Bangalore’s real estate market is a thriving metropolis offering a diverse range of options for investors. Whether you’re seeking high rental yields, capital appreciation, or a slice of the bustling city life, there’s a perfect spot for you. This guide explores the Best Places to Invest in Bangalore, highlighting areas poised for future growth, established investment hotspots, and hidden gems waiting to be discovered.
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The NoBroker Rent Report 2024 is an annual report that provides an in-depth analysis of the rental market in Bangalore. The report is based on data collected from over 1.5 million properties listed on NoBroker and provides insights into rental trends, property prices, and the most popular localities in the city. So if you are worried about where to buy property in Bangalore in 2024, don’t worry! This blog has you covered!
Top Picks for Best Places to Invest in Bangalore
| SI No. | List of The Best Places to Invest in Bangalore |
| 1 | South Bangalore (Jayanagar, BTM Layout, HSR layout) |
| 2 | North Bangalore (Hebbal, Hennur Road, Thanisandra, Hesaraghatta, Yelahanka, and Jakkur) |
| 3 | East Bangalore (Koramangala, Electronic City, Whitefield Sarjapur Road) |
| 4 | Central Bangalore (Indiranagar, Brigade Road, MG Road) |
| 5 | West Bangalore (Marathahalli, Bellandur, Mahadevapura) |
The Best Areas to Buy Flats are North, South, East, and West Bangalore
Bangalore, also known as the Silicon Valley of India, is a city that offers a variety of options for real estate investment. The city is divided into four main regions: North, East, West, and South, and each of these regions has its own unique characteristics and advantages. Here, we will take a look at the best upcoming areas in Bangalore to invest in, particularly in the North, East, West, and South of the city.
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- North Bangalore: The North Bangalore region is known for its well-developed infrastructure and good connectivity to other parts of the city. The area is home to many IT companies and start-ups, making it a popular choice for professionals working in the IT sector. Some of the best areas to invest in for real estate in North Bangalore include Hesaraghatta, Yelahanka, and Jakkur.
- East Bangalore: The East Bangalore region is known for its well-developed infrastructure and good connectivity to other parts of the city. The area is home to many IT companies and start-ups, making it a popular choice for professionals working in the IT sector. Some of the best areas to invest in for real estate in East Bangalore include Whitefield, Sarjapur, and Electronic City.
- West Bangalore: The West Bangalore region is known for its well-developed infrastructure and good connectivity to other parts of the city. The area is home to many IT companies and start-ups, making it a popular choice for professionals working in the IT sector. Some of the best areas to invest in for real estate in West Bangalore include Mahadevapura, Marathahalli, and Bellandur.
- South Bangalore: The South Bangalore region is known for its well-developed infrastructure and good connectivity to other parts of the city. The area is home to many IT companies and start-ups, making it a popular choice for professionals working in the IT sector. Additionally, the South Bangalore region is also known for its upscale residential areas, making it a popular choice for homebuyers looking for luxury properties. Some of the best areas to invest in for real estate in South Bangalore include Jayanagar, BTM Layout, and HSR Layout.
It’s important to note that these are just a few of the many popular localities in the city, and it’s always a good idea to do your own research and due diligence before making any investment decisions. However, by considering factors such as property prices, infrastructure, connectivity, and the presence of IT companies, these localities are expected to be safe bets for real estate investment in 2024.
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It’s also worth noting that the rental market in Bangalore is also quite strong, with a high demand for rental properties in these areas. According to the NoBroker Rent Report 2024, the average rental yield in these localities is around 5-7%, which is quite attractive for investors looking for a steady income stream. Additionally, the report also states that there is a high demand for 2BHK and 3BHK properties in these areas, indicating that there is a growing demand for larger, family-friendly properties in the city.
Top Trending Localities to Invest in Bangalore in 2024
According to the report, the top trending localities to invest in Bangalore in 2024 are:
- Whitefield – Whitefield is one of the best place to buy land in Bangalore. It is the most popular locality in Bangalore for real estate investment. The area has seen a significant increase in property prices in recent years, with the average property price now standing at around INR 8,000 per sq. ft. The area is known for its well-developed infrastructure, good connectivity, and a large number of IT companies, making it a popular choice for professionals working in the IT sector.
