Bangalore is the capital and the third largest city of Karnataka. It is a metropolitan with a population of 8 million. It is widely known as the "Silicon Valley of India." The city has a pleasant climate throughout the year. It is a hub of many educational and research institutions.
The city is the second fastest-growing metropolis in India. It is also called "Garden City" because of its greenery. It is home to Kannada Film Industry. The town has a literacy rate of around 88%. Cricket is the most played game in the city.
Sarjapur, Whitefield, and EC are the few places in the town to buy a home. The city has several flats at an affordable range. The 3 BHK property rent is quite popular in the town. The second most popular configuration is 2 BHK apartments. It has around 10,780 rental properties with less than 20,000 per month. Small configurations flats are available for less than 10,000 per month. The pandemic has affected property rates in 2020. The real estate market recovered in 2022.
It has a high demand and supply of furnished flats for rent. Luxury apartments have the best facilities and technology to back them up.
Benson, Ulsoor, and many more are the fastest-growing areas. Tenants prefer Whitefield, HSR, or HBR layouts to stay. RR Nagar and Rajaji nagar are the areas suitable for rental homes. The rental yield is 4.145% using average rates.
Average flat rates in Bangalore are:
- 1 BHK - 32 lacs
- 2 BHK - 69 lacs
- 3 BHK - 1.2 cr
- 4 BHK - 4.8 cr
Despite the pandemic, property rates have risen due to infra and employment prospects.
As per the result of makaan.com, the property trend in Bangalore is moving upward. Price trend suggests buying property at a downward trend and selling at an upward trend. The price of the properties in South Bangalore starts from Rs.3000.
The average price of the property goes up to Rs. 88.73 lacs. South Bangalore has shown up in the last few months compared to the city. The price trend data is aimed at home buyers with South Bangalore property prices.
Top price trends data of South Bangalore
- The total number of properties in South Bangalore is 8656.
- The price of the properties starts from Rs. 3,000.
- The average price of the property starts from Rs. 88.73 lacs.
- The most expensive property cost is around Rs. 70 cr.
- The number of localities in South Bangalore showing an upward trend is 76.
- The number of localities in South Bangalore showing a downward trend is 28.
Average housing prices rose to 3-10%, whereas office rent grew to 13%. South Bangalore property rates show higher growth. Even the non-locals who came for work don't mind investing in Bangalore. Investors prefer to invest as the capital appreciation is sizeable. Some areas in the city are reasonable too. The annual price increased by a count of 439. Properties trend in South Bangalore shows the annual rental yield up by 4.145% as per makaan.com.
Prestige Group new launch apartment Prestige Primrose Hills at Kanakapura Road, South Bangalore.
