Investing along Peripheral Ring Road

Q: Is it worth investing along PRR? What are upcoming projects along this corridor?

Sachin bhatt, Bangalore

31st July 2013

Real estate News in Bangalore

bangalore real estate

infrastructural developments

peripheral ring road

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Replies (11)

Hi All,

I am planning to buy a plot on chandapura-dommasandra road(Muthanallur cross). i heard chandapura-dommasandra road will become peripheral ring road. is this true ?
Some say the prr is coming there and some say its not . can some somebody please share where the PRR entry and exit points are for sarjapur road or location of PRR disecting the sarjapur road ?

Thanks!
Rajendra

Rajendra Kumar,

11th September 2015

Comment

No sure whether PRR is going to come or not. Try to talk with the some of the local agents as they can update you on the same. PRR is a distant dream :(

Venugopalan, Bangalore

15th September 2015

The best place to invest is where biggies in Real Estate have pitched their tents. For the PRR, Prestige has come up with a prestigious flagship Project - A Golf Villas gated community named Augusta. Another project of theirs, close to PRR is Gulmohar. Kolte Patil is also located next door with their Mirabilis. It is said that Shoba will also come to these parts, near Kalkere. This area is going to see the first signs of an upsurge, the moment PRR spadework starts literally. Any takers? You may get in touch!!

Alex Thomas, Apartment Resident

12th September 2017

It seems that the cost of PRR has gone up... When will the project start and finish?

Victor B, Bangalore

27th May 2015

Comment

According to sources, the project is waiting for the Japan International Cooperation Agency loan to come through. As soon as the loan come thye will start with the project. If everything goes well with what BDA has planned then the work will start by June or July 2015.

Yes the cost of PRR has gone up to 9,600 crores :( :(

Neeraj Rao,

27th May 2015

According to the new Land Acquisition Act, the High Court has ruled that the landowners be paid compensation. The overall project cost has now touched Rs 11,950 crore. OMG

Harmeet Kaur,

27th May 2015

As the construction cost has increased, how they are going to manage and take care of the construction work of PRR?

Srikumar Nair,

8th November 2014

Comment

According to the sources, BDA has estimated that it would earn Rs 574.86 crore by selling sites in Nadaprabhu Kempe Gowda Layout and about Rs 2.73 crore from sites in Arkavathi Layout. Lets hope for the best :) :)

Dilip Joshi, Bangalore

8th November 2014

As far as I know both the layouts are heavily in litigation. How they can sell such kind of property?

Srikumar Nair,

8th November 2014

The BDA also hopes to generate Rs 410 crore from auctioning of sites elsewhere in the city, Rs 21.95 crore from leasing CA sites, Rs 19.20 crore from allotment of land from old layouts, Rs 340.65 crore from affordable housing flats and Rs 132.25 crore from rent, betterment fee, licences and others.

Neeraj Rao,

8th November 2014

any idea if PRR is going to be a surface road or a elevated road ?

Johnson Thomas, Apartment Resident

14th July 2014

Comment

Peripheral Ring Road project is still on paper but the construction from Rs 5,800 crores cost of constructing Peripheral Ring Road is now Rs 9,000 crores cost has gone up.

Arunabha Gupta, Bangalore

8th November 2014

There are currently three malls under construction in Electronic City one of which is from Hiranandani group. Besides several big builders like Prestige, Shriram, Godrej, SJR, Concorde and Patel reality have already completed or started building their aprtments. There are international schools existing and things are changing every day in EC....travelling to areas like Koramangla and BTM is just a 15-20 min drive via elevated expressway without any jams. And the prices are still in the mid range and with proposed PRR and metro route its a wise decision to invest in EC now

Ashwin Arora, Apartment Resident

13th November 2013

Comment

You should invest where appreciation is going to happen before it happens.Electronic city value is unlocked and hidden.As soon as the infra projects like Metro,PRR get started and Malls and Entertainment are finished value will go up many folds. Whitefield is good locality but it has already been discovered and valued accordingly

Nagesh Bharadwaj, Apartment Resident

19th September 2013

Comment

I am bit confused whether I should invest in Electronic City or not. Will I get good appreciation in future?

Seshagiri Mehra, Bangalore

17th September 2013

Comment

The whole electronic city is expected to see an uplift within two years and the apartments close to Electronic City will definitely get good returns. All the malls and multiplexes will also get ready by 2014 near Wipro .Moreover talks are going on for PRR, elevated corridor and metro which will come in late 2017. So better go for E City :) :)

Shiva Reddy, Bangalore

17th September 2013

You cannot say E City is the best place to invest. I stay in Whitefield and the area is far better than Electronic City. The development is wholesome in nature. Whitefiled is complete city within itself. The area is having malls like InOrbit Mall, Forum Value Mall and Phoenix city whereas presently there is no single mall in Ecity.

Dilip Joshi, Bangalore

17th September 2013

Nagesh Bharadwaj, Apartment Resident

19th September 2013

Once the proposed Peripheral ring road (PRR) is in place, places like Whitefield, Electronic city, Koramangla etc will be within a travel time of 20-30 minutes. It is expected to connect the various business- residential districts of Bangalore without having to travel through the current traffic mess.

Bala Subramanium, Bangalore

31st July 2013

Comment

Good to know that 65 km peripheral ring road project PRR has been given the approval to be built from Tumkur Road to Sarjapur Road. Being a long stretch, there are going to be massive big and small townships in the area that will offer value for money deals. As the above member mentioned, the existing Townships has witnessed a positive spike but new townships would be skeptical as the project might get delayed further. . Bhartiya City Nikoo Homes is indeed a good project but with the PRR approval the prices have risen 8 to 10% already. If you want to buy immediately you can consider them or wait for better projects according to your location.

Bhaskaran, Bangalore

31st July 2013

Comment

What is the price per sqft of a property in Peripheral Ring Road stretch?

Yogendra, Bangalore

31st July 2013

Comment

The rate per square feet of a property in Bangalore Expressway stretch ranges from Rs 3500 to Rs 4600.

Venugopalan, Bangalore

31st July 2013

What is the PRR location on sarjapur road , what is the entry and exit points ?

Rajendra Kumar,

11th September 2015

The State government of Karnataka has finally issued the an order to execute the long-pending project of constructing the 65- kilometer Peripheral Ring Road (PRR) on the outskirts of Bangalore. While this is seen as good news for real estate prices along the stretch beneficial to both builders and resellers, there has been no fixed date for completion of the project. With so many delays, a lot of buyers would be wary of investing in the stretch along the PRR. Bhartiya City Nikoo Homes being developed by Bhartiya City Developers Private Limited in Thanisandra Main Road has already witnessed a good upside after the announcement of the PRR project approval.

Navneet Gupta, Bangalore

31st July 2013

Comment

Many projects are coming up in this area but most of them are either in pre-launched status or have been launched.

Sukumar Gupta, Bangalore

31st July 2013

Bhartiya City, when they announced the project last year the launch price for Phase I was at about Rs. 3870 per sq ft basic price. The current basic price is estimated at about Rs. 4220 per sq ft, in just about 5 months. PRR project is directly or indirectly impacting the real estate sector.

Navneet Gupta, Bangalore

31st July 2013

What is the PRR location on sarjapur road , what is the entry and exit points ?

Rajendra Kumar,

11th September 2015