Overview of Hulimavu, Bangalore

Hulimavu, situated in the southern part of Bangalore, has emerged as a vibrant real estate center. It provides a combination of residential, commercial, and investment options.

Property Types and Prices

Residential Properties

• Apartments: Prices range from ₹6,206 to ₹12,966 per square foot, averaging at ₹8,664.
• Builder Floors: They cost anywhere from ₹5,400 to ₹21,700 per square foot.
• Villas and Independent Houses: Generally more expensive, builder floors here are listed at around ₹7,900 to ₹10,700 per square foot, and independent homes come at various prices based on size and amenities.

Land Rates

• Land prices fluctuate from ₹3,900 to ₹14,650 per square foot.

Price Trends and Appreciation

• Recent Trends: Property rates in Hulimavu have had mixed outcomes. Over the past year, we witnessed a 5.04% decrease, while the last five years showed an increase of 14.2% and, over the last ten years, they have grown by 22.9%.
• Area-Specific Trends: Understanding trends in places like Krishna Layout, Hulimavu is important. For example, Nyanappana Halli in Hulimavu saw a 21.1% drop in property rates within the past year.

Rental Market

• Rental Prices: Renters can find places that fit different budgets. A 1 BHK house might cost about ₹16,000 monthly, a 2 BHK house ranges from ₹9,000 to ₹10,000, while a 4 BHK house might cost up to ₹60,000 each month.
• Amenities and Location: Rentals frequently feature amenities like proximity to supermarkets, ATMs, bus stands, temples, hospitals, and shopping malls, making Hulimavu a convenient place for living.

Infrastructure and Amenities

• Connectivity: Hulimavu has excellent connectivity to the rest of Bangalore through BMTC buses.
• Local Amenities: The area offers essential daily needs including supermarkets, hospitals, multiplexes, and shopping centers like Meenakshi Shopping Mall.
• Educational and Recreational Facilities: It has numerous educational institutions and recreational spots, making it a family-friendly neighborhood.

PropertyWala's Conclusion

Hulimavu, Bangalore offers a good mix of affordability, amenities, and potential investment growth. Even with fluctuations in recent price trends, the area’s development and infrastructure make it a promising choice for both buyers and renters. Keeping up-to-date with local trends and market changes is vital for informed decisions when investing in this area. Hulimavu’s blend of residential options, connectivity, and local amenities makes it an excellent option for those looking to settle in or invest in Bangalore’s real estate market.