Top 5 Localities For Investment In Bengaluru

India’s information capital Bengaluru has remained a favourite among investors because it is the top performing city when it coming to generating rental yield.

It is equally beneficial to have a house in this city, which according to Global Wealth Migration Review is expected to witness tremendous growth in the coming decade driven by its “many industries”. 

PropGuide lists five localities in the city where the demand for residential real estate is the highest.

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Whitefield Hope Farm Junction

Livability score: 8.3

Average price: Rs 5,429 psf

This locality is an emerging residential market located in the suburbs. The rising demand for real estate here is driven by the IT hubs in and around the locality attracting a huge workforce here. Many, who want to live close to their workplace, look for property on sale or on rent in Whitefield Hope Farm Junction. The locality is well-connected to the city centre, too, through the Old Madras Road (OMR) and the Outer Ring Road (ORR) . The locality will also have Metro connect with a station at Whitefield.

Project range: Currently, Whitefield Hope Farm Junction has a total of 285 projects, of which 253 are ready to move in while 28 are under construction. Property here consists of plots and apartments in 1BHK, 2BHK, 3BHK and 4BHK configurations. These are available in the price range of Rs 32 lakh-Rs 4.99 crore.

Also read: These Bengaluru Localities Offer Luxury Property Within Rs 1-1.5-Cr Budget

Electronic City Phase-I

Livability score: 7.8

Average price: Rs 3,958 psf

Electronic City Phase-I is one of the most popular localities among techies and those working in multinational organisations here. The locality, spread in an area of 322 acre, is among the largest electronic industrial parks in the country. It is also surrounded by some of the prime residential markets such as HSR Layout, Kammanahalli, Bommanahalli and Bilekahalli. The locality is already connected to the National Highway; it will also be connected through the Namma Metro’s Yellow Line which is expected to become operational by the end of 2019.

Project range: There are over 210 projects here, of which 195 are ready to move in and the remaining are under construction. The offerings here include plots and apartments in 1BHK, 2BHK, 3BHK and 4BHK configurations with prices starting at Rs 24 lakh and going up to Rs 1.6 crore.

Also read: 5 Housing Projects In Bengaluru That Are Worth Your Money

Yelahanka

Livability score: 7.8

Average price: Rs 4,952 psf

Lying on the northern outskirts of Bengaluru, Yelahanka has become a popular real estate destination owing to its proximity to the Kempegowda International Airport. The locality has various multinational companies with their offices around Yelahanka. The locality is among the oldest real estate markets will soon be connected through the Airport Metro route. 

Project range: For those planning to invest here can opt between 151 projects on offer. Of these projects, 119 are ready for possession while 26 are under construction. These properties are available in 1BHK-5BHK configurations with starting price ranging between Rs 31.5 lakh-Rs 3.89 crore.

Bellandur

Livability score: 9

Average price: Rs 6,000 psf

Bellandur is known to be one of the prime property markets of Bengaluru, housing some of the city’s best projects located. With IT parks lying with 10-km radius, Bellandur is the choice of location for many working in the companies here. The locality is likely to be a part of the Outer Ring Road Metro project that is yet to receive the state government’s approval.

Project range: Bellandur has over 225 projects that the homebuyers could opt from. For those looking for ready-to-move-in options, there are over 210 projects in this category. The apartments here include 1BHK, 2BHK, 3BHK, 4BHK and 5BHK apartments with prices starting at Rs 24.8 lakh going up to Rs 4.51 crore.

Whitefield

Livability score: 8.3

Average price: Rs 5,500 psf

Part of Greater Bengaluru, Whitefield is an emerging real estate destination in the suburbs. Those working in this part of the city prefer investing in this affordable property market.

Project range: Whitefield has a pool of projects that the investors or homebuyers could look at. The locality has nearly 500 projects in different stages of development. These apartments are available 1BHK-5BHK configurations priced between Rs 37 lakh-Rs 4.99 crore.

Note: Average rate, livability scores of localities are sourced from PropTiger.com.

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