Fastest Growing Residential Areas In Bangalore

Investing in Bangalore presents a lucrative venture due to its thriving economy and fast-growing real estate market. The city has been established as a global IT hub, attracting leading companies. With a growing population, the residential demand in Bangalore remains high.

Residents here can invest in fast growing areas to get good returns for their investment. Many areas in the city are growing fast with many projects from reputed builders. Some fastest growing residential areas in Bangalore include

1. Whitefield

Whitefield is a bustling neighborhood and is one of the most coveted residential neighborhoods in Bangalore. Due to its advantageous location, there has been an increase in the demand for real estate.

The average rate in Whitefield, Bangalore, is Rs. 10750 per sq ft. The average rental yield in Whitefield is 2 %. The property prices in Whitefield have increased by

45.60 % in the last 1 year
72.1 % in the last 3 year
90.5 % in the last 5 years.

2. Indira Nagar

Indira Nagar is located in Old Madras Road which is growing fast and is one of the amazing places to live in the city. It is known for its posh area with wealthy neighbors and cosmopolitan culture. Here, approximately 80% of the houses are ready to move. The rental yield is 5% year on year in the area, and the monthly rent starts from Rs. 22,000.

The average land rate in Indira Nagar is Rs. 29150 per sq ft. The property prices in Indira Nagar have increased by

9.2 % in the last 1 year
41.5 % in the last 3 year
23.5 % in the last 5 years.

3. Bellandur

Bellandur is another preferred location in Bangalore, as it is growing fast. With the completion of the metro, this area is experiencing a massive transformation. The locale has a high demand for housing, and the area has experienced considerable growth in recent years.

The average rental yield in Bellandur is 3 %. The average flat rates in Bellandur are Rs. 10,800 per sq ft. The property prices in Bellandur have increased by

42.2 % in the last 1 year
72.5 % in the last 3 year
58.5 % in the last 5 years.

4. Panathur

Panathur is a residential area that has grown as a result of the ever-booming IT industry in Bangalore. With the Outer Ring Road nearby, it is easily connected to the North as well as South-east areas of Bangalore. The area is close to tech parks such as Bagmane Tech Park, Embassy TechVillage, Ecoworld, etc. Buyers find the area appealing as it has access to quality infrastructure and public transport.

The average flat rates in Panathur are Rs. 12,400 per sq ft. The property prices in Panathur have increased by

79.5 % in the last 1 year
78.5 % in the last 3 year
108.5 % in the last 5 years.

Real estate investment in these fast-growing areas is a great boon since it gives good returns in the future. Buyers can get a good rental income and a good resale value when invested in these areas and can enjoy good ROI.

Prestige Group prelaunch apartment is Prestige Raintree Park.