Top 10 Areas for Real Estate Investment in Bangalore – Best Places to Invest in Property
Bangalore is a thriving tech hub that offers promising real estate investment opportunities. The city boasts of excellent connectivity, proximity to IT parks, educational institutions, and robust infrastructure development. With an increasing demand for residential and commercial spaces, investing in these areas ensures potential appreciation and attractive rental yields, making Bangalore a prime destination for savvy real estate investors.
Top 10 Areas for Real Estate Investment in Bangalore
The following are the top ten areas for real estate investment in Bangalore.
1. Whitefield
Nestled in the eastern part of Bangalore, Whitefield stands as the city’s prominent IT corridor, hosting major tech parks like ITPL and Export Promotion Industrial Park (EPIP). This locale, bordered by Marathahalli and Varthur, is a real estate haven, presenting a spectrum of residential options from luxurious apartments to mid-range dwellings. With prices starting from Rs 4,500 per sq. ft.,
Whitefield’s real estate market benefits from its strategic connectivity, proximity to workplaces, and the impending extension of the Namma Metro, ensuring sustained demand and a favourable return on investment.
2. Devanahalli
Devanahalli, situated to the north of Bangalore, is gaining recognition as a burgeoning residential destination, especially with its proximity to Kempegowda International Airport. Surrounded by Doddaballapur, this area boasts a diverse array of housing options, catering to various preferences. Real estate prices in Devanahalli range from Rs 3,000 to 6,000 per sq. ft., making it an attractive investment proposition. Its strategic location, upcoming infrastructure projects, and the establishment of the Aero SEZ contribute significantly to its burgeoning appeal.
3. Hebbal
Hebbal, located in the northern part of the city, has emerged as a pivotal commercial and residential hub. This area seamlessly connects to both the airport and the central business district, making it highly sought after. Surrounded by localities like Thanisandra and Nagawara, Hebbal offers a mix of luxury and mid-segment properties, with prices ranging from Rs 6,000 to 12,000 per sq. ft. The breathtaking views of Hebbal Lake, proximity to Manyata Tech Park, and the proposed Peripheral Ring Road further enhance its investment allure.
4. Yelahanka
Positioned in the northern reaches of Bangalore, Yelahanka provides a serene living experience, accentuated by its proximity to Kempegowda International Airport. Connected to Doddaballapur, this area offers a variety of housing options, ranging from affordable to upscale, with prices spanning from Rs 4,000 to 7,000 per sq. ft. The well-established social infrastructure, green spaces, and seamless connectivity contribute to making Yelahanka a compelling choice for real estate investment.
5. Sarjapur Road
Situated in the southeast part of the city, Sarjapur Road has evolved into a bustling locality, linking key IT clusters such as Electronic City and Whitefield. Adjoining areas like Bellandur and HSR Layout, this region presents a diverse portfolio of properties. Real estate prices in Sarjapur Road start from Rs 4,500 per sq. ft. Its strategic location, near major tech parks, educational institutions, and the Outer Ring Road, positions Sarjapur Road as an enticing investment prospect with a promising return on investment.
6. Manyata Tech Park
Nestled in the northern part of Bangalore, Manyata Tech Park is a thriving IT hub, surrounded by areas like Hebbal and Nagawara. Housing major corporate offices, it propels demand for residential spaces. Real estate prices in Manyata Tech Park’s vicinity range from Rs 5,000 to 10,000 per sq. ft. Its proximity to the airport, excellent connectivity, and a plethora of amenities make it a prime investment, particularly for those seeking residences within easy reach of the bustling tech ecosystem.
7. Hennur
Hennur, located to the northeast of the city, is an emerging residential locale in proximity to Manyata Tech Park and Hebbal. Real estate prices here range from Rs 4,000 to 7,000 per sq. ft. The area’s appeal lies in its tranquillity, connectivity to key hubs, and the presence of numerous educational institutions. With ongoing infrastructural developments, Hennur stands as an attractive choice for those seeking a balanced urban lifestyle and promising returns on investment.
8. Koramangala
Situated in the southern part of Bangalore, Koramangala is a bustling commercial and residential hub surrounded by areas like BTM Layout and Indiranagar. Real estate prices in Koramangala vary from Rs 8,000 to 15,000 per sq. ft. Its vibrant atmosphere, extensive shopping and dining options, coupled with excellent connectivity, make it a premium investment destination. Koramangala’s cosmopolitan vibe and diverse lifestyle offerings contribute to its consistently high demand in the real estate market.
9. Indira Nagar
Indira Nagar is an upscale residential area in the eastern part of the city, is flanked by areas like Ulsoor and Domlur. Real estate prices range from Rs 10,000 to 18,000 per sq. ft. Known for its tree-lined avenues, upscale retail outlets, and proximity to the central business district, Indira Nagar is a sought-after location. The area’s aesthetic appeal, coupled with a robust social infrastructure, positions it as a premium real estate investment with potential for appreciable returns.
10. Electronic City
Located in the southern reaches of Bangalore, Electronic City is a prominent IT and industrial hub, surrounded by areas like Bommasandra and Attibele. Real estate prices here range from Rs 4,000 to 8,000 per sq. ft. The area’s USP lies in its concentration of tech companies, providing a lucrative rental market. With ongoing infrastructure developments and the upcoming metro connectivity, Electronic City remains a key investment destination for those seeking growth in the IT and manufacturing sectors.
FAQs
1. Where is the best place to invest in real estate in Bangalore?
Devanahalli, Hebbal, Hennur, and Electronic City are considered the best places to invest in real estate in Bangalore.
2. Which area is growing fastest in Bangalore?
Sarjapur Road, Indira Nagar and Electronic City are considered the fastest-growing in Bangalore.
3. Which location is best for real estate investment in bangalore?
Yelahanka, and Hennur are considered the best locations to invest in Bangalore’s real estate.
