IN­FRA­STRUC­TURE PUSHES GROWTH

HT Estates - - HTESTATES -

The re­cent in­fra­struc­ture projects in Ben­galuru have been largely re­spon­si­ble for pro­vid­ing ac­cess to newer mi­cro- mar­kets and eas­ing their mo­bil­ity re­stric­tions, be­sides de­con­gest­ing older mi­cro-mar­kets.

Good mo­men­tum in in­fra­struc­ture projects has been ob­served with the ini­ti­a­tion of the ex­pan­sion of the in­ter­na­tional air­port and the el­e­vated ex­press­way on Bel­lary Road, thereby aid­ing home prices, as well as the de­vel­op­ment of the stretch con­nect­ing Heb­bal and KR Pu­ram as a largely sig­nal free-cor­ri­dor. This will greatly sup­port the res­i­den­tial devel­op­ments in these two ma­jor mar­kets.

The Metro rail is among the most am­bi­tious projects de­signed to cover all the cor­ners of the city. Once all the phases of the Metro are com­pleted, there will be a con­sid­er­able im­pact on the res­i­den­tial prices along the nodes. Mean­while, the res­i­den­tial mi­cro-mar­kets along the re­cently com­menced Sampige Road– Peenya Metro rail stretch to­wards west Ben­galuru are pro­jected to re­ceive an im­mense amount of in­ter­est from home­buy­ers in the forth­com­ing months.

This can be at­trib­uted to faster con­nec­tiv­ity to their work­places, fa­cil­i­tated by the Metro rail. Vast de­con­ges­tion of traf­fic bot­tle­necks to­wards the city cen­tre is ex­pected to take place, re­duc­ing the travel time by road as well. More­over, there ex­ists good po­ten­tial for price ap­pre­ci­a­tion in the res­i­den­tial mi­cro-mar­kets along this stretch, which would at­tract in­vestors from other re­gions.

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