Property prices around new metro line

Q: Is there any chance of property price to get hiked around new metro line?

Tamana Chopra, Bangalore

3rd March 2014

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namma metro

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Replies (5)

What is the current property price going on in Peenya, Yeshwanthpur and Rajajinagar?

Tamana Chopra, Bangalore

5th March 2014

Comment

In 2012 the property price in Peenya was Rs 3000 to Rs 3500 which has now gone upto Rs 6500 per sqft.

In 2012 the property price in Yeshwanthpur was Rs 6000 to Rs 6500 which has now gone upto Rs 8000 per sqft.

In 2012 the property price in Rajajinagar was Rs 8000 to Rs 9000 which has now gone upto Rs 10,000 to Rs 12,000 per sqft.

Armaan Saxena, Bangalore

5th March 2014

I agree Armaan, Around five residential enclaves are in various stages of completion on the Yeshwantpur stretch alone. Many builders are planning to increase the price of their ongoing projects as well.

Bala Subramanium, Bangalore

5th March 2014

Comment

The inception of Namma Metro has propelled Bangalore to develop and expand horixontally. FAR(flor area ratio) was changed from 3.2 to 4 near the metro stations, give a huge kick-starty to teh retail realty development surrounding the stations

Shazad Laskar, Bangalore

5th March 2014

I came to know that many builders have already started constructing housing projects in these areas to maximize the profits. Property price towards Peenya and its nearby areas are likely to increase at a faster pace.

Armaan Saxena, Bangalore

3rd March 2014

Comment

According to experts when the construction work was going on the property price raise by 20 to 30%. It is expected that the property price will increase by another 10% as the system is now operational. :) :)

Swati Pachasia, Bangalore

5th March 2014

I second you Armaan, According to sources, Property prices in areas that are situated on either side of the recently commissioned are likely to appreciate by around 30 %

Shazad Laskar, Bangalore

3rd March 2014

Comment

When the metro between MG Road and Baiyappanahalli started the property price along this stretch have gone up. I feel the property prices around the newly commissioned Metro line are expected to soar in the coming months.

Armaan Saxena, Bangalore

3rd March 2014

Comment