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BlogThe Top 3 Hottest Real Estate Micro Markets In Bangalore - You Don’t Want To Miss Out

The Top 3 Hottest Real Estate Micro Markets In Bangalore - You Don’t Want To Miss Out

24/10/2023

Are you ready to embark on a journey through the thriving landscape of Bangalore's real estate micro markets? In a city known for its dynamic growth and ever-expanding horizons, staying ahead in the property game is crucial. If you're considering property investment, we've got you covered.

In this article, we'll unveil the top three hottest real estate micro markets in Bangalore that are currently making waves in the industry. These micro markets are more than just geographic locations; they represent a world of opportunities, flourishing communities, and a chance to make a sound real estate investment that can yield substantial returns.

Bangalore Micro Markets: South Bengaluru

Bangalore’s micro market for real estate has always found its spot in South Bengaluru. In the later half of 2022 itself, the real estate share of the area saw a record of 46% sales. The demand is there for all the right reasons. If you survey the surrounding areas of these hot pockets carefully, then we could note that the largest employment clusters and tech parks are situated around here. Yes we’re talking about Outer Ring Road and Electronic City which are in proximity to the top three real estate micro markets we’re going to talk about today.

Bangalore Micro Markets: East Bengaluru

Another area of Bengaluru that was in high demand for housing was East Bengaluru. A Knight Frank India research states that the demand, which was mostly centred in Whitefield and KR Puram, gradually spread to outlying micro-markets like Hoskote.

So let’s dive into deeper detail about a few of these real estate areas and what they have to offer. What do the hottest real estate micro markets in Bangalore have to offer that prove to be a strong competition to others in the market?

Top Micro Markets in Bangalore

Now so far we know that there are a few key sites, in both East Bangalore and South Bangalore that make the area more in demand than others. The main real estate demand drivers in these areas are proximity to IT centres and good connectivity, but what more do they have to offer in terms of social and retail infrastructure, transportation options, and the availability of properties?

Well, that is exactly what this article aims to cover. So don’t go skipping around just yet. Keep reading further to know in further detail about the perks and facilities of areas such as Whitefield and Sarjapur Road.

Whitefield

On the eastern outskirts of Bengaluru, Whitefield is a well-known IT centre. Some of the well-known communities close to Whitefield include Brookefield, Kadugodi, Hoodi, Varthur, and Doddanekundi. The main job hubs that attract fellow working officials nearby are ITPL and IT businesses in Marathahalli, Mahadevapura, Bellandur, and along the Outer Ring Road If you’re one of the readers who has made it to the Indian Silicon Valley, with the dreams of becoming the next hot talk of IT, this is a good time to find your dream home to settle down. After all as the saying goes - Once you set in to Silicon Valley, you never need to set out.

Buses from different parts of the city often arrive at the Whitefield bus stop on the BMTC system. The Whitefield Railway Station provides access to Whitefield by train. There will be 13 stations between Byappanahalli and Whitefield covered by the metro's second phase of construction. By 2024, this metro link should be complete. Once finished, the purple line's metro network will link Whitefield in the east with Kengeri in the west.

Now considering if you’re a family person hoping to settle into Whitefield, there are other pointers that are in consideration. Whitefield is also one of the largest areas providing world-class education facilities. Some of the top schools nearby are Royal Public School, Cambridge Public School, Gopalan College of Engineering and Management, and MVJ College of Engineering. Whitefield is also secure with two of the best healthcare centers close around, namely Columbia Asia and Narayana Multispeciality Hospitals. Any popular real estate area would also need areas of leisure and recreation. Whitefield respectfully provides so with its options for shopping and entertainment including the Forum Neighbourhood Mall, Phoenix Market City, Park Square, Inorbit, and Forum Shantiniketan.

With all its perks and facilities, Whitefield clearly has a lot to offer and proves as to why it is a place in such high demand. But the real question arrives as to what is the price of living in such a fantastic area?

In Whitefield, a one-bedroom home typically costs between Rs 25,00,000 and Rs 45,00,000. You should expect to pay anywhere from Rs 30,00,000 to Rs 1,40,00,000 for a 2BHK. You may expect to pay between Rs 50,20,000 and Rs 2,25,00,000 for a three-bedroom home, and between Rs 1,10,00,000 and Rs 6,50,00,000 for a four-bedroom home.

