New Delhi: The Union Cabinet approved three metro rail projects in Bengaluru, Thane and Pune. Each of the two cities have substantial long-term real estate growth potential. As metro will spur both organic and inorganic growth, value unlocking is anticipated across the residential commercial office and retail segments.
The completion of the JP Nagar to Kempapura, and Hoshahalli to Kadabagere corridors which make up Phase 3 of the Bangalore Metro is expected to cost ₹15611 crore. The Thane Integral Ring Metro is planned to be constructed. Interchanges for Mumbai Metro rail lines 4 and 5 will be provided. This will connect the city’s residential and industrial areas.
At a cost of ₹2954 crore, the Pune Metro will be extended from Swargate to Katraj providing underground connectivity to Market Yard Padmavati’s commercial and residential areas. It will also be able to connect Katraj home to a zoological park, residential areas and a university campus. The decisions will improve India’s infrastructure and generate jobs across the country.
