Even the suburban areas have become costlier and new residential areas like Mysore Road in the west, Tumkur road in north and Kanakpura road in the south are developing rapidly as they have plenty of vacant land for development which are relatively cheaper and size-able.
The capital values in prime locations have touch the sky over the years for which home buyers have been looking out. for alternative residential location which are more affordable and cheaper for them
Reduced travel time and improved connectivity will encourage the city population to prefer suburban locations for residential purposes to avoid residing in high-traffic areas. All localities up to the BMIC Corridor alignment within the city are likely to witness significant growth in next few years.
According to real estate expert, Phase II covering a large part of the city, especially locations Whitefield, Mysore Road, Tumkur Road and Bannerghatta Road, these areas are likely to witness further development in the real estate market.
Metro connectivity in turn helps reduce time and cost for travel. Metro will further provide better connectivity to the residents here which will trigger residential development.