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Metro work pushes property prices in Bangalore

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The Metro Rail is at various stages of construction at prominent locations across the city. In the localities that the Metro will traverse through, there is much scope for realty development. This growth can be seen in the route of Reach One, where the entire stretch from Baiyapanahalli to M G Road has transformed the way we perceive a mass transit system. Realty development here has not only taken place along the Metro route but also much beyond to the localities in the vicinity paving, the way for mixed land use and other such realty-related developments.
Here are a few sections of the Metro Rail that hold promise and will be ready soon. The Metro work along these routes has already begun and is almost in the finishing stages.
Malleswaram-Yeshwanthpur. This is the most populated stretch on this route. Around 65 percent of work is completed in Yeshwanthpur, Soap Factory, and Mahalakshmi Layout stations, while 63 percent of work is completed in Rajajinagar, Kuvempu Road and Srirampura stations. The areas served under this belt will be the oldest layouts of Malleswaram and Rajajinagar. Yeshwanthpur has already geared up for this sweeping change that the Metro will bring into the region. The area is now a bustling locality with malls, integrated townships, residential units and infrastructure projects like the elevated road to Peenya.
Magadi-Mysore Road Terminal. This route of the Metro which connects Magadi Road to the busy Mysore Road will provide the much-needed connectivity to the south from the west of the city. Around 99 percent of the works at Deepanjalinagar Station has been completed. Construction of concourse level and platform level pier and pier arm at Magadi Road has been completed. This has also been achieved at Tollgate, Hosahalli and Vijayanagar stations. Constructions of off-road structures like staircase work at all the stations are in progress. Overall progress of work completed in stations is 58 percent. This project, when complete, will not only serve as a vital connectivity link, but will also bring in the much-needed development to the region.
Yeshwanthpur-Peenya Depot. The stretch from Yeshwanthpur to Peenya Industrial Area is one of the main industrial hubs in the city. The region already has the elevated road which has significantly reduced travel time for those commuting between Dabaspet and Peenya. However, the Metro Rail will further augment the connectivity to the region and give a boost to industrial growth too.
Peenya-Hesaragatta Cross. The stations at Jalahalli, Hesaragatta and Dasarahalli are at different stages of construction and this will further act as a vital link to the proposed Phase II of the Metro Rail project to the international airport. When this happens, Doddaballapur Road, Hebbal and those surrounding areas of Devanahalli will be benefitted.
K R Market-R V Road. With nearly 93 percent of work completed in K R Road, 88 percent of work in Lalbagh, 67 percent in South End Circle Stations, the Metro Rail work has been progressing at a rapid stage in the south of the city. Around 79 percent of work is complete in Jayanagar, and 78 percent of work is complete in R V Road Station. This will benefit thousands of commuters in the city’s oldest and well-established localities.
R V Road-Puttenahalli Cross. With the overall work at all the stations along this route nearly 41 percent complete, localities such as Banashankari, J P Nagar, and Puttenahalli Cross will see widespread appreciation of property prices.
Source: Times of India

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