Overview of Yelahanka New Town 4th Phase, Bangalore

Location and Accessibility

Yelahanka New Town's 4th Phase rests in the eastern part of Bangalore. Well-linked to major city hubs via Bellari Road and other vital roads, it comes with the perks of being close to the Bangalore International Airport, making it enticing for both locals and investors.

Property Types and Pricing

• Apartments:

  • The average cost per square foot in the 4th Phase's apartments varies from ₹5,200 to ₹5,654.
  • Typically, flat prices range between ₹6,300 and ₹8,550 per square foot across Yelahanka New Town.

• Land/Plots:

  • Land rates here are roughly ₹1,100 to ₹8,450 per square foot.
  • Individual plots in Yelahanka 4th Phase can reach up to ₹1.56 crore for residential use.

• Villas and Builder Floors:

  • Villas can command large sums; for instance, a substantial 4 BHK villa might cost around ₹66.75 lakhs.
  • Builder floors cost from ₹5,850 to ₹6,850 per square foot.

Market Trends

• Price Appreciation:

  • Yelahanka New Town apartment prices rose by 19.4% over the past year and soared 102.6% across the previous decade.
  • However, rates in the 4th Phase dropped by 24.08% in the last year.

• Quarterly and Yearly Growth:

  • Trends fluctuate; recent quarters mix both increases and decreases. From October to December 2023, there was a minor apartment price drop, while from January to March 2024, prices rose slightly.

Amenities and Infrastructure

• Education and Healthcare:

  • We find several top-tier schools and educational institutions in the area.
  • Also nearby are numerous healthcare facilities and hospitals.

• Shopping and Leisure:

  • Yelahanka New Town features multiple shopping centers, markets, and entertainment places.
  • Parks and recreational areas are close by, enhancing the quality of life.

Pros and Cons

Pros:

• Excellent connectivity both to the airport and city areas.
• Long-term rise in property values.
• Different types of properties, from apartments to villas and plots available.
• Well-developed infrastructure with schools, hospitals, and shopping centers.

Cons:

• Short-term price changes have affected the property market recently.
• Peak-hour traffic congestion due to the area's rising popularity.

PropertyWala's Conclusion

Choosing to buy or rent property in Yelahanka New Town 4th Phase means considering both current market trends and long-term benefits. Even with recent price declines, the area’s long-term growth remains strong and amenities are nearby. Investors should factor in historical appreciation and future growth potential. For homeowners, the range of property types and the convenience of essential services make it a good residential choice. Carefully monitoring the market, however, is crucial to make a well-informed decision at the best time.