Expensive Localities in BengaluruBeing an IT city, the Bengaluru property market is quite different from others. The demand, design and lifestyle of the young millennials have set a modern yet compact tone for the living units and thus most of the areas have cost in the upper range. Mostly, the professionals and NRIs invest here and hence, we here listed the top expensive localities in Bengaluru for property investment.

1. Rajajinagar

This is a residential locality in the West Bengaluru and shares its boundaries with Basaveshwaranagar, Malleshwaram and Mahalakshmipuram.  Named after C. Rajagopolachari, a statesman, this locality had 1000 acres of land and it was segregated between housing and industrial areas. The average unit price of a residential apartment here ranges between Rs. 9,818 – 13,005/sq. ft and the monthly rental of 2BHK in Rajajinagar falls between Rs. 31,108 – 37,544. The locality has smooth connectivity and the availability of social infrastructural facilities like banks, hospitals, educational institutions and entertainment arcades make this a plush locality to make property investment in Bengaluru.

2. Richmond Town

Situated in central Bengaluru this locality was once a residential address for Anglo Indians, Parsis, Muslim traders from across Persia. The Richmond Park and Johnson Market are the two landmark areas of Richmond Town and the property market here is witnessing a boom these days. The present average unit cost of a residential flat here falls somewhere between Rs. 9,562 – 12,622/sq. ft. and the monthly rental value for 2BHk and 3 BHK lies between Rs. 31,875 – 40,375 and Rs. 45,900 – 56,100 respectively.

Also Read : Property Hotspot in Bengaluru for NRI Investors

3. Benson Town

Located in Northeast Bengaluru this area has smart road connectivity via Cinappa Garden Road, Netaji Road and Basaveshawara Main Road and also make travelling easy to various entertainment and shopping zones through Brigade Road, MG Road, Commercial Street, Cantonment Railway Station, Fraser Town, Jayamahal Extension and Shivaji Nagar. The average unit cost here is between Rs. 8,628 – 11,220/sq. ft. and the monthly rental of 2BHK in Benson Town falls between Rs. 23,460 – 26,520. Apart from this, you can yield a monthly rental between Rs. 45,305 – 59,245 from a 3BHk in Benson Town, Bengaluru.

4. Ulsoor

This locality is also situated in Central Bengaluru and is designed around the biggest lake in the city. Ulsoor has a lush green environment and the availability of social amenities and smooth infrastructural facilities make this a hotspot for property investment in the most expensive localities in Bengaluru. The Ulsoor area is famous for having independent homes in the city and the average unit cost of the independent floor here ranges between Rs. 3,952 – 4,888/sq. ft.

5. Basavanagudi

This is another old locality in Bengaluru and is famous for its food joints. You can invest in independent homes here also as the area offers easy connectivity to places like Gandhi Bazaar, DVG Road, Indian Institute of World Culture. The average unit price of a residential flat in this locality starts from Rs. 9,265  per sq. ft.

6. Koramangala

Located in the eastern Bengaluru, this is one of the most expensive localities in Bengaluru for property investment. The companies like Flipkart, Wipro, Infosys, Siemens and Toshiba own homes here and the entire city is easy to commute via Inner Ring Road and Sarjapur Road. The property investment in Koramangala, Bengaluru begins from Rs. 8,160 per sqft.

7. Cooke Town

This is a cantonment area in Bengaluru and has bungalows and low-rise apartments enabled with various recreational amenities. The average unit price here ranges between Rs. 7,862 – 9,732/sq. ft. and the monthly rental value for a 2BHk starts from Rs. 21,505. Similarly, the monthly rental for a 3BHk here is between Rs. 42,458 – 48,748.