Bangalore is a major center for information technology (IT) and has a rapidly growing population, making infrastructure and transportation projects crucial for the city’s development. These projects have a significant impact on the city’s real estate market.
One major infrastructure project currently underway in Bangalore is the Namma Metro rail project, which aims to provide efficient and reliable transportation for the city’s residents. The project, which is being implemented in phases, will eventually cover a total distance of around 42.3km and is expected to improve connectivity within the city, reduce traffic congestion and make it easier for people to access different parts of the city. As a result, the real estate market in areas that are well-connected to the Namma Metro is likely to see an increase in demand and prices.
Another major infrastructure project that is expected to have a positive impact on the city’s real estate market is the Peripheral Ring Road (PRR) project. The project, which is currently under construction, aims to provide an alternative to the city’s congested Outer Ring Road, thus reducing traffic congestion and improving connectivity. The PRR is expected to connect major industrial and residential areas and also provide easier access to the city’s international airport. As a result, the real estate market in areas that will be well-connected by the PRR is likely to see an increase in demand and prices.
In addition to these major infrastructure projects, there are also several transportation projects that are currently underway in Bangalore. For example, the city’s international airport, Kempegowda International Airport, is undergoing expansion and modernization, which is expected to improve connectivity and boost economic growth. Additionally, the city’s suburban rail network is also being expanded, which is expected to improve connectivity and reduce traffic congestion.
In summary, the ongoing infrastructure and transportation projects in Bangalore are expected to have a positive impact on the city’s real estate market. The Namma Metro rail project, Peripheral Ring Road project, Kempegowda International Airport expansion, and the suburban rail network expansion are all expected to improve connectivity, reduce traffic congestion and make it easier for people to access different parts of the city. As a result, the real estate market in areas that will be well-connected by these projects is likely to see an increase in demand and prices.
Prestige Lavender fields is an upcoming project amidst Varthur which is connected to all major areas of Bangalore.