Bangalore, popularly known as the “Silicon Valley of India,” has witnessed tremendous infrastructural development over the years. Growth catalysts like the establishment of special economic zones (SEZs), IT, and manufacturing hubs; availability of land parcels and skilled workforce; the presence of premium educational institutes; and seamless connectivity via metro and arterial roadways have bolstered the growth of housing projects across various localities in Bangalore. Thereby making the city one of the most attractive real estate investment options in India.
From luxury villas to affordable and compact apartments and plots, the residential areas house a diversity of projects built by some of India’s and Bangalore’s finest developers.
If you want to become a part of the dynamic environment that the city of Bangalore provides, then there’s a possibility that you might be confused about whether to invest in well-established areas or newer localities that share close proximity to the IT hubs. To clear this confusion, here is an article that enumerates the highlights of some of the most emerging and popular localities in Bangalore that you can consider for investing in 2021.
SOUTH BANGALORE
1. Electronic City
Located in the heart of South Bangalore and divided into 3-phases, Electronic City is one of India’s largest IT industrial parks. Alongside Infosys, Wipro, TCS, Siemens and HCL, and other MNCs and IT companies, the region shares close proximity to Koramangala (popular commercial hub).
When it comes to connectivity, Electronic city is strategically located on Hosur Road, which lies on the Bangalore-Chennai Highway. Silk Board junction, NICE Road and Bannerghatta Road are the most important roadways which connect Electronic city to other parts of the city. It is also at just 4 km distance from the Heelalige railway station and offers public transport like the extensive BMTC bus network. Poised to complete in 2022, the upcoming Namma Metro Line 3 will further offer seamless connectivity to other regions.
Rapidly growing workforce and excellent connectivity to the rest of the city raised the demand for housing projects, thereby attracting scores of real estate developers to the Electronic City. One can find 1, 2 & 3 BHK mid-income or luxury apartments along with villas and plots in the region, where prices range anywhere from 30 Lakhs to 3 Crores.
Not only ideal for working professionals, but the area also houses a number of premier institutes like the IFIM, Xavier’s Institute of Management and Entrepreneurship, and Azim Premji University. Close proximity to hospitals, banks, and malls provides a luxurious lifestyle and holistic growth for all residents. With a “walk-from-work” culture, excellent connectivity, and superior infrastructure, Electronic City has become one of the most prominent localities in Bangalore!
2. Sarjapur Road
Surrounded by Electronic City, Whitefield, and Koramangala, Sarjapur Road is one of the fastest developing industrial localities in Bangalore. Located in Bangalore Urban district, the area shares close proximity to companies such as Capgemini, Accenture, Cisco, HP, Wipro, and Paypal, among many others. The upcoming Infosys IT Park is poised to increase employment opportunities in the region.
When it comes to connectivity, the Peripheral Ring Road (on completion), will connect Tumkur and Hosur road, thereby making the commute to North and East Bangalore from Sarjapur Road seamless. Although the area is still developing, superior connectivity to employment centers, educational institutes, and social hubs has raised the housing demand across Sarjapur Road. Ranging between Rs. 30 lakh to Rs. 1.3 Crores, one can find scores of 1-4 BHK configuration apartments in the area.
3. BTM Layout
BTM Layout is one of Bangalore’s prominent residential and commercial areas, which shares close proximity to Koramangala, HSR Layout, and Bannerghatta Road. Alongside Rashtreeya Vidyalaya Road and Banashankari metro stations, the area is also a part of the R V Road Terminal-Bommasandra or Yellow line of Namma Metro.
With the establishment of tech parks and commercial hubs like Koramanagala (4.2 kms from BTM Layout), BTM Layout has witnessed an upward growth over the years. Today, this region has become one of the most popular localities in Bangalore for investing in mid- as well as luxury residential projects. The apartments of all configurations are offered here, with the average per square feet price ranging between Rs 4,029-Rs 6,634 per sq ft.
EAST BANGALORE
Whitefield
Whitefield, a popular corporate cum residential space in East Bangalore, is one of the poshest localities of the city. The region is seamlessly connected to central Bangalore via Mahadevapura and Varthur Road and is 1 hour from the Kempegowda International Airport.
The reason why Whitefield has become one of the most preferred localities in Bangalore is its close proximity to IT parks like ITPL Tech Park and Bagmane Technology Centre. Connectivity to IT parks and shopping complexes such as Phoenix Marketcity and VR Bengaluru has further increased its popularity.
