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Bangalore Real Estate Price Trends

14 Comments   |   May 2, 2007    09:18am   |Contributed by Indian Realty News

Bangalore (Bengaluru) is the original IT destination of India and still the best bet for any investor contemplating investments in the IT sector. Its burgeoning contribution to the IT sector has made the city synonymous to the industry itself. Moreover, Bangalore has been the destination for many ITES and BPO organizations in the last few years. This has created a void in the demand and supply for commercial as well as residential properties in Bangalore.

In the commercial segment, office spaces have been the most in demand as companies are either shifting base to Bangalore or expanding their business. The developers are also catering to the investor’s demand in developing a competitive market for state-of-the-art office spaces. Even the retail segment has shown tremendous growth during the past few years.

The ‘garden city’ has by far succeeded in attracting the attention of several multinational ventures and Non Resident Indians (NRIs). With more foreign investment flowing in the city and Indian property developers competing to carve a niche in the global market, there is an increase in demand for international state of the art offices within the fast flourishing Bangalore.

Such an enormous growth itself speaks for rising property prices whereas the developers target the city ensuring the allotment of quality spaces at reasonable prices. With regard to commercial spaces, the demand for residential units is also shooting up at a rapid rate in Bangalore.

The following chart sheds considerable light on the property prices of both the residential as well as commercial units in Bangalore:

Bangalore (Bengaluru) Property Rates

Location Residential Commercial
M. G Road 2800 - 4000 4000 - 9000
Cunnningham Road 2800 - 5500 4500 - 5000
Jayanagar 2500 - 3400 3000 - 4500
Basavangudi 2100 - 3200 3000 - 4000
Koramangala 1800 - 2800 2500 - 4500
Ulsoor 1800 - 3000 2000 - 3000
Langford Road 1600 - 2800 2000 - 3000
Richmond Road 1600 - 2800 2000 - 3000
Palace Cross Road 1200 - 2200 2400 - 3200
Levelle Road 2500 - 4000 3000 - 4000
Domlur 1500 - 1800 2000 - 3000
Bannerghetta Road 1100 - 1600 2000 - 3000
Nagarbhavi 1200 - 1600 1800 - 2800
R. T. Nagar 1500 - 1800 2000 - 3200
Cox Town 1800 - 2500 2800 - 4000
Yelahanka 1150 - 1600 2000 - 3000
J. P Nagar 1500 - 2100 2000 - 3000
Augodi 1200 - 1400 2000 - 2500
Maker Circle 1400 - 2200 2000 - 2700
Dollars Colony 1600 - 1800 2000 - 3000
Brigade Road 3000 - 4500 5500 - 7500


** Price as per the market value in April 07
** Property Rates are subject to change due to market vagaries and may differ by virtue of location and project, depending and facilities and other factors.

News Published Under:   Bangalore, Real Estate India | 14 Comments »



14 Responses to “Bangalore Real Estate Price Trends”

Leena Says:  |  March 12th, 2007 at 1:44 pm  

I am looking for 2/3 bed room flat and my budget is 10 L

Madhu Says:  |  April 2nd, 2007 at 10:22 am  

Hello,

I see that there is a huge discrepancy between the property rates (land) stated and the rate quoted in the market (Ex: Banngerghatta Rd Rs.1100-1600/sft) , though tempered with a disclaimer that the rate may vary depending on location, facilities etc.

There is not a single property closer to city and quoted less than Rs.2250/sft on Bannerghatta Road. Can anyone tell how this property rates are arrived/source. If possible let me know who is offering land @ at the prices mentioned in the “Bangalore (Bengaluru) Property Rates” table:-)

regards,
Madhu

JANE IDA Says:  |  April 12th, 2007 at 8:38 pm  

The rates mentioned in this column absolutely wrong. Nobody even dream of these prices in Bangalore. No promoter is offering these prices. Probably you are quoting three years old prices.

Please give the correct pricing picture to the readers and do not mislead them.

Durga Says:  |  May 4th, 2007 at 12:50 am  

I shocked after seeing these prices. Do you think anybody selling apartments for that price in Blore. Please give us some correct latest price.

Thanks

Indian Realty News Says:  |  May 7th, 2007 at 10:26 am  

Dear Readers,

We thank you for your quick response and productive suggestions. The city specific articles give you additional information on prevailing real estate trends and are intended to assist you in finding answer to your queries.

We have tried our level best to scout every reliable source to provide you with the correct data for property prices that you can count on. If you have any information to bring the improvements in chart, add your suggestions to the comment section.

Thanks
Editor

TECHY2468 Says:  |  June 3rd, 2007 at 3:59 am  

why dont you further seperate land price vs apartment price.

as far as i know in JP nagar land price is avg 3000/sft, apartment is 1500/sft

Girish Says:  |  June 6th, 2007 at 4:36 pm  

Hello,

can you any one of you pls let me know what could be the persq ft value at basavanagudi ( near NR colony bus stop)

Regards,
Girish

Tuhin Verma Says:  |  June 28th, 2007 at 9:44 am  

I would also like to know the going rates for prices in and near electronics city. If these prices that you have scouted for are property prices (and not land prices) , please do let me know where at MG Road I would be able to get 2800 Rs/Sq Ft. And 4000 Rs/ Sq Feet is prevailing rate at outer ring road/HSR layout.

nagaraj Says:  |  August 20th, 2007 at 5:05 pm  

i want to purchase land in Hosur main road Bangalore can i know the rate thier i need minimum 15acres land thier

Pasha Says:  |  September 17th, 2007 at 1:05 pm  

i want to sell my property at KHB colony Basveswara Nagar, it is a corner site measuring 34x45ft. Can any one help to the give information about the current sq.ft price in this area. thanks

madhukar Says:  |  September 23rd, 2007 at 6:40 pm  

i have site in neeladri nagar,behind wipro,electronic city,maradodanahalli &iwant whether it wiil be regularised by govt? &price value of site measuring 30 *40?

Sudhakar Says:  |  September 28th, 2007 at 2:10 am  

Please let me know the current price per sq ft for apartments in the following areas:
1) Bannerghatta Road
2) Electronics City
3) JP Nagar
4) Padmanabha Nagara

rekha Says:  |  February 9th, 2012 at 5:26 am  

hi I am looking for flat to by can any one let me know how is the 2 bedroom flat in mattikere

Aditya Says:  |  February 27th, 2012 at 2:41 pm  

Can you provide me the Circle Rates of Jayanagar, Bangalore….