Established in the 1970s by KSIDC (Karnataka Small Industries Development Corporation), Peenya is one of the oldest industrial areas in South East Asia. The industrial estate has a number of small, medium and large scale industries especially engineering and electrical manufacturing units. The first stage of the industrial estate spanned across 125 acres and the second stage established in 1979 covered 140 acres.
The second stage of the estate has a good distribution of industrial units and residential units like Chamundi Nagar. Situated on the Bangalore Mangalore Highway (NH 48), Peenya has been attracting a lot of attention from investors lately. Surrounded by other top localities in the region like Yeshwantpur, Jalahalli, Rajaji Nagar and Hebbal has given the necessary push to the real estate industry here.
To read the entire Solid Grounds Micro Market report on Peenya, click here.
You can also track the price trends of micro markets in Bangalore by clicking here.