Metro pushes property prices in Bangalore
As Namma Metro begins to improve connectivity in Bangalore, property prices have gone up in many places.
Localities like Baiyappanahalli have witnessed a massive surge in property rates as metro line connects it to the central business district around MG Road. Purchase rates of built up properties and vacant plots have gone up alongside.
Property rate worth Rs 2,500 per sq ft have risen up to Rs 5,500 per sq ft. Besides providing fast connectivity, metro connections have affected the construction rules, too, as it has allowed increase in the floor area ratio (FAR) from 3.2 to 4 for properties in a 400-metre radius of metro stations.
The East-West corridor from Baiyappanahalli Terminal to Mysore Road (18.1 km) and along the north-south corridor from Hesaraghatta cross station to Puttenahalli cross (24.20 km) – have seen surge in property rates.
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Baiyappanahalli, Bangalore, central business district, Central Business District areas Bangalore, construction rules, Floor Area Ratio (FAR), MG Road, Namma Metro, Namma Metro Bangalore, Property rates
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