Metro corridor ups the property prices

Q: Metro connectivity in the west Bangalore is definitely going to increase the property prices in West. So I think this is the right time to invest here. Share your views.

Gaurang, Bangalore

21st March 2014

Real estate News in Bangalore

residential projects

real estate market

metro corridor

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Replies (9)

Introduction of new metro routes, will accentuate and spur the real estate activity in the peripheral locations, thereby paving the way for more developments and sharp increase in prices. The region, at present supports major projects from key developers in the city, offering Grade A apartments that fall in the price bracket Rs 2800-Rs 5000 per sq ft.

Krupa Vasavaraj, Bangalore

24th March 2014

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As to what extent the infrastructure growth will do wonders for the real estate market in West Bangalore ?

Gaurang, Bangalore

24th March 2014

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According to the proponents of the realty sector, real estate activity in the borderline regions has increased several notches up with the initiation of the Metro construction work. Easy connectivity to far-off zones, will broaden the scope of improvement and real estate development in the peripheral regions of the western counterpart of the city.

Somesh Venkatesh, Bangalore

24th March 2014

With the advent of the Metro Reach 3B, the peripheral locations beyond the Peenya region that till now had to bet on road transport to reach the CBD (Central Business Districts), can now take a breath of relief. The new Metro route will offer a cost-effective, convenient, time-saving mode of commuting for the people in the region. Add to it, with the initiation of the Metro work construction, several real estate projects have sprung up lately in the region.

Roshan Singh, Bangalore

24th March 2014

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The peripheral regions, on an average, account to nearly 10 percent of the total absorption in the Bangalore real estate market. As per market reports, high-rise apartment complexes and business parks now dot the landscape in the region. With the much awaited Bangalore-Mumbai Industrial Corridor hitting the streets sometime in the near future, the area is expected to gain much prominence among the buyers and investors in the long-term.

Krupa Vasavaraj, Bangalore

24th March 2014

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As it is said, residential property market and infrastructure growth go hand-in-hand. Holding this phenomenon true, the peripheral locations of West Bangalore have taken a giant leap from a densely forested region to one of the prime growth nodes of the city.

Roshan Singh, Bangalore

24th March 2014

Comment

With a host of civic projects such as the planned PRR (Peripherial Ring Road), Metro Rail and the ORR (Outer Ring Road) coupled with other small improvement works on the western counterparts of the city, the face of the borderline areas has undergone a complete transformation.

Amarnath, Bangalore

24th March 2014

According to Vestian's research, a real estate developer is expected to come up with an integrated 1.70 million sqft development in Yeshwantpur. Another well-known developer has proposed a luxury villa project near Nelamangala.

Somesh Venkatesh, Bangalore

21st March 2014

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According to Vestian's January 2014 analysis, the average annual price appreciation in this region is between 15-18 percent. However, some projects have witnessed appreciation of nearly 20-25 percent

Amarnath, Bangalore

21st March 2014

Bangalore is in talks for its metro rail network that will encompass over 100 km. The Baiyappanahalli-Puttenahalli and Mysore-Tumkur Road lines are likely to be ready by the 2014 end. The project is eyed as a game-changer and in regard to connectivity and will cut down on traffic congestion and commuting.

Krupa Vasavaraj, Bangalore

21st March 2014

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Same was the case when the M G Road-Byappanahalli stretch was opened from commuters the residential and the commercial real estate in that stretch have sprung up. The Green Line connects the mature residential areas of Malleswaram and Rajajinagar to the upcoming neighbourhoods such as Nandini Layout, Sanjay Gandhi Nagar and Kaveri Nagar. People residing in these area can enjoy the benefit of commuting at an affordable prices and conveniently avoiding traffic problem.

Somesh Venkatesh, Bangalore

21st March 2014

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the government giving consent to a higher FSI of 4 in comparison to 2.5 in the city, in regions within 500 meters of metro stations, is likely to guarantee maximum utilization of high-priced land in such corridors. As per JLL, localities adjacent to the metro stations will witness a hike in property prices in the next five-seven years.

Amarnath, Bangalore

21st March 2014

From the day the Metro line took off in Bangalore west, there has been a drastic change in the region. Integrated mixed-use developments, residential projects as well as commercial developments have rose along the corridor and surrounding areas. This is because of the seamless connectivity which will connect the old neighbourhood of Malleswaram with localities towards the peripheries.

Amarnath, Bangalore

21st March 2014

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