Bengaluru to dominate India’s commercial real estate market with 330-340 mn sq feet office space by 2030? @houseliv

India’s IT capital Bengaluru is expected to continue its lead in India's commercial real estate market with 330-340 million square feet of office stock by the year 2030, according to a report by the Confederation of Indian Industry and CBRE.

The report titled ‘Karnataka Horizon: Navigating Real Estate Excellence in the South’ that was released in Bengaluru on July 10 highlighted that the city has seen its office stock more than double to over 223 million square feet as of June 2024, from 100 million square feet in 2013, to comprise the highest share in the segment amongst all major cities in the country.

As of June 2024, the overall office stock in India stood at 880.7 million square feet, in which Bengaluru accounted for the largest contribution at 25%, per the report. This came at an average annual absorption of about 15-16 million square feet in the city over the past few years, it added.

“Over the next few years Bengaluru is expected to grow extensively in the peripheral regions…Coupled with the availability of large-sized land parcels and multiple upcoming infrastructure initiatives, the commercial sector is slated to expand significantly in the northern, eastern and southern parts,” said Anshuman Magazine, Chairman and CEO - India, South-East Asia, Middle East and Africa, CBRE India.

Which sectors are driving demand?

In the run up to 2030, the technology, engineering and manufacturing, and BFSI categories are expected to comprise the main demand drivers for Bengaluru’s office market, alongside life sciences, aviation and automobile as emerging sectors making their contribution in propelling demand.

Bengaluru Best Real Este site Houseliv

Presently, the technology sector accounts for 30-35% of annual absorption in the city, primarily in the commercial hubs of Outer Ring Road and Whitefield, according to the report.

The report also highlighted that Bengaluru has led demand amongst global capability centres (GCCs) in India with a 41% share between 2022 - June, 2024. It credited this feat to a combination of offerings by the garden city, including a skilled talent pool, premium Grade-A assets, and a well-developed IT ecosystem.

“Karnataka's vibrant tech infrastructure must continue to evolve to retain its edge. Developing premium, sustainable tech spaces with cutting-edge facilities will be key,” opined Ram Chandnani, Managing Director, Advisory and Transactions Services, CBRE India.

Shailendra Naidu, who is a senior executive director for advisory and transaction services at CBRE, listed ease of doing business, high land costs and efficient space utilization as some long-term challenges for this market. “The method here that most development firms use to acquire land is a joint venture. In that model, there can be challenges going ahead,” he said.

Entertainment, fashion and homeware lead demand in retail segment

According to the report, Bengaluru's retail real estate stock has more than doubled to over 16 million square feet as of June 2024, from 7.2 million square feet in 2013, to hold the second-highest share among the top Indian cities at 24%. This metric is further estimated to increase to 20-30 million square feet by 2030, representing a 1.4 times growth, the report noted.

Absorption in Bengaluru’s retail market is primarily driven by entertainment, fashion and apparel, and homeware and department stores, each accounting for about 20-30% of the annual demand, per the report. It added that the average annual absorption in this segment stands at 1.5-2 million square feet in the capital city.

Bengaluru is also a star performer housing three of the nation's 17 listed malls, the report added.

Bengaluru Real Estate

Karya Siddhi Anjaneya Temple Girinagar Bangalore @houseliv

Karya Siddhi Anjaneya Temple Girinagar Bangalore

The Karya Siddhi Anjaneya Temple Girinagar, Bengaluru, is a relatively new temple, having been inaugurated in 2015. However, the history of the temple’s origins can be traced back to the early 1990s.

In 1991, Sri Ganapathy Sachchidananda Swamiji, the head of the Avadhoota Datta Peetham in Mysuru, visited Bengaluru. During his visit, he was invited to visit the Girinagar area. When he arrived, he was struck by the beauty of the area and the peacefulness of the lake. He decided that this would be the perfect location for a temple dedicated to Lord Hanuman.

The construction of the temple began in 2012 and was completed in 2015. The temple is built in the octagonal shape and is made of white marble. The main deity of the temple is a 200-tonne monolithic idol of Lord Hanuman. The idol is carved in a standing position and is said to be one of the largest monolithic idols of Lord Hanuman in the world.

Legend of Karya Siddhi Anjaneya Temple Girinagar:

Once upon a time, there was a poor man who lived in a village near the temple. He was very hardworking, but he was always struggling to make ends meet. One day, he decided to go to the temple to pray for help.

The man prayed to Lord Hanuman for many hours. Finally, Lord Hanuman appeared before him and asked him what he wanted. The man told Lord Hanuman that he was very poor and that he needed help to make ends meet.

Lord Hanuman was pleased with the man’s devotion, and he granted him his wish. The man became wealthy, and he lived happily ever after.

This legend is a reminder that Lord Hanuman is always willing to help those who are in need. If you are facing any challenges in your life, you can pray to Lord Hanuman for help. He will always be there to guide and protect you.

One of the most popular myths about the temple is that it was built by Lord Hanuman himself. According to legend, Hanuman was once flying over the area when he saw a group of devotees praying to him. He was so touched by their devotion that he decided to build a temple in their honor.

