Realty gets a Metro boost
Real estate market researcher R.Y.N. Rao had always said that for a city always short of solutions for commuter connectivity, Bangalore Metro would be a dream come true. ‘Its seamless connectivity will give the much-needed fillip to real estate all along its route. Even before the Metro commenced operations, there was a 15 to 20 per cent increase in real estate prices in the Byappanahalli and CMH Road stretch. M.G. Road, being already saturated, will not see a rise now, but once the entire Reach 1 service commences, prices will go up.’
Infrastructure projects bring with them development and all-round growth of the area. Bangalore’s Namma Metro is no different, and the areas along the Metro corridor are already reaping the benefits of this urban transportation project, feels Suresh Hari, Secretary, CREDAI Bengaluru.
After the Namma Metro East-West line of Reach-2 from Magadi Road to (Nayandahalli) Mysore Road Metro Station, the latest to benefit is the stretch from Peenya Industrial Estate to Nagasandra, suburbs in the northern part of the city. This stretch was opened recently, and will prove to be a major boon to residents commuting to Majestic and beyond.