Bangalore metro escalating property value
The under-construction Namma metro in Bangalore has already pushed up the property values. The end-users, developers, realtors- all have been considering the metro as an asset with the construction underway.
In the areas through which metro track passes like MG Road, Trinity, Indiranagar and Byppanrahalli, residential property values have witnessed a 15-20 per cent hike in values in past six months.
Similarly the commercial sector too witnessed a 10-12 per cent escalation in leasing values in the past few months.
Areas witnessing maximum appreciation are Yehlanka, Electronic City, BTM Layout, Jayanagar, Puttenhalli etc. The metro is proposed to connect North, East and South Bangalore and also to improve the accessibility of sub urban localities with the city.
To read more real estate news:
Credai Bangalore aims at affordable pricing in residential sector
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[...] Bangalore metro escalating property value [...]