Bangalore Q3 2023 Real Estate Newsletter: Snapshot & Insights


We analyzed 117 localities in Bangalore. Average land prices in Bangalore stood at ₹9,898/sq ft (₹106,541/sq m), reflecting a broadly stable citywide trend versus last quarter as tech-corridor gains offset cooling in select central business district pockets. Buyers and investors can explore localities in Bangalore efficiently via Cosmo-soil’s Locality Search and plan budgets with the EMI Calculator. The market spans Elite to Economic zones (₹5,220–16,786/sq ft by zone averages). Prime enclaves such as Cunningham Road and Mahatma Gandhi Road anchor top-tier prices in Bangalore, while Attibele and Hoskote offer entry-level value. Strong amenities in Bangalore—alongside proximity to hospitals in Bangalore—continue to shape end-user preferences and absorption. For confident transactions and planning, Cosmo-soil’s Buy and Pincode Finder streamlines the journey.

Zone-Wise Property Dynamics

We segment Bangalore into five price tiers aligned to infrastructure, connectivity, and amenity density to match varied investment goals. This structure highlights how metro access, arterial roads, IT corridors, and community services ladder into differentiated price bands—useful for calibrating risk-return and timing entries, especially for land banking and phased development strategies.

Zone # Localities Avg. Price (₹/sft) Prominent Highlights
Elite 11 ₹16,786 CBD/SBD frontage, prestige addresses, premium healthcare, clubs
Premium 24 ₹12,951 IT nodes, malls, metro proximity, strong rental yield
Classic 47 ₹9,433 Heritage streets, stable demand, mid-segment depth
Affordable 23 ₹6,803 Schools, emerging stations, suburban masterplans
Economic 12 ₹5,220 Peripheral growth, industrial linkages, long-term upside
Elite Zone

Cunningham Road, Mahatma Gandhi Road, Indiranagar, Koramangala; ₹15,500–24,000/sq ft; private clubs, premium healthcare, curated retail. Keywords: Luxury Real Estate Bangalore; Gated Communities Bangalore.

Premium Zone

Bellandur, HSR Layout, Brookefield, Whitefield; ₹11,500–14,000/sq ft; IT Corridors Bangalore access, Premium Malls Bangalore, and metro stations (Metro Routes).

Classic Zone

Basavanagudi, Malleswaram, Jayanagar, Frazer Town; ₹8,800–10,200/sq ft; Heritage Neighbourhoods with Mid-Segment Apartments and steady end-user depth.

Affordable Zone

KR Puram, Kengeri, Yelahanka New Town, Konanakunte; ₹6,200–7,200/sq ft; schools, upcoming stations, value-led uptake. Keywords: Budget Housing Bangalore; Entry-Point Localities.

Economic Zone

Attibele, Hoskote, Chandapura, Kammasandra; ₹4,800–5,600/sq ft; peripheral growth tied to industrial corridors and future expressways.

Top/Bottom 5 Localities by Price

Bangalore’s price spectrum runs from ultra-luxury CBD/SBD addresses to high-value suburbs with improving infrastructure. Premium micro-markets trade on prestige, curated amenities in Bangalore, and seamless access to offices, while value corridors compete on connectivity projects, plot sizes, and developer entry points. This spread enables tailored strategies by ticket size and horizon.

Top 5 Areas by Avg. Price

Premium drivers include connectivity to CBD, elite schools, hospitals in Bangalore, and landmark retail. Prestige addresses command scarcity premiums and stable absorption, with low inventory churn and strong resale liquidity. Cosmo-soil’s Buy and Legal & Documentation simplify shortlisting and due diligence.

Cunningham Road ₹24,121/sq ft

Signature CBD address with embassies, specialty clinics, and boutique high-street retail. Excellent arterial access and proximity to premium hospitals in Bangalore. Low supply cycles sustain price in Bangalore and long-term resilience.

Mahatma Gandhi Road ₹22,807/sq ft

Iconic commercial spine with metro adjacency and marquee offices. Strong footfall for luxury dining and curated retail adds lifestyle stickiness. Premium inventory remains scarce, preserving capital values.

Indiranagar ₹17,207/sq ft

Vibrant high-street F&B, co-working, and upscale residences. Balanced end-user and investor demand supports pricing. Access to ORR and metro connectivity keeps liquidity robust.

Aga Abbas Ali Road ₹16,834/sq ft

Leafy pocket with quick CBD access and quality social infra. Niche, low-density plots enhance exclusivity. Stable price in Bangalore supported by an affluent end-user base.

Koramangala ₹15,669/sq ft

Start-up hub with premium cafes, schools, and co-living. Strong rental market due to IT proximity. Tight supply underpins transaction values.

Bottom 5 Areas by Avg. Price

Affordability converges with emerging infrastructure and industrial linkages. Value seekers target improving commutes, planned stations, and nearby employment clusters. Cosmo-soil’s Area Converter and Loans assist in sizing and funding.

Attibele ₹4,457/sq ft

Entry-level plots near the Hosur industrial belt and potential peripheral corridors. Growing warehousing improves employment depth. Long-term upside rides on highway upgrades and suburban rail.

Hoskote ₹4,787/sq ft

Manufacturing-adjacent with logistics advantages. Improving arterial links reduces travel times to IT hubs—Future-ready for budget-first households.

Attibele Anekal Road ₹4,904/sq ft

Access to educational campuses and mid-scale industrial estates. Incremental civic upgrades support livability. Attractive for phased self-build

Chandapura ₹5,087/sq ft

Junction location with good bus connectivity and retail basics. Upcoming nodes may improve the last-mile. Fits starter budgets with room for appreciation

Kammasandra (Electronic City) ₹5,111/sq ft

Near E-City employment with improving social infrastructure. Value-led rents attract young professionals—prospects tied to corridor decongestion.

