Top 10 localities to buy a house in Bangalore and latest market trends

Bangalore is known for its bustling IT hubs, MNCs and startup culture, which attracts many working professionals to the city every year. With its cosmopolitan culture, the city caters to the modern lifestyle needs of people, with the cost of living being comparatively higher than that of other cities. Moreover, upcoming infrastructural developments drive real estate growth, boosting property demand. As a result, several developers are coming up with new real estate projects along these growth corridors. So, if you are planning to buy a residential property in Bangalore, follow this guide to know the top localities in Bangalore and current market trends.

Bangalore Property Market Trends 2024

Bangalore is among the metro cities that offer tremendous opportunities for real estate investment. In the April-June 2024 quarter, property prices have seen an 8% YOY growth, with the average price recorded at Rs 6,911, according to a Housing.com Research report.

Key drivers of the Bangalore property market include:

• The thriving IT sector and emerging startups attract significant investment, creating a steady demand for properties.
• The presence of well-developed social infrastructure, including shopping hubs, entertainment avenues, high-end amenities, etc., ensures quality of life for the residents.
• The availability of diverse housing options attracts numerous homebuyers
• Moreover, upcoming infrastructure projects such as metro projects, second airport projects, expressways, etc. aim to boost connectivity, reduce traffic congestion and generate employment opportunities, ultimately boosting the residential demand.

Top 10 localities in Bangalore 2024

Liveability index of Bangalore

According to the Ease of Living Index, an assessment tool used by the Ministry of Housing & Urban Affairs, Bangalore is recognised as the fourth most liveable city in India in 2024, followed by Pune and Ahmedabad. According to the report, the liveability score for Bangalore is 66.7. According to the latest report by Knight Frank India on the Affordability Index, home affordability has remained stable in H1 2024 (January to June 2024) as interest rates have stayed steady since the end of 2023. While Ahmedabad was rated as the most affordable housing market among the top eight cities with an affordability index score of 21% (Mumbai, Hyderabad, NCR, Bangalore, Chennai, Pune, Kolkata and Ahmedabad), Bangalore ranked at fifth position with a score of 26%.

Top 10 localities to buy a house in Bangalore

#1. Sarjapur Road

Located towards southeast Bangalore, Sarjapur Road is a sought-after real estate investment destination. It is close to the bustling IT hubs of Whitefield, Marathahalli and Electronic City, which makes it a popular choice for working professionals. There are educational institutions, renowned healthcare centres, malls, and public transport facilities that cater to the needs of the residents.  

Pros: Easy access to employment hubs and the upcoming Hebbal-Sarjapur metro line are some of the key advantages of this locality.

Cons: Congested roads, traffic jams and inadequate bus connectivity are some common issues faced by residents.

Housing options: New developments are taking place in Sarjapur Road. There are residential plots, luxury villas and gated housing projects offering 2 and 3BHK homes.

Price appreciation in last one year: 8.93%

#2. Whitefield

Whitefield is a bustling IT hub in Bangalore with tech parks and hundreds of IT companies attracting working professionals to the city. It is well-connected through Whitefield Main Road, SH-35, Old Airport Road and Whitefield Railway Station. The locality has prominent engineering colleges, schools, renowned hospitals and entertainment options. The area has public transportation and metro connectivity via the Bangalore Metro Purple Line (Baiyappanahalli to Whitefield Phase 2). The Kempegowda International Airport is around 35 km from Whitefield.

Pros: Well-planned infrastructure with top-rated schools, proximity to offices,

Cons: Besides being densely populated, the locality has traffic congestion, increased noise, air pollution, and water supply issues.

Housing options: Budget-friendly apartments and luxury residential properties, including 3 and 4 BHK flats and villas, are available for sale.

Price appreciation in last one year: -1.56%

#3. Hebbal

Hebbal is an upscale locality in north Bangalore along Bellary Road and Outer Ring Road, connecting Yelahanka and Marathahalli. The Kempegowda International Airport is easily accessible and is around 27.5 km from the neighbourhood. There are several IT parks in the vicinity that draw several working professionals. Hebbal is also a thriving retail hub with shopping malls. Social infrastructural facilities also include schools, colleges, hospitals, etc.

Pros: Hebbal has upcoming metro stations, which will ease connectivity to the rest of the city. Proximity to the airport and offices in the vicinity are among the major pluses of this locality.

Cons: Traffic congestion and lack of parking spaces are some of the major concerns among the residents in Hebbal.

Housing options: There are several housing projects offering spacious 1, 2, 3, 4 and 5 BHK flats, catering to the diverse housing needs of buyers.

Price appreciation in last one year: – 15.08%

#4. Yelahanka

Yelahanka is a neighbourhood in northern Bangalore with proximity to employment hubs such as Manyata Tech Park and Hebbal via NH-44. The Kempegowda International Airport is about 17 km. Arterial roads such as NH-44, SH-9, Kogilu Main Road and Bellary Road are well-connected to the locality. Educational institutes, healthcare centres, malls, etc. are present in the area. The extension of the North-South Metro corridor is expected to boost connectivity in Yelahanka.

Pros: Proximity to the airport and good connectivity to other parts of the city are the strong points of this locality.

Cons: Lack of metro connectivity at present and congested roads are some concerns of the residents.

Housing options: Several new residential developments have taken place. There are housing projects offering 1, 2 and 3BHK flats catering to different budget categories.

Price appreciation in last one year: – 19.36%

#5. Bommanahalli

Bommanahalli is a neighbourhood in southern Bangalore close to the NH-44, Hosur Road, Outer Ring Road and the IT hub of Electronics City. The airport is around 43 km from the area. Bommanahalli has well-developed social infrastructure, including hospitals, colleges, malls and public transportation. The area has metro connectivity on the north–south corridor of the Yellow Line of Namma Metro.

