Is It a Good Time to Buy Real Estate in Bangalore
It is a good time to buy real estate in Bangalore, as the reports suggest that the prices of properties are going to increase. In the upcoming years, the projected rise of property is by 15-20%. Till 2030, the real estate trends will go high, as well as the rental rate. The present rental yield of places is 5-7%, and by 2030 it will be 10-15%. The city's demand has been constantly rising because of the IT boom. Investing in Bangalore's property market ensures higher returns and growth.
Bangalore is a prominent IT hub of India that is famous for its thriving tech industry. It is one of the most famous education hubs as well and has attracted a huge population to work and live here. The city has housed over 67 K tech firms and holds a population of over 10 million. This rising population looks for properties to invest or rent. There are more than 100 localities in the city that are upscale and ideal options for investing. Why real estate is booming in Bangalore is often asked by buyers. The real estate market is rising because of these factors:
- Housing options at all rates
- Prime areas with all facilities
- High returns
- Good connectivity
In 2025, Bangalore’s real estate market is expected to keep growing. The city’s economy is likely to expand, which will increase the demand for housing. Real estate prices are predicted to go up gradually, so people who invest now might get good returns in the future. Many new projects are being launched in growing areas like North Bangalore, Whitefield, Sarjapur, etc. These areas are developing quickly thanks to new tech parks, improved roads, and better metro connections.
Property values in Bangalore may rise by about 5-7% each year in the coming years. By 2030, prices in some areas could be much higher. For example, in popular places like Whitefield, prices are now around Rs 8,000 to Rs 10,000/sq. ft. By 2030, this could go up to Rs 12,000 or more per square foot.
In 2024, property prices went up by 9% compared to the previous year. North Bengaluru is seen as a great area for property investment. Property values there are expected to rise by 15-20% over the next 3-5 years.
Property trends in Bangalore's top areas:
Bangalore's posh IT and residential hubs offer properties from houses and flats to plots. These are located in the best areas like Chikkajala, Yelahanka, Whitefield, etc. The real estate market in Bangalore 2024 current trend:
| Area | Current Rate/sq. ft. | Profits in Last 5 Years | Rental Yield |
|---|---|---|---|
| Chikkajala | 8353/sq. ft. | 51% | 4% |
| Electronic City | 6520/sq. ft. | 89.6% | 4% |
| Whitefield | 12800/sq. ft. | 113.3% | 2% |
| Hebbal Rd | 10400/sq. ft. | 71.9% | 4% |
Buying an apartment in Bangalore is the best option as it promises higher returns and profits. The best areas to invest are Chikkajala, Yelahanka, Whitefield, E-City, and many more. In Chikkajala, a new residential project, Purva Aerocity, has been launched. It is a 7-acre venture and is the best township in Bangalore.
| Enquiry |