The ongoing expansion of Bengaluru’s Namma Metro is set to revolutionize the city’s real estate market, particularly in the North and Southeast corridors. With Phase 3A connecting Sarjapur to Hebbal and proposed extensions reaching Devanahalli, property experts are forecasting a sharp increase in both property prices and rental yields across the city.
Phase 3A: Red Line Set to Connect Key IT Hubs
Approved by the Karnataka cabinet in December 2024, Phase 3A—popularly known as the Red Line—will stretch over 36.59 km, linking Sarjapur in the southeast to Hebbal in the north.
The route will include 28 stations, with major interchange points at Iblur, Agara, Dairy Circle, KR Circle, and Hebbal. These hubs are expected to alleviate congestion and enhance accessibility across tech corridors.
Real Estate Prices Surge in Metro-Connected Areas
Real estate professionals report that areas along the upcoming metro route, such as Sarjapur, Varthur, and Agara, are witnessing growing demand.
- Apartments in Varthur are priced between ₹80 lakh and ₹1 crore
- Sarjapur rentals are reaching ₹40,000/month for 2BHKs
- Rental appreciation of 10–20% is expected in Southeast Bengaluru over the next 3–4 years
In North Bengaluru, rental yields are projected to rise by 28%, driven by increased investor interest and better connectivity.
Devanahalli Metro Extension: The Next Big Leap
The 2025 Karnataka Budget proposed extending the Namma Metro to Devanahalli, aiming to boost last-mile connectivity to the Kempegowda International Airport.
This extension is unlocking new real estate potential in Devanahalli, Bagalur, and Nelamangala, where demand is climbing fast.
Current rates in North Bengaluru:
- Land: ₹6,000–₹8,000 per sq. ft
- Apartments: ₹10,850–₹17,870 per sq. ft
- 2BHK units: Starting from ₹60 lakh to ₹1.5 crore+
Balanced Urban Growth & New Opportunities
Experts believe that the metro expansion will decentralize growth from the congested city center, encouraging balanced development across Bengaluru. With new lines connecting distant suburbs to core business hubs, real estate developers, investors, and homebuyers are finding fresh opportunities in the city’s evolving skyline.
