Namma Metro Phase-3 Project: Property prices to soar

23 Aug 2024 CW Team

The recent approval of Namma Metro Phase 3 of the Bengaluru Metro Rail Project by the Union Cabinet is expected to lead to a significant increase in property prices in certain areas, according to real estate experts. The project, which will introduce two elevated corridors totaling 44.65 km, is anticipated to boost property prices by over 30%, as reported by HT.

Manoj Agarwal, Founder of Agarwal Estates, predicts an immediate 10% increase in property prices, with an additional 20% rise expected in the medium term. Agarwal pointed out that even the announcement of Phase 3 has already led to a 10% rise in property prices, and developers are likely to raise prices for projects along the new metro lines within the next one to three months.

Bhavesh Kothari, Founder and CEO of Property First Realty, shared a similar perspective, noting that investors often purchase properties in anticipation of the metro's completion, causing prices to rise even before construction begins. Kothari explained that this speculative buying is common in areas where enhanced connectivity and accessibility are expected. Phase 3 of the Bengaluru Namma Metro Rail Project is set to improve connectivity between the city's western outskirts, the Outer Ring Road, and key areas in the Secondary Business District, including JP Nagar and Bannerghatta Road. Once completed, it will provide metro access across the entire ORR and link southern and western Bengaluru to Kempegowda International Airport via Hebbal.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..