Bangalore, renowned as the IT capital of India, provides high-paying employment prospects in the IT sector. Prominent real estate developers are capitalizing on key opportunities and launching respective residential projects in order to cater to the demand by the market. Recent property trends showcase that residents who were content occupying spaces as tenants are now showing a keen interest in acquiring residential spaces for themselves. The rise in social and IT infrastructure has paved the way for affordable living spaces. With the proposed Bangalore Elevated Corridor in the works, scope for property development is sure to shoot through the roof owing to diverse investment opportunities for investors from different income levels. The city, over the years has struggled as far at the commute is concerned.
Getting to other prominent parts of the city has been a task which isn’t always healthy for profitable investments. The construction of metro stations has stalled traffic in some of the emerging parts of the city. IT professionals, who are keen property investors look for impeccable connectivity to their workplace and vice versa. Compromising on certain in-house amenities shouldn’t pose a concern as the main issue out here is to get by to other areas of the city with relative ease and comfort. The Bangalore Elevator Corridor is sure to help connectivity in a major way. Traffic congestion, which was pretty much prominent is certain to reduce over time. Traffic woes would no longer be an inherent issue as the project comprises of four to six lanes which would enable and simplify traffic complexities.
Bangalore Elevated Corridor- Project specifications
Lets now focus our attention to what the project offers and how can residents benefit from it. The entire project would span across 102 Km’s which would enable connectivity to 6 named corridors. These include the North-South connecting corridor which starts from Hebbal and all the way till Central Silk Board. The East-West Corridor would provide impeccable commute benefits from KR Puram to Gorguntepalaya. Similarly, the other extension of the East-West corridor would connect Varthur Kodi to Jnanabharthi junction. The total estimate construction cost would range between 25,000 to 26,000 crore which is quite phenomenal.
How would the Bangalore Elevator Corridor influence real estate development?
Essence of a residential project or any property development would depend on connectivity and surrounding realty development. Spanning across some of the emerging and developing regions around the city, the project is set to redefine and revolutionize the face of real estate development in Bangalore. Key areas such as Medahalli and Old Madras road is sure to attract potential infrastructure development because of the Elevated corridor. South Bangalore, especially the Bannerghatta-Hosur road is often crowded and practically a pain to go through. Residents are quite hesitant to invest their hard-earned money in prominent parts around that part of the city. However, the presence of the elevated corridor would not only impact and enhance residential development, but would even offer accessibility via formidable rise in social infrastructure.
Preserving the eco-system- How would the Bangalore Elevated Corridor affect eco-friendliness?
Is it worthwhile to come up with social infrastructures like an elevated corridor by compromising on the overall green cover of the city? By ignoring the environment, we have brought damage onto ourselves. Bangalore, which is pre-dominantly renowned as the Garden City of India will certainly lose its recognition as the project would lead to heavy duty environment damage. Tree cover is essential to maintain the eco-system in order to contribute to favorable climate conditions. Cubbon Park, which is an iconic landmark of the city will be affected because of the proposed construction. Based on the recent environmental status report, almost 3,700 trees will be sacrificed which is nothing short of an eco-friendly disaster. Government authorities and citizens of Bangalore are not in sync as such civic infrastructure development is sure to lead to losses at a macro level. Moreover, the elevated corridor development is destined to pass through and impact serene lakes in Varthur, Agara, Ulsoor and KR Puram. Residents have voiced their opinions through social media protesting to go against the project. In conclusion, even if the project is to promote ease and commute to the rest of the city, majority of the city residents are opposing the fact that living conditions would be affected. However, if the project succeeds in reducing traffic congestion and resident transport frustration, the real estate market in Bangalore is certain to flourish and cater to rising residential housing demands.