Bilekahalli, Bangalore Overview

Location and Development

This neighborhood, situated in South Bangalore, lies along the Bannerghatta Road. It falls within a thriving region with notable phases such as Ranka Colony, Vijaya Bank Layout, and other nearby neighborhoods.

Property Prices

• Starting Price: Properties here start around Rs. 5,317 per square foot.
• Average Price: On average, property costs are about Rs. 8,056 per square foot.
• Maximum Price: The most expensive properties go up to Rs. 15,625 per square foot.

Property Types

• Apartments: They dominate and range from Rs. 5,317 to Rs. 15,625 per square foot.
• Independent Houses: Similar to apartments in costs.
• Builder Floors and Plots: These are less frequent, exact pricing details are not widely showcased.

Rental Market

For renters:

• 2 BHK Apartments: Monthly rent for a 2 BHK apartment goes from ₹35,000 to ₹38,000, depending on the society and amenities.
• Average Rent per Sq.Ft.: Average rent per square foot can range from ₹ 23 to ₹ 30, based on location and amenities.

Price Trends

• Year-over-Year (YoY) Growth: Property rates in Bilekahalli have dropped by about 30.71% within the past year.
• Quarterly Changes: Recent quarters have had small increases and declines, showing overall a stable to slightly declining market trend.

Amenities and Infrastructure

• Schools, Colleges, and Healthcare: Bilekahalli is near multiple prominent schools, colleges, and healthcare centers, making it a convenient residential spot.
• Recreational Areas: It's also close to malls, parks, and amusement parks, which add to the area’s quality of life.

Pros and Cons

Pros

• Convenient Location: Bilekahalli is linked to major areas in South Bangalore via Bannerghatta Road.
• Amenities: Residents can easily access educational institutions, healthcare, and recreational spots.
• Diverse Property Options: They offer various price ranges and types, including apartments and independent houses.

Cons

• Price Volatility: Current trends suggest a considerable drop in property prices, something that could trouble long-term investors.
• Market Stability: Though it may appear stable, the market’s low changes might affect immediate resale values.

PropertyWala's Conclusion

Bilekahalli in Bangalore offers mixed potential. Its well-developed framework, good connectivity, and amenities are appealing. Yet, recent declines in property prices could challenge investors. Still, those seeking easy living spaces might find Bilekahalli suitable. To buy or rent, keep an eye on price patterns and market steadiness.