Bengaluru Metro: A Moving Real Estate Story
July 18, 2019
Home, now just a Metro Station away!
If you’ve lived in Bengaluru for the past 20-25 years, then chances are, you’ve seen the city evolve…and it’s still evolving! The immutable force of the city, responsible for widespread migration from different parts of the country (on account of work, education, NRIs settling once and for all) has kept Bengaluru on top of India’s real estate map. The city’s current estimated population is 1.3 crores and is expected to touch 2 crores by 2031.
In the midst of unbounded opportunities for success and a more-than-comfortable lifestyle, the city did meet one of the few inevitable by-products of this boom, traffic. While there have been several initiatives to help unclog traffic snarls through building of multiple flyovers, expanding the local BMTC bus network, offerings by private players such as Ola and Uber coupled with carpooling, it still isn’t enough for a city that’s ever expanding in all 4 corners.
Enter, the Bengaluru Metro.
Namma Metro is the second largest metro system in India. The Bengaluru Metro offers quick transport and transit between certain pockets of the city, bypassing traffic jams and bottle-necked routes. The Metro has registered record-breaking stats of commuters, especially when travelling from South Bengaluru to North Bengaluru. The metro has an average daily ridership of 4,00,000 passengers.
Advantage, Namma Metro:
The Bengaluru Metro has been a major boon in the following ways-
- Limiting pollution and control of green-house gases emissions owing to zero fuel emission.
- Improved connectivity leading to reduced travel time. What was once considered an hour-and-half long commute from Jayanagar to Yeshwanthpur is now a mere 30-minute affair through the Metro.
- Decrease in road accidents and a fair decrease in traffic congestion and jams.
- It’s cost efficient and pocket friendly.
The Metro will also go on to play an active role as a socio-economic project, providing scope for recreation, commerce and socializing for people of all age groups in their stations. The Rangoli Metro arts centre and Café Coffee Day on MG Road Metro Station is a fine example of the above.
Namma Metro: Bengaluru’s real estate influencer:
The reason we stress on the impact of the Bengaluru Metro and its stations (functioning and upcoming) is due to the bearing it has on real estate value. It is estimated that land value and rentals of residential projects within a 500m proximity to the Metro line will appreciate by at least 20%. This will only keep appreciating on completion of the pending phases. Furthermore, the proposed Metro line to Kempegowda International Airport will be a real game changer.
We foresee a situation in the not-so-distant future where a lot of people will travel 40-50 kms every day, from one end of the city to another on account of work, if it gets him/her there in an hour or less. It will lead to a change in perception that a home need not necessarily be located close to work. If there are transport options that connect different hubs and parts of the city seamlessly, this will lead to increased career opportunities and scope for employment across different parts of the city.
Salarpuria Sattva – Making ease of living, a way of life:
We are fortunate to have some of our key properties situated near prominent and up-and-coming Metro Stations:
Salarpuria Sattva Divinity, on Mysore Road, is located just 500m from the Metro Station near Rajarajeshwari Arch. The expansive residential complex boasts of a posh shopping mall and a 7-screen multiplex, that too inside the project. This is further complemented by high land appreciation and rentals. The property is a great choice for people employed in nearby tech parks such as Global Village Tech park and for families whose children study at reputed institutions like Bengaluru University and National Law School, all within a nearby radius.
We next have Salarpuria Sattva Opus, located on Tumkur Main Road. There’s nothing quite like having the Metro for your neighbour. In fact, being situated opposite the Dasarahalli Metro Station, Opus is likened to a hop, skip and jump from the Metro and into your home! Ideally located in the high growth corridor of Tumkur Main Road, the premium property enjoys seamless connectivity to the rest of the city and nearness to neighbouring area Yeshwanthpur, famous for the World Trade Center and other malls, hospitals, schools etc. Residents of Opus also enjoy distinct privileges that include Vaastu-compliant homes with best-in-class amenities and pedestrian-free driveways.
We move to Old Madras, the perfect midpoint between the city’s IT hub of Whitefield and the happening locality of Indiranagar. One of the most classy, premium elevations that stand out as a landmark on Old Madras Road is Salarpuria Sattva’s Magnificia. Close to the elevated flyover and the Byapanahalli Metro Station, this ready-to-move-in exquisite luxury property with home automation, is just 5 minutes from Indiranagar. Magnificia boasts of large open spaces, efficient use of natural light, management of space and a whole range of luxury amenities. Think of it as living the high life in Indiranagar, minus the hefty price tag of Indiranagar’s real estate value.
Salarpuria Sattva Cadenza, near Kudlu Gate Junction on Hosur Main Road, is right opposite Munneshwara Nagar Metro Station. Just 5 minutes away from the thriving Start-up hub of HSR layout, Cadenza offers opulent homes with contemporary elevation, world-class features supplemented with aesthetic interiors and luxuriously landscaped outdoors.
Salarpuria Sattva Greenage, Bengaluru’s most preferred close-knit gated communities of 1000+ families, is located on Hosur Main road. It is very close to the upcoming Oxford College Metro Station. This project also boasts of a record 100+ amenities for people of all age groups.
In summary, it’s safe to say that today, people from different demographic segments (students, working professionals, small nuclear families, large joint families) won’t mind migrating to a premium home in a suburb or corner of Bengaluru, thus ditching the previous notions of living in the heart of the city. This is all considering the element of sheer connectivity to the rest of the city, through provision of Namma Metro and other allied convenient transportation in close proximity to their home.
ABOUT SALARPURIA SATTVA GROUP:
Built on the bedrock of trust, innovation and knowledge-leadership, the Salarpuria Sattva Group is one of India’s leading Property Development, Management and Consulting organizations. Founded in 1986, the Group has set its footprints across India and is one of the most preferred brands in the country today.