Upcoming Connectivity Projects likely to boost the realty market of Kanakapura Road

Kanakapura Road is one o major stretches in Bangalore, which begins from Basavangudi and continues till NICE Road at Mallasandra. In recent years, this 52-km stretch has been witnessing an upward trend in real estate market. Some of the major reasons for the realty growth of this region include the upcoming connectivity links such as Namma Metro, Peripheral Ring Road and road widening plans. Eventually, these developments have played a pivotal role in increasing the demand for residential properties in Kanakapura Road. Metro Project As this is one of the busiest stretches in the metropolis, it has been witnessing heavy traffic clogging during peak hours. However, with development of metro line between Puttenhalli and Anjanapura is in the pipeline, it is likely to ease off the traffic congestion in this area. Apart from it, the real estate experts expect that this infrastructure project will certainly flourish the residential real estate market of this region in future. In fact, this connectivity project has already started to make an impact by increasing the number of enquiries to buy a home in this region. As this region is considered to be the lucrative investment option, several home buyers and investors in neighboring areas like Mysore prefers to invest in a property in Kanakapura Road. When compared to other property types, residential plots in Kanakapura Road have been witnessing a good demand. Peripheral Ring Road (PRR) With the Central Government has shown a green signal to develop the Peripheral Ring Road, the connectivity of this region is likely to be improved further in near future. This stretch will help the residents of this area to reach the northern parts of the city such as Electronic City, Sarjapur Road and KR Puram. This 116 KM long stretch will connect major stretches of the metropolis which include Doddabalapur Road, Sarjapur Road, Old Madras Road and NICE Road. This infrastructure project is likely to commence on December, 2017. Once this project becomes operational, it will reduce the traffic congestion on ORR and bring in more residential projects along the stretch. With these upcoming developments, the capital values are expected to increase further in the following years. As this locality has the advantage of proximity to several IT hubs, it attracts a large number of working professionals who look out for flats for rent in Bangalore . Thus, if you buy an apartment here then you will be able to earn a good return on investment via rental income.