City’s real estate giants have set their sights on the Namma Metro route map. With the mass rapid transit soon to begin its operations from Byappanahalli to MG Road, the demand for land has increased and the prices of property, along the Metro alignment, have skyrocketed to a whopping 15%.
Besides Ramamurthynagar, Kasturinagar, Banaswadi, Indiranagar, CMH Road, Halasuru and MG Road, real estate biggies are exploring options around Jayanagar, RV Road, Malleswaram, Yeshwantpur, Peenya, Magadi Road and Mysore Road, where the Metro network is expanding.
“Ever since the Metro work began, realty business has seen a 10% to 20% growth,” said Ganesh Vasudevan, vice-president and business head of indiaproperty.com, a web-based real estate agency.
Karun Varma, MD, Jones Lang LaSalle, said, “Areas, like Madivala and Whitefield, have seen massive real estate activities. Metro would come as a huge relief, connecting the north-south-east-west corridors of the city.”
Both Vasudevan and Varma hinted that a number of MG Road and central business districts are coming up in the city, making it more opportune for both Metro and the real estate business as a whole.
Besides Ramamurthynagar, Kasturinagar, Banaswadi, Indiranagar, CMH Road, Halasuru and MG Road, real estate biggies are exploring options around Jayanagar, RV Road, Malleswaram, Yeshwantpur, Peenya, Magadi Road and Mysore Road, where the Metro network is expanding.
“Ever since the Metro work began, realty business has seen a 10% to 20% growth,” said Ganesh Vasudevan, vice-president and business head of indiaproperty.com, a web-based real estate agency.
Karun Varma, MD, Jones Lang LaSalle, said, “Areas, like Madivala and Whitefield, have seen massive real estate activities. Metro would come as a huge relief, connecting the north-south-east-west corridors of the city.”
Both Vasudevan and Varma hinted that a number of MG Road and central business districts are coming up in the city, making it more opportune for both Metro and the real estate business as a whole.
No comments:
Post a Comment