Property Rates In Bangalore - 2024
The Property rates in Bangalore - 2024 are seeing a boom. The city is a Tech hub and offers all sorts of properties to interested buyers. Bangalore offers a wide range of residential properties to suit diverse preferences and budgets. The city offers lavish apartments in prime areas and affordable flats on the outskirts; also, it has options for all types of buyers and investors. The good connectivity and townships near the metro are preferred more.
The highest rate of property in Bangalore is in the IT and business areas. These areas are Whitefield, Sarjapur Road, Electronic City, Aerospace Park and many more. The locality has many top Brands' real estate projects like plots, villas, row houses and flats.
The rate of property depends on its usage as the rate of commercial properties is Rs 20,000/sq ft. These properties are mainly developed along the roadside; therefore, their price increases. The rate of residential property varies on its type, like apartment, house or plot. It also depends on various zones of Bangalore.
The table shows the average price rate of the properties in Bangalore
| Apartment rate | Rs 6,000 – 10,000/ sq. ft |
| Villa/Duplex House rates | Rs 9,500 – 15,000/ sq. ft. |
| Plot rates | Rs 5,000 – 10,000/ sq. ft. |
The current property rates in Bangalore - 2024 have increased by 10%, and in the 3rd quarter, housing prices in Bangalore increased by 18% compared to last year, making it the 2nd highest increase in India. This rise was mainly seen in the areas around the outskirts of the city. The housing prices in these areas went up by 39% compared to last year. This was because of the introduction of luxury projects and the opening of new metro lines in KR Puram and Whitefield.
The Property rates in Bangalore - 2024
These are the rates of the IT sector areas that have seen a great change in the price of the property. The change in price in the last 5 years is given below:
- Whitefield - The current property rate in Whitefield is 10,000/sq. ft. It has grown 51.7 % in the 5 years.
- Marathalli - The price trend in this area is 9,850/sq. ft. The prices of the property have increased by 57.6 % in the last 5 years.
- Sarjapur Road - The area's property rate is 9,700/sq. ft. In the last 5 years, it increased up to 60%.
- Budigere - The price trend in Budigere is 9,200/sq. ft. The price in this area rose to 65.8 % in the last 5 years.
- Bellaundur - The locality's property rate is 12,600/sq. ft. The rate rose 90.9% in the last 5 years.
These areas also yield a good rental income as well. The excellent road, rail and air connectivity in these areas also makes it the most preferred choice. In some areas, new development of metro lines will improve the connectivity and all the areas have BMTC buses available to connect people to every part of the city. The areas also have schools, hospitals and markets.
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