Overview of Bagalur, Bangalore

Location and Connectivity

Bagalur, located in North Bangalore, offers a strategic position near key transportation routes like NH-44 and the Outer Ring Road. This connectivity makes Bagalur a good spot for those working in nearby employment areas and wanting easy access to other parts of the city.

Property Prices and Trends

• The typical flat rates in Bagalur range between ₹8,350 and ₹10,300 per square foot, with the average hitting ₹9,250 per sq ft.
• 1 BHK flats are priced between ₹42.73 lakhs to ₹64 lakhs while 2 BHK flats range from ₹50 lakhs to ₹1 crore.
• Land rates vary between ₹1,600 and ₹4,500 per sq ft.

Price Appreciation

Bagalur has shown considerable price rises:

• Flat rates had a 16.3% increase in the last year, a 70.6% rise in three years, 124.1% in five years, and 66.1% in the last decade.
• It tops Bengaluru in housing price appreciation, with growth of 90% since 2020.

Types of Properties Available

• Apartments: Available in 1, 2, and 3 BHK configurations, many offering premium residential complexes with top-notch amenities.
• Land: Plots for individuals wanting to build their property.
• Builder Floors: Less common but also available.

Amenities and Facilities

Bagalur houses many residential projects with various amenities such as:

• Water and drainage by the corporation
• 24*7 power backup
• Lifts and security
• Swimming pools and gyms
• Kids' play areas and jogging tracks
• On-site retail for everyday needs
• Libraries, yoga, and meditation rooms along with other leisure areas.

Infrastructure and Development

Bagalur is seeing rapid infrastructure improvements including:

• Close proximity to major employment hubs, schools, and medical facilities.
• Plans to upgrade the Kempegowda International Airport and the proposed Peripheral Ring Road (PRR) promise more demand and fewer travel times.
• Well-connected, it's a favorite for young professionals and families.

Rental Market

For renters:

• 1 BHK apartments are available for approximately ₹17,000 per month.
• 2 BHK rentals are around ₹26,000 a month.
• Many rental properties come semi-furnished with modular kitchens, wardrobes, and 24*7 power backup.

PropertyWala's Conclusion

Bagalur, Bangalore, stands out as a great choice for both purchasing and renting. With its strategic location, solid infrastructure, and notable price appreciation, Bagalur offers convenience and long-term investment potential. Being close to major transportation routes, employment hubs, and the forthcoming Kempegowda International Airport makes it ideal for those who want ease and strong investment. With many property types and amenities, Bagalur is on an upward trend in the real estate market, making it a smart choice for those wanting to invest or live in this area.