Another myth about the temple is that it is said to fulfill the wishes of its devotees. This belief is based on the story of a young woman who was once praying at the temple. She was praying for a husband, and Hanuman appeared to her in a dream and told her that her wish would be granted. The woman soon found a husband, and she and her family have been devoted to the temple ever since.

The Karya Siddhi Anjaneya Temple is also said to be a place of great spiritual power. Devotees believe that if they pray at the temple with a sincere heart, their wishes will be granted. The temple is also said to be a place of healing, and many people have come to the temple to pray for relief from illness or injury.

Temple Timings:

• Morning: 6:30 AM to 12:30 PM


• Evening: 5:00 PM to 9:00 PM

Special Timings:

• On Tuesdays and Saturdays, the temple is open from 6:00 AM to 1:00 PM and 5:00 PM to 9:30 PM.


• On Hanuman Jayanti, the temple is open from 6:00 AM to 11:00 PM.

Rituals:

• The main ritual at the temple is the offering of coconuts to Lord Hanuman. Devotees believe that offering a coconut will help them fulfill their wishes.


• Other rituals include the chanting of Hanuman Chalisa, the reading of the Ramayana, and the offering of flowers and fruits to Lord Hanuman.

Aarti:

• Aarti is performed four times a day at the temple:
  
  
  
  • Morning: 7:30 AM
  
  
  • Noon: 12:30 PM
  
  
  • Evening: 6:30 PM
  
  
  • Night: 9:00 PM
    

    Karya Siddhi Hanuman Coconut Pooja Rules:

    
    Traditionally, coconuts are offered at the temple as part of a specific puja called the “16 Days Coconut Puja”. In this puja, devotees offer a coconut to Lord Hanuman and complete a set of rituals over a 16 day period. At the end of the 16 days, the temple returns the offered coconut to the devotee.
    
    Here’s a breakdown of the 16 Days Coconut Puja:
    
    
    
    • Offer 1 coconut to Lord Hanuman to fulfill a specific wish.
    
    
    • Priests will tie the coconut with its outer shell at the temple.
    
    
    • Chant the Karya Siddhi Anjaneya temple mantra 108 times every day.
    
    
    • Do 41 pradakshinas (circumambulations) twice a week at the temple over the course of 16 days.
    
    
    • Temple will provide a Hanuman mantra and an orange thread to tie around your wrist for 16 days.
    
    
    • Abstain from non-vegetarian food and alcohol during this period.
    
    
    • On the 16th day, visit the temple and take home your allotted coconut kept on the temple premises.
    
    
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      1. Ragigudda Anjaneya Temple: Another prominent Anjaneya temple located in Jayanagar, not far from Girinagar.
      
      
      2. Bugle Rock Park: Situated in Basavanagudi, this park is known for its unique rock formation and offers a peaceful environment for visitors.
      
      
      3. Dodda Ganapathi Temple: Located in Basavanagudi, this temple is known for its enormous Ganesha idol, and it’s a popular religious site in the area.
      
      
      4. Gavi Gangadhareshwara Temple: A historical cave temple dedicated to Lord Shiva, known for its unique architecture and the phenomenon where sunlight passes through the cave and touches the Shiva Linga only on Makar Sankranti.
      
      
      5. Bull Temple (Nandi Temple): This temple, located in Basavanagudi, is famous for its massive Nandi (bull) statue, and it’s one of the oldest temples in Bangalore.
      
      
      6. Lalbagh Botanical Garden: A beautiful botanical garden with a variety of plants and trees, ideal for a leisurely stroll or a peaceful day out.
      
      
      7. Basavanagudi Aquatic Centre: If you’re interested in swimming or want to enjoy a day by the pool, this aquatic center in Basavanagudi is a good option.
      
      
      8. National College Grounds: This is a popular venue for various cultural and sports events. Check for any events or activities happening during your visit.
      
      
      9. Gandhi Bazaar: A bustling market area in Basavanagudi, known for its traditional shops, street food, and a vibrant atmosphere.
      
      
      10. Bangalore Fort: Explore the historical Bangalore Fort, located in the heart of the city, to get a glimpse of the city’s past.

      11. FAQ:

          
          

          What is the history of Karya Siddhi Anjaneya Temple?

          
          The Karya Siddhi Anjaneya Temple was built in 1982 by Sri Ganapathi Sachchidananda Swamiji, the spiritual head of Avadhoota Datta Peetham. The temple is dedicated to Lord Hanuman, who is worshipped as the embodiment of strength, courage, and devotion.
          

          What is the significance of the temple?

          
          The Karya Siddhi Anjaneya Temple is a popular pilgrimage site for devotees from all over India. The temple is known for its powerful vibrations and its ability to grant wishes. Devotees believe that Lord Hanuman will bless them with success in all their endeavors if they pray with a sincere heart.
          

          What are the timings of the temple?

          
          The temple is open from 6:00 AM to 12:00 PM and from 4:00 PM to 9:00 PM.

      12. What are the special poojas performed at the temple?

          
          The temple offers a variety of special poojas, including:
          
          
          
          • Abhisheka: This is a ritualistic bath performed for the deity.
          
          
          • Homa: This is a fire ritual performed to invoke the blessings of the deity.
          
