What Is The Current Price Of Property In Bangalore

Bangalore is a major tech hub of India located in Karnataka, in the southern part. The city's real estate market has seen a boom in recent years because of its tech industry. The city is home to more than 67 K tech firms that have attracted many builders and buyers to develop and buy properties. Its growing population, which is about 10 million, seeks top residential properties like villas, apartments, and plots. This demand for property has risen upto 20% in FY-2024. With people working in big companies, look for places that are top IT hubs. The demand for the area also decides the price of the property.

The rate of property depends on certain factors like:

Its size
Its type
Its location
Brand

The size of the property shows how much its current rate is. The type of property a buyer buys is also one of the factors. The price of villas, apartments, and lands varies accordingly. Most of the premium infrastructure is designed by top builders like Birla Estates in the best areas. IT and commercial hubs are comparatively more expensive than noncommercial areas.

The property rates in Bangalore 2024

Property Type	Avg price
Land	Rs 60 Lakhs onwards
Villa	Rs 1 Crore onwards
Apartment	Rs 65 Lakhs onwards

In recent years, the price of the property has boomed and is giving higher returns. The most asked question is, What is the price of housing in Bangalore? The avg housing price in the city of land per sq. ft. starts at Rs 4,646/ sq. ft. and goes upto 11,300/ sq. ft. The real estate market trend shows that property prices also vary as per their usage. A commercial property is more expensive than a residential property. The average land price in the city is 1.84 Cr, and the median price of ₹1 Cr.

Before buying a property, it is also asked by buyers what are the best localities for investment in Bangalore. The city houses many premium locations, like Devanahalli, Electronic City, Whitefield, etc. The avg price in these areas is between Rs 6500/sq. ft. and Rs 11,800/ sq. ft.

The Bangalore real estate market forecast for 2025 shows that:

Stabilization - The property rates will be balanced, and every year, there will be a hike of 10%. Investing in the property will yield higher returns and better resale value.
Increased Demand - The property will be in high demand as the population is growing rapidly. The population of the city is already 10 million, which looks for posh areas.
Increased residential prices - The residential property is expected to rise upto 5% in 2025. The demand will increase based on the statistic
Govt land rates - In 2023, the Karnataka govt raised the guidance value. The rates vary from 5000 to 25000 depending on its usage. It protects people from paying excess stamp and registration duties.

Why Bangalore is best for real estate?

Bangalore is a top choice for real estate investment because of its strong economy, led by industries like IT, startups, aviation, and biotechnology. The city's stable job market, ongoing infrastructure growth, and good quality of life make it appealing for real estate investors. People can buy affordable flats in the best areas like Devanhalli. In the area a new residential project is coming up, Birla Trimaya, by Birla Estates. Its property prices are affordable and suit the buyer's budget.

Birla Group pre launch nw project is Birla Trimaya