The corporation has recognized 10,20,200 square mt (102.02 hectares) of land for implementation of the phase and as per the detailed project report (DPR), Rs 5,000 crore has been set aside for the procurement of government and private lands.
Out of this, about 6,45,964.93 sq mt of land has been acquired (1,87,892.63 square mt of government land and 4,58,072.30 square mt of private land), 3,74,235.07 square mt of land is yet to be acquired.

Of the Rs 5,000 crore, the BMRCL has already paid around Rs 2,704.82 crore for acquiring 60 percent of the land since the beginning of the work and they are yet to acquire rest 40 percent of land for the second phase of Namma Metro, Bengaluru. The land acquisition cost for Namma Metro Phase II is turning out to be a costly affair for BMRCL.

Going by the statistics about the land acquired obtained through Right to Information Act, the corporation has reserved about 18 percent of the funds of the total estimated cost of Rs 26,405.14 crore for phase-II. Of the 18 percent, 10 percent has already been spent on land acquisition.

Meanwhile, the BMRCL had spent about 2,305.90 crores on the acquisition of 12, 76,338.27 square mt of land for implementation of Metro phase-I for 42 km. It had obtained 71 government properties and 999 private properties for implementation of Phase-I. The projected total cost of the Namma Metro Phase-I was Rs 11,609 crore, but it was changed to Rs 13,845 crore later. As per the details, about 16 percent of the total cost of the project was spent on land acquisition for phase-I.

Special Land Acquisition officer, BMRCL, Mr. Channappa Goudar said the corporation has acquired about 54 percent of the land required for implementation of Namma Metro Phase-II and land for depots is yet to be acquired.

The new phase of metro is expected to be completed by March 2021 as per deadline set by BMRCL. Ahead of this, the real estate community looking forward and say investment in property along the corridor will give good investment returns. The demand for both residential properties and commercial properties in the region are expected to upsurge. Once Namma Metro Phase II is completed, the neighborhood along the corridors is expected to see a great impact on real estate sector in the city.