North Bengaluru Set for a Real Estate Boom with Metro Expansion
Karnataka Chief Minister Siddaramaiah’s announcement in the 2025 Budget to extend Namma Metro to Devanahalli promises to revolutionize real estate in North Bengaluru. This long-awaited metro link will not only address last-mile connectivity issues but also improve accessibility, fueling a rise in residential and commercial property demand.
North Bengaluru has become a hotbed for homebuyers and investors, drawn by its proximity to Kempegowda International Airport, growing IT parks, and an expanding infrastructure network. However, the region faces significant commute challenges due to its distance from the city center. The metro expansion is set to overcome this barrier, making the area even more attractive for property buyers.
As per Kiran Kumar, real estate expert from Hanu Reddy Realty, the metro extension will act as a catalyst for the region’s real estate growth, making properties in the area more accessible and desirable. Currently, 2BHK apartments in North Bengaluru are priced at ₹60 lakh for affordable units and ₹1.5 crore for premium ones.
According to NoBroker, the region’s property launches grew from 23% in 2023 to 33% in 2024, driven by the area’s proximity to key commercial zones. With the metro project underway, rental prices in the region are expected to increase by 20-25% by 2025.
Increased corporate presence from companies like Amazon and Foxconn further boosts North Bengaluru’s real estate prospects. The metro extension, alongside these developments, positions the area as a growing hub for investment and growth.
Read also: