The real estate market in West Bangalore is experiencing significant growth with promising future growth in the next few years due to its proximity and new social infrastructure developments. Key areas Rajajinagar, Malleswaram, Vijayanagar, and the new residential and commercial regions around Peenya and Magadi Road are influencing the growth of the real estate market in West Bangalore. There is also an increasing demand for both residential and commercial properties.
The main reason for the future growth of West Bangalore is its strategic location and good connectivity to the Bangalore city centre, Kempegowda International Airport, and major IT tech parks in Electronic City and North Bangalore. The extensions of the Namma Metro Purple Line, improved roadways, and new planned commercial developments will enhance accessibility and attract new investments in the region.
Several factors contributing for the Real Estate future growth in West Bangalore are:
Infrastructure Development
- The expansion of the Namma Metro Purple Line, which connects major areas of West band East Bangalore, will attract potential investors and has created high demand for real estate properties in West Bangalore.
- The expansion of Outer Ring Road (ORR) and the new Peripheral Ring Road (PRR) will provide good connectivity between West Bangalore and other parts of the city, which will increase the real estate development in the region.
- The development of Tumkur Road, Bangalore Mysore Express Way, which is one of the busiest arterial roads in Bangalore, is another reason for the growth of real estate. The real estate market close to these regions is gaining more attraction from investors and improving the future real estate growth in West Bangalore.
Proximity to Educational Institutions and Hospitals
Major areas like Malleswaram, Rajajinagar, RR Nagar, and the surrounding localities are well-connected to top educational institutions, hospitals, and commercial hubs. This makes the local real estate market attractive for families looking to settle in an area that balances children's lifestyles.
Industrial Growth
The industrial sector has developed in major areas like Peenya, Asia's largest industrial area. It contributes to the growth of the real estate market in West Bangalore. The industrial growth also has increased demand for employee housing, retail spaces, and other commercial services.
Proximity to IT Hubs
West Bangalore is a modern commercial region. Even though it is not likely to be known as an IT hub, the strategic location of the region offers good access to major IT regions like Whitefield, Koramangala, and the Electronic City area via Metro and Outer Ring Road with less traveling time. It influences demand for the residential market as working professionals seek affordable housing options in West Bangalore.
Land Availability
Compared to the expensive real estate markets in East Bangalore, West Bangalore has more opportunities for developers with the availability of large land areas on the outskirts of the city. The Tumkur Road, Yeshwanthpur, Mysore Road, and the surrounding localities will lead to new residential and commercial project developments.
Birla Ojasvi is a Prelaunch project by Birla Estates in Rajarajeshwari Nagar Bangalore.
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