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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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.
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.
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.
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.