While connectivity is a major factor that contributes to the growth and development of a city, the proposed Chennai Bangalore Expressway will play a major role in the further expansion of Chennai and Bangalore rising the commercial and residential activities in the cities. It is a 262 km long access-controlled expressway between Bangalore and Chennai extending between Hoskote and Sriperumbudur. The elevated stretch will have 8 lanes allowing vehicles to pass in the speed of about 120km/h linking these cities efficiently.

Another significant feature of this Bangalore-Chennai Expressway is that it is the first Greenfield Expressway to be developed in South India intersecting Kolar, Palamaner (Andhra Pradesh), Kolar (Karnataka) and Sriperumbudur (Tamil Nadu). Both the commercial and residential sectors are anticipated to progress in Bangalore and Chennai upon the development of this arterial expressway.

How does this benefit real estate?

As this project’s main objective is to enhance trade and commerce in cities across South India, the developments related to residential and commercial will happen in Chennai and Bangalore alongside this elevated corridor. This impending high-priority expressway will minimize the travel time between Bangalore and Chennai by about 2-3 hours, which is a huge benefit for people in Bangalore and Chennai that travel during weekends. Real estate in some of the key micro markets located by the side of this corridor is also expected to thrive with this connectivity expansion.

Areas that would benefit from Chennai-Bangalore Expressway

Ponneri, Tumkuru, and Krishnapatnam are the three important nodes to be benefitted the most with this infrastructural development. Besides these suburbs, Walajapet and Panniyur are the next significant industrial hubs that have scopes of great progress and growth. These regions have already gained the investors’ and the real estate developers’ attention to investing in the micro-markets. Great investment returns and employment progress will be the significant outcomes of this forthcoming expressway. In Hoskote and Sriperumbudur, the real estate has already reaped its benefits with this mega project proposal.

Hoskote, being located at the intersection of two prominent National Highways- NH 4 & NH-7, is benefitted with further connectivity enhancement. This proposed expressway will also give rise to the establishment of various industries and new automobile hubs in Sriperumbudur by which the real estate is poised to booming here. Maduravoyal and Mugappair are a couple of other areas in Chennai where the real estate will prosper with the development of Bangalore-Chennai Expressway.

Last Word

With the land acquisition process being completed and the construction work will begin in the next few month time, it is the best opportunity for buyers/investors in Chennai and Bangalore to invest in either commercial or residential properties along this corridor for high investment returns in the future.

If you are interested in buying residential properties in Bangalore and Chennai, then reach us through Sulekha where you can find a varied, comprehensive list of properties at your preferred costs.