Effect of Metro on Bangalore Real Estate Development Areas

Impact on West side of Bangalore:

The areas in this region are witnessing a high growth rate in all verticals. Several Real estate projects are launched in this area mainly in Yeshwanthpur. In addition to the connectivity the industries nearby have received a good boost up and up gradation of the four lane state highway is definite to lead expansion all through the corridors. Due to the impact, Mysore Road is emerging as a residential destination due to many project launches.

Areas Covered:

Vijayanagar, Bidadi, Kengeri and Rajarajeshwari Nagar

 Impact on North side of Bangalore:

Not only the metro Rail route the international Airport, proposed connectivity to the NICE Road and the outer ring road add value to the northern part of Bangalore. The neighborhood localities like Nagawara, Hennur Road and Kammanahalli are receiving a progressive growth. The impact is heavy on Hennur Main Road because this is extremely in close proximity to the Bangalore metro and central area of Bangalore city. It results a higher demand in the residential market, the property values and the rental values are going up 40% hike from the time of construction.

Inspection of the tracks is going around the Peenya Road on the North-south Corridor. The line is partially started in the beginning of 2014. It is witnessing the high growth progress and increase of capital values.

Areas Covered:

Jalahalli, Sadhashivenagar, RMV Extension, Sanjaynagar, New BEL Road, Rajaji Nagar, Hesaraghatta, Peenya and Yeshwanthpur.

Impact on South side of Bangalore:

This south zone of Bangalore is well known as an IT Basin. The real estate market is witnessing a better improvement and connectivity to the Central Business District. The better impact of metro yet to be seen after construction of Stage IV¸ which covers areas like Kanakapura Road and banashankari. Many developers are intended to start up their project for better returns in future.

JP Nagar and Jaya Nagar connects the end of Phase I railway route. The property value and the Rental vales are upgrading from the beginning of construction. These areas will experience a 50% to 60% of a hike at the end of completion. The demand over mid segment residential projects in JP Nagar and Jaya Nagar is outstanding.

Areas covered:

Thyagaraja Nagar, Kumaraswamy layout, Banashankari, Padmanabhanagar, Uttarahalli, Jayanagar, JP Nagar, Puttenahalli, BTM Layout, Arakere, Kanakapura Road, Bannerghatta Road, Kormangala, Bommanahalli and Electronic city.