          
          • Rudrabhisheka: This is a special pooja performed to Lord Shiva.
          
          
          • Navagraha Shanti: This is a pooja performed to appease the nine planets.
          
          
          
          

          How to reach the temple?

          
          The temple is located in Girinagar, Bengaluru. It is easily accessible by bus, auto, or taxi.
          

          What are the facilities available at the temple?

          
          The temple has a number of facilities for devotees, including:
          
          
          
          • Free parking
          
          
          • Prasad distribution
          
          
          • Restrooms
          
          
          • Drinking water
          
          
          
          

          What are the nearby attractions?

          
          The temple is located close to a number of other attractions, including:
          
          
          
          • Lalbagh Botanical Garden
          
          
          • Vidhana Soudha
          
          
          • Cubbon Park
          
          
          • ISKCON Temple
          
          
          
          

          What are the tips for visiting the temple?

          
          
          
          
          • Dress modestly.
          
          
          • Remove your footwear before entering the temple.
          
          
          • Be respectful of other devotees.
          
          
          • Do not litter the temple premises.
          
          
          
          

          Is there any accommodation available near the temple?

          
          Yes, there are a number of hotels and guesthouses located near the temple. You can find a list of these accommodations online or by asking at the temple office.
          

          Is there any website or contact number for the temple?

          
          Yes, the temple has a website and a contact number. You can find this information online or by asking at the temple office.
          

          What are the rules for Karya Siddhi Hanuman Temple?

          
          General Temple Etiquette:
          
          
          
          • Dress modestly: This is a general rule for most Hindu temples.
          
          
          • Footwear: Remove your shoes before entering the temple.
          
          
          • Respect: Be respectful of other devotees and maintain a quiet atmosphere for prayer.
          
          
          • Poorna Phala Samarpana (Coconut Offering) 
            
          
          
          • Purchase a coconut: You can buy a special coconut from the temple authorities for a specific fee.
          
          
          • Sankalpa (wish): While holding the coconut, make a silent prayer or wish in front of the idol.
          
          
          • Tying the coconut: The temple will likely have a designated area to tie the coconut with its outer shell intact.
          
          
          • Chanting: Chant the provided Karya Siddhi Hanuman Mantra 108 times daily for 16 days.
          
          
          • Pradakshina: Visit the temple twice a week and perform 41 circumambulations (pradakshina) around the shrine during these 16 days.
          
          
          • Restrictions: For these 16 days, you may be advised to follow a vegetarian diet and abstain from alcohol.
          
          
          • Collecting Prasadam (offering): On the 16th day, return to the temple to collect your coconut, which is now considered blessed prasadam.
            

            How to reach Karya Siddhi Anjaneya Temple Girinagar:

            
            By Road:
            
            You can use a map application or GPS to navigate to Girinagar in Bengaluru.
            
            Once you reach Girinagar, inquire about the specific location of the Karya Siddhi Anjaneya Temple.
            
            By Air:
            
            If you are arriving by air, Kempegowda International Airport is the primary airport in Bengaluru.
            
            From the airport, you can hire a taxi or use other transportation options to reach Girinagar.
            
            By Rail:
            
            If you are arriving by train, Bengaluru has several railway stations.
            
            After reaching the railway station, you can use local transportation options like buses or cabs to reach Girinagar.
            

            GoogleMaps:  https://g.co/kgs/rYi6JFJ

            
            
          
          
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             https://houseliv.com 

          • #realestate #girinagar #houseliv 
          • 
            

Old House for Sale In Girinagar

 

Duplex BDA House For Sale in Girinagar.

Measurement: 30×40= 1200sqft.

Facing: West site North Door.

Katha: BDA

Building age: More than: 15yrs

Price: 3.35Cr

Water: Bore & Cauvery.

Very good location

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Interested in any of our properties! Please call between 9:30am to 6:30pm. Houseliv

Why Bengaluru’s property owners are frowning over the new e-khata system of registration. Houseliv Realty

The Bruhat Bengaluru Mahanagara Palike’s e-khata is an electronic property certificate that maintains ownership information in an online database to improve transparency, eliminate fraudulent dealings and simplify the registration process.

Aimed at streamlining property registration, the Bruhat Bengaluru Mahanagara Palike’s (BBMP) e-khata system has led to confusion and hassles for property owners in Karnataka’s IT capital. Just months into the new system, complaints have emerged about incomplete and inaccurate e-khata records causing significant delays and reportedly leading to a 60 per cent drop in registrations.

A PIL petition has been filed in the Karnataka High Court with a prayer to declare the government’s circular mandating e-khata for property transactions void, allowing registrations without it where the system is not enabled. While the court has sought the government’s response, BBMP officials say they are gradually adapting to the new system and working to assist property owners.

What is e-katha and why was it introduced?

E-khata is an electronic property certificate that maintains ownership information in an online database, serving as an alternative to the traditional paper-based khata. It aims to improve transparency, eliminate fraudulent dealings or duplicate transactions, and simplify the process. Previously, the absence of e-property accounts allowed misuse of the Kaveri software for fraudulently registering documents under the “other” category. This led to cases of forged PID (property identification) numbers, government properties being illicitly registered, and innocent owners losing rights to their properties. E-khata is now required for all property transactions, including residential, commercial, and agricultural land. Property owners with existing records do not need to apply, but it is required if the property is transferred through sale or gift.

