Property Rates In Bangalore 2024

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Property rates in Bangalore are booming in 2024, reflecting high demand in different areas. As a tech hub, the city offers various types of properties for buyers. These residential properties suit diverse preferences and budgets. There are luxury apartments, villas, and plots in prime locations, as well as affordable flats on the outskirts. Many buyers prefer properties with good connectivity, especially those near metro stations.

The highest property rates in Bangalore are in IT areas like Bellandur, Whitefield, Hosur Road, and Aerospace Park. These places have many top real estate projects, and buyers can find plots, villas, row houses, and flats in these localities. The rates of the units depend on it floor area or land size as well as the trending rate in the locality.

The avg rate of properties depends on their type as well:

The current property rates in Bangalore in 2024 have gone up by 10%; in the 3rd quarter, housing prices increased by 18% compared to last year, making it the second-highest increase in India. This rise was mainly seen in the outskirts of the city, and the housing prices in these areas increased by 39% compared to last year. This happened because of new luxury projects and the opening of new metro lines in many localities.

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.

1. Whitefield - The current reality market rate in Whitefield is 10,000/sq. ft. It has grown 51.7 % in the 5 years.
2. Marathalli - The price trend in Marathalli is 9,850/sq. ft. The prices of the property of all types have increased by 57.6 % in the last 5 years.
3. Sarjapur Road - The Sarjapur Rd's property rate is 9,700/sq. ft. In the last 5 years, it rose to 60%.
4. Budigere - The trending price trend in Budigere is 9,200/sq. ft. The price in this area increased to 65.8 % in the last 5 years.
5. Bellaundur - Bellandur's recent property rate is 12,600/sq. ft. The rate rose to 90.9% in the last 5 years.

These areas also yield good rental income. The excellent road, rail, and air connectivity make these areas a top choice for buyers. In some areas, new metro lines will improve connectivity, and BMTC buses are available to connect people to all parts of the city. These areas also have schools, hospitals, and markets. The localities feature parks, hotels, and other entertainment options. The proximity to IT parks provides many job opportunities and reduces travel time.