The long-awaited Bangalore Metro (Namma Metro in Kannada), which is expected to be completed by March 2016, has come as a boon for property developers. The realtors are witnessing huge appreciation in property prices ever since the construction for this large infrastructure project began way back in 2007. Property prices have increased by up to 450% along the corridors of Metro.
According to real estate experts, the demand for properties – land, office space and even residential space – along the stretch between MG Road and Baiyappanahalli on the East-West Corridor and Yeshwantpur, Kanakapura Road, J P Nagar, Jaya Nagar on the North-South Corridor has increased manifold. This has resulted in property prices shooting up enormously.