Kengeri Hobli, Bangalore: A Quick Breakdown

Location and Transportation

Kengeri Hobli is nestled in southwest Bangalore, close to significant spots like Bangalore University, Rajarajeshwari Nagar, and the Mysore-Bangalore road. Recently, metro stations like the Kengeri Metro Station have popped up, making areas easier to reach.

Property Options and Their Prices

Kengeri Hobli has a variety of properties aimed at meeting different tastes and costs.

• Apartments:

  • They cost from ₹3,000 to ₹7,500 per square foot.
  • With prices around ₹6,100-₹6,255 per square foot, 1 BHK, 2 BHK, and 3 BHK units are available.

• Independent Houses:

  • These generally price between ₹50 lakhs to ₹1.5 crores.
  • Sizes can go up to ₹10 crores.

• Villas:

  • Starting from ₹1.5 crores, prices escalate based on size and location.
  • On average, per square foot costs hit ₹6,337.

• Plots and Land:

  • Costs range from ₹30.1 lakhs to ₹3.62 crores.
  • Per square foot, rates are ₹5,750-₹8,350.

Market Pricing Over Time

The real estate prices in Kengeri Hobli have swelled notably:

• In one year, flat rates rose by 1.8%.
• Over three years, they leaped by 20.8%.
• In the last five, a 38.1% increase was noted.
• In the decade, 61.1% growth is observed.

Land saw:

• A yearly increase of 20.8%.
• A 46.5% rise over three years.
• A 62.9% hike in five years.
• An impressive 126.6% gain in ten years.

The Rental Scene

Kengeri Hobli's rental market is thriving:

• Monthly rentals for 1 BHK range from ₹12,000 to ₹18,000.
• 2 BHK units range between ₹15,000 and ₹25,000.
• 3 BHK options are priced between ₹20,000 and ₹30,000.

Facilities and Infrastructure

Kengeri Hobli:

• Offers easy access to educational institutes like Bangalore University.
• Comes with healthcare facilities, especially favored by medical professionals.
• Well-connected through metro stations and significant routes such as the Mysore-Bangalore highway.
• Boasts projects from famous developers like Brigade Group, Sobha Limited, and Puravankara with diverse amenities.

Popular Estates and Communities

Noteworthy societies and projects include:

• Brigade Meadows
• Sobha Lake Gardens
• Puravankara Purva Sunflower
• Supreme Symphony
• Arohana Serenity
• Linea Sunflower
• RS Sanchike
• Elite Residency Kengeri

PropertyWala's Insights

Kengeri Hobli, Bangalore, stands out as a lucrative real estate venture mixing city perks with a serene feel. Its strategic placement, a strong rental market, and continual upward price trends make it tempting for both buyers and renters. Offering a range of properties suited for varying budgets and housing projects from eminent developers, Kengeri Hobli is heading for growth and stands vibrant as a residential hub in Bangalore.