Bengaluru Purple Line

What the Kengeri-Whitefield Metro linkage means for real estate along the Purple line

The long-awaited metro corridor between Kengeri in West Bengaluru and Whitefield in the eastern IT corridor, covering a distance of 40 kilometres, became fully operational this month.

The completed metro line connects the western parts of Kengeri township and the eastern IT corridor to the central business district of MG Road

Here is how the completed metro will impact real estate sectors in Bengaluru:

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Will impact real estate

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Rents to get a boost

Real estate brokers say that the rental appreciation will be at least 20-30 percent within two years for the same properties in prime areas along the metro line.

Capital investments along metro line to witness gradual growth 

Experts say the capital prices in prime areas along the metro line have already jumped 20-30 percent. Over the next 3-5 years, such places will only see a 5-10 percent appreciation in capital investments.

Suburban areas to witness increase in demand

The metro connectivity will have effects beyond the line’s immediate catchment area. The outskirts of KR Pura and Whitefield will start seeing more demand.

Last-mile connectivity is still a major issue

A lack of last-mile connectivity and infrastructural failures like floods will impact real estate prices. Experts say areas suffering from these challenges are witnessing a dip in residential rentals.