- Sarjapur – Sarjapur is another popular locality in Bangalore for real estate investment. The area has seen a steady increase in property prices in recent years, with the average property price in the area now standing at around INR 6,500 per sq. ft.. The area is known for its well-developed infrastructure, good connectivity, and a large number of IT companies, making it a popular choice for professionals working in the IT sector.
- HSR Layout – HSR Layout is a rapidly growing locality in Bangalore, with the average property price in the area now standing at around INR 6,000 per sq. ft. The area is known for its well-developed infrastructure, good connectivity, and a large number of IT companies, making it a popular choice for professionals working in the IT sector. The area also has a large number of educational institutions and shopping centres, making it a great place to live for families.And this is the best place to buy a flat in Bangalore.
- Bellandur – Bellandur is a rapidly growing locality in Bangalore, with the average property price in the area now standing at around INR 6,000 per sqft. The area is known for its well-developed infrastructure, good connectivity, and a large number of IT companies, making it a popular choice for professionals working in the IT sector. The area also has a large number of educational institutions and shopping centres, making it a great place to live for families.
- Electronic City – Electronic City is one of the most popular localities in Bangalore for real estate investment. The area has seen a significant increase in property prices in recent years, with the average property price in the area now standing at around INR 6,000 per sqft. The area is known for its well-developed infrastructure, good connectivity, and a large number of IT companies, making it a popular choice for professionals working in the IT sector.
These are the top trending localities in Bangalore for real estate investment in 2024, based on data and insights from the NoBroker Rent Report 2024. It’s important to note that these are just a few of the many popular localities in the city, and it’s always a good idea to do your own research and due diligence before making any investment decisions. However, by considering factors such as property prices, infrastructure, connectivity, and the presence of IT companies, these localities are expected to be a safe bet for real estate investment in 2024.
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New Developing Areas in Bangalore
Bangalore’s real estate market is ever-evolving, with new areas constantly emerging as potential hotspots for investors and homebuyers. Here’s a look at some of the new developing areas in Bangalore:
- North Bangalore: This region is witnessing a significant boom due to the establishment of new IT parks and educational institutions. Areas like Hennur Road, Thanisandra, and Hebbal are seeing a surge in residential projects, attracting young professionals seeking a modern lifestyle.
- Budigere Cross: Located near the Outer Ring Road, Budigere Cross is a new development promising a serene environment with easy access to major IT hubs like Whitefield and Marathahalli. This area offers a mix of residential plots and villas, catering to those seeking a more spacious living environment.
- Devanahalli: This area, known for the presence of the Kempegowda International Airport, is transforming into a prominent residential hub. With improved infrastructure and connectivity, Devanahalli offers a perfect blend of urban amenities and a quieter atmosphere.
- Yelahanka: Situated in North Bangalore, Yelahanka is another developing area with a rich history and a pleasant climate. The upcoming metro connectivity and the presence of the aerospace industry are driving growth in this region. Yelahanka offers a variety of residential options, from apartments to villas.
- ORR (Outer Ring Road) Zone: The areas surrounding the Outer Ring Road are witnessing significant infrastructural development, making them attractive investment destinations. Areas like Kanakapura Road, Bannerghatta Road, and Sarjapur Road offer a mix of residential apartments and plots, catering to diverse budgets and preferences.
It’s also worth noting that the rental market in Bangalore is also quite strong, with a high demand for rental properties in these areas.
- According to the NoBroker Rent Report 2024, the average rental yield in these localities is around 5-7%, which is quite attractive for investors looking for a steady income stream.
- The report also states that there is a high demand for 2BHK and 3BHK properties in these areas, indicating that there is a growing demand for larger, family-friendly properties in the city.
- These areas have seen a steady increase in property prices in recent years and are known for their well-developed infrastructure, good connectivity, and a large number of IT companies, making them a popular choice for professionals working in the IT sector.
- Additionally, the high rental yield and growing demand for rental properties in these areas make them an attractive option for investors looking for a steady income stream.
- It is always a good idea to do your own research and due diligence before making any investment decisions, but these localities are expected to be safe bets for real estate investment in 2024.
Essentially, NoBroker Rent Report 2024 suggests that the top trending localities to invest in Bangalore in 2024 are Whitefield, Sarjapur, HSR Layout, Bellandur and Electronic City.
Which Were the Worst-Performing Micro-Markets in Bangalore in 2024?
