Namma Metro as a portent of realty boom in Bangalore

West Zone:

Extension from Mysore Road Junction on the Outer Ring Road to Kengeri is also fully elevated with five stations over 6.465 kms. This zone connects industrial belts of Bidadi and Ramnagar to the city and to the city of Mysore beyond is witnessing utmost residential activity and industrial growth. The metro stretch along with the proposed up gradation of Bangalore Mysore State Highway from four lanes to six lanes is sure to augment connectivity and development along the stretch.

However, the west zone has not seen any residential growth in the past; currently it is attracting the attention of many buyers as well as developers. While, the western localities do not have commercial establishments, the doubling of railway track will aid in offering better connectivity to sub markets by reducing the commute time. The extension metro track will add an advantage to its connectivity from railways and roadways.

North Zone:

The metro expansion from Nagasandra to Bangalore International Exhibition Centre (BIEC) has resulted in higher demand for the established residential markets and this will be a fully elevated stretch of 3.80 kms with three stations. Established localities such as Peenya, Dabaspet, Greater Peenya and many others catering industrial growth and witnessing considerable demand. Moreover, these regions will also witness a transformation when the Bangalore Mumbai Industrial Corridor turns into a reality.

In these established localities the capital values and rental values have boosted. The existence of Bangalore International Airport and connectivity through NICE Road has discriminating the realty activity due to the accelerated real estate activity Tumkur Road (NH-4) and its surroundings witnessing utmost capital values and residential inventory. Satellite townships and the development of clusters from Tumkur to Belgaum will see this area develop as a manufacturing hub.

Read More : Under DDA Scheme out of 30 aspirants only one Can Get Flat

newly launched real estate project in bangalore