QoQ Price Movements & Growth Insights

We assess quarter-on-quarter (QoQ) changes using a repeated-sample approach across comparable listings to isolate momentum signals. Q3 shows strong appreciation in east–south-east tech corridors and select northern pockets, while a few central streets softened as supply normalized post-redevelopment and demand rotated to better-yielding assets. Use Cosmo-soil’s News Letters to track these shifts.

Locality QoQ Δ % Prominent Highlights
Marathahalli +27.16% ORR proximity, tech hiring pulse, metro catchment benefits
Jalahalli West +17.67% Defense adjacency, new residential launches, better link roads
Bellandur +17.06% ORR upgrades, Grade-A offices, lakefront amenity upgrades
Konanakunte +16.41% Metro access, schools, spillover from Kanakapura Road
Brookefield +16.02% IT belt, malls, improving last-mile
Davis Road -8.68% Short-term inventory overhang, selective buyer pushback
Cooke Town -8.50% Price discovery post-renovations, fewer high-ticket closures
Millers Road -7.83% Redevelopment churn; listings taking longer to close
Banaswadi -7.69% Competing supply in near-by nodes; cautious bid-ask spreads
Benson Town -6.58% Mid-cycle pause; buyers prefer turnkey ready inventory

Local Amenities & Lifestyle Drivers

Amenities in Bangalore are determinative for value, absorption, and tenant retention. Hospital access, schools, Premium Malls Bangalore, parks, and high-street retail align directly with end-user willingness-to-pay and investor yield expectations across localities in Bangalore.

Hospitals in Bangalore

Manipal Hospital (Old Airport Road), Fortis (Bannerghatta Road), and Sakra World Hospital anchor tertiary care, lifting buyer confidence and end-user premiums. Proximity to hospitals in Bangalore compresses time-to-amenity and supports resilient valuations, especially in mid-to-high segments.

Educational Institutions in Bangalore

Indian Institute of Science, Christ University, National Public School (Indiranagar), and Bishop Cotton attract deep rental demand and parent-led purchases. Strong academic ecosystems stabilize occupancy and enable steady rent escalations over time.

Shopping Malls in Bangalore

Phoenix Marketcity, Orion Mall, and Forum Mall deliver Premium Malls Bangalore experiences—curated retail, multiplexes, and food destinations. These nodes reinforce weekend footfall, enhance walkability scores, and support price stickiness for nearby assets.

Local Amenities in Bangalore

Neighborhood supermarkets, specialty eateries, lakeside parks, and preserved heritage streets elevate daily convenience and livability. As civic upgrades add cycling paths and bus priority lanes, demand extends beyond CBD/SBD rings. Use Cosmo-soil’s Pincode Finder to map micro-amenities.

Connectivity & Infrastructure Developments

Infrastructure is a demand accelerator, compressing commute times and widening buyer catchments. Ongoing metro, ring-road works, suburban rail, and airport express initiatives influence prices in Bangalore, especially at transit-adjacent plots. Cosmo-soil’s NH Routes helps align bets with corridor timelines.

1. Metro Expansion :

Namma Metro Phase 2/2A/2B improves east–west and ORR connectivity, expanding transit catchments across IT belts. Station-proximate localities in Bangalore show faster absorption, stronger rentability, and superior resale depth.

2. Ring Road & Expressways :

ORR enhancements, the Peripheral Ring Road (PRR), and airport express links reduce cross-city times and unlock peripheries. Time savings spur plot-led development and migration of price discovery to new nodes.

3. BRTS & Bus Links :

Bus Rapid Transit System (BRTS) pilots and Bus Priority Lanes strengthen frequency and reliability. Better last-mile via e-rickshaws, feeder buses, and cycling improves daily commutes, raising live-work convenience.

4. Suburban Rail & Airport Express :

Bengaluru Suburban Rail and airport express initiatives widen labor sheds and raise long-term land utility. Anticipated stations foster transit-oriented development and sustainable appreciation arcs.

Investment Insights & Recommendations

Investor strategies should reflect horizon, risk tolerance, and amenity intensity. Blend stable cores with pipeline-led upside, using Cosmo-soil’s Buy, Loans, and Legal & Documentation to manage execution.

1. Stability Play :

Prime micro-markets near metro and CBD with dense hospitals in Bangalore and top schools; expect steady YoY gains with low vacancy and strong resale depth. Cosmo-soil supports shortlisting and diligence.

2. Balanced Rental Yield :

Office/IT-adjacent pockets near ORR; 4–6% yields plus appreciation via infrastructure upgrades and amenity layering. Use the EMI Calculator for cash flow planning.

3. Value Entry :

Sub-₹3,500/sq ft targets are rare in Bangalore proper; instead, focus on sub-₹6,000/sq ft corridors with confirmed transit pipelines and civic upgrades.

4. Short-Term Flip :

Micro-markets ahead of station openings, key junction flyovers, or heritage streetscapes are getting amenity boosts. Tight timelines and staged exits are recommended.

5. Land Banking :

Peripheral corridors tied to expressways, industrial belts, and suburban rail stations; patient capital can scale. Pair with Cosmo-soil’s Vastu and Architects for planning

Conclusion

Bangalore shows clear infrastructure-led momentum, from ORR and metro corridors to suburban rail, with a full spectrum from luxury enclaves to budget-friendly suburbs. Cosmo-soil enables discovery, analysis, and execution—browse News Letters, shortlist via Locality Search, and transact confidently with integrated services.