The metro has proven to be one of the city's most important resources in Bangalore Real Estate. The real estate sector has gradually had an impact on Bangalore’s micro markets where the metro track runs. In metro-connected locations, property values have altered dramatically. Since last year, real estate prices in Bangalore have increased by 20%, and numerous infrastructural upgrades have also been made. The metro project will result in significant changes to Bangalore's North, East, and South. Real estate prices for both residential and commercial properties have increased dramatically as a result of Bangalore's recent metro development.
Bangalore Metro Phase 1 was finished in June 2017, which was a significant accomplishment given the city's expanding infrastructure. When the Majestic interchange between the East-West and North-South lines was finished, the amount of time required to travel along these lines was reduced by half when compared to other forms of transportation. During peak hours, it is anticipated that the frequency of one train every five minutes will increase ridership.
In addition to providing excellent economic connections with adjacent districts, the Namma Metro also connects North and South Bangalore as well as East and West Bangalore.
Phase 1 has, however, only benefited Bangalore's outskirts and centre. Since Phase 2 will link Bangaloreans to important economic hubs like Electronic City, Whitefield, and Outer Ring Road, there is a great deal of anticipation for its launch.
A number of areas of Bangalore, particularly West Bangalore, have had success with the Namma Metro. This Bangalore neighbourhood serves as an excellent example of how the installation of Metro lines transformed a peaceful, unpopulated area into a bustling real estate hub. Formerly thought of as an industrial area, West Bangalore is now home to some of the top commercial and residential complexes. The metro deserves appreciation for enhancing this location's connectivity to other worthwhile locations.
Tumkur Road is home to only magnificent apartment buildings, first-rate infrastructure, and well furnished offices. Today's Mysore Road real estate market is reputable. The value and yield of the plotted lands have significantly grown as a result of metro development. One of the first regions of the city's real estate market to expand is said to have been Magadi Road, which runs through the heart of West Bangalore. The enhanced Metro link had an impact on the opening of schools, hospitals, banks, and supermarkets in this neighbourhood.
Commuting to well-established areas in East Bangalore has increased demand for residential and commercial buildings in Whitefield, Hostoke, ITPL, Marathahalli, and Kadugodi. In light of the increased demand and rising valuation, nearly all of the well-known homebuilders have acquired land in these desirable locations, where prices are rising by 20–25 percent. Despite the traffic congestion that is currently present due to the continuing subway construction, the scenery of this location will only continue to provide excellent returns.
The metro area has gained a lot of popularity and contains areas like Yelahanka-Kogilu, Jakkur, and Nagawara as well as significant infrastructure like the International Airport. Luxurious apartment buildings and villas in Hebbal and HBR Layout are attracting investors' attention like crazy because of the metro's flawless link. The number of construction projects in Kodathi on Sarjapur Road has increased as a result of the presence of reputed IT Parks. The residential societies in this area are well known. Hennur Road has proven to be quite valuable because of its close proximity to Bangalore's central business centre and metro line. In this neighbourhood, rent and property values have climbed by about 15%.
The intelligent design of the Namma Metro bodes well for Silicon Valley's future as a real estate development and startup hub. Property values in the metro lines' close-by commercial and residential communities have already dramatically increased. This will only gain popularity if Phases 2 and 3 of the Namma Metro are completed. Overall, the prices of residential apartments near metro stations appear to be rising, making this a favourable time to purchase plots in bangalore. The connectivity that the Namma Metro proposes would have a tremendous game-changing impact on Bangalore's real estate market.
