Bengaluru Localities With The Highest Price Growth
Bengaluru is the fastest-growing metropolitan in India in terms of growth, development and infrastructure, as per various global researches. The growth of the IT sector in the city has coincided with infrastructural development too, making Bengaluru an ideal choice for buyers and investors to put their money in. While you are at it, it would make sense to take note of the localities that have seen the highest appreciation in terms of price growth, in the last six months.
Thanisandra Main Road
Price appreciation in past six months:Â 8.27 per cent
Total number of projects:Â 149
Located in north Bengaluru, Thanisandra is seeing major real estate activity due to the expansion of the main road as an alternative route to Bengaluru airport. Prominent developers have launched their projects in the corridor in the affordable, semi-luxury and uber-luxury category. The area is currently undergoing massive infrastructural development while most of the amenities are already provided.
Configuration | Price | Rent/month |
2BHK | Rs 33 lakhs onwards | Rs 14,000 onwards |
3BHK | Rs 52 lakhs onwards | Rs 20,000 onwards |
KR Puram
Price appreciation in past six months:Â 5.67 per cent
Total number of projects:Â 466
Located at the outskirts of east Bengaluru, Krishnarajapura is a bustling commercial hub housing a number of biotech companies, multi-national companies, IT and IT-enabled service companies. Strategically located along the NH75, the area also has a Metro station lying three kms away. This area is popular among big developers to launch projects.
Configuration | Price | Rent/month |
2BHK | Rs 28 lakhs onwards | Rs 23,000 onwards |
3BHK | Rs 42 lakhs onwards | Rs 40,000 onwards |
Banashankari
Price appreciation in past six months:Â 2.05 per cent
Total number of projects:Â 362
Located in south Bengaluru, Banashankari is one of the oldest localities in the city. It is also one of the biggest areas in the city, extending between the Mysore Road and the Kanakpura Road. The area is divided into stages, phases and blocks, with the sixth stage being the largest. The area is also home to many celebrities.
Configuration | Price | Rent/month |
2BHK | Rs 38 lakhs onwards | Rs 25,000 onwards |
3BHK | Rs 50 lakhs onwards | Rs 30,000 onwards |