Bannerghatta Road Witnesses a Boom In Real Estate

As per studies on property India, Bangalore has been witnessing a steady boom in overall residential realty demand. Additionally, demand for real estate Bangalore India is now being concentrated in areas which are witnessing huge growth in infrastructure and other civic amenities. Bannerghatta Road is a prime example of this trend according to any reputed property site in India. This is because of the Government’s initiative to widen the Bannerghatta Road to 45 meters in opposition to the decision taken by the Bruhat Bangalore Mahanagar Palike or BBMP to widen it to a maximum of 35 meters. Though this project had been on the drawing board for a long stretch of time, issues like land acquisition and infrastructural logjams kept it pending for a prolonged period of time. This news has come as a shot in the arm for realtors who are building projects on this well connected stretch. Bannerghatta Road is actually regarded as a state highway which links to places like Anekal, Jigani and more. The entire Road runs for a distance of 49 kilometers and this provides ample scope for developers to come up with premium projects here. Additionally, the proposed construction of a third lane from Nagvara till Gottigere of the Namma metro will also lead to decongestion of traffic on this important road. This lane will run right in front of the Indian Institute of Management or IIM. As anticipated, demand for quality residential properties for sale in Bangalore will rise heavily along this stretch and values of properties will escalate rapidly according to experts.

The road widening project has brought about a lot of cheer for drivers, motorists and aspiring property buyers alike. Developers are also relishing the prospect of renewed demand for residential property in Bangalore on the back of this development. However, several private lands, apartment complexes and other buildings will be acquired by the State Government for widening this road under the Transfer of Development Rights instrument. Land will also be given by several technical companies, educational institutions and hospitals for this welfare project. For aspiring investors, this is definitely the right time to snap up property in Bannerghatta Road as values are set to rise immensely in the future.