Namma Metro Phase-3 Project: Property prices to soar
RAILWAYS & METRO RAIL

Namma Metro Phase-3 Project: Property prices to soar

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code