Since 2006, the Kaveri software of the Department of Stamps and Registration has been integrated with the land registration system for agricultural land. On October 5, 2016, Mojini Software was linked with Kaveri software to incorporate land survey maps (Form 11E) into the registration process. For non-agricultural properties in gram panchayats, the e-khata system was integrated with Kaveri software through a circular issued on July 18, 2014.

Meanwhile, for properties under the Ramanagara and Kanakapura local bodies, e-property software was implemented in coordination with the department, along with the Kaveri-2 software, on a trial basis starting January 29, 2020.

For properties under the BBMP, the e-khata system was integrated with Kaveri software and implemented in 11 wards on October 25, 2021. Starting April 30, 2022, the e-khata system was extended to 30 wards for property registration. On August 16, 2024, the Urban Local Body Management System e-account software was integrated with the Kaveri-2 software to streamline the registration processes for properties under the Bangalore Development Authority and the stamps and registration department. By September 30, 2024, the e-khata system was implemented in all wards of the Greater Bangalore Mahanagara Palike. Registration under the urban local body software began in four districts on September 9, 2024, expanded to eight districts by September 23, 2024, and covered the remaining 18 districts by October 7, 2024.

How does one obtain e-khata?

The revenue department has issued a set of guidelines for property owners in Bengaluru to obtain their BBMP final e-khata for urgent property registrations at sub-registrar offices. Property owners can download their draft e-khata online from the ward-wise e-khata list available on the BBMP’s eAasthi portal. The process involves uploading key details, including the BBMP property tax application number, Aadhaar-based eKYC, registered deed number, a recent encumbrance certificate, property photo and the Bescom account ID. Upon submission, owners must visit the Assistant Revenue Office, where the final e-khata will be issued within a day if all documents are in order. Those facing challenges can approach jurisdictional AROs. Those without urgent registration needs are advised to avoid ARO visits and complete the process online. Queries can be addressed through the helpline number or via email.

How many properties have been digitised by the BBMP?

The official BBMP e-Aasthi website states that digitisation of properties is ongoing with 21 lakh properties now digitised and 1 lakh properties remaining.

What are the challenges faced by property owners because of the e-khata system?

The implementation of the BBMP’s e-Aasthi system has been marred by significant issues, leading to delays and confusion in property registrations. Many residents have reported errors in draft e-khatas such as discrepancies in owner names, addresses and property details, reflecting the system’s lack of readiness. These inaccuracies, coupled with incomplete records, have caused substantial delays in property transactions.

The Confederation of Real Estate Developers’ Association of India (CREDAI) Bengaluru has highlighted that the abrupt implementation has impacted property transactions worth approximately Rs 7,500 crore. Additionally, the e-Aasthi portal lacks provisions to fulfil statutory requirements like property title transfers under section 149(1) of the BBMP Act 2020, leaving property owners without clear guidelines for pending applications. The absence of clarity on khata transfer fees, which were previously set at 2 per cent of the property’s stamp duty value, further adds to the confusion, delaying transactions and enabling exploitation, residents point out.

Have property registrations really reduced because of the e-khata system?

Revenue Minister Krishna Byre Gowda has dismissed concerns about property registrations plummeting and the Government’s revenue generation being hit because of the e-khata system. According to the data presented by the minister during the winter session of the Assembly, the Government collected an increased revenue of Rs 2,000 crore from property registration.

“From April to November in FY 2024-25, revenue collections amounted to Rs 15,145.32 crore, reflecting an increase of Rs 2,656.43 crore compared to Rs 12,488.89 crore collected during the same period in 2023. For the period between December 2023 and March 2024, revenue collections reached Rs 7,798.41 crore. The total revenue for the financial year 2023-24 stood at Rs 20,287.30 crore. With the ongoing trend, the revenue for the current financial year (2024-25) is anticipated to surpass last year’s total,” he said.

What is the government’s response?

The Government claims that the e-khata is issued on priority to residents who need to sell or register properties and are facing challenges. According to the BBMP, individuals with upcoming property registrations can follow a streamlined process to obtain their final e-khata by visiting the BBMP e-Aasthi website and downloading the draft e-khata for their ward and completing the process as listed on the website. The BBMP also requested that residents without urgent property registrations refrain from visiting the ARO office unless they receive a specific endorsement from the civic body. Additionally, e-khata facilitation is also made available in all Bangalore One centres and 11 dedicated BBMP staff have been deployed to assist those who need e-khata for immediate transaction or registration.

Bangalore Real Estate

Bengaluru residential property registration falls 8% y-o-y between July-September 2024 to 25,259 housing units

Bengaluru's residential real estate market saw an 8% year-over-year decline in the July-September 2024 quarter. Housing unit sales value fell 15% to ₹15,739 crore, down from ₹18,505 crore in the same period last year.

Residential registrations in Bengaluru dropped 8% year-over-year during the July-September 2024 quarter, totaling 25,259 units, according to data from proptech platform Square Yards.

