PRR project in Bangalore

Q: Will the PRR project impact the real estate sector in Bangalore?

Kunal,

16th May 2013

Real estate News in Bangalore

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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

17th May 2013

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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.

Manohar,

16th May 2013

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Peripheral ring road has proved to be a boom time for township developers. The number of buyers investing in this segment has reported a significant growth resulting in marked increase in price.

Puneet Laskar,

16th May 2013

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