Impact of Bengaluru's Underground Tunnel on Real Estate

Jun 21, 2024
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The upcoming 18-kilometer underground tunnel in Bengaluru is set to revolutionize the city's traffic infrastructure, significantly reducing congestion and travel times. This ambitious project, expected to be completed by January 1, 2025, will have a profound impact on the city's real estate market. Here are some key points to consider:

Appreciation in Property Values

  • Increased Accessibility: The tunnel will provide seamless connectivity between the Esteem Mall in Hebbal and the Central Silk Board junction, making it easier for residents to access various parts of the city. This enhanced accessibility will increase the demand for properties in these areas, leading to a rise in property values.
  • Reduced Traffic Congestion: The tunnel will significantly reduce traffic congestion, making it more attractive for people to live and work in these areas. This reduced congestion will also improve the overall quality of life, making the areas more desirable for residents.
  • Increased Commercial Activity: The tunnel will facilitate faster and more efficient movement of goods and services, making it more attractive for businesses to set up shop in these areas. This increased commercial activity will boost local economies and drive up property values.

Areas Expected to Appreciate

  • Hebbal: The tunnel will connect Hebbal to the Central Silk Board junction, making it a prime location for residential and commercial properties. Expect property values to appreciate significantly in this area.
  • Central Silk Board: The tunnel will provide easy access to the Central Silk Board junction, making it a more attractive location for businesses and residents alike. Property values in this area are likely to increase as a result.
  • Lalbagh: The tunnel will feature an entry and exit point at Lalbagh, making it a more desirable location for residents and businesses. Expect property values to appreciate in this area as well.

Areas to Watch

  • Palace Grounds: The tunnel will have an entry and exit point near the Palace Grounds, which could lead to increased commercial activity and property appreciation in this area.
  • Bangalore Golf Club: The tunnel will feature an entry and exit point near the Bangalore Golf Club, making it a more attractive location for residents and businesses. Property values in this area could appreciate as a result.

The upcoming underground tunnel in Bengaluru will have a profound impact on the city's real estate market. Areas like Hebbal, Central Silk Board, Lalbagh, Palace Grounds, and Bangalore Golf Club are expected to see significant appreciation in property values due to the tunnel's enhanced accessibility and reduced traffic congestion. As the tunnel becomes a reality, it will be essential for real estate investors and homebuyers to keep an eye on these areas for potential growth opportunities. Find out best properties to invest at proppulse.ai and keep yourself updated subscribing to us.