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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..