Devanhalli2 hours agoAuthor: Ravi Sharma
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In May 2023, Taiwan’s multinational electronic company Foxconn announced the purchase of 300 acres of land in Devanhalli.
How a multinational company changes the fate of deserted areas, can understand from Devanhali in Karnataka. This area of the 15th century was quiet till two years ago. Although there is Campegowda International Airport, there were neither paved roads nor industry in this suburb.
People depended on Bangalore, 40 km away for good studies and treatment. However, in May 2023, Taiwan’s multinational electronic company Foxconn announces that it had bought 300 acres of land in Devanhalli.
Foxconn is Apple’s largest manufacturing partner. That 22 thousand crores. Is going to invest. After two years the investment will be 50 thousand crores. She is setting up its second largest manufacturing unit here, which will provide 40 thousand direct employment.
The photo is from Foxconn Site, Devanhalli General Industrial Area, STRR, Bangalore.
Since this announcement, the renowned real estate of the country and the world reached Devanhalli. Today, the prices of land in 20 km radius have increased by more than 400%. There are 57 mega projects of apartments, villas, plots. 12 companies, many international educational institutions, schools and hospitals have started work.
Foxconn has received 300 acres of land in the information technology investment sector. The company will shift thousands of its employees from the Philippines, China and Taiwan here. Therefore, the fare of houses from Devanhali to Bangalore is 15 thousand to 35 thousand rupees. Has reached the month. Basu, Vice President of Real Estate Firm BCD Group, said that Devanhalli will be a twin city in Bengaluru after 5 years.
Real Estate Developer Kumar Vemulkar said that at one time the price of land is Rs 1500. The square feet was now 9 thousand rupees. Is square feet. The price in acre has increased from 1.50 crores to 8 crore. Farmers are selling flats, villas by selling land, because in future they will give them 10 times profit.
The villagers said- there will be 500 companies in 5 years, why should we go to Bengaluru
- Bidarhalli Gram Panchayat – Farmer Sidd Gowda Borgowda says that there will be more than 500 companies in 5 years. There will be one lakh new jobs. 83% of the people are educated, now the youth will get a good job here. The children of the village who were studying outside, doing jobs, have started returning. The biggest thing is that big companies like Foxconn are paying attention to women in assembly lines. Small industries in Bengaluru and Devanhalli are becoming large supply chains of these companies. Brands like Jomato have also started delivery here.
- Devanhalli taluk – Tehsildar Balakrishna said that the development here is the largest infrastructure project in the history of Karnataka. Foxconn has started a small unit here. 5 thousand people are working. DN Solutions, International Battery, South Korean firm Huvision System has started investing a total of 1300 crores. Industrial parks for IT and electronic companies are being built on 800 acres, which will be equal to the famous Electronics City of Bengaluru. The Tata group’s Vistron is constructing 14 million sq ft, which will provide 3 thousand jobs. German software multinational giant SAP is also building a mega office.