Bangalore’s Real Estate Sector: Top Locations to Invest in 2023
With the "work from office" system coming back into force, the demand for residential rental properties has increased manifold. This is especially true in a city like Bangalore, which is India’s largest IT hub. As per a market survey, this city’s property rent rates have risen by almost 15% to 30% in 2023. Thus, for investors, it is an excellent time to invest in residential real estate.
If you are looking for flats for sale in Bangalore, keep reading this blog. You will get to know the top trending Bangalore localities in 2023 where you can invest to ensure high return on investment.
5 Trending Localities to Invest in Bangalore
Here are a few of the best localities for buying flats for sale in Bangalore:
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Sarjapur Road
Sarjapur Road is one of the top localities in Bangalore for residential investment. The state government has decided to make several infrastructural developments in this area which are aimed at decongesting the locality and increasing its accessibility. They include Phases 2 and 5 of the Namma Metro, a 74 km Peripheral Ring Road, etc. In the last 3 years, property value in this area has grown by almost 30%.
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Electronic City
Located in South Bangalore, Electronic City is one of the city’s largest Information Technology hubs. Its newly improved Electronic City Elevated Expressway now connects Electronic City Flyover, Heelalige Railway Station, NICE Ring Road and Hosur Road. This makes it very convenient for residents to commute to any part of the city with ease. Furthermore, there are top educational institutes located nearby, which makes it an ideal location for working professionals to rent property.
As per latest reports, properties in Electronic City have an average price of ₹6,000/square feet.
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Whitefield
Another trending locality when it comes to connectivity is Whitefield. It is a commercial and residential hub in East Bangalore, which is connected to the other parts of the city via the SH-35, Whitefield Railway Station, Whitefield Main Road and Old Airport Road. Some of the notable social infrastructure situated nearby are Inorbit Mall and Phoenix Marketcity.
Apartment prices in this location have an average selling price of ₹7,230/square feet.
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Hennur
If you want a variety of housing options like mid-rise buildings, luxury apartments and villas, Hennur is the place to go. This place features excellent connectivity, social infrastructure like hospitals, educational institutes, etc. and robust urban planning. Moreover, the Hennur Biodiversity Lake, Bangalore Palace and bamboo forest add to the scenic beauty, making it one of the most sought-after residential locations in the city.
Average selling price for Hennur apartments is 7,255/square feet.
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Hebbal
Located in North Bangalore, Hebbal is one of the best locations when it comes to residential real estate investment. It houses the International Tech Park and Eastern Shopping Mall which are important landmarks in the area. Furthermore, when it comes to connectivity, the Hebbal Flyover, ORR (NH 44) and Bellary Road make commuting to other parts of the city a breeze.
The average price of apartments in this area is ₹9,897/square feet.
If you are looking for apartments in Electronic City for investment purposes, you can consider purchasing flats in Mahendra Arto Helix. With an aim to redefine affordable living in Bangalore, this residential project features luxurious 2 BHK flats in Electronic City
For any information on Electronic City apartments, get in touch with us today! Your search for flats for sale in Bangalore ends here.
