Elevated corridor from Central Silk Board Junction to Jayamahal Road
Q: Hii... Got to know from a real estate consultant regarding elevated corridor. What is the status of the project? Is it advisable to buy a property in this area?
The travel time from Silk Board Junction to Electronic City used to take more than one and half hours during peak hours. But the elevated expressway has reduced the commuting to around half an hour. If the elevated corridor is coming then it will reduce the travelling time from Central Silk Board Junction to Jayamahal Road
@ Adnan. If you are interested you can buy a property in Silk Board. The property price is rising in Silk Board because of the close proximity to educational institutions and IT areas. According to the data provided by a realty company, the sale price has gone up by 26 percent in October-December 2012 quarter because of the huge demand from genuine buyers. Thank you :):) Happy buying :):D
The property price is rising in Silk Board because of the close proximity to educational institutions and IT areas. The price of a multi-storey apartment in Silk Board ranges from Rs. 3,500 to Rs. 6,000 per sq ft.
The elevated corridor will be of 15 kms. The corridor is expected to ease the traffic flow between North and South Bangalore. The corridor will further help in reaching the International airport in the North
With all due respect do not believe one real estate consultant before finalizing a property especially if it is for investment purpose. Central Silk Board Junction to Jayamahal Road is part of the five signal free corridors of Bangalore City. The project is definitely bound to act as a catalyst to increase real estate prices but the project may take a long time to get completed. As of now only the feasibility report has been conducted. The plan has been given a go ahead to extend the corridor from Central Silk Board junction via Forum, Adugodi, and Langford Road junctions to Vellara junction but BBMP officials are likely to announce new bids as older bids did not attract expected revenue returns. The project is definitely going to be delayed. There is no timeline when it would be completed.
Yes there are plans in place by the government to develop Central Silk Board Junction to Jayamahal Road as part of signal free corridors. The project is expected to be delayed and may even be squashed.
According to a recent report in newspapers and confirmed by documents from BBMP, The civic agency invited tenders for the five signal-free corridors with a project cost of Rs 394 crore, but contractors have submitted bids amounting to Rs 732 crore. There is a negative feeling in the real estate circles about the possibility of such signal free corridors ever seeing the light of the day. I suggest you a wait and watch approach before buying any property along the Central Silk Board Junction to Jayamahal Road stretch.