been evolving into a key growth hub due to its proximity to Kempegowda International Airport and major infrastructure initiatives such as the Satellite Town Ring Road (STRR). The presence of large industrial investments, including manufacturing facilities and technology parks, has accelerated the region’s transformation into a commercial hotspot.
The ITIR region, in particular, has been identified as a long-term technology and industrial cluster, attracting both domestic and global investments.
Real Estate Impact: Growth of North Bengaluru Corridor
The proposed IT park is expected to contribute to the expansion of commercial real estate in North Bengaluru. Developments of this nature typically drive demand for both office spaces and residential housing in surrounding areas.
The project may also support the growth of the STTR corridor as an emerging business district, complementing existing hubs such as Hebbal and Manyata Tech Park. Over time, increased commercial activity is likely to influence land values, rental demand, and infrastructure development in the region.
Market Outlook: Rising Demand for GCC Spaces
Bengaluru continues to attract global capability centres due to its skilled workforce and established ecosystem. The addition of new IT parks in emerging corridors indicates a shift toward decentralised commercial growth beyond traditional business districts.
As infrastructure projects progress, North Bengaluru is expected to play a larger role in the city’s commercial real estate landscape.
Also Read: BDA Plans 4,251 Flats Across Bengaluru as Focus Shifts to Vertical Housing
