Anekal's Real Estate Insights

Geography and Location

Situated around 40 km from Bangalore's central business district (CBD), Anekal is a flourishing hotspot in the city's real estate scene. Consisting of two main stretches, one from Chandapura to Anekal and the other linking Bannerghatta road with Anekal.

Realty Development

• Residential Development: Bannerghatta road leads the residential growth, combining villa projects with plotted developments. Linking to Tamil Nadu via Hosur, it stands out for joint developments.
• Commercial Development: Chandapura is experiencing notable IT-related progress, shaping it into a prospective IT hub. It has abundant commercial land, plus many active and future projects.

Infrastructure

• Roads: Major routes to ITPL are broad and clear, but some interior roads in the Bannerghatta sector need fixing. There are development plans to sort this out.
• Water and Green Spaces: Groundwater sources are robust, and the region includes lots of green areas, along with wildlife and protected zones near Bannerghatta.

Rates and Trends of Properties

Residential Rates

• Flats: Rs 3,750 to Rs 6,650 per square foot, averaging at Rs 5,000 per square foot.
• Villas: Ranging up to Rs 5,250 to Rs 7,790 per square foot.
• Builder Floors: Fluctuating rates from Rs 3,650 to Rs 10,800 per square foot.

Land Rates

• Pure Land:
  • Interior sections: Rs 600 to Rs 750 per square foot
  • Close to main roads: Up to Rs 1,000 per square foot
  • Prime roads: High, up to Rs 2,500 per square foot.

Price Appreciation

• Property values in Anekal have seen big jumps: up 40.2% last year, 69.4% over the past three years, and 47% over the past five years.
• Still, there’s been a 7.34% drop in property rates over the last year, showing a recent shift in the market.

Investment and Rental Opportunities

Investment

• Anekal is seen as a solid investment choice due to expected future growth, driven by ongoing IT and commercial projects.
• As it becomes more self-contained, you’ll find good work, entertainment, and essentials within commuting reach, appealing to both investors and potential buyers.

Rental

• Renting a 2 BHK apartment on Chandapura Anekal Road runs about Rs 10,800 per month.
• Diverse rental options include fully furnished flats, pet-friendly apartments, and high-rise abodes.

PropertyWala's Final Thoughts

Anekal, in Bangalore, stands out as a prime real estate prospect due to its equilibrium of residential and commercial properties. With better connectivity and infrastructure growth, the area is set to appreciate in worth. For investors and buyers, keeping an eye on existing market trends and changes in prices is a wise action. Thanks to its growing self-reliance and top-notch infrastructure, Anekal is projected to elevate as a notable residential and commercial center in Bangalore.