Jun 12, 2023

Bangalore Metro: A Game Changer for Real Estate | Godrej Properties

by Godrej Properties Limited

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The Bangalore metro project, popularly known as the Namma Metro has transformed Bangalore into a metro city. Besides improving connectivity, the Bangalore metro has provided a solid boost to the fortunes of real estate in the city. Commercial and residential markets have witnessed tremendous growth, particularly along metro corridors. Today we look at the huge impact that the Bengaluru metro has had on the city's real estate landscape.

Quick Overview of Namma Metro

Namma Metro Phase 1 & 2

Currently, there are two operational metro lines in Bangalore that were completed under Phase 1. The Green Line runs from Nagasandra in the north to Silk Board in the south of Bangalore. Similarly, the Purple Line operates from Kengeri in the west to Whitefield in the east. Both lines intersect at the Majestic Station which acts as an interchange.

Under Phase 2 of the Namma Metro, the Purple and Green Lines are being further extended. Construction is underway and expected to be completed by mid-to-end 2023. The Purple Line will extend further north and south to BIEC and Anjanapura Depot, respectively. Similarly, the Green Line will connect Challaghatta to KR Puram.

Namma Metro Phase 2A & 2B

Three additional metro lines are under-construction under Phases 2A and 2B. The Yellow Line will connect RV Road to Bommasandra in the southeast. The north-south Pink Line will run from Nagawara to Gottigere, and will intersect the Green Line at MG Road and the Yellow Line at Jayadeva Junction. The much anticipated Blue Line will provide connectivity to the Bangalore airport. It will run from Central Silk Board to KR Puram-Hebbal-airport.

Impact of Namma Metro Line on Bangalore Real Estate

Below are some highlights of the Namma Metro’s tremendous impact on the city’s real estate sector:

  • Outer suburbs connected to nearby metro stations by road have received a boost and seen growth in realty value.
  • Decongestion of roads in many parts has led to renewed interest by homebuyers and thus boosted property markets.
  • A number of defunct pockets of the city such as Magadi Road and Yeshwantpur Industrial area have been revived due to the metro.
  • Malls and commercial projects have come up along metro corridors, thus boosting property values.

In conclusion, with the development of additional lines, the Namma Metro map of the city looks very interconnected. It will provide improved connectivity, enabling people to get to various parts of the city quickly and affordably.
 

Frequently Asked Questions

1.Does Bangalore have metro connectivity to the International Airport?

Ans: Under Namma Metro Phase 2B, a 39 km-long route will be constructed which will connect MG Road to the Kempegowda International Airport along the ORR, via Hebbal and Jakkur.

2.Does Namma Metro have any underground stations?

Ans: The 4.8 km stretch of the Purple Line from Cubbon Park to KSR Railway Station runs underground. Additional underground stations are planned on the Yellow Line.

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