Benefits of Metro Rail For Real Estate Sector in Bangalore
With the truly alarming rise in population, challenging infrastructure, traffic congestions in Bangalore, “Metro Rails” have come as huge relief for people. Metro rail is going to connect east-west and north-south from the city. Metro Rail is linking BMTC and Kempegowda bus stands and railway stations covering busiest residential and commercial areas. This has become one of the main attractions for Indian and international investors to find “New Growth Avenues” for development in Bangalore. The property prices in Bangalore have been deeply affected by Metro rails. The locations like Byappanahalli, Mysore Road, Indira Nagar, Ulsoor, Rajajinagar, Malleshwaram, Vijayanagar, Magadi Road and many other areas from where metro rail is passing have gained huge benefits with 15-20% rise in prices of properties. All this is because of the metro rail effects. I personally feel that Karnataka Government thinking about stretching metro rails to areas like Whitefield and Madiwala would attract more developers and investors to eyeing on these areas to start their latest projects. By this they will be in better position to en cash on top property values with fast development in these areas due to metro.In other Words it’s as though Metro Rails have become “Triggers” for exponential growth in Real Estate Sector in Bangalore. Metro rails are a fabulous answer to transportation and infrastructure issues in Bangalore leading this garden city to become one of the truly developing cities in India and having a competitive edge on other Global cities. We can proudly say that Bangalore is one among the eight cities that have metro rails. Metro rails being fast mass transit system has great impact on the development of real estate sector in Bangalore depending on its next route plans. Real estate sector are going to raise valuations to higher levels with new projects in the making. The routes along the subways of metro rail are going to be in higher demand compared to other locations for real estate mainly because metro rails would add more convenience to the people living or working nearby metro. This turns the locations to become more attractive for residential and commercial properties leading to huge rise in process due to more demand.Moreover, investment in properties is mainly considered as one of the best hedging options against inflation in this economy. And for this, Bangalore real estate sector proves to be the best and safest option for investment not only to the Indian developers, buyers and investors but also to the NRIs and foreign investors. Frankly speaking, I feel that Bangalore properties are soon going to be sold like “Hot Cakes” due to great impact of Metro Rails in this beautiful Garden City which according to me is the “Pride of India”. Investing in Bangalore real estate with the starting of metro rails has become ultimately beneficial for the buyers as now they are able to get better price quotations due to high competition. This is because of more number of developers concentrating on developing better projects in Bangalore with the major problem of commuters being solved by Metro rails. “Namma Metro Rails” are going to immensely improve connectivity in Bangalore for many locations.Practically speaking, Bangalore- apart from being IT hub is a big attraction for investors because of starting of Metro Rails. These metro rails are now going to be the lifelines of Bangalore commuters leading to fast growth of many sectors in Bangalore apart from real estate. It would not be wrong to say that Bangalore is filled with opportunities for all. It just depends on how you grab the best opportunities and change it into fortune. So, if you are looking for a dream home or an attractive property to invest your money, this is the perfect time to buy properties in Bangalore and make the smartest investment for your future. What are you waiting for……..Hurry up!