Consequently, the average home sales value in Bengaluru decreased by 7% annually, with the current average home price standing at ₹62 lakh.

Yogesh, Principal Partner at Houseliv Realty , noted that Bengaluru's residential market has experienced "a modest moderation in transaction momentum" in the July-September 2024 quarter, describing it as a "natural adjustment following a period of rapid growth."

Looking ahead,  market is poised for continued demand growth, driven by "resilient end-user and investor appetite," particularly during the upcoming festive season, when heightened homebuyer interest is expected to manifest in increased registrations.

The analysis showed that the majority (86%) of property transactions in Bengaluru were concentrated in the sub-₹1 crore price range. Apartments sized 1,000-1,500 square feet accounted for the largest share of registrations at 47%, reflecting a continued preference for larger living spaces, likely influenced by the adoption of hybrid work models in the IT/ITes sectors.

North Bengaluru remained the most active micro-market, accounting for 40% of total registrations, driven by increased demand, particularly for plots, due to the area's proximity to Kempegowda International Airport. South Bengaluru followed closely with a 25% share, led by strong performance in Jayanagar and Electronic City.

In terms of market leadership, Embassy Group recorded the highest home sales value at ₹295 crore, driven by strong performance of its projects Embassy Springs and Embassy Lake Terraces. Prestige Group also made a notable contribution, with Prestige Golfshire leading its project portfolio. Artha Property and Tata Realty led in terms of transaction volume, with Artha Emprasa Startup City and Tata Realty's New Haven recording the highest number of registrations.

Team Houseliv Realty

Banashankari Bangalore Popularity And Real Estate

Banashankari, popularly known as BSK, is a predominantly residential locality in southern Bangalore. It is also the largest locality in Bangalore, spreading over more than 13 square kilometres of land. The locality comes from one of the oldest and most magnificent temples in southern Bangalore, Banashankari Amma Temple. The locality is divided into six stages for better administration and maintenance of public services. It also has an extensive public transport network, relying primarily on buses for smooth and hassle-free movement across the locality and connecting it with other parts of the city. Residents of this area enjoy proximity to various recreational areas, high-end stores and restaurants, hospitals, schools, and parks. The extensive and well-maintained services allow the inhabitant to enjoy a fulfilling lifestyle.

Top gated communities in Banashankari, Bangalore

                                                                   Brigade Omega

1. Brigade Omega

Brigade Omega is a well-planned and meticulously developed complex area that offers its residents a wealthy and rewarding lifestyle. The large and well-maintained flats maximize the useable space in each flat. The property also has all of the required facilities. It has 24-hour security, backup electricity, running water, a children’s play area, visitor parking, rainwater harvesting, garbage disposal, and so on.

 

Highlights and amenities of Brigade Omega

Types of apartments: 2 BHK and 3 BHK apartments

Area per apartment: 1160 sq. ft. to 1800 sq. ft.

Number of apartments: 520 apartments

 

Address: Thurahalli Village Uttarahalli, Sy. No.23/1, 80 Feet Rd, Banashankari 6th Stage 1st Block, Subramanyapura, Bengaluru, Karnataka 560062.

 

2. Brigade 7 Gardens

Brigade Omega, located in the centre of the Banashankari neighbourhood, aims to deliver a premium living experience. The apartments are ready for occupancy, and the facilities are available at all times. The tower has an elevator, 24-hour security, water supply, maintenance personnel, and a dedicated parking lot.

 

Highlights and amenities of Brigade 7 Gardens

Types of apartments: 2 BHK and 3 BHK apartments

Area per apartment: 1190 sq. ft. to 1450 sq. ft.

Number of apartments: 448 apartments

 

Address: Sy 37/1, Paduka Mandira Rd, Bharat Housing Society Subramanyapura, Uttarahalli Hobli, Bengaluru, Karnataka 560061.

 

3. Tata Promont

Tata Promont is a 14-acre high-rise residential apartment project in Banashankari. Many facilities are available in the complex, including 24-hour hour water, power backup, visitor parking, a children’s playground, servant quarters, and adjoining balconies. The location is adjacent to several bus stations, making it easy for inhabitants to go about the city.

 

Highlights and amenities of Tata Promont

Types of apartments: 3 BHK, 4 BHK, and 5 BHK apartments

Area per apartment: 1782 sq ft to 4494 sq ft

Number of apartments: 312 apartments.

 

Address: 168, 3rd Main Rd, Ittamadu, Banashankari 3rd Stage, Hosakerehalli, Bengaluru, Karnataka 560085.

 4. Sobha Clovelly

The Sobha Clovelly is a popular gated community in Banashankari. The building is well-kept and has all the facilities its occupants require. There is also 24-hour running water, power backup, security, a garden, and an elevator. The property is near several parks and hospitals. 

Highlights and amenities of Sobha Clovelly

Types of apartments: 3 BHK, 4 BHK, and 5 BHK apartments

Area per apartment: 1564 sq. ft. to 4689 sq. ft.

Number of apartments: 137 apartments

 

Address: No.1, Subramanya Pura Rd, Gowdanapalya, Uttarahalli Hobli, Bengaluru, Karnataka 560061.

