Bengaluru is set for a transformative leap with the Karnataka government’s Quantum City Project at Hesaraghatta, a flagship initiative under the state’s Quantum Mission.
Spanning 6.17 acres near Kempegowda International Airport, the project is backed by a Rs. 1,000 crore investment and aims to create a $20 billion quantum economy by 2030. Designed as a complete ecosystem, Quantum City will host quantum research labs, hardware parks, HPC data centers, and incubation hubs, fostering collaboration between academia, industry, and startups. The development is projected to generate 200,000 skilled jobs by 2035, drawing scientists, engineers, and entrepreneurs to the area.
Key Highlights
The International Centre for Theoretical Sciences (ICTS-TIFR) is also expanding with eight more acres, strengthening research synergies.
The real estate impact is immediate—land rates in Hesaraghatta have surged to Rs. 3,000–4,000 per sq ft, with premium projects reaching Rs. 8,000. Experts anticipate 5 percent annual price appreciation, spurred by upcoming arterial roads, public transport connectivity, and utility upgrades. Developers such as Colliers India and Hanu Reddy Realty are acquiring plots to meet future residential and commercial demand.
Housing demand is expected to span affordable, mid-range, and luxury segments, while commercial spaces, co-working hubs, schools, and hospitals will create a self-sustaining micro-market. Industry experts warn that growth will be phased—land and housing first, followed by infrastructure—but fundamentals like job creation and connectivity support long-term prospects.
Also Read: Lodha Sells Mumbai Land to STT GDC for Rs. 500 Cr Data Park
Quantum City is poised to decentralize Bengaluru’s growth, reduce congestion, and cement Karnataka as Asia’s quantum technology hub.
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