Property Rates In Bangalore - 2024

The Property rates in Bangalore - 2024 are seeing a boom. The city is a Tech hub and offers all sorts of properties to interested buyers. Bangalore offers a wide range of residential properties to suit diverse preferences and budgets. The city offers lavish apartments in prime areas and affordable flats on the outskirts; also, it has options for all types of buyers and investors. The good connectivity and townships near the metro are preferred more.

The highest rate of property in Bangalore is in the IT areas. These areas are Whitefield, Sarjapur Road, Electronic City, Aerospace Park and many more. The locality has many top Brands' real estate projects. The available properties are plots, villas, row houses and flats.

The current property rates in Bangalore - 2024 have increased by 10%, and in the 3rd quarter, housing prices in Bangalore increased by 18% compared to last year, making it the 2nd highest increase in India. This rise was mainly seen in the areas around the outskirts of the city. The housing prices in these areas went up by 39% compared to last year. This was because of the introduction of luxury projects and the opening of new metro lines in KR Puram and Whitefield.

The Property rates in Bangalore - 2024

These are the rates of the IT sector areas that have seen a great change in the price of the property.

1. Whitefield - The current property rate in Whitefield is 10,000/sq. ft. It has grown 51.7 % in the 5 years.
2. Marathalli - The price trend in this area is 9,850/sq. ft. The prices of the property have increased by 57.6 % in the last 5 years.
3. Sarjapur Road - The area's property rate is 9,700/sq. ft. In the last 5 years, it increased up to 60%.
4. Budigere - The price trend in Budigere is 9,200/sq. ft. The price in this area rose to 65.8 % in the last 5 years.
5. Bellaundur - The locality's property rate is 12,600/sq. ft. The rate rose 90.9% in the last 5 years.

These areas also yield a good rental income as well. The excellent road, rail and air connectivity in these areas also makes it the most preferred choice. In some areas, new development of metro lines will improve the connectivity and all the areas have BMTC buses available to connect people to every part of the city. The areas also have schools, hospitals and markets. These localities have parks, hotels and other entertainment options. The proximity to IT parks gives many job opportunities and reduces travelling time.

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