 

5. ACS Meghna and Shalini Towers

ACS Meghna and Shalini Towers are in a beautiful part of the Banashankari neighbourhood. The apartment complex is two acres in size, well-kept, and equipped with all required services. The area is close to several colleges and universities. It is also a short walk to the nearest hospital and bus station.

 

Highlights and amenities of ACS Meghna and Shalini Towers

Types of apartments: 2 BHK and 3 BHK apartments

Area per apartment: 1357 sq. ft. to 1600 sq. ft.

Number of apartments: 180 apartments

 

Address: ACS MEGHANA AND SHALINI, Dr Puneeth Rajkumar Rd, Kadarenahalli Park, Kadarenahalli, Banashankari, Bengaluru, Karnataka 560070.

 

Things to do in Banashankari, Bangalore

                                                  Banashankari Temple Bangalore

1.      Visit two of the most mesmerizing temples

The Banashankari locality hosts the two most famous and beautiful temples in southern Bangalore. Modelled after Dravidian style architecture, the Dodda Ganapathi Temple and Banashankari Amma Temple attract millions of devotees every year. A must-visit place to connect with history and enjoy these two temples’ fantastic architectural marvels.

 

2. Connect with nature in various parks in Banashankari

Banashankari can be considered a green locality thanks to its various parks and green spaces. From sprawling areas to smaller neighbourhood parks, it offers a great respite from the hustle and bustle of city life. Some of the most popular and largest parks in Banashankari are “Mysuru Mallige” KS Narasimhaswamy Park, “Turahalli Forest,” and “BDA Sculpture Park.” Visitors to these parks can enjoy the lush greenery and colourful blooms and partake in recreational activities such as jogging, biking, and playing various outdoor sports.

 

3. Visit museums and cultural centres

The Suchitra Cinema & Cultural Academy and the Indian Music Experience Museum are two of Banashankari’s most popular cultural destinations. These venues provide a variety of entertainment and educational experiences for visitors, including performances, films, workshops, art exhibitions, lectures, and more.

 

4. Great shopping experience at Srinivasa Nagar Shopping Complex

The Srinivasa Nagar Shopping Complex is a commercial complex comprising several stores offering everyday necessities, apparel, footwear, electrical products, culinary items, and other commodities. The structure is fairly large and holds restrooms and other amenities for clients. Visitors to the complex can enjoy a leisurely shopping experience and a wide range of entertainment and educational activities.

 

5. Experience great dining

Banashankari has numerous restaurants offering cuisine from all around the world. Some of these restaurants even stay open until late at night, enriching the nightlife of Banashankari. Banashankari’s more popular restaurants are Chikpet Donne Biriyani House, The Great Indian Bhukkad, Anna Kuteera, JCubez, Taaza Thindi, and Vinny’s. Whether you are looking for an early-morning snack, lunch, dinner, or even late-night snacks, Banashankari is the perfect place to find a great meal.

 

Places to visit in Banashankari, Bangalore

1. Teriflix

Teriflix is a delightful spot for cinephiles. The hosts are exceedingly appreciative and welcoming. A fantastic spot to spend your holidays with family and friends while watching a movie and munching. It has a great selection of films from all genres, so no matter what your interests are, you will indeed find something to enjoy, and even if you don’t, you can bring your collection and watch.

 

Address: #177, 5th Cross, 50 Feet Road, Opp. Avalahalli BDA Park, Banashankari 3rd Stage, Girinagar, Bengaluru, Karnataka 560062

 

2. Sri Lakshmi Venkateshwara Coffee Bar

Sri Lakshmi Venkateshwara Coffee Bar is one of the most popular Indian restaurants in Bangalore. The place is famous for offering mouthwatering dishes. The quality of the food is always of the highest standard. The place is so popular that you might have to wait a while to get a seat inside the restaurant. Additionally, the restaurant provides excellent service and friendly staff that ensure all customers have a pleasant experience.

 

Address: Kathriguppe Main Road. 21, Kathriguppe Main Road 4th Block, 3rd Phase, Banashankari 3rd Stage, Bengaluru, Karnataka 560085.

 

3. Late Night Open LSD Cafe

LSD Cafe is one of Banashankari’s greatest late-night eateries. There is no seating; however, home delivery is provided until 2 a.m. Whether you want a wonderful cold smoothie on a hot summer afternoon or some fried appetizers on a wet evening, the cloud restaurant will fill your request quickly.

 

Address: 2, 1st Main Rd., Mookambika Nagar, Dwaraka Nagar, Banashankari, Bengaluru, Karnataka 560085

                                              Banashankari BDA Complex 

4. Banashankari BDA Complex

It is an ancient street retail location with a wide selection of things. They have food kiosks, repair businesses, and services for almost every everyday need. They are packed at night because of the famed chaats. They even have hairdressers, accessories, shoe stores, and a bookshop. The place has ample parking for both cars and motorcycles.

 

Address: 249, 4th Main Rd., Shastri Nagar, Thyagaraja Nagar, Basavanagudi, Bengaluru, Karnataka 560028

 

5. Stoned Monkey

Stoned Monkey is one of Banashankari’s most popular desserts and ice cream joints. Some popular items are stoned ice creams, Kiwi Mojitos, chocolate lava cakes, cheesy garlic bread, thick shakes, and sundaes. They also serve many other desserts, like tiramisu, chocolate fantasia, brownies, and waffles—a must-visit place for all Banashankari’s ice cream and dessert lovers.

