Real Estate Overview of Peenya, Bangalore

Property Prices and Trends: Peenya, Bangalore, has a diverse real estate market with varying property prices. Apartment prices per square foot can range widely, from Rs. 4,500 to Rs. 15,833 per sqft. The average sits at around Rs. 9,557 per sqft.

For land and plots, prices also vary from Rs. 6,650 to Rs. 10,700 per sqft.

Locality and Amenities: Peenya is a blend of industrial and residential locales. An important industrial area, it attracts factories and offices, creating a major employment hub for the city of Bangalore. This steady demand influences both buying and rental properties in Peenya.

The locality boasts several schools, including MM Bright School and PES School, and institutions for higher education, like ST PAULS COLLEGE and Vidya Soudha PU College. Hospitals like Sri Tirumala Hospital and ESIC Model Hospital are vital healthcare facilities here. Shopping needs are met by Orion Mall and Vaishnavi Sapphire Centre. Moreover, parks, community centers, sports facilities, local markets, banks, ATMs, and post offices make daily life convenient for residents.

Infrastructure and Connectivity: Peenya's infrastructure shows significant improvements, thanks to metro connections which have enhanced the area's appeal to both residents and investors. These improvements in connectivity and infrastructure have pushed up property values.

Rental Market: Those looking to rent will find prices range between Rs. 9,500 to ₹32,000 per month. There's a variety available of 1 BHK, 2 BHK, 3 BHK, and 4 BHK apartments. For instance, a 3 BHK property can come between ₹30,000 to ₹45,000 per month, depending on size and amenities.

PropertyWala's Final Assessment

Peenya, Bangalore, has a vibrant and varied real estate market, making it a compelling choice for both buyers and renters. Its industrial significance, coupled with well-developed facilities and infrastructure, assures continued property demand. Whether buying or renting, options for various budgets and needs are plentiful. However, it is crucial to monitor price trends closely and to consider specific needs and amenities before deciding. With a mix of residential and industrial spaces, Peenya stays a promising place for real estate investment in Bangalore.