Some of the key transit infra projects in Bengaluru, including metro and roadways, will unlock possibilities for large-scale real estate development across 24 key locations in the city. It is estimated that 127 kilometres (km) of metro and 270 km of road projects are under various stages of construction in the city. Bengaluru Metro Phase 2, Extensions and New Lines are expected to be completed between 2021-2025. The major road projects – Peripheral Ring Road (PRR), Satellite Town Ring Road (STRR) and Suburban Rail Network are likely to be completed beyond 2025.
All these projects are being implemented under various models at an estimated cost of more than $ 11.4 billion. These projects will bring new locations to the forefront and will also be instrumental in driving incremental real estate development across some of the well-established office hubs as also isolated locations which needed public transport connectivity. According to Knight Frank Research’s analysis, 24 locations have been identified to benefit from the transit-oriented infrastructural development in the city.
In its latest city report: ‘Bengaluru Urban Infrastructure Report 2020 –A Comprehensive Take on Major Transit Oriented Infrastructure Projects with Key Impact Markets’. Knight Frank assesses the impact of the current transport infrastructure projects on the real estate sector and thereby understands that the identified locations across the city are expected to benefit due to ease of travel.
Once operational, this 15.5 km elevated metro line under Phase 2 Extension on Baiyappanhalli ßàWhitefield route is expected to bring a considerable reduction in the travel time from Whitefield to K.R. Puram by 39 minutes during peak hours.