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Posted by Infrastructure development in Bangalore is witnessing an incredible surge. As the city expands, these projects significantly impact its real estate landscape, driving up property values. New roads, public transport, and tech hubs are reviving previously undeveloped areas. This increased infrastructure development is driving up demand for flats in East Bangalore and plots in various parts of the city, as more people look to invest in these growing areas. With so many infrastructure projects on the horizon, it’s a great opportunity to explore just how these projects are going to change the game for the real estate market of the city.
Key Infrastructure Projects
Several exciting infrastructural projects line up to transform Bangalore’s property space, especially for areas like East Bangalore and Sarjapur Road, where, as of date, commercial as well as resident demand is running high.
Metro Rail Expansions
The metro network is rapidly becoming more extensive, connecting areas that were relatively far off from the city core. These new routes will increase accessibility, reduce congestion, and raise demand for apartments in East Bangalore. This development promises easy travel to key districts.
Satellite Town Ring Road (STRR)
The STRR will help alleviate traffic congestion through the bypass it provides around the city core connecting major suburbs and satellite towns. During the project’s development, property demand, especially plots in Bangalore, will increase due to increased accessibility.
Peripheral Ring Road (PRR)
The PRR will connect the important outskirts roads such as Bellary Road and Old Madras Road. Thus, connectivity between the residential and industrial zones will improve. Areas such as Sarjapur Road are getting connected; thus, apartments in Sarjapur Road will get a better response from the buyers.
Tech Parks and SEZs in East Bangalore
East Bangalore’s IT parks and SEZs have turned the area into a business destination, making the demand for nearby residential properties high. Expansion of these zones will boost the requirement for premium apartments.
Impact on Property Values
Generally, infrastructure developments directly result in a rise in property values because of more connectivity, increased amenities, and easier accessibility. Places connected through metro stations, highways, and tech parks experience a massive upsurge in the demand for properties. In the case of Bangalore, when new projects like Metro Rail expansion as well as PRR come into effect, it’s bound to trigger higher demand for cities outskirts, pushing property prices upwards.
For instance, areas along the upcoming lines of Metro Rail, especially in East Bangalore, will see an increase in demand for residential properties.
Case Studies
To understand the potential for increased property values, consider some real-world examples of how infrastructure projects have influenced other parts of Bangalore.
Whitefield and Electronic City
Whitefield and Electronic City have received major infrastructure development, including the Metro Rail’s Purple Line and the Outer Ring Road expansion. In the last decade, property prices in these regions have gone up manifold with increasing connectivity, thereby attracting developers as well as homebuyers. These projects have been quite successful, indicating the same for future projects like the PRR and Metro Rail when they are extended to places such as Sarjapur Road and East Bangalore.
Bellandur, Sarjapur Road
Another case study is Sarjapur Road, which has already proved to be one of the most sought-after residential corridors. This is so because of the proximity to IT hubs and other proposed infrastructure projects. With the present development, investors are anxiously watching this area as infrastructure projects promise to boost the value of properties further.
Conclusion
In conclusion, all the above-mentioned upcoming infrastructure projects are bound to drive property values upward across the city. The new expansion of the metro system and the development of major road projects such as STRR and PRR would enhance connectivity. Tech parks and SEZs in East Bangalore will connect those areas which are once beyond access. This will further increase the demand for residential properties, especially apartments in East Bangalore and luxury apartments in Sarjapur Road.This infrastructural boom can be well beneficial for the investors in Bangalore if they invest in plots and other real estate projects here. As the developments come up, property prices will shoot up, and early movers will have a good opportunity to benefit.