Metro Set To Push Rates Of Properties In Bangalore

The metro countdown is over.With the launch few days back

, many are looking at the Metro for what it will mean to the city in the month ahead in respect to the real state and how it will affect the rates of flats in Bangalore or the real state Bangalore.

The Metro promises to be a game changer for the properties in Bangalore. Going by what the ORR and more recently the six lane of Bellari road have done for the property in Bangalore, the prospect from the Metro is much more. These roads bring the connectivity to specific locations connecting several apartments in Bangalore and shoot the prices of Bangalore Property and homes in Bangalore. This connectivity is limited to vicinity whereas the Metro networks the entire city. Along with the connectivity, it is also a mechanism that delivers the target audience to the doorstep, a step ahead of the connectivity that the road entails.

So what does it mean to the reality sector and more importantly the investors who intends to buy flats in Bangalore or want their own homes in Bangalore?

Property in Bangalore in the vicinity of the metro corridor, to begin with, will acquire a 'premium tag'. With the Metro passing through the two premium commercial properties in Bangalore, the convenience to connectivity will demand for commercial space to begin with. Apartments in Bangalore and other commercial properties in Bangalore will find the connectivity a boon with more footfalls, leading to higher value for the strategically laid Bangalore property.

That brings up the question what strategically located means? While walking distance from the stations is certainly a strategic location, convenience through the feeder bus is also a strategic location. Most of the builders of apartments in Bangalore will try to lure the benefits of these services. In context of the real estate dynamics, locations have many connotations. A property can be termed as "premium" if it is on a main road. Now those apartments in Bangalore which are connected to the metro directly by virtue of being near a Metro Station or metro feeder bus services are likely to shoot up their prices. The impact of such a location will be more obvious when the entire network will be completed. However, a property with this potential will be a value buy, especially if it is in the proximity of ongoing metro construction work and therefore at a discount.

The demand for properties in Bangalore is picking up. Rentals have gone up since the last few months as the Metro launch was expected. More businessmen are looking for properties in Bangalore connected by the Metro. This will happen to the other Metro corridors too. While many heave a sigh of relief that parking woes will be a thing of past, there are many other angles to the Metro too. The convenience of shopping is one that is waiting to be discovered. To the shoppers connected by the metro, it is a cause for celebrations.

by: Jason

POST COMMENT

How To Buy Investment Properties In Good Canadian Cities For Under $100,000 Crystals - Apophyllite Metaphysical Healing Properties Residential Properties In Parel Utah Foreclosure Defense - Checklists To Be Considered For Buying Foreclosure Properties Tips For Buying Countryside Properties In Bulgaria Why Panama Properties Are An Outstanding Investment Types Of Sunny Beach Properties What To Look For In Bulgarian Sunny Beach Properties Different Sunny Beach Properties Mumbai Properties Rise In Rates Of Mumbai Properties High Mill Has Excellent Casting Properties Of Cast Iron Things To Consider Before Buying Investment Properties