As the demand for homes in Bangalore is upbeat, new metro route is unlocking hidden corners of the city. It is one great buy-out for those smart home buyers who are waiting to grab such opportunities.
It is a well-known fact that as the infrastructure of a city develops, so does the prices of houses in that surrounding neighborhood. The prices of the land is sure to rise in the surrounding areas of Bangalore compared to the city center as the new metro train Reach 3B will connect to the corners of the city from the key locations. This trend is predicted to increase for the coming decade as the Reach 3B is all set to connect the heart-of-the-city to the south India’s largest industrial area- Peenya, Nagasandra and beyond.
It is a well-known fact that as the infrastructure of a city develops, so does the prices of houses in that surrounding neighborhood. The prices of the land is sure to rise in the surrounding areas of Bangalore compared to the city center as the new metro train Reach 3B will connect to the corners of the city from the key locations. This trend is predicted to increase for the coming decade as the Reach 3B is all set to connect the heart-of-the-city to the south India’s largest industrial area- Peenya, Nagasandra and beyond.
Building new metro links to areas that are under-developed opens up an array of potential properties that attract smart investors quickly. Metro Reach 3B has been constructed on a stretch of 42.5 kilometer and was scheduled to be operational by May 1, 2015. But due to technical difficulties the timeline has been extended to March 2016.
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Metro Reach 3B will improve the connectivity to important locations, in terms of employment, such as Peenya Industrial area, Jalahalli Cross, Dasarahalli and Nagasandra. This will decrease the time of transit from 1 hour to just 25 minutes making life easier for thousands of people in the city.
The property prices are responding according to the market. According to sources the plot value is priced at 23,000-38,100 per square yard. The value of the flat too has shown year-on-year increase of 8% in the surrounding areas such as Jalahalli. A 2 bedroom home is priced at Rs. 3,900 – Rs. 4350 per square feet.
In addition to these areas, the development of real estate has extended towards Dasarahalli. It was a long drive from city to Dasarahalli, but looks like metro Reach 3B will turn it all around in favor of Dasarahalli. With many new residential and commercial projects too mushrooming across this place it is soon to be a ‘big cheese’ among the home buyers and investors.
The flats in these areas are priced at around Rs. 70 Lacs and more, by various major real estate developers. This is just the beginning and the city is yet to witness the best. It is predicted to increase exponentially as the potential of this area will increase with the advent of Reach 3 B in March 2016.
Bangalore is one of the fast growing city in India. Also it is Silicon Valley of India. So it is very useful to invest money in real estate. according to latest serveys Bangalore is going to top position in property rates in 2016. As every one can invest with out fear as early as possible
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