How Bangalore Metro phase-2 will lift the property prices in IT City?

Bengaluru News

With phase-II of Bengaluru metro or popularly known as ‘Namma Metro’ currently under construction, the real estate market of the surrounding areas is all set to boost in the next few years. Areas like Vittal Mallaya Road, Kanakpura Road, Dollars Colony, Bellandur etc. which have emerged as residential areas in recent years will not only get a boost in the property prices but will also gain traction among homebuyers who are looking to invest in these areas.

Bengaluru Metro which has commenced its operation in 2011 currently has 41 working stations. On the other hand, phase-II, which is said to be operational by 2024, will cover some of the most famous and populous corridors of the city like Kanakapura Road, Whitefield, R V Road, Bommasandra, and Electronic City.

Due to easy reach and better connectivity, many leading developers of the Bengaluru have planned to develop there housing projects here. In recent times, many new housing projects, especially in the affordable housing segment, have been launched by the developers; which has attracted many homebuyers to register a new property in regions. Regions with IT hubs like Whitefield and Electronic City have seen a fueling real estate market due to this development.

As most of the property being launched or developed in the affordable segment, homebuyers are seen readily investing in areas like Whitefield, Bellandur, and Bommasandra. One can easily get a 1, 2 and 3 BHK residential units in various size and configuration at pocket-friendly prices.

Some of the famous residential projects in these areas are Brigade Cornerstone Utopia, Prestige Lakeside Habitat, Embassy Pristine, Orchid Lakeview, Provident Central Park, Salarpuria Sattva Misty Charm etc.