Top 5 luxury housing destinations in Bangalore

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Realty markets of Hebbal, Kanakpura road, Whitefield, and Magadi road have emerged as top luxury housing destinations due to their expanding civic infrastructure, easy access via road and metro and proximity to employment hubs.

From being the ‘Garden City of India’ to the ‘IT Hub’, Bangalore has come a long way. It is one of the fastest growing cities in India in terms of real estate activities, thriving on the back of an expanding IT sector. Growth of the IT segment has led to an ever-increasing demand for luxury projects from a large migrant population who are primarily focused on peripheries, where capital values are well within their budget. 99acres.com shares a list of the top luxury housing destinations in Bangalore along with their growth drivers.

North Bangalore

Localities: Hebbal, RT Nagar, Sanjaynagar, Ganga Nagar and Thanisandra

Growth Drivers: Hebbal, along with its peripheral areas such as RT Nagar, Sanjaynagar, Ganga Nagar and Thanisandra are some of the most sought-after budget–segment luxury housing destinations in North Bangalore. These areas are popular for their geographic edge, proximity to Manyata Tech Park and employment hubs, sound social infrastructure and well-connected system of roadways via airport road, Outer Ring Road (ORR) and a number of arterial roads. Kareem Khan, Network Ventures avers, “These areas enjoy healthy demand from people working in the nearby employment hubs which has pushed developers to come up with budget-segment luxury projects here.”

 Hebbal

South Bangalore

Localities: Kanakpura Road, JP Nagar 7th, 8th and 9th Phase and Electronic City

Growth drivers: Saturation of Bannerghatta Road, Jayanagar and Banashankari has pushed real estate growth to extend to JP Nagar 7th, 8th and 9th Phase, Electronic city and Kanakpura road, with the latter being the biggest beneficiary due to its affordable capital values as compared to expensive counterparts. According to Khan, in addition to affordable properties, adequate social infrastructure, proximity to employment and business hubs and connectivity to different parts of the city via NICE ring road have been catalytic to the region’s growth.  Moreover, the region is also witnessing an expansion in social infrastructure with the establishment of new shopping complexes and retail stores. Enhanced connectivity that would be brought by key connectivity projects including Phase 2 of the Namma metro and widening of National Highway 209 will further trigger real estate growth in the region.

 Kanakpura Road

East Bangalore

Localities: Whitefield, Sarjapur Road, Kadugodi, Thippasandra, CV Raman Nagar, Horamavu, Rampura and Kalkere

Growth drivers: The IT boom in the Silicon Valley of India has reshaped the suburban areas in the eastern part of the city including Whitefield and Sarjapur Road along with its neighbourhood (Kadugodi, Thippasandra, CV Raman Nagar, Horamavu, Rampura and Kalkere) as one of the most preferred housing destinations in Bangalore. These areas boast of several mid-luxury segment apartments, villas and row houses well within a budget of Rs 1.2 crore. Presence of IT hub, robust social infrastructure, easy access via roadways and railways and an upcoming metro from Byappanahalli to Whitefield can be attributed to the region’s growth.

 Whitefield

Locality

Popular projects

Configurations

Budget

Hebbal and Thanisandra

Aries Lakeview and;
R and S Riviera Bangalore

2BHK,

3BHK

Rs 65 lakh onward

Rs 87.9 lakh onward

Magadi Road

DS Max Silver Bell

2BHK

Rs 55 lakh onward

Whitefield and Sarjapur Road

Pavani Sarovar Phase 1

2BHK and 3BHK

Rs 47.6-50.4 lakh

Rs 73.3 lakh onward

Kanakpura Road

Purva Highland

2 and 3BHK

Rs 51 lakh-1.2 Cr

 


West Bangalore

Localities: Vijay Nagar and Magadi Road, RPC Layout, West of Chord Road

Growth Drivers: Vijay Nagar in Southwest Bangalore is bound by Mysore Road and Magadi Road, with Chord Road intersecting through. Over the years, the locality has witnessed rapid urbanisation and has become one of the fastest growing areas in West Bangalore due to sound road and metro connectivity via ORR, NICE ring road and Vijaynagar metro station. “A number of budget-segment, new age spaces including apartments, villas and plots by premium builders are coming up in this locality which is helping these areas garner traction among end users,” adds Khan.

Vijaynagar


Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.


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