Property Rates & Price Trends in Bangalore explained and Bangalore is a coveted investment destination in South India attracting even the non-locals who come to the city for work and eventually do not mind an investment herein. Investors prefer an investment herein as the capital appreciation is sizeable. Property rates in the Bangalore are reasonable too and the annual price growth in Bengaluru increased by 442 count.com.
Top localities in Bangalore include Koramangala where the average cost of a property is Rs 5,820 per sq ft, Rajaji Nagar where average prices are Rs 11,100 per sq ft, Ashok Nagar where property rates are Rs 22,780 per sq ft and Malleshwaram where the average rate of a property is Rs 12,200 per sq ft.
Property Rates & Price Trends in Bangalore analysis explained . All these localities have a liveability quotient of 9.5 and above on a scale of 10. This means that social infrastructure in the form of schools, colleges, hospitals, shopping complexes, hangouts, provision stores and such other conveniences are close at hand. Physical infrastructure such as connecting roads, commute and transport facility is also adequate in these areas which garner such a high livability score.
If you are looking at an investment in apartment units, over 9,000 apartment projects and flats for sale are available in the range of Rs 42-52 lakh followed by over 7,100 apartments that are in the Rs 52-62 lakh budget segment. Next comes the stock of affordable properties with over 5,000 projects in the Rs 15-25 lakh budget segment followed by those in the Rs 34-43 lakh budget category.
If you are looking at villa projects, most of them are available in the price range of Rs 52-62 lakh. You can find these in Yechinahalli, Whitefield, Soukya Road, Devanagonthi, Channasandra Main Road, As of now, there are 2,500 villa projects across Bangalore.
Here are the top localities:
There are 31770 ready-to-move properties in Bangalore and 15983units that are under construction.
In Bengaluru Central area, Magadi Road, Frazer Town and Benson Town have the most number of properties for sale while Frazer Town, Benson Town and Vasanth Nagar are most popular in terms of rent.
In Bangalore East, HSR Layout, Whitefield and Indiranagar are most popular among tenants and those looking at rental returns while those looking for end-use can look at Whitefield, Hoskote and Varthur that has most stock.
In north Bangalore, if you are looking to buy, data suggest that you should Horamavu, Devanahalli and Yelahanka while Hebbal, Yelahanka and Kasturi Nagar have most properties listed for rent.
Nagarbhavi, Rajaji Nagar and Chamarajpet are top three localities in west.
Bangalore if you are looking to buy a property. If you are looking for apartments for rent, turn to Rajaji Nagar, Yeshwantpur and Malleshwaram.
In Bangalore south, Jigani, Anekal City and Chandapura Anekal Road can be your option if you are looking to buy apartments that are on sale. Koramangala, JP Nagar and Ejipura have maximum inventory when it comes to properties on rent.