The cost of land has increased along the newly constructed Bengaluru-Mysuru Expressway in both towns and villages.
Story so far: Bhaskar T Nagendrappa, president of CREDAI, Bengaluru, claims that the increase in land value along the Mysuru-Bengaluru expressway comes at a time when the real estate market is already on an upswing after being affected for two years by COVID-19.
- The expressway has increased the value of real estate in the communities along the route due to better connectivity, in addition to the enormous rise in the price of agricultural land.
50% escalation: Land value will automatically rise wherever highways are built. A representative from the Department of Stamps and Registration stated that once the road is completed, properties near the expressway will witness a 50% increase in price.
(Image credits: Chitra M’s Twitter Post)