There are a few micro-localities that saw a dip in growth and interest from buyers in 2022, these localities include places like Hebbal and CV Raman Nagar, this is a surprise, especially for Hebbal which has been a favourite locality due to the abundance of commercial spaces, restaurants, and colleges. It was even the best area to invest in Bangalore in the year 2022.
Other localities that saw a dip were Mahadevpura, Bilekahalli and Banashankari. These localities are more residential, are well connected and have commercial spaces too.
The Best Area to Invest in Property in Bangalore for Buyers In 2024
Though the year 2022 was tough for most, there were still plenty of homebuyers in the market. They took the time to look at as many options as possible before settling on a home and a locality to buy that home in.
Our findings show that these localities were still one of the best areas to invest in Bangalore for buyers in 2022 –
- Whitefield
- Banashankari
- HSR Layout
- Electonic City
- Bellandur
Looking at these trends, it is easy to see which localities you should invest in in 2024. These localities saw growth in some of the most troubled times, hence it could mean that things are going to keep looking up in these localities and the localities will continue to be the best place to buy property in Bangalore. Hence, they are the top choices in our list for the best place to buy plots in Bangalore.
Localities That Have Appreciated in Value in 2024
Some localities saw an appreciation in value from 2022 – 2024, these areas were not affected by the slowdown and in fact, saw a rise in demand as well as cost per sq. ft. These localities have some of the best properties to invest in Bangalore. These areas are-
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- Mahadevapura – prices increased by 11.29%
- Hebbal – prices increased by 9.52%
- Bellandur – prices increased by 8.80%
- HSR Layout – prices increased by 7.69%
- Varthur – prices increased by 7.48%
If you are looking for the best location to buy a flat in Bangalore for purely investment purposes in 2024, then these areas are the best place to start. If you are an NRI looking to invest in property in Bangalore, then these are the localities that you should investigate.
Trending Localities for Rent in Bangalore
People who are looking to rent stuck with last year’s favourite localities like Whitefield and HSR Layout. Apart from these two popular localities, many renters showed interest in localities like Banashankari, Electronic City and Marathahalli.
The interesting thing to note with this trend is that most of the localities lie in the east of the city. This side of the city is newer and is known for its many commercial buildings and offices. The odd one out is Banashankari which is in the South of the city and is known to be more peaceful and residential. Here is the best place to invest money in Bangalore for good ROI on rental income
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- HSR Layout
- Whitefield
- Indiranagar
- Koramangala
The Best Places to Invest in Bangalore in 2024
A few of the localities that people wish to buy are also where people wish to rent, but as you can guess, areas that offer a good quality of life are more popular amongst tenants in Bangalore. The most popular localities for rent in Bangalore are –
- HSR Layout ( flats for rent in HSR Layout )
- Whitefield ( flats for rent in Whitefield )
- Indiranagar ( flats for rent in Indiranagar )
- Bellandur ( flats for rent in Bellandur )
- Koramangala ( flats for rent in Koramangala )
Popular Localities for Rent in Bangalore That Have Seen an Increase in Rent in 2023
The prices in these areas have not gone up much, even though the demand has gone up. This is true for all localities but one- Indiranagar. There are a few localities that have shown a growth in rents and also in interest from renters. These are the best place to invest in real estate in Bangalore-
- Rajajinagar – rent increased by 28.31%
- Hebbal – rent increased by 18.69%
- Jayanagar – rent increased by 15.41%
- Electronic City – rent increased by 14.95%
- Indiranagar – rent increased by 11.94%
If you are looking to buy a home and get a decent rental income, these are the areas you should consider. These areas have managed to demand more rent and see a growth in overall demand from tenants, making it a good place for NRIs as well to invest, if they are looking for good rental income in 2024. These areas are the best places to invest in property in Bangalore in 2024.
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Why Invest in Bangalore in 2024?
Bangalore’s four main pillars are the zones in the north, south, east, and west. All of the zones have experienced infrastructure growth and development throughout the years, but the North and East have experienced particularly significant growth. This IT hub of India has proven to be the ideal location for real estate investment because of its fantastic transportation infrastructure, malls, parks, educational facilities, and many other social amenities.
