Several ongoing infrastructure projects in Bangalore are likely to be completed in 2019. The developments underway will not only address the connectivity issues in the city, but will also spur realty growth in the nearby areas. Here is the list of the critical infrastructure projects expected to be operational in 2019.
Typically, infrastructure projects have been a springboard for the city’s realty growth. Bangalore is also expected to reap increased benefits from several infrastructure projects scheduled for completion in 2019. The developments will not only create hassle-free connectivity links for city residents but would also rekindle realty growth in the neighbouring areas. Some of the important infrastructure projects anticipated to be completed in 2019 include:
The eight-lane corridor between Okalipuram Junction and Fountain Circle that commenced in 2015 is expected to be open for public use in 2019. The signal-free corridor will comprise loops, underpass, and under bridges that would augment the overall connectivity between Okalipuram Junction and Fountain Circle. Key areas that are likely to be benefitted by the development include Rajajinagar, Basaveshwaranagar, Nagarbhavi, and Vijaynagar.
For easier commutation, following routes can be followed:
Expansion of Namma Metro
The metro line 2 and line 4 extensions from Mysore Road to Kengeri and Yelachenahalli to Anjanapura Township up till NICE Road respectively, are likely to see the light of the day in 2019.
The 8.8 km route between Mysuru Road to Kengeri will have stations at Nayandahalli, Rajarajeshwarinagar, Pattanagere, and Mailasandra, and the 6.6 km long extension on line 4 will have stations at Anjanapura Road Cross, Krishna Leela Park, Thalaghattapura and Anjanapura Township.
The ongoing development has already created an upward pressure on the property prices of nearby residential micro-markets, and once the project becomes operational, it will further prove to be an important game changer. For instance, micro-markets such as Mysore Road and Kengeri have reported a four and two percent growth in their average capital values, QoQ. Besides, the rental housing, too, is expected to report an upswing along the belt in the coming time.
The construction of elevated corridors also moves closer to fruition in 2019. According to Bruhat Bengaluru Mahanagar Palike (BBMP), the 2.4 km long flyover from Kendriya Sadan Junction to the Ejipura Main Road Junction in Koramangala, Southeast Bangalore is anticipated to be operational by November 2019. “The development will bring relief to hundreds of commuters travelling from Electronic City to Indira Nagar. As of now the heavy vehicular traffic at Sony Junction, Ejipura Junction and Kendriya Sadan is a grave concern for commuters. However, once the project becomes operational, it will imbue the much-needed respite amongst daily travellers,” shares Kareem Pir Khan, Managing Director, Network Ventures, Bangalore.
A runway at Kempedowga International Airport (KIA)
In a bid to accommodate the increasing number of air travellers, a runway has been proposed at the Kempegowda International Airport (KIA). The runway will be four meters long and 45 meters wide and will be the first of its kind in the country. It will support 55 air traffic movements per hour and will be equipped with advanced CAT III (B) instrument landing system, ideal for different types of aircraft including Airbus A380 and Boeing 747-8. The project is touted to be operational in October 2019. Besides, an additional runway has also been finalised, which is scheduled for delivery in 2022.
While these projects are anticipated to see completion, an important long-pending project is set to start in 2019. The Bangalore Development Authority (BDA) is likely to commence the groundwork on the long-deferred Peripheral Ring Road (PRR) that will connect Tumkur Road to Hosur Road via Airport Road. A part of the stretch has already been completed by NICE Road that links Tumkur Road to Hosur Road via Mysore Road. The project outlay of the project is Rs 17,000 crore and is expected to be operational by 2022.
Overall, the year 2019 can be touted as a promising year for Bangalore on infrastructure and real estate front since developments mentioned above will not only boost intra-city connectivity but will also revive realty growth in surrounding areas.
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