Agreement with BMRCL Valued at ₹115 Crore

Leading real estate developer Prestige Group has entered into a landmark agreement worth ₹115 crore with Bangalore Metro Rail Corporation Limited (BMRCL) to develop a metro-linked commercial project near the upcoming Bellandur Metro Station on the Outer Ring Road corridor.

The project is part of BMRCL’s transit-oriented development (TOD) initiative aimed at monetizing metro assets while improving last-mile connectivity and commercial activity around major stations.

Strategic Location on Bengaluru’s IT Corridor

The Bellandur Metro Station lies along one of Bengaluru’s busiest technology and business corridors, connecting major IT parks, residential clusters, and employment hubs.
With high daily commuter traffic expected once operations begin, the commercial development is projected to become a premium business destination for offices, retail outlets, and service-based enterprises.

Urban planners note that such metro-integrated developments significantly enhance land value and reduce dependence on private transport.

Project Scope and Development Plan

According to officials familiar with the agreement, the project will include:

• Grade-A office spaces
• Retail and food & beverage zones
• Pedestrian-friendly access integrated with the metro concourse
• Sustainable building features aligned with green development norms

The design is expected to prioritize seamless commuter movement while creating a vibrant commercial ecosystem around the station.

Revenue Model and Public Infrastructure Boost

Under the ₹115 crore agreement, Prestige Group will develop and manage the property, while BMRCL will benefit through lease rentals and revenue sharing.
This model is intended to generate non-fare revenue for the metro authority, reducing reliance on ticket income alone.

Transport economists believe such partnerships will strengthen the financial sustainability of urban transit systems in Bengaluru.

Impact on Bellandur and Surrounding Areas

Real estate analysts predict that the project will:

• Increase commercial property demand in Bellandur
• Create new employment opportunities
• Improve urban infrastructure around the metro corridor
• Encourage mixed-use development patterns

Local businesses are also expected to benefit from higher footfall once metro services begin.

Timeline and Future Outlook

Construction activities are likely to commence after final design approvals and environmental clearances. The commercial hub is expected to be completed in phases, aligned with the operational timeline of the metro line.

The project signals a growing trend of metro-linked real estate development in Bengaluru, where private developers and public agencies collaborate to reshape urban landscapes.

  Bellandur Metro, BMRCL, commercial real estate, Metro Linked Projects, Prestige Group