Builders, investors, and homebuyers are confident in their investments since they have already seen respectable returns. Due to their proximity to the Bangalore Airport and the two major IT Tech parks in the area, the North & East zones have flourished considerably. Over the past 10 to 15 years, most real estate investments in Bangalore (particularly land) have averaged a 5-8 per cent annual CAGR. If it is a residential property, anyrental income that you might receive is not included in this. While the rise in supply during the real estate boom between 2011 and 2014 has caused a significant slowdown in property values over the 2016–2019 timeframe, property investments should be assessed over a longer time frame of 10-15 years.
If you are still thinking about some valid reasons real estate investors and homebuyers should invest in Bangalore in 2023, here are some that you cannot neglect:
- Strong Economic Growth: Bangalore has a robust economy that is driven by the IT sector. The city is home to a large number of IT companies and start-ups, which have been driving the city’s economic growth in recent years. This strong economic growth has led to an increase in demand for housing, making it an attractive destination for real estate investment.
- High Rental Yields: Bangalore has a high demand for rental properties, making it an attractive destination for real estate investors looking for a steady income stream. According to the NoBroker Rent Report 2023, the average rental yield in the city is around 5-7%, which is quite attractive for investors.
- Growing Demand for Housing: The growing population and the increasing number of people moving to the city for work have led to a growing demand for housing in Bangalore. This has led to an increase in property prices in recent years, making it a good time for investors to enter the market.
- Affordable Prices: Despite the increase in property prices in recent years, Bangalore still offers relatively affordable prices compared to other major cities in the country. This makes it an attractive destination for homebuyers looking to purchase their first home or invest in property.
- Good Connectivity: Bangalore has a well-developed transportation infrastructure, with good connectivity to other parts of the city and the country. This makes it easy for residents to travel to work and other areas, making it an attractive destination for homebuyers.
- Quality of life: Bangalore is known for its pleasant climate and beautiful gardens. The city has a good quality of life and a cosmopolitan culture, making it an attractive destination for people who want to live in a city that has a good balance of work and leisure.
In conclusion, Bangalore is an attractive destination for real estate investment and home buying in 2024. The city’s strong economy, high rental yields, growing demand for housing, affordable prices, good connectivity, and high quality of life make it an ideal place to invest in. With the right research and due diligence, real estate investors and homebuyers can find great opportunities in Bangalore that can provide them with a good return on investment. Here you will get all updated information on the best places to invest in Bangalore. If you need more help finding a home in Bangalore, then let the experts at NoBroker help. We can connect you directly with top builders in the city so you can get the best deals. If you are looking for a re-sale house, we have thousands of options for you. You can get the help you need for the paperwork, home loan, property checks, rental agreement and more. Trust NoBroker to make the whole house hunting experience stress-free and as simple as possible.
FAQ’s
Q1. Which is the best place to invest in Bangalore in 2024?
Ans. From the extensive data collected, you’ll find that the NoBroker Real Estate Report has identified a few micro-markets and localities that showed great growth in 2022. If you’re looking to invest or buy a home in 2024, your best bet would be to look at these areas. You can find out more in this article.
Q2. Where should I rent a home in Bangalore in 2024?
Ans. If you’re new to the city, the best way to decide on where to rent a home is based on your work location. If the commute is not an issue, then read this article to find out the most trending localities to rent a home in Bengaluru. These localities are the top choice for renters in 2022 and trends show that some of them will do well even in 2024. Find out more about these localities in this article.
Q3. Which localities see the most interest from buyers in Bangalore in 2024?
Ans. The NoBroker Real Estate Reports points out some interesting localities that have gained attention from buyers in 2020, 2021, and 2022. If you look at the trends, you know that these localities are likely to remain a favourite this year too. Find out more about these localities in this article.
Q4.Which part of Bangalore sees the most buyer and renter interest?
Ans. If you look at the city, there is oddly one portion that saw more growth as compared to the others, this is East Bangalore. If you want to know which localities in East Bangalore saw the most growth and interest from renters and buyers in 2022, refer to the blog above.
Q5.Where can I buy a flat in Bangalore for investment purposes?
Ans. Bangalore offers a variety of options for investment flats, depending on your goals. Whitefield, Electronic City, Central Bangalore (Indiranagar, Brigade Road, MG Road), North Bangalore (Hebbal, Hennur Road, Thanisandra), East Bangalore (Koramangala, Sarjapur Road, Marathahalli), North Bangalore outskirts (Budigere Cross, Yelahanka) are the places to buy a flat.
