Bangalore's Real Estate Growth Pattern: A Shift to the North
Analysis of Growth Pattern
The growth pattern of Bangalore has witnessed a significant shift towards the North, encompassing areas such as Banaswadi, Peenya Industrial Estate, Yashwantpur, and Yelahanka. This growth momentum is largely attributed to the development of the International Airport in Devanahalli.
North Bangalore: Rapid Residential Development
- Key Areas: Bellary Road to Yelahanka
- Development Type: Residential
- Price Range:
- Residential: ₹3,000 - ₹10,000 per square feet
- Commercial: ₹2,000 - ₹7,000 per square feet
- Growth Outlook: Positive, with the international airport serving as a catalyst
South Bangalore: Driven by Electronic City
- Key Areas: Electronic City, Sarjapur Road, Jaynagar, J.P Nagar, BTM Layout
- Development Type: Primarily Residential, with IT/ITES offices
- Price Range (2007):
- Residential: ₹2,800 - ₹7,000 per square feet
- Commercial: ₹3,500 - ₹7,000 per square feet
- Price Growth (2007): Approximately 5.6%
East Bangalore: Emerging as a Commercial Hub
- Key Areas: Whitefield, Kormangala, Indiranagar, Hosur Road
- Development Type: Commercial, with ongoing infrastructure improvements
- Price Range:
- Residential: ₹2,500 - ₹7,700 per square feet
- Commercial: ₹3,000 - ₹8,000 per square feet
- Connectivity: Metro rail and road connectivity projects underway
West Bangalore: Stable Residential Market
- Key Areas: Malleshwaram, Rajaji Nagar, Chord Road
- Development Type: Primarily Residential
- Price Range:
- Residential: ₹2,000 - ₹6,500 per square feet
- Commercial: ₹3,000 - ₹6,000 per square feet
- Market Outlook: Stable prices due to residential focus