Bengaluru-Mysuru expressway, Kengeri metro, a boost for real estate

31 Aug 2021 CW Team

The 10 lane Bengaluru-Mysuru expressway’s purple line may boost the real estate sector, especially Mysuru Road projects.

On Monday, the Mysuru Road-Kengeri metro project commenced and the expressway project is likely to be completed by October 2022.

Mani Rangarajan, Group chief operating officer (COO), Housing.com, Makaan.com, and PropTiger.com, told the media that the metro along the Mysuru Road would help in better connectivity of Kengeri and adjoining places like Kumbalgodu and Bidadi, along with commercial areas.

He also said that the areas near the metro corridors come under transit-oriented development (TOD) policy, which promotes high-density and mixed-use residential areas that further improves permissible Floor Area Ratio. The metro corridor and TOD will benefit the localities along the Mysuru-Road-Kengeri area.

The first phase of the completion is likely to increase 30% residential absorption in off-centre and western regions. Besides premium and luxury segments, there would be micro-units, professional housing, rental housing, and services apartments, Rangarajan said.

Mathan said that rent prices increased by 11% year-on-year (YOY), while rents for villas and bungalows increased by 195% YOY. In terms of sales, localities saw a 37% increase in the cost of apartments.

Several real estate sectors are taking advantage of the metro corridor project, but some have tied up with the Bangalore Metro Rail Corporation Limited (BMRCL). Embassy Group is funding the Bettahalasur and Kadubeesanahalli stations. Prestige Group is funding the Kodibisanahalli station. Other companies that tied up with BMRCL are Intel Technology, Infosys Foundation, and Biocon.

According to an official, Biocon and Infosys are Corporate Social Responsibility (CSR) trusts. The other firms have signed a Memorandum of Understanding (MoU) to contribute. Embassy Group and Prestige have been provided free lands, each at one location.

On speaking of the real estate firm benefiting from the metro, he said that by the new projects, they could contribute to metro projects. The Karnataka Town and Country Planning Act and Rules have made their way towards the project.

Metros passing through those areas means less traffic, safe, and faster mode of transportation for employees, besides being a part of the infrastructure projects. BMRCL allows advertisement rights and retail space in stations for 30 years. It will provide direct access from stations to private properties through ramps and sideways. The firms will have to manage the stations according to the terms of the agency.

Image Source

Also read: Mumbai Metro Line 5 to cross over Kasheli creek in Bhiwandi

The 10 lane Bengaluru-Mysuru expressway’s purple line may boost the real estate sector, especially Mysuru Road projects. On Monday, the Mysuru Road-Kengeri metro project commenced and the expressway project is likely to be completed by October 2022. Mani Rangarajan, Group chief operating officer (COO), Housing.com, Makaan.com, and PropTiger.com, told the media that the metro along the Mysuru Road would help in better connectivity of Kengeri and adjoining places like Kumbalgodu and Bidadi, along with commercial areas. He also said that the areas near the metro corridors come under transit-oriented development (TOD) policy, which promotes high-density and mixed-use residential areas that further improves permissible Floor Area Ratio. The metro corridor and TOD will benefit the localities along the Mysuru-Road-Kengeri area. The first phase of the completion is likely to increase 30% residential absorption in off-centre and western regions. Besides premium and luxury segments, there would be micro-units, professional housing, rental housing, and services apartments, Rangarajan said. Mathan said that rent prices increased by 11% year-on-year (YOY), while rents for villas and bungalows increased by 195% YOY. In terms of sales, localities saw a 37% increase in the cost of apartments. Several real estate sectors are taking advantage of the metro corridor project, but some have tied up with the Bangalore Metro Rail Corporation Limited (BMRCL). Embassy Group is funding the Bettahalasur and Kadubeesanahalli stations. Prestige Group is funding the Kodibisanahalli station. Other companies that tied up with BMRCL are Intel Technology, Infosys Foundation, and Biocon. According to an official, Biocon and Infosys are Corporate Social Responsibility (CSR) trusts. The other firms have signed a Memorandum of Understanding (MoU) to contribute. Embassy Group and Prestige have been provided free lands, each at one location. On speaking of the real estate firm benefiting from the metro, he said that by the new projects, they could contribute to metro projects. The Karnataka Town and Country Planning Act and Rules have made their way towards the project. Metros passing through those areas means less traffic, safe, and faster mode of transportation for employees, besides being a part of the infrastructure projects. BMRCL allows advertisement rights and retail space in stations for 30 years. It will provide direct access from stations to private properties through ramps and sideways. The firms will have to manage the stations according to the terms of the agency. Image Source Also read: Mumbai Metro Line 5 to cross over Kasheli creek in Bhiwandi

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..