Overview of Peenya Industrial Area, Bangalore

Location and Connectivity

Peenya Industrial Area sits in the western part of Bangalore, Karnataka. It has great links to key transport systems. There are 54 bus stops and major transport hubs at Yeshwanthpur, Peenya, Jalahalli, and Vidyaranyapura. This strong connectivity supports both industrial operations and living needs, making sure the transport of goods and people runs smoothly.

Industrial and Economic Significance

Peenya Industrial Area is a bustling hub with a wide variety of industries like manufacturing, engineering, information technology, and biotechnology. Some major companies based here are Bharat Electronics Limited (BEL) and Hindustan Machine Tools (HMT), marking it a key economic hub.

Property Prices and Trends

Residential Properties

This area offers many different residential choices, such as flats, villas, and plots.

• Prices for villas range from ₹60 lac to ₹1.5 crore, and plots from ₹59.99 lac to ₹1.19 crore.
• On average, residential properties in the Peenya area cost around ₹9,557 per square foot, although this can change based on your exact location within the industrial zone.

Industrial Properties

There are also plenty of industrial plots and lands for sale here.

• Prices for these vary from ₹2 crore up to ₹40 crore, depending on the size of the plot and any extra features.
• For instance, a 10,500 square feet industrial plot might cost about ₹6.25 crore, while a smaller one, 5,302 square feet, could be for perhaps ₹5.51 crore.

Rental Properties

There are rental options like flats, houses, builder floors, and commercial properties.

• Warehouse rental prices can range from ₹4.3 lac to ₹4.7 lac. The average rent per square foot for these warehouses comes in roughly between ₹29 and ₹35 per square foot, based on Peenya's specific location.

Amenities and Infrastructure

Social Infrastructure

We see a lot of improvements in social structures, with new schools, hospitals, and recreational places.

Utilities and Facilities

Industrial parcels usually come with utilities like power supply (up to 155 KVA), a steady water supply, and built-up sheds.

Pros and Cons

Pros

• Strong Connectivity: Easy access to major transport systems.
• Industrial Hub: Presence of large-scale industries which provides job opportunities.
• Amenities: Plenty of social infrastructure, with many schools, hospitals, and recreational areas.
• Investment Potential: Great market for buying and selling properties due to its growing demand and industry base.

Cons

• Industrial Environment: Possible noise and pollution issues.
• High Costs: Although there are cheaper options, some property prices here can get quite high, especially for industrial spaces.

PropertyWala's Conclusion

Peenya Industrial Area, Bangalore, presents both industrial and residential possibilities for investors and people looking for homes. With great links to transport, different types of industry, and improving social infrastructure, it's a promising market. Just remember to look at the pros and cons, like the potential for an industrial atmosphere and the price differences. Peenya Industrial Area is a promising option both for investors and regular buyers in Bangalore's dynamic, growing neighborhood.