Upcoming Bengaluru Transit Infrastructure Projects
According to a report by Bengaluru Urban Infrastructure, "the upcoming Bengaluru Transit Infra Projects will benefit real estate development in various metro cities". According to a study by Knight Frank, these infrastructure projects are being implemented under different models, costing more than $10 billion. 24 specific locations have been identified that will benefit from these Transit Infrastructure Projects. More than 120 kilometers and 200 kilometers of metro and road projects are currently under construction in Bengaluru.
What are Transit Infrastructure Projects?
Transit Infrastructure Projects are designed to improve connectivity between residential and metropolitan areas. This improved connectivity enhances opportunities for employment, healthcare, and education. Metros, highways, and bridges are some examples of such projects.
Benefits of Bengaluru Transit Infra Projects
It is expected that these Bengaluru Transit Infra Projects will boost large-scale real estate development across 24 important locations in Bengaluru city. These projects will be particularly beneficial for commercial sectors, especially those office hubs located in isolated areas that require better connectivity, primarily via public transport facilities. It is estimated that between 2021 and 2025, projects like Bengaluru Metro Phase 2 and its extensions will be completed. Other major road projects, such as the peripheral ring road, suburban rail network, and satellite town ring road, are likely to be completed after 2025.
Markets expected to be impacted by these transit-oriented infrastructure projects include:
- Whitefield
- Bellandur to Marathahalli Belt
- Mahadevapura to KR Puram Belt
- Electronic City Phase-1
- Electronic City Phase-2
Rajani Sinha, National Director and Chief Economist - Research, Knight Frank India, has quoted that:
"Development of Bengaluru transit infra projects will not only improve connectivity. It also reduces the traveling time to major office hubs and employment locations. These huge upcoming infra projects would also boost the real estate market."
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