Bengaluru development minister KJ George has promised that the entire 42-km Namma Metro network will be opened by November 1, 2016 marking the Rajyotsava Day of Karnataka, with the key Malleswaram—Majestic underground stretch to be ready in 3 months from now.
Even if it is delayed by another month as is the case with Namma Metro projects, the stretch should be opened by November 1, with all the certifications and green signals obtained.
The metro is in news again as a new 5-km underground stretch connecting Majestic into the 18.5-km East-West Corridor from baiyappanahalli to Mysuru Road will be inaugurated on Saturday, April 29. Once the the Malleswaram—Majestic underground stretch is ready, then North-South Corridor will also be ready bringing the total time taken by Bangalore Metro almost 15 years.
Last year, Chief Minister Siddarmaiah had assured that phase 2 would be completed by 2020. "Construction of the extended lines of phase 1 corridors will begin in two to three months," he said. In fact, the second phase will add 72km of crucial metro network to the city and make it really connected with the far flung areas.
The project has an East-West corridor of 18.1 km starting from Baiyappanahalli in the East and terminating at Mysore Road terminal in the West and a 24.2 km North-South corridor commencing at Nagasandra in the North and terminating at Puttenahalli in the South.
The first stretch called Reach-1 from MG Road to Baiyappanahalli was opened on 20th October 2011, the Reach-3 (Nagasandra to Mantri Square Sampige Road Station) was commenced on 1st March 2014. The Reach-3B (Peenya Industry to Nagasandra) was opened 1st May 2015 and the commercial operations on Reach-2 (Magadi Road to Mysore Road Terminal) began on 18th November 2015.
Five months later, on April 29, 2016, the first underground stretch connecting Majestic will be thrown open to the public. With this, the journey from Baiyappanahalli to Mysuru Road will be merely 33 minutes compared to two hours it takes by BMTC buses.
The 5-km underground stretch will be inaugurated on Friday by Karnataka chief minister Siddaramaiah and M Venkaiah Naidu, union minister of urban development will be present. The operations will begin on Saturday from 6 AM.
With the Malleswaram—Majestic underground stretch scheduled to be opened by Novemebr 1, 2016, the city of Bangalore will soon hit the jackpot in terms of real-estate valuation and hike in rents in all the areas which fall within walkable reach of the Namm Metro stations.
Some low rent areas such as Magadi road, Deepanjalinagar, Attiguppe and Hosahhali have already seen steep hike of 300 to 500% in rental values, despite poor water and pollution hitting them constantly. Even slum areas have begun to sense the better connectivity angle now.
Not merely rents, even the educational institutions, coaching centres and evening tutions have been seeing a steep hike in prices in Bangalore on the metro stretch.