Overview of Brookefield, Bangalore

Location and Amenities

Brookefield, situated in Bangalore, is a sought-after area known for its excellent connectivity to major tech parks, schools, and other amenities. It's close to ITPL (International Tech Park Limited), Kundalahalli, and other significant regions, making it a great choice for both residents and investors.

Property Types and Prices

• Apartments:
  • Apartment rates range from Rs 6,700 to Rs 15,750 per square foot. Average prices are generally between Rs 9,768 to Rs 11,450 per square foot.
  • Variety of flat sizes and configurations include 2 BHK, 3 BHK, and 4 BHK apartments.
• Land:
  • Land can cost from Rs 9,000 to Rs 17,500 per square foot.
• Builder Floors:
  • They typically cost between Rs 16 to Rs 25 per square foot.

Rental Market

• Apartments:
  • Rental costs are quite variable:
    • For 2 BHK apartments, it's ₹36,000 to ₹60,000 monthly.
    • 3 BHK apartments have monthly rentals from ₹43,000 to ₹75,000.
    • 4 BHK apartments usually rent from ₹73,000 to ₹80,000 per month.
• Additional Facilities:
  • Many rentals come with perks such as covered parking, multiple balconies, wardrobes, and sometimes zero brokerage fees.

Price Trends and Appreciation

• Year-over-Year Growth:
  • Property values have increased by 6.4% over the last year.
  • Over the past decade, flat prices have appreciated by 97.4%, while land prices have reduced by 26.8%.
• Quarterly Changes:
  • Property prices have had ups and downs. Apartment prices dropped by -5% from July-Sept 2024 to Oct-Dec 2024 but grew by 17% from Jan-Mar 2024 to Apr-June 2024.

Neighborhood and Community

• Developed Area:
  • Brookefield offers a well-developed area with good infrastructure like roads, schools, hospitals, and shopping centers.
• Expat Community:
  • The area houses both local and expat residents, promoting a diverse community.

PropertyWala's Verdict

Brookefield in Bangalore stands out as a top choice for buyers and renters alike thanks to its strategic location, numerous property options, and strong growth in property values over time. While prices see ups and downs, the general trend signals good long-term profitability. Its many amenities, proximity to tech parks, and solid infrastructure make it a prime spot for those wanting a well-linked, lively place to live. Yet, staying updated on recent price trends and market changes is key to making a well-informed decision.