As India’s largest startup ecosystem, Bangalore continues to attract investors, startup owners, and talent worldwide. The city is expanding rapidly, and with news of the KHIR Bangalore’s development, exciting opportunities are emerging for potential homeowners and investors.
Karnataka Chief Minister Siddaramaiah, accompanied by his cabinet ministers, officially launched the Knowledge, Wellbeing, and Innovation (KWIN) City near Bengaluru on 26th September 2024. Originally named the Knowledge, Health, Innovation, and Research (KHIR) City, the project has now been rebranded as KWIN City.
KWIN(KHIR) City Overview
KHIR City is set to transform the landscape of Bangalore with its innovative approach to development.
- Announced in November 2023.
- Launched in September 26, 2024
- 2,000 acres near Kempegowda International Airport.
- Stands for Knowledge, Wellbeing, and Innovation .
- Aims to redefine the region’s identity as a global hub of discovery and progress.
Location and Development of KHIR City
The location and development plans for KWIN (KHIR) City promise to make it a strategic and accessible hub.
- Exact location: within 40-60 km from the Central Business District (CBD).
- Near Kempegowda International Airport.
- Likely near Devanahalli or Doddaballapur.
The Karnataka government plans to establish KWIN (KHIR) City (Knowledge, Wellbeing, and Innovation) 60 km from Bengaluru, between Dabaspet and Doddaballapur.
This is the expected location of KHIR city in Bangalore:
The city will be developed on 2,000 acres, with the first phase covering 500 acres.
Expected to attract ₹40,000 crores in investments, KHIR City aims to create 80,000 jobs and house industries in sectors like automobiles, semiconductors, and aerospace.
It will also serve as a parallel hub to Bengaluru’s start-up ecosystem, positioning Karnataka as a global investment destination.
The 2,000 acre city is expected to attract Rs, 40,000 crores in investment in real estate and more.
Phases and Investment in KHIR City Bangalore
The development of KHIR City will be carried out in carefully planned phases with significant investment.
- Multiple development phases.
- First phase: 1,000 acres.
- Remaining acres: developed in 200-300 acre increments.
- Rs 40,000 crore investment aimed.
- Focus on healthcare, innovation, and knowledge.
- 80,000 jobs to be created.
- Emphasis on research and development.
Economic and Real Estate Impact
KHIR City is expected to have a significant impact on the economy and real estate market in Bangalore.
- Estimated boost to Bangalore’s GSDP of Rs 25 lakh crores.
- Positive impact on real estate.
- New opportunities for investors and home seekers.
Partnership and Development in KHIR City
The success of KHIR City will hinge on strong partnerships and innovative development practices.
- Partnership with the private sector.
- Government provides land equity.
- Private players drive investments.
- Inspired by global best practices.
Connectivity and Infrastructure in KHIR City
Connectivity and infrastructure are key components of the KHIR City development plan.
- Dynamic ecosystem for collaboration and innovation.
- Excellent transportation links.
- Seamless integration with Bengaluru’s city center.
- Benefits from metro connectivity, Satellite Town Ring Road (STRR), and underground road networks.
- Potential hotspots: Yelahanka, Jakkur, Hebbala, Hennur, Devanahalli.
Environmental Stewardship in KHIR City Bangalore
Environmental stewardship is a priority for the development of KHIR City.
- Significant land dedicated to green cover.
- Preservation of natural beauty.
- Balance between development and ecological conservation.
Explore Sustainable Housing Options and Advantages here.
Empowering Growth in KHIR City
KHIR City plans to empower growth through various incentive measures and strategic planning.
- Incentive measures to spur growth.
- Establishment of a Special Purpose Vehicle (SPV) for coordination.
- Excellent connectivity: road, metro, and suburban rail.
- Reachable from Bengaluru city center within an hour.
- Land allocations: 15% for educational institutes, 15% for healthcare facilities, 20% for R&D centres and corporate offices, 10% for startups, 20% for residential complexes, 15% for commercial and retail space, 5% for government offices and utilities.
- 35% reserved for green cover, 5% for roads, 5% for civic amenities.
Real Estate Potential of KHIR City
The real estate potential of KHIR City is immense, with promising opportunities for growth.
- Promising future with potential.
- Transformative project for North Bangalore’s landscape.
- Upgrades in transport capabilities: Metro Connectivity, STRR, and Underground Road Networks.
- North Bangalore as the next big real estate market.
Get a Home Loan
with Highest Eligibility
& Best Rates
Conclusion
KHIR City is an ambitious development project announced in November 2023 by Industry Minister M.B Patil. It will span 2,000 acres near Kempegowda International Airport, focusing on Knowledge, Health, Innovation, and Research (KHIR).
The project aims to boost Bangalore’s GSDP by Rs 25 lakh crores, create 80,000 jobs, and attract Rs 40,000 crore in investment. Expected to be within 40-60 km from Bangalore’s CBD, KHIR City will feature excellent transportation links, including metro connectivity and the Satellite Town Ring Road (STRR).
The development will prioritize environmental stewardship, dedicating a significant portion of land to green cover. KHIR City promises to transform North Bangalore’s landscape and become a prime real estate market. To know more, contact Credit Dharma.
Estimated reading time: 5 minutes
Frequently Asked Questions
When comparing housing loans, evaluate interest rates, repayment terms, associated fees, and eligibility criteria to find the best fit for your financial situation.
We provide you home loans with the best interest rates and also provide consultancy and balance transfer services.
We have deep connections with banks and thus have access to rates others do not.
HDFC Home Loan
SBI Home Loan
