BBMP TO TAKE UP WIDENING OF 120 ROADS - A LONG NEEDED SOLUTION

Apr 01, 2025
BBMP TO TAKE UP WIDENING OF 120 ROADS - A LONG NEEDED SOLUTION

Road Widening: A Long-Needed Solution


Urban congestion has been one of Bangalore's most pressing challenges. The BBMP has outlined an action plan worth ₹694 crore to widen and modernize 118 roads as per the Revised Master Plan 2015. Despite earlier setbacks due to high land acquisition costs and issues with TDR compensation, the civic body is determined to move forward with this large-scale project.


Key Highlights of the Road Widening Project


  1. Widening of 120 Roads: The civic budget outlines an action plan worth ₹694 crore for the modernization and expansion of 118 roads as per the Revised Master Plan 2015.
  2. ₹100 Crore for Land Acquisition: To address past hurdles, the budget has earmarked ₹100 crore for direct land acquisition, ensuring the smooth execution of projects.
  3. Redevelopment of ORR (Outer Ring Road): A massive ₹400 crore project will upgrade the 22.7 km stretch from Central Silk Board to K.R. Puram-Lowry Junction, enhancing connectivity for major business hubs.
  4. Pedestrian Infrastructure: A commitment to develop 1,000 km of footpaths, making the city more walkable and improving accessibility.
  5. Railway Over bridges and Under bridges: Key railway overpasses and underpasses will be developed to ease congestion and improve traffic flow.


Impact on Bangalore’s Real Estate Market


1. Key Areas to Benefit from Road Expansion


Several locations in Bangalore will witness a direct impact on real estate prices and demand due to improved infrastructure. Some of the most affected areas include:

  1. Outer Ring Road (ORR) Corridor: The stretch between Central Silk Board and K.R. Puram will see increased property demand, especially in commercial and residential developments.
  2. Mahadevapura & Whitefield: As key IT hubs, these areas will benefit from faster commutes, making them even more attractive for professionals and investors.
  3. RT Nagar, Lingarajapuram, Pulikeshinagar, Yeshwanthpur: These localities, part of the road widening projects, are expected to see rising property values and new development projects.


2. Boost to Property Prices


Infrastructure improvements typically lead to higher property valuations. According to previous trends in Bangalore:

  1. Areas with improved connectivity witness an 8-12% annual increase in real estate prices.
  2. Properties near widened roads and metro corridors have historically appreciated by 15-20% over five years.
  3. ORR and Whitefield have already shown a 30-40% price surge over the last decade due to similar infrastructure projects.


3. Strengthening the TDR Market


  1. The online trade platform for TDRs will create a streamlined and transparent system, boosting investor confidence.
  2. Developers can purchase TDRs to build high-rise structures, increasing the overall supply of premium housing and commercial spaces.


4. Commercial Real Estate Boom


  1. The ORR corridor redevelopment will attract global companies, strengthening Bangalore’s reputation as an IT and business hub.
  2. With improved road conditions, commercial rental yields in areas like Whitefield, ORR, and Electronic City may see an increase of 5-7% annually.


5. Improved Livability and Urban Planning


  1. With 1,000 km of new footpaths, pedestrian-friendly areas will boost walkability scores, increasing demand for residential projects in well-connected zones.
  2. New railway over bridges and underpasses will reduce traffic congestion, improving the overall quality of life.


Conclusion: Why Investors Should Pay Attention


The BBMP’s renewed focus on road widening and the introduction of a digital TDR marketplace marks a pivotal shift in Bangalore’s infrastructure development. Real estate investors should closely monitor the progress of these projects, as improved road connectivity and increased transparency in TDR transactions can significantly enhance the value of properties in key areas, as they present a golden opportunity for high returns and long-term growth in Bangalore’s property market.


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