Areas in the Bangalore West such as Magadi, Jalahalli, Mathikere and Nagarbhavi are witnessing demand for residential options primarily due to the planned connectivity. Analysts estimated residential sales volumes in 2009-10 to be in the region of 250 million sqft which was higher over 2008-09 by two-thirds.
The improved connectivity will lead to a lot of businesses coming up here and will generate employment for thousands of people. The connectivity and resulting boost for industry in this region will push demand for affordable housing in west Bangalore. The widened Sarjapur Road saw a surge in residential high rises, IT parks and new retail establishments on either side. Similarly, Bangalore West is expected to see a growth in its residential and commercial market.
The Bruhat Bangalore Mahanagara Palike’s (BBMP) initiative to widen major roads in the city will not only speed up commuting time and ease traffic congestion, it will also improve connectivity and foster large-scale real estate development along the routes.The opening of the road from Summanahalli, Magadi Road to the Mysore Road-Ring Road junction has led to a new interest in housing options in this area. The BBMP has planned major signal-free corridors that will ease traffic in this area. The BMIC’s expressway is expected to fuel growth towards Bidadi. The Tumkur Road project will enhance connectivity towards Nelamangala and reduce congestion on the ORR. The widening of the Bangalore-Mysore highway from the existing four-lane to a six-lane road has already begun.
Devanahalli, Hoskote, Attibele, Tumkur Road, Whitefield, and Doddaballapur Road are some of the areas that will benefit from proximity to the PRR. Many developers have come out with housing projects and sites in these areas. Areas along Bellary Road, Hennur Road, Yelahanka, Jalahalli, and Jakkur are emerging locations for Grade A residential developments. Tumkur Road, Hosur Road and Doddaballapur Road are emerging residential pockets for affordable housing segment.The Metro will connect residential, commercial, and industrial hubs, giving a greater impetus to realty and push up property prices.
