INFRASTRUCTURE PUSHES GROWTH
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.