Effect of Metro on Bangalore Real Estate Development Areas

Effect of Metro on Bangalore Real Estate Development Areas

By siliconindia   |   Wednesday, July 23, 2014

bangalore metroBangalore : Bangalore city has taken a major growth of real estate market this is one of the known fact. As the metro completes in all the areas there will be a great impact on development areas of North, South, East and West. It is estimated that there will be a hike of 25% in coming years. Realty Builders are coming up with a lot of innovative ideas to make change in the Bangalore areas.

The striving project of a Metro will change the scenery of Bangalore city. The development will stretch its borders in Bangalore. It has a well conceptualized plan this is designed in a manner in which to cover all the corners of the Bangalore city. Surely it assures a growth of micro markets and it also help to reveal many places which are congested in metropolitan silicon city.

Totally the Metro Rail route comprises of 42.30 kms in that east-west corridor covers 18.10 km and north-south corridor covers 24.20 kms. The east-west corridor begins from Baiyappanahalli in the east and reaches up to the outer ring Road of Nayandanahalli by connecting Mysore Road in the west.

The north-south corridor begins from Hesaraghatta Cross on Tumkur Road in the north side and reaches up to Kanakapura Road by connecting Puttenahalli cross in the south. On 2011 Bangalore Metro Rail Corporation Limited (BMRCL) has already completed a part of east-west corridor from Baiyappanahalli to MG Road, which also covers Indira Nagar, S V Road, Ulsoor and CMH Road.

How will be the impact of Metro on Real estate development areas?

The development of infrastructure encourages a good connectivity with a city. It reduces the traffic on the stretch and provides convenience, from this we can move on to our destinations within a fraction of time. There will be no more traffic snarls and no need to leave early from home to reach office on time. Areas around the Metro station are already witnessing the impact.

Number of areas served:

Indira Nagar, Shivaji Nagar, Austin Town, Viveknagar, Richmond Town, Baiyappanahalli, Ramamurthy Nagar, KR Puram, CV Raman Nagar, Thippasandra, Ulsoor, Dickenson Road, Commercial Street and Lavelle Road.

Impact on the East side of Bangalore:

 Whitefield to Baiyappanahyalli terminal belonging to the east of Bangalore will be sophisticated by the metro enforcement. This metro project adds a considerable growth to both Residential and commercial markets. Due to the improved connectivity on prime locations most of the people were using this to reduce travel time and the property prices are increasing gradually. The growth extends up to Hoskote and Narasapura will appear as an automobile hub. The maximum impact can be seen after completion of Phase I.

Areas covered:

 Whitefield, Marathalli, Kadugodi, Hoskote and ITPL

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