Sarjapur Road

The presence of IT businesses and its closeness to the city's key IT hubs make Sarjapur Road in Bengaluru East well known. The area is also in proximity to Whitefield itself, making it share popular locations of commute and employment hubs in Marathahalli, Whitefield, Electronic City, Mahadevapura, and Bellandur.

If you’re wondering how accessible it is when it comes to communication and connectivity, then let’s quickly cover the travel points. The closest station is Carmelaram, while Kempegowda International Airport is around 47 km away. In Phase 2A of Namma Metro development, the ORR Metro Line, which will connect Silk Board and KR Puram, is included. This line will pass through numerous neighborhoods along Sarjapur Road and have a metro station in Iblur. By 2024, the metro expansion is anticipated to be finished.

Now let’s get to education and healthcare. Since Whitefield gives a tough competition with its renowned educational spots and healthcare facilities, how is Sarjapur Road covering up for that. Well, if you’re a potential buyer hoping to book a place here soon, let us assure you that there is an abundance of educational institutes that promise a great future for any student under it.

Several important educational institutions, including St. Peter's School, Krupanidhi College of Pharmacy, National Institute of Fashion Technology, and St. John's Medical College, are nearby. The closest medical facilities include Columbia Asia, Vemana, Cloudnine, and Sakra World hospitals. The closest shopping center is Market Square.

Since this is also an area that is popular among IT Professionals, the market price of this area is almost similar to that of Whitefield. There are a few nifties that fluctuate the price here and there. A 1 BHK apartment in Sarjapur Road typically costs between Rs 25,00,000 and Rs 52,00,000 in price. A 2 BHK costs between Rs 33,00,000 to Rs 1,00,00,000. A 3 BHK costs between Rs 40,00,000 and Rs 2,20,00,000 while a 4 BHK costs between Rs 1,20,00,000 and Rs 5,30,00,000.

KR Puram

Due to the area's convenient access to the Whitefield and ORR IT centers as well as the fact that it has been formally accepted into the Bruhat Bengaluru Mahanagara Palike, the demand for real estate in KR Puram has significantly increased. Since the IT boom of the 1990s, KR Puram has undergone a significant shift. The location is in the center of the city, and connection is one of its key selling points.

The region has various government agencies as well as the administrative center for the Bengaluru East Taluk. Along with the Yelemallappa Shetty Lake, which is adjacent to Medahalli, the Vengayyana Lake is nearby. The region is well-known for its popular weekly market for local products. Along with the Kashi Vishweshwara and Kote Venkataramana temples, the Mahabaleshwara and Rama temple complex is an important tourist attraction in this area. The well-known St. Anthony's Roman Catholic Church is also located in the region.

NH-4, SH-35, and ORR pass through this suburb, providing excellent access to the rest of Bengaluru.This location is 14 kilometers from Bangalore City Railway Station. The distance between Kempegowda International Airport and KR Puram is 37 km. The closest Namma Metro station is located at Byappanahalli, 4 miles distant.

The Cambridge School and Amara Jyothi Public School are two of KR Puram's top schools. KR Puram is home to prestigious medical facilities like Sri Ram Hospital and the KR Puram Super Speciality Hospital. The Gopalan Signature Mall and Orion Mall, to mention a couple, are well-known shopping centers in KR Puram.

Now comes the major question of a real estate market on the rise of booming, where does the sale price stand?

In KR Puram, there are many different flat options to choose from, however 2 and 3-BHK properties tend to be the most popular. Property purchasers typically paid Rs 4255 per square foot for an independent home. Notably, Nano City is the most popular option for buyers of real estate in KR Puram as it has the most number of transactions (19), followed by Shiv Samarth with 5 transactions records and Panvelkar Sarvesh Dream City with 2 transactions records during the last year.

Conclusion

Whether the property you buy is an investment to your career or the first step towards securing your family life. Real estate is a long term investment and when you don’t get the fruitful returns, that surely is a bummer. It is thus important to know your market, what it has to offer and what to expect when going out to first purchase your property.