The Peripheral Ring Road’s impact on property near Sarjapur Road will be better connectivity, more growth, and a price rise. The new road will ease traffic on the existing roads.
Sarjapur Road is a major IT hub and housing hotspot in the city that has seen stellar progress. As the Peripheral Ring Road comes up, the already booming real estate market here will see more growth.
Features of the Peripheral Ring Road:
- The road will be developed in two phases, PRR-1 and PRR-2.
- PRR-1 is about 73 kilometres long.
- The road will have 12 lanes and the services road will be 2 lanes.
- It will connect several roads, including the following national highways:
- Tumkur Road (NH 4)
- Bellary Road (NH 7)
- Old Madras Road (NH 4)
- Hosur Road (NH 7)
Benefits of the Peripheral Ring Road:
- Greater Connectivity – It will improve access to areas like Kodathi and Varthur, and travel will become much easier. It will be of great help to residents, such as those of the elite Birla Evara project.
- Increased Development – More work areas and housing projects will come up. There will be growth in civic services, such as electricity, water, and sewage. Better services, like hospitals and schools, will be set up.
- Rise Property Values – The Peripheral Ring Road will have a great impact on property near Sarjapur Road as the area grows. There will be an increase in the prices of property. There will be an increased need for homes on sale and rent. People who buy property, such as in the grand Birla Evara, can earn well from their investments.
- Better Quality of Life – The quality of life will improve as more services are set up. As the time taken to travel reduces, it will be easier to reach other areas. These factors will add to its great standard of living.
There will be a beneficial impact of the Peripheral Ring Road on property near Sarjapur Road. As the area looks forward to more development, the time to buy real estate here is now.