Bannerghatta road, initially used as a highway connecting to different parts of the city, is slowly becoming a pulsing hub of real estate in Bangalore. With plans for vast infrastructure development, Bannerghatta road is setting up to become a lucrative market for new home buyers in the city.
Bannerghatta road is one of the busiest in the city, connecting to prominent areas such as Kormangala, JP Nagar, BTM Layout and other peripheral locations. And with so much ongoing activity, it is all set to cater to the crowds of Bangalore through an infrastructure boost that will only improve the connectivity and development in the area.
Widening Of Bannerghatta Road
Bannerghatta road is a 50 km stretch that boasts of 3.5 million sq ft of office spaces along the way, as well as schools, hospitals, malls and residential projects setting up camp here making it a critical part of the city. With so many commuters, traffic hassles and daily jams have become a common thing in the area. To tackle this issue, the State Government has allocated a budget for the widening of the primary Bannerghatta road for approximately 7.5 kms. The entire stretch of road from Jedi Mara Junction up until NICE Road will be widened to 45 meters from its existing 30 meter width.
With a broader road, traffic snarls will be resolved making travel a lot easier for the frequent commuters.
Enhanced Connectivity To Other Parts Of The City
Bannerghatta road is conveniently connected to the eastern side of the Outer Ring Road as well as the Hosur Road Expressway making it easily accessible to different parts of the city. In the second phase of the Metro development plan also, South Bangalore is set to see better connectivity through a line joining the northern peripheries with Gottigere on Bannerghatta road which will even extend to the airport at a later stage.
Social Infrastructure Development
The Bannerghatta road region has seen the development of many prestigious schools, hospitals and exciting entertainment destinations in recent times. With prominent malls, shopping complexes, theaters and other infrastructural facilities taking place in this area, it is becoming more and more favorable for new buyers to consider a real estate investment here. Esteemed schools and colleges are setting up base on Bannerghatta road considering the real estate boom that is expected to happen.
With an increasing number of facilities, amenities and a push for infrastructure development, the Bannerghatta real estate segment is all set to soar. All these factors are leading to a rise in capital values in the area and the Bannerghatta real estate market is inching towards becoming a prime option for investors and home buyers.