The Rail-Realty link – Metro rail’s effect on property prices
Connectivity – through road or rail – is perhaps one of the strongest determinants of development in any city. For a long time, this has also been a factor in rising real estate prices. A major beneficiary of metro rail projects are the suburban areas as they would be connected with the city’s business centers.
When the Metro project was announced in Bangalore, there was considerable jump in property prices (10-15% ) for both commercial and residential projects within 1-2km radius from the stations, this is expected to go up by almost 40% once Metro connectivity is more well-established.
According to many realtors, the property rentals along Old Madras Road (OMR), CMH Road and 100 Feet Road Indiranagar will further go up in the coming years. A number of real estate developers are concentrating on the areas adjacent to Old Madras Road for key residential projects and retail malls. Demand for real estate is predicted to increase in rentals too. In the next 5 to 10 years, OMR and surrounding areas are projected to turn into a major commercial and residential hub.
The Bangalore Metro rail network project, expected to cover 100 km, is seen as a game-changer in terms of connectivity. It is bound to reduce both traffic congestion and commuting time especially for the office-going crowd. As cities come closer, areas like K R Puram in the east and Hebbal in the North would see a good jump in property prices.
OMR, being one of the roads linking the central business district to east Bangalore and Byappanahalli stretch, will see a rate hike per sft – from Rs 2,500-3,000 to Rs 6,000-7,000 per sq ft.
The first phase (Green line) of Namma Metro covering the city centre, from the East-West corridor is likely to be ready by 2014. The second phase (Purple line) is also expected to further improve connectivity to Whitefield and adjoining areas.
Fortius Waterscape is situated just off OMR, making it an ideal investment destination for now and the future. With all its location advantages the Waterscape has already won hearts of many families.
The information on this website www.fortiusinfra.com is presented as general information.
The visitor is presumed to have read the terms and conditions of the website and is deemed to have agreed, understood and accepted unconditionally all the terms, conditions, procedure and risks of logging onto the website and cannot claim, at any time, ignorance of any or all of them. All relationships of any visitor to this website wheresoever situated is governed by and in accordance with the laws and jurisdiction of Bangalore (Bengaluru), India.
Fortius Infradevelopers LLP (the Company) uses all diligence, skill, and expertise available to provide information on this website but does not accept or undertake any express or implied warranty of any nature whatsoever that this site or the server that makes it available are or will be free of viruses or other harmful components. The Company shall not be under any obligation to ensure compliance or handle complaints.
The plans, specifications, images and other details herein are indicative. The Website does not constitute an offer and/or contract of any nature whatsoever. Any purchase in any project shall be governed by the terms of the agreement entered into between the parties in writing.
The Company and its respective subsidiaries and affiliates, and their respective officers, directors, partners, employees, agents, managers, trustees, representatives or contractors of any of them, related thereto and any successors or assigns of any of the foregoing shall not be liable for any direct, indirect, actual, punitive, incidental, special, consequential damages or economic loss whatsoever, arising from or related to the use of this Website.
The visitor has, by the act of logging into the website and/or submitting information or giving his name, address, email addresses as identification to The Company through the website has expressly and irrevocably authorized The Company to use and analyze all information and documents as may be required by it. The visitor represents and warrants that the visitor has provided true, accurate, current and complete information.
The visitor represents and warrants that the visitor is fully aware of the laws of the country/state visitor resides in and also those of India particularly those governing use, sale, lease, transfer of real estate and the visitor is neither violating nor attempting to violate any law.
The contents, information, and material contained in this website are the exclusive property of The Company and are protected by copyright and intellectual property laws. No person shall use, copy, reproduce, distribute, initiate, publish, display, modify, create derivative works or database, use, transmit, upload, exploit, sell or distribute the same in whole or in part or any part thereof without prior express written permission from The Company. Facility to print an article or portion of text or material on this website through computer/electronic device does not tantamount to prior written consent.
Notwithstanding anything stated hereinabove or in this website, it is clarified, understood and agreed that The Company through this website does not intend to make any offer, proposal or contract as per prevailing laws in India or any similar or relevant law in the country of residence or access of the visitor.
The Company has the right to reproduce, monitor, disclose any transmission or information received and made to this website. Visitors may be sent information or contacted through the email addresses, phone numbers and postal addresses provided by the visitor on the website. Any visitor who may not desire to receive email from The Company may give clear instructions.
The visitor shall not use or post any computer programs in connection with the visitor’s use of the website that contains destructive features such as viruses anomalies, self-destruct mechanisms, time/logic bombs, worm, Trojan horses etc.
Notwithstanding anything and in no event shall The Company, their promoters, directors, employees and agents be liable to the visitor for any or all damages, losses and causes of action ( including but not limited to) negligence, errors, injury, whether direct, indirect, consequential or incidental, suffered or incurred by any person/s or due to any use and/or inability to use this site or information or its links, hyperlinks, action taken or abstained or any transmission made through this website.
Any links to off-site pages or other sites may be accepted by the visitor at the visitor’s option and own risk and The Company assumes no liability for and shall be held harmless from any resulting damages. The Company strongly recommends that the visitor carefully reads the terms and conditions of such linked site(s).
The Company reserves the right to terminate, revoke, modify, alter, add, and delete any one or more of the terms and conditions of the website. The Company shall be under no obligation to notify the visitor of the amendment to the terms and conditions and the visitor shall be bound by such amended terms and conditions.
Information displayed about the project, plans, specification, diagrams, photographs, links, hyperlinks, and conditions may be altered at any by the Company. The Company will endeavor to update the site as promptly as possible, with all relevant information and details, however, it may take some time before such changes are reflected on the site/webpage.
The Company advises that the visitor to the website, verify with the Company’s sales staff for the up dated information on the projects as there is a possibility of the information on the web site is not the latest information for several reasons including the updating and re-structuring the web site.
Information about projects are of very general in nature. The pictures, layout themes, project landscape, interiors, lightings, etc. are shown as what is intended to be at the time of completion and presently they are as illustrations and demonstration of the concept of the development. The visitor is required to verify all the details, including area, amenities, services, terms of sales and payments and other relevant terms independently with the Company and their sales team prior to concluding any decision for buying in the Company.
To find out more about the Project, please contact the Company or visit the Sales office during working hours and speak to one of our sales staff.
