Bangalore is the IT hub of India and has a lot of potential for infrastructure growth. During the last few years, Bangalore’s real estate market has witnessed stable growth. Moreover, government policies like the RERA Act, which aims to benefit both, builders, investors and house purchasers, has prompted stakeholders to recognise the value of real estate in Bangalore. These factors, coupled with IT and infrastructure development, transportation lines, quality construction and market stability, have given rise to a few best places to invest in Bangalore in 2022. Here is a look at some of them.
Also read all about the cost of living in Bangalore
Best places to invest in Bangalore: Yelahanka
Average property prices in Yelahanka: Rs 6,030 per sq ft
Average monthly rent in Yelahanka: Rs 15,880
Following the completion of the Kempegowda International Airport, this area began to attract investors and for this reason, Yelahanka emerged among the best places to Invest in Bangalore in 2018. Previously, this area was only a satellite town with many industrial plants. Yelhanka became a land of possibilities after the airport became operational. Many IT businesses have taken up space here, paving the way for residential growth. With large tracts of land and excellent connectivity via air, rail and roads, this market started attracting the attention of big developers. The area is still developing, with low land costs and high potential for price appreciation.
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Best places to invest in Bangalore: Whitefield
Average property prices in Whitefield: Rs 5,538 per sq ft
Average monthly rent in Whitefield: Rs 18,518
Whitefield is a well-established commercial area and is among the best places to invest in Bangalore. With the establishment of large IT parks in Whitefield, the region has become a hotspot for real estate investment. In Whitefield, several housing alternatives are fairly accessible to the middle class. Now that the purple line metro is connected and train services have been launched from Majestic to Whitefield, this location will undoubtedly become a hub for real estate investment.
See also: All you need to know about Namma Metro Bangalore metro map
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Best places to invest in Bangalore: Sarjapur Road
Average property prices in Sarjapur Road: Rs 6,147 per sq ft
Average monthly rent in Sarjapur Road: Rs 21,358
The Outer Ring Road links Electronics City and HSR Layout through Sarjapur Road. Sarjapur is a new hub for business and residential spaces, as the Outer Ring Road becomes overburdened with IT enterprises. Sarjapur Road has seen significant growth and is among the finest residential locations for neighbouring firms. The Outer Ring Road is expected to relieve traffic congestion on Sarjapur Road, resulting in a housing price rise. Given this, a slew of new projects are on the horizon, all of which are expected to drive up prices.
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Best places to invest in Bangalore: Kanakapura Road
Average property prices in Kanakapura Road: Rs 6,782 per sq ft
Average monthly rent in Kanakapura Road: Rs 18,255
Kanakapura Road offers a distinct benefit, due to its good connectivity to the city’s major regions. It will connect to key roads like Mysore Road, Tumkur Road, Hosur Road, and Old Madras Road via the proposed Peripheral Ring Road. This has resulted in new business and residential properties in the neighbourhood. The addition of a metro rail line and road improvements and the presence of educational institutions, have raised the area’s real estate prominence. In the following years, developments in this location could result in significant price appreciation.
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See also: Top 10 posh areas in Bangalore
Best places to invest in Bangalore: Kengeri
Average property prices in Kengeri: Rs 5,451 per sq ft
Average monthly rent in Kengeri: Rs 13,998
Kengeri is a satellite township, with industrial development and is now developing as a vibrant real estate investment centre. This area’s real estate growth is fueled by its ample infrastructure, outstanding facilities, and great connectivity. It has many business and residential spaces, which contribute to the area’s real estate profile. Pleasant Road, ORR, and Mysore Road are all easily accessible.
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Also check out the top 10 IT companies in Bangalore
Best places to invest in Bangalore: Bannerghatta Road
Average property prices in Bannerghatta Road: Rs 10,918 per sq ft
Average monthly rent in Bannerghatta Road: Rs 16,763
With locations like BTM Layout and JP Nagar close by, Bannerghatta Road emerges as one of the best places to invest in Bangalore real estate. It offers excellent access to NICE Road and Mysore Road and has vast property lots available. This is also one of the city’s oldest areas. So, you will find well-established schools, colleges, hospitals and other facilities. Its connectivity, consistent growth rate and growing development make it a safe investment bet.
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