Bangalore-Chennai Expressway: Expected to boost real estate development along the route
The Bengaluru–Chennai Expressway is part of the Bengaluru-Chennai Industrial Corridor, which is a much larger project. The expansion of this hall is expected to have a positive impact on both Bengaluru and Chennai’s commercial growth. However, employing allows for speedier movement of goods from Karnataka and Andhra Pradesh to the Chennai and Ennore ports, as well as between South India and East Asia.
Bengaluru and Chennai are approximately 326 kilometers apart in contemporary times. With the completion of the new Bengaluru-Chennai Expressway, this distance might be reduced to around 262 kilometers. This length will go from Bengaluru’s Hoskote to Sriperumbudur, outside of Chennai. It will close the gap by utilizing around 50 kilometers and is designed for autos to go at a maximum speed of 120 km/hr.
One of the five commercial corridors being developed with the help of the National Industrial Corridor Development and Implementation Trust is the throughway, which is part of the Bengaluru-Chennai Industrial Corridor. The Bengaluru-Chennai Expressway and the Bengaluru-Chennai Dedicated Freight Corridor are the project’s two main infrastructural backers. There is also a proposal to extend the assignment till Kochi. Work on the project is expected to begin in a little over a month. The throughway will span 72 kilometers in Karnataka, 85 kilometers in Andhra Pradesh, and 106 kilometers in Tamil Nadu. The project, which would cost over Rs. 17,000 crores, is expected to be completed in two and a half years.
Hoskote and Narasapura Industrial Area are part of Karnataka’s automobile hub. When this stretch is connected to the Tumkur Road through KR Puram, it becomes a logistics, commercial, and vehicular hub that runs across Andhra Pradesh and stretches to Chennai. Any job started with the help of the government, according to Venugopal, a Hoskote resident, is for our benefit. Hoskote will undoubtedly benefit from this task as well. With the current state of the economy, job opportunities and asset prices will increase. The main disadvantage is that residents will no longer be able to get timely payments for their land. If they begin accumulating our property now, an agreement might be reached in as little as 10-15 years!
The highway would cut the time it takes to travel between Bengaluru and Chennai in half. It would also boost the development of present and upcoming industrial centers in Karnataka, Andhra Pradesh, and Tamil Nadu, resulting in additional job possibilities. The objective here is to complete the project on schedule and gain the trust of the local population.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
