The rising commercial demand in West Bangalore is actively prompting the residential sector to thrive, ultimately steering the city towards enhanced development.
Factors such as the Mumbai-Bangalore Industrial Corridor, the Greater Peenya Industrial Area, the proposed Peripheral Ring Road (PRR) Metro Rail connectivity, the Dabaspet Industrial Area, and integrated townships along the NICE Corridor are collectively establishing this western part of the city as a notable investment destination. Numerous industries—including automotive parts, manufacturing, electrical, electroplating, pharmaceuticals, chemicals, electronics, building materials, aerospace components, garments, castings, forgings, foundries, and scientific instruments—currently own plots in this region of Bangalore.
Connectivity is robust, with well-planned routes leading to the Peenya International Airport via Mysore Road. The area is also seamlessly linked to the NICE Corridor and boasts access to the metro rail network. Additionally, the well-established Yeshwanthpur market features a micro-market that provides essential healthcare, retail, and other public infrastructure, effectively encouraging more people to consider residing here.
As Shrinivas Rao, CEO of APAC at Vestian Global Services, mentioned, several key factors contribute to the rising property values in Bangalore. These include the presence of economic complexes, industrial sectors, exceptional physical infrastructure, and remarkable connectivity to public conveniences nearby. Since 2008, this western zone of Bangalore has seen a significant influx of IT and ITeS companies establishing their presence, particularly in industrial locales like Kumbalgodu and Bidadi. As a consequence, nearby residential areas such as Kengeri have emerged as preferred choices among professionals working in these sectors. Reports indicate that the Kumbalgodu Industrial Area, Bidadi Industrial Area, and Global Village IT Park collectively house approximately 80,000 employees. The rapid expansion of metro connectivity in this area has further simplified commuting and saved employees valuable time during their workdays.
With various advantages including easy access to NICE Road, Outer Ring Road, and Tumkur Road, the region is poised for further residential property growth in Bangalore West.
Currently, the development landscape in this part of the city features an array of apartment projects and plots in Bangalore West. The Kengeri residential enclave includes numerous mid-segment apartment complexes and townships, with an anticipated annual growth rate in residential sales of 6-8 percent and a rental yield projected at 4 percent.