Kanakapura property prices set to rise after Dy CM proposes its integration with Bengaluru

Kanakapura property prices set to rise after Dy CM proposes its integration with Bengaluru

Kanakapura City’s real estate values range from about Rs 80 lakh to Rs 1 crore per acre at the moment. Prices per acre in Ramangara city have surpassed Rs 1 crore.

As Bengaluru expands its footprint beyond the urban area, it has touched places like Ramanagara, Channapatna, Bidadi, and Kanakapura.

The last time Ramanagara, a city 49 kilometers outside of Bengaluru, had a spike in real estate demand was following the release of the Bollywood smash Sholay in the middle of the 1970s. Bengaluru hadn’t yet developed as the nation’s tech hub at that point; it was still changing.

After decades, interest in real estate in this area has surged once more following the proposal by Karnataka Deputy Chief Minister DK Shivakumar to integrate Kanakapura, which is 40 minutes distant from Ramanagara, with Bengaluru. Additionally, he stated that the district of Ramanagara will merge with south Bengaluru.

During a speech on October 24, Shivakumar advised Kanakapura residents—who live in the Ramanagara district—not to sell their land because the value will increase following merger.

Local brokers report that since then, inquiries have grown by roughly 15%, with Kanakapura Road being the main emphasis.

Since the Yelachenahalli Namma Metro station opened on Kanakapura Road, the improvements along the route connecting Bengaluru and Kankapaura have already received a great deal of praise.

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Effect on the city of Kanakapura and its environs

Bengaluru’s influence is spreading outside of the city, reaching areas like Channapatna, Bidadi, Ramanagara, and Kanakapura.

Kanakapura City’s real estate values range from about Rs 80 lakh to Rs 1 crore per acre at the moment.

Prices per acre in Ramangara city have surpassed Rs 1 crore. Prices have risen to Rs 60 lakh per acre in Bidadi, which is situated between Bengaluru and Ramanagara, and Channapatna, which is near Ramanagara.

“These areas have benefited greatly from the recently opened Bengaluru Mysuru Expressway. The cost has nearly doubled,” Singh continued.

Real estate agents, however, believe that although interest in these locations has surged, significant investments won’t begin