Pros: Owing to the proximity to MNCs and central business areas such as BTM Layout, Koramangala, and HSR Layout, working professionals prefer this area.

Cons: High traffic congestion and pollution issues are the common problems.

Housing options: There are several affordable property options and luxury apartments for investment.

Price appreciation in last one year: 6.63%

#6. Electronic City

Electronic City is a popular IT hub in south Bangalore, and top IT companies such as Infosys, Wipro, HCL, TCS, Biocon, and Tech Mahindra are present. It is a well-developed area with greenery and reputed hospitals, schools, shops and restaurants that cater to the needs of the people. The Hosur Road is an arterial road connecting the locality to other parts of the city. The upcoming domestic airport in Hosur will boost connectivity in this location.

Pros: Proximity to IT offices and the upcoming metro station at Electronic City Phase 2 is on the Yellow Line, are some major advantages of this locality.

Cons: Pollution and congested roads are the key issues faced by residents. Electronic City is an expensive area in Bangalore, and the cost of living is quite high.

Housing options: There is a range of housing options, including affordable 1, 2 and 3BHK flats and luxury villas are available for sale.

Price appreciation in last one year: 0.65%

#7. Bannerghatta Road

Bannerghatta Road, also known as the State Highway 87, is a popular residential locality in south Bangalore. Several IT companies have a presence in the region. Besides, the IT hubs of Electronic City and Outer Ring Road enhance the desirability of this locality. This corridor from Adugodi on Hosur Road and connects areas such as Bannerghatta, Jigani and Anekal. The airport is nearly 41 km from this locality. The upcoming Pink Line of the Bangalore Metro will boost connectivity to this area. There are various social amenities available.

Pros: Fast-developing infrastructure and god connectivity are among the advantages of this locality.

Cons: Traffic issues, lack of proper bus connectivity and lack of amusement parks for children are some residents’ concerns.

Housing options: A range of affordable and luxury residential properties are available for investment. Among these, 1, 2 and 3BHK apartments are popular.

Price appreciation in last one year: 18.63%

#8. Kengeri

Kengeri is a suburban neighbourhood in western Bangalore, known for the presence of Bangalore University and RV College of Engineering. Moreover, IT offices are coming up in the vicinity. The social infrastructure is well-developed, which includes restaurants, shopping malls, markets, etc. The area is well-connected to the city centre, the NICE (Nandi Infrastructure Corridor Enterprises) Road, and the Bangalore-Mysore Expressway.

Pros: The Namma Metro will be extended to Kengeri and the proposed Peripheral Ring Road, which will enhance the location advantages of Kengeri.

Cons: Frequent traffic issues and some areas being deserted during the night are some concerns of the residents.

Housing options: There are affordable 2 and 3 BHK flats and residential plots available for investment.

Price appreciation in last one year: 25.19%

#9. Marathahalli

Marathahalli is a locality in eastern Bangalore with easy accessibility to IT hubs and key localities of the city via arterial roads like Outer Ring Road (ORR), Sarjapur Main Road and Marathahalli Main Road. The KR Puram Station is around 8 km from the locality. Social infrastructural facilities, including shops, medical facilities and schools are located nearby. Upcoming metro connectivity is expected to boost connectivity.

Pros: The strategic location of Marathahalli near arterial roads is a major advantage.

Cons: Traffic congestion, pollution and infrastructural issues are some of the problems.

Housing options: Apartments of 1, 2, 3 and 4BHK and residential plots are available for investment.

Price appreciation in last one year: -7.8%

#10. Koramangala

Koramangala is an upscale residential and commercial neighbourhood of Bangalore, with presence of IT parks and startups in the vicinity. Social infrastructure is well-developed with pubs, bars, cafes, and eateries. There are several shopping malls and markets. The area will have an upcoming metro connectivity. The international airport is around 40 km from this locality. The BTM Layout metro station on Namma Metro’s Yellow line is around 3.5 km.

Pros: Infrastructure developments are taking place with upcoming flyover and metro link, which is expected to boost connectivity.

Cons: Traffic jams and parking issues are some major concerns for residents.

Housing options: Residential apartments and independent houses

Price appreciation in last one year: 28.64%

Things to consider when buying a property in Bangalore

• Research options based on budget: Before planning to purchase a flat in Bangalore, one should consider their budget requirements as several localities are expensive, while some are known to offer affordable housing options. Within the same locality, one may find a range of housing options. So, make sure to conduct thorough research.
• Assess the type and price of properties: One should note that the property prices will vary based on the location, amenities, size of the property, infrastructure, market demand, etc. Residential options include 1, 2 and 3BHK flats and independent villas. Choose the right option based on your space needs.
• Evaluate the neighbourhood: When considering the location, make sure to check accessibility to the workplace. Ensure the area has good infrastructure or an upcoming metro link. This can save you from commuting hassles.
• Follow legal procedures: Make sure to conduct legal due diligence before buying a property. Be ready with a checklist of all documents, including the title deed and encumbrance certificate, to avoid any issues. check if the approvals and NOCs from relevant authorities have been obtained.
• Property registration: Property buyers in Bangalore must be aware of the property registration process and the latest guideline values, stamp duty, and registration charges. This will help them estimate the total cost of their property purchase.

Housing.com News Viewpoint

Bangalore is witnessing infrastructure developments such as the upcoming metro, road projects, and a second airport. These developments have increased investment opportunities across key localities. Whether you are purchasing a property for end use or for investment purposes, there are a range of options available across the city. Consider investing close to these growth corridors for sound returns.

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