Bangalore Q3 2024 Real Estate Newsletter | Snapshot & Insights


In Q3 2024, Bangalore’s real estate across 149 localities recorded an average land price in Bangalore of ₹11,874/sq ft—a 3.57% uptick from Q2. This Bangalore property market bulletin delves into posh areas in Bangalore like Cunningham Road and Mahatma Gandhi Road, classic areas in Bangalore such as Indiranagar and Dollars Colony, and emerging growth corridors like Byalalayarnapura and Attibele. Our zone-wise lens—Elite, Classic, Premium, Affordable and Economic—maps Bangalore property rate shifts, land price trends in Bangalore, amenity drivers and investment hotspots. Whether you’re scouting luxury condos Bangalore, mid-segment apartments Bangalore or budget flats Bangalore, this report shows where Bangalore land prices are soaring or cooling.

Zone-Wise Property Dynamics

Bangalore’s residential market is segmented into five zones based on infrastructure, connectivity and land price in Bangalore across key areas in Bangalore.

Zone # Localities Avg. Price (₹/sft) Prominent Highlights
Elite Zone 14 ₹18,800 Luxury condos Bangalore, gated communities Bangalore
Classic Zone 60 ₹11,600 Heritage neighbourhoods Bangalore, mid-segment apartments
Premium Zone 33 ₹14,500 IT corridors Bangalore, serviced apartments Bangalore
Affordable Zone 30 ₹8,500 Budget housing Bangalore, entry-level flats Bangalore
Economic Zone 13 ₹6,300 Peripheral plots Bangalore, long-term capital gains
Elite Zone (14)

Cunningham Road, Mahatma Gandhi Road, Vasanth Nagar—iconic posh areas in Bangalore with fine dining, premium healthcare and boutique retail.

Classic Zone(60)

Indiranagar, Dollars Colony (Stage 2, RMV), Jayanagar—established areas in Bangalore with steady rental yields and heritage charm.

Premium Zone (33)

Whitefield, Koramangala, HSR Layout—proximity to tech parks, coworking hubs and top international schools driving Bangalore property rate appreciation.

Affordable Zone (30)

Electronic City, Kanakapura Road, Sarjapur Road—suburban growth corridors with new Metro links and budget flats Bangalore.

Economic Zone (13)

Jigani, Attibele, Chandapura—peripheral areas in Bangalore offering land price in Bangalore under ₹7,000/sq ft and improving infrastructure.

Top 5 Localities by Avg. Price (luxury real estate Lucknow)

These top areas in Bangalore command the highest land price in Bangalore, driven by luxury amenities and prime positioning:
Cunningham Road 24,000/sq ft

Iconic CBD corridor with high-end retail and fine dining.

Mahatma Gandhi Road ₹22,500/sq ft

Prestigious address, luxury towers and Metro connectivity.

Agara (Hosur Road) ₹19,500/sq ft

Gated communities near IT hubs and international schools.

Dollars Colony (RMV Stage 2) ₹19,300/sq ft

Tree-lined avenues, premium apartments and retail clusters

Indiranagar ₹19,200/sq ft

Trendy hotspot of cafés, pubs and boutique shopping.

Bottom 5 Localities by Avg. Price

For value-driven buyers, these areas in Bangalore offer land price in Bangalore under ₹6,500/sq ft and strong growth potential:
Jigani ₹6,100/sq ft

Industrial park expansions and improved highways.

Kammana Sandra–Electronic City ₹6,200/sq ft

Metro Phase II corridor boosting connectivity.

Chandapura ₹6,300/sq ft

Affordable layouts, ring-road upgrades

Jigali Road ₹6,400/sq ft

Logistics hub proximity, new residential projects

Attibele–Anekal Road ₹6,500/sq ft

Peripheral growth, airport expressway links.

Top/Bottom 5 Areas by QoQ % Change

Quarter-on-quarter shifts reveal which post areas in Bangalore are heating up—or cooling off.

Locality QoQ Δ % Prominent Highlights
Byalalurayana­pura +24.5% Township launches and road widening fueling suburban demand
Attibele +22.7% Expressway links and industrial SEZ growth.
Hoskote +19.8% Peripheral Metro extension and mixed-use developments.
MSR College Road +19.5% Retail hub upgrades near Old Madras Road
Kundalahalli +18.8% IT cluster expansion and co-living projects.
Anekal -18.2% Post-peak speculation cooldown in airport-corridor land price.
Mahadevapura -17.9% Mid-segment oversupply leading to price correction.
Lalbagh Main Road -15.4% Classic centre adjusting after rapid launches
Hebbal–Kempegowda Rly -14.8% Infrastructure delays impacting new project uptake
HSR Layout -12.8% Seasonal moderation following sustained premium demand.

Local Amenities & Lifestyle Drivers

Bangalore real estate trends are shaped by on-ground amenities and lifestyle appeal:

Healthcare

Elite pockets (Cunningham Road, Indiranagar) host Manipal and Fortis Hospitals, boosting Bangalore property rate in premium neighbourhoods.

Education

IISc, IIM Bangalore and top CBSE/ICSE schools drive relocations, underpinning rental yields in areas in Bangalore.

Shopping Malls

UB City, Phoenix Marketcity and Orion Mall act as retail magnets, elevating nearby land price in Bangalore.

Green Spaces & Cafes

Cubbon Park, Lalbagh and café-lined lanes in Indiranagar enhance everyday life, driving buyer interest.

Connectivity & Infrastructure Developments

Transport upgrades are reshaping areas in Bangalore and Bangalore property rate:

1. Metro Phase II :

New Purple & Green Line extensions link HSR, Whitefield and Attibele, slashing commute times.

2. Outer Ring Road (ORR) :

Upgrades around Jigani and Chandapura accelerate suburban growth.

3. NICE Road & Expressways :

Elevated corridors from Hebbal to Electronic City and airport expressway reduce travel friction.

4. IT Corridor Growth :

Expansion along Old Madras Road and Outer Ring Road sustains apartment demand and retail clusters.

Investment Insights & Recommendations

Align your Bangalore real estate strategy with budget, goals and lifestyle:

1. Luxury Stability :

Target Cunningham Road & MG Road for 8–10% annual gains, fuelled by elite infrastructure and enduring posh-area demand.

2. Balanced Yield :

Indiranagar & Dollars Colony deliver 5–7% rental yields, anchored by tech clusters and vibrant urban life.

3. Value Picks :

Explore Attibele & Jigani flats under ₹7,000/sq ft for long-term capital appreciation as connectivity improves.

4. Quick Flips :

Snap up plots along ORR and Byalalayarnapura, where road-widening news drives short-term price spikes.

5. Land Banking :

Secure peripheral parcels in Anekal & Hoskote ahead of upcoming Metro and SEZ roll-outs.

Conclusion

Q3 2024’s Bangalore real estate snapshot spans luxury condos on Cunningham Road to budget plots in Jigani. With an average land price in Bangalore of ₹11,874/sq ft, the Bangalore property market offers diverse opportunities—whether you’re chasing growth in posh areas in Bangalore, stable yields in classic neighbourhoods or value plays on the periphery. Use these data-driven insights to navigate Bangalore’s dynamic property landscape and make informed investment decisions.