When it comes to the housing projects, there are a plethora of ready-to-move 1-4 BHK apartments and under-construction projects. These developments are being offered by prominent developers like Prestige Group, 5 Elements Realty, BSCPL Infrastructure Ltd, etc.
NORTH BANGALORE
1. Yelahanka
Initially known for its factory outlets and as a manufacturing hub, Yelahanka gained popularity after the Kempegowda International Airport was set up at a distance of 20 Km. The establishment of various defence organizations and seamless connectivity to NH-9, NH-7, Peripheral Ring Road, and Bangalore downtown boosted the development of the region making it one of the most desired residential localities in Bangalore.
Yelahanka is located in the North of Bangalore and houses several large-scale residential projects such as Godrej Aqua, Prestige Royale Garden, and Arvind Skylands. Despite the real estate market taking a temporary hit because of the pandemic, Yelahanka saw a price appreciation of 9%, the second-highest in the city. Moving from a business district to a thriving residential real estate hub, Yelahanka is a promising location to invest in Bangalore.
2. Hebbal
Hebbal is situated in North Bangalore along the banks of Hebbal lake. It boasts of reputed education institutes like Air Force and Vidya Niketan school; leading hospitals like Bangalore Baptist and Columbia Asia Hospital; as well as luxury hotels overlooking the Hebbal Lake.
The locality shares close proximity with employment hubs like Kirloskar Business Park, Manyata Tech, and Embassy Business Park along with companies like Phillips and AstraZeneca. Therefore, the region offers excellent employment opportunities. Hebbal is also well-connected to the Kempegowda International Airport and to the other parts of the city through Outer Ring Road (ORR) and Bellary Road.
Hebbal has an impressive infrastructure and is the hotspot for luxury real estate projects. In comparison to other micro-markets in Bangalore, Hebbal witnessed a whopping 11% growth in the last year. This can be attributed to the rapid development of IT Parks and SEZs, superior infrastructure, and closeness to social hubs.
3. Devanahalli
Also located in North Bangalore, Devanahalli has become an investment hotspot due to large tracts of unused land. While availability of large land parcels is one factor, the region’s proximity to the Kempegowda International Airport (5 Km via NH7) and new satellite ring road is the reason for its growing popularity.
The development of magnificent townships, multiple road widening projects along with close proximity to the upcoming 12,000 acres IT investment region, Devanahalli is now witnessing tremendous growth in terms of residential projects. With configurations ranging from 2 and 3 BHK apartments to luxury villas, the region houses a plethora of housing communities. The Serene, Ozone Urbana and The Serenity address Makers are some of the popular projects in Devanahalli.
The area is further poised to witness massive growth due to large scale future developments such as the Multibillion-dollars Devanahalli Business Park. This park will not only include IT & ITeS companies, but will also constitute three multi-speciality hospitals, a financial district, an aviation academy and Bengaluru International Convention Centre (BICC).
All these factors show a promising future for Devanahalli, and therefore, the region is touted to become one of the most aspired residential cum commercial localities in Bangalore.
WEST BANGALORE
Rajajinagar
In the western part of the Bangalore city lies Rajajinagar, which is one of the poshest localities and a preferred destination for high-net worth individuals, business professionals, and NRIs. Bordered by Basaveshwaranagar, Malleshwaram and Mahalakshmipuram, the area enjoys seamless connectivity to Chord Road and Kempegowda International Airport. Additionally, it is also located at just 3 Km distance from the Majestic bus and railway station.
When it comes to employment hubs, the Rajajinagar Industrial Town, Manyata Tech Park and World Trade Centre lies in close proximity to the area. Fortis and Narayana Nethralaya Eye Hospital; Vivekananda College of Pharmacy; Orion Mall, and GT World Mall are some of the renowned hospitals and educational hubs that fall in the vicinity of Rajajinagar.
For multi-storey apartments, the price per sq. ft. ranges between Rs. 10,500-17,000. However, for residential plots, the average price per sq. Yd. is close to Rs 1,40,000.
To Summarize
Bangalore continues to be one of the fastest-growing metropolises in the country due to the wide expansion of the IT sector and the availability of premier educational institutes. Thus, the demand for residential as well as office spaces is always on a rise across the city.
Whether it is for the workforce or for those who are looking for long-term investments, various localities in Bangalore offer a plethora of multi-story apartments, villas, and land plots in the mid-income or luxury range. These localities are seamlessly connected to not only commercial hubs, but share close proximity to educational institutes, hospitals, and shopping outlets. Encouraging realty trends, favourable climate, multi-cultural population, and abundant recreational choices thus make Bangalore one of the best Indian cities for settling down!