 

Address: 419, 9th Main, 24th Cross, Banashankari 2nd Stage, Bengaluru, Karnataka 560070

 

FAQs about Banashankari, Bangalore

What is the distance from Banashankari to the airport?

Banashankari is around 40 km from Kempegowda International Airport. It takes approximately 1 hour and 20 minutes to reach the airport in a private vehicle.

 

What are the best hospitals in Banashankari?

Banashankari has no shortage of top-class hospitals. Some of the best ones are Motherhood Hospital, Re-Life Hospital, and Devagiri Hospital.

 

What are the best schools in Banashankari?

Some of the best schools in Banashankari are Deccan International School, Sri Aurobindo Memorial School, and Martin Luthar School.

 

What are the best gyms in Banashankari?

The top three gyms in Banashankari are Body Morph Gym, Solo Fit Gym, and Fitness Solutions.

 

Which are the parks in Banashankari?

The best parks in Banashankari are Banashankari Bridavana Park, “Mysuru Mallige” KS Narasimhaswamy Park, and BDA Sculpture Park.

 

What is the best place in Banashankari to hang out on weekends?

The Banashankari BDA Complex is the best place to hang out with friends and family on weekends.

 

Bengaluru Real Estate Trends Houseliv

Bengaluru Real Estate Trends

Bengaluru has become one of the top property markets in the APAC region to watch out for, according to Knight Frank’s “Asia-Pacific Outlook 2023.” The residential market in Bengaluru, which is projected to grow by 5% annually, is the second-best market out of the 24 markets the report is tracking, according to the report. This is fantastic news for anyone looking to invest in the Bengaluru real estate market, both buyers and sellers. In this blog, we’ll delve further into market analysis and trends, look at the variables influencing Bengaluru’s real estate market, and offer investment tips for both buyers and sellers in 2024. 

We’ll also examine in more detail the neighbourhoods of Binnypet, Devanahalli, and Doddaballapur, which are anticipated to have a big impact on the city’s growth story, and why making an investment there might be a wise choice. Consequently, if you’re curious about the Bengaluru real estate market, keep reading to find out more!
Bengaluru Real Estate Trends

Bengaluru  has become one of the top property markets in the APAC region to watch out for, according to Knight Frank’s “Asia-Pacific Outlook 2023.” The residential market in Bengaluru, which is projected to grow by 5% annually, is the second-best market out of the 24 markets the report is tracking, according to the report. This is fantastic news for anyone looking to invest in the Bengaluru real estate market, both buyers and sellers. In this blog, we’ll delve further into market analysis and trends, look at the variables influencing Bengaluru’s real estate market, and offer investment tips for both buyers and sellers in 2024. 

We’ll also examine in more detail the neighbourhoods of Binnypet, Devanahalli, and Doddaballapur, which are anticipated to have a big impact on the city’s growth story, and why making an investment there might be a wise choice. Consequently, if you’re curious about the Bengaluru real estate market, keep reading to find out more!

Market Trends And analysis : An Overview of the Bengaluru Real Estate Market in 2024

The real estate market in Bengaluru is expanding quickly, and a number of neighbourhoods have become popular investment locations for both buyers and investors. According to Knight Frank’s “Asia-Pacific Outlook 2023,” residential prices in the city are predicted to increase by 5% annually, making now an ideal time for investors and homebuyers to look into Bengaluru’s real estate market.

Binnypet is one such location that has drawn interest from both buyers and developers. With strong connectivity to the rest of the city, this small market enjoys a strategic location. A desirable investment location for buyers seeking a well-connected area with a thriving social and cultural scene, the area is surrounded by several commercial hubs including Chickpet, Chamrajpet, and Okalipuram. 

Additionally, Binnypet is anticipated to see a significant increase in property prices due to the growing demand for residential real estate, making it an excellent investment opportunity for buyers seeking to realise a sizable return on investment over the long term.

In addition to Binnypet, Devanahalli and Doddaballapura have also become popular areas for real estate investments in Bengaluru. Industry experts claim that the demand for plotted developments has increased in these areas, and several launches for such developments have recently occurred. Due to its excellent accessibility to Whitefield, which is located an hour’s drive away and major business districts in North Bengaluru like Hebbal, Devanahalli is becoming increasingly popular. 

Additionally, Doddaballapura will be connected to important areas of the city, such as Tumkur Road, Hyderabad Road, and Kolar Road, by the proposed Satellite Town Ring Road (STRR). Doddaballapura will become an appealing investment opportunity for buyers looking to invest in the Bengaluru real estate market as a result of this infrastructure development, which is anticipated to result in a significant increase in property prices in the neighbourhood.

There are many investments for buyers and investors looking to generate a sizable return on investment over the long term in the Bengaluru real estate market, which is currently experiencing significant growth. Buyers can investigate these areas and select the one that best suits their investment objectives and preferences with areas like Binnypet, Devanahalli, and Doddaballapura emerging as important investment destinations. 

ong-term success is likely for developers and investors who can adjust to these changes and overcome the obstacles.

