The Kanakapura Road real estate market is poised to witness a major boost in the future, particularly with the commencement of metro operations this year itself. Kanakapura Road already has bright prospects since it is easily accessible from several other parts of Bangalore. Even though metro work has led to a little traffic congestion and some snarls during peak hours, this will ease up soon. The entire stretch will be speedily completed and the extension of the Namma Metro to the Anjanapura Township (till the Nice Road Crossing) and Kengeri will be boosting Kanakapura Road real estate considerably. Several premium residential projects are coming up at Kanakapura Road including Godrej Eternity Life Plus and projects from other top real estate developers.
Metro connectivity should attract more homebuyers to this entire stretch and demand is already increasing for homes located along the metro corridors on account of improved accessibility and connectivity. The Green Line of the Namma Metro along Kanakapura Road will be among the first such routes in the second phase to be opened by the end of this year. This 6.5 kilometer stretch will have 5 stations, concluding at the Anjanapura Township station. The southern region in Bangalore is one of the fastest growing clusters in terms of both residential and commercial properties. Kanakapura Road is benefiting the most from the Green Line extension and this has spurred the development of several real estate projects and shopping centres in this stretch.
Social infrastructure is excellent as far as Kanakapura Road is concerned and this is already improving. There are several well-known educational institutions and schools along this stretch. A shopping mall is being built by Mantri Developers here while Prestige Group is also planning a shopping mall. An entertainment park is also being planned by ISKCON in this area. The NH-209 till Kanakapura may also be widened in the near future, thereby paving the way for skyrocketing growth. There will be several metro stations on the Kanakapura Road and there is abundant supply of water and other basic amenities.
IT Parks are also expected to come up soon along this stretch and prices will appreciate steadily with faster development. Land prices are also expected to rise swiftly over the next year or so. This will be one of South Bangalore’s biggest growth hubs in the future according to market experts. Demand will definitely increase since Kanakapura Road has already been a coveted housing market in the city after Bannerghatta Road due to great connectivity and readily available social infrastructure. Several luxury projects and mid-range projects alike may come up in this entire stretch. With the metro network extension, new malls being built and the proposed widening of NH-209, the entire zone should see a real estate boom over the next few years according to experts.
