Expansion of Metro is Likely to Raise the Property Prices in KR Puram

According to the sources, the advantage of smooth connection certainly plays a vital role in boosting the property prices in KR Puram. With the growth and development of the second phase of Bangalore’s Namma Metro, the locality will be linked to Baiyappanahall.

Real estate experts predict that the price of the properties in KR Puram is expected to be increased by 20 to 30%.With regards to property investment decision, Bangalore offers several good localities to purchase. Aside from it, your home buyers can have a multiple choice while purchasing a property. Krishanaraja Puram is but one such area that provides a wide range of residential properties. Especially, the demand for property is high on the list of working professionals who have their own work places in Narayanapuram and Mahadevapuram.

Located along the National Highway (NH) 4, Krishanaraja Puram has become the realty spot following the existence of Information Technology (IT) in Marathahalli and Whitefield. Thus, real estate developers build household projects in this area by individuals IT working professionals.

Property Prices

Connectivity is among the key reasons that draw the house buyers and investors to purchase a house in KR Puram. The locality has good access to three arterial roads that include NH 4, State Highway 35 and also the Outer Ring Road (ORR). Besides, KR Puram has the existence of railway station that is located 14 km from the Bangalore City railway station. Also, the international airport can be contacted by commuting through the ORR that is 37 km away.

On the downside, the residents of Krishanaraja Puram have been suffering from numerous traffic snarls, as the KR Puram Junction is not very huge. Alongside, the localities face issues like irregular water supply and the problems of dumped garbage on the highway.

In spite of these complaints, Bangalore’s housing market remains steady. With well-developed social infrastructure and increasing occupations, Bangalore is unquestionably a top property destination within the country. The town has famous schools and colleges that are very best in the country. Apart from, Bangalore is the major IT hub that draws a heap of IT professionals. According to reports, approximately 35% of IT professionals in India will work in Bangalore.

The real estate sources state that is about 40% of the residential projects in KR Puram that are under construction by which 36% are individual homes and also the rest are plots. In recent times, the price of the apartments in KR Puram have raised by 2.9% while the individual homes have reduced by 9%. Thus, if you’re intention would be to spend money on apartments in Bangalore then preferring Krishanaraja Puram may be the ideal choice.