Bengaluru Real Estate Market Forecast 2024

Bengaluru has become one of the top property markets in the APAC region to watch out for, according to Knight Frank’s “Asia-Pacific Outlook 2023.” The residential market in Bengaluru, which is projected to grow by 5% annually, is the second-best market out of the 24 markets the report is tracking, according to the report. This is fantastic news for anyone looking to invest in the Bengaluru real estate market, both buyers and sellers. In this blog, we’ll delve further into market analysis and trends, look at the variables influencing Bengaluru’s real estate market, and offer investment tips for both buyers and sellers in 2024. 

We’ll also examine in more detail the neighbourhoods of Binnypet, Devanahalli, and Doddaballapur, which are anticipated to have a big impact on the city’s growth story, and why making an investment there might be a wise choice. Consequently, if you’re curious about the Bengaluru real estate market, keep reading to find out more!

Market Trends and Analysis: An Overview of the Bengaluru Real Estate Market in 2024

The real estate market in Bengaluru is expanding quickly, and a number of neighbourhoods have become popular investment locations for both buyers and investors. According to Knight Frank’s “Asia-Pacific Outlook 2023,” residential prices in the city are predicted to increase by 5% annually, making now an ideal time for investors and homebuyers to look into Bengaluru’s real estate market.

Binnypet is one such location that has drawn interest from both buyers and developers. With strong connectivity to the rest of the city, this small market enjoys a strategic location. A desirable investment location for buyers seeking a well-connected area with a thriving social and cultural scene, the area is surrounded by several commercial hubs including Chickpet, Chamrajpet, and Okalipuram. 

Additionally, Binnypet is anticipated to see a significant increase in property prices due to the growing demand for residential real estate, making it an excellent investment opportunity for buyers seeking to realise a sizable return on investment over the long term.

In addition to Binnypet, Devanahalli and Doddaballapura have also become popular areas for real estate investments in Bengaluru. Industry experts claim that the demand for plotted developments has increased in these areas, and several launches for such developments have recently occurred. Due to its excellent accessibility to Whitefield, which is located an hour’s drive away and major business districts in North Bengaluru like Hebbal, Devanahalli is becoming increasingly popular. 

Additionally, Doddaballapura will be connected to important areas of the city, such as Tumkur Road, Hyderabad Road, and Kolar Road, by the proposed Satellite Town Ring Road (STRR). Doddaballapura will become an appealing investment opportunity for buyers looking to invest in the Bengaluru real estate market as a result of this infrastructure development, which is anticipated to result in a significant increase in property prices in the neighbourhood.

There are many investment opportunities for buyers and investors looking to generate a sizable return on investment over the long term in the Bengaluru real estate market, which is currently experiencing significant growth. Buyers can investigate these areas and select the one that best suits their investment objectives and preferences with areas like Binnypet, Devanahalli, and Doddaballapura emerging as important investment destinations. 

ong-term success is likely for developers and investors who can adjust to these changes and overcome the obstacles.

Investment Strategies for Bengaluru Real Estate in 2024: Tips and Advice for Buyers

Examine market trends and projections to find potential investment opportunities. 

Think about making investments in micro markets that provide buyers with affordable options, like Binnypet, Devanahalli, and Doddaballapura.

Find homes with amenities that support a healthy lifestyle and enough space for a home office to achieve a better work-life balance.

Before making an investment in any property, consider the reputation, performance record, and financial stability of the builder.

Pre-launch or under-construction properties might be worth investing in because they provide a higher return.

Invest in a variety of real estate, such as apartments, villas, or plots, to diversify your portfolio.

To obtain the best possible price, bargain with the builder or the seller.

Before investing in any property, make sure that all legal requirements, such as title verification and documentation, are satisfied.

Get in touch with a professional real estate investment platform like Houseliv to help you navigate the market and make informed investment decisions.

Houseliv is an online platform offering the best properties in cities such as Chennai, Bengaluru, and Hyderabad. Houseliv offers a wide range of products from commercial to co-living spaces. Visit our website for more investment details.

Frequently Asked Questions on Bengaluru Real Estate Market Forecast 2024:

Q1. What will happen to the property market in Bengaluru in 2024?

Bengaluru has become one of the top property markets in the APAC region to watch out for, according to Knight Frank’s “Asia-Pacific Outlook 2023.” The residential market in Bengaluru, which is projected to grow by 5% annually, is the second-best market out of the 24 markets the report is tracking, according to the report. This is fantastic news for anyone looking to invest in the Bengaluru real estate market, both buyers and sellers.

Q2. Will real estate prices go down in Bengaluru?

The price of the property in Bengaluru has reduced by 2% in the last year due to the pandemic. The price of the properties has been reduced to ensure that the properties are made more affordable to the buyers. However, it is expected to rise in the future once the pandemic is settled and everything is back to normal.

Q3. What is the trend in real estate in Bengaluru?

The trends followed by the Bengaluru realty market include various reformations taken by the government, the affordable housing segments, co-living, and senior living spaces, etc. Various changes have been brought in the landscapes of Bengaluru to make it an ideal location for real estate investment.

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Houseliv Realty