Housing Prices On Bengaluru's Thanisandra Road Surge By 67% In 3 Years: Report

In terms of rental growth, Sarjapur Road saw a 76 per cent increase in average monthly rents, climbing from Rs 21,000 to Rs 36,900

Angad Bedi, Chairman and Managing Director of BCD Group, noted that the developments on Thanisandra Main Road and Sarjapur Road reflect the evolving dynamics of Bengaluru's real estate market

Source : PTI

Bengaluru's prominent micro-markets, Thanisandra Main Road and Sarjapur Road, have experienced significant price hikes in the past three years, with growth rates of 67 per cent and 63 per cent, respectively, according to real estate consultant Anarock.

Data from Anarock reveals that average housing prices on Sarjapur Road surged by 63 per cent, reaching Rs 9,850 per square foot by the end of 2024, compared to Rs 6,050 per square foot at the close of 2021. On Thanisandra Main Road, prices saw a 67 per cent increase, rising to Rs 8,900 per square foot from Rs 5,345 per square foot.

In terms of rental growth, Sarjapur Road saw a 76 per cent increase in average monthly rents, climbing from Rs 21,000 to Rs 36,900. Thanisandra Main Road also experienced a substantial rise, with rents growing by 62 per cent, from Rs 20,500 to Rs 33,200.

Bengaluru's Real Estate Market Dynamics

Commenting on these trends, Angad Bedi, Chairman and Managing Director of BCD Group, noted that the developments on Thanisandra Main Road and Sarjapur Road reflect the evolving dynamics of Bengaluru's real estate market.

"Renting provides financial convenience in the short run. Nevertheless, for long-term benefits, property ownership provides greater financial security and future dividends. Thus, savvy buyers consider real estate as an investment that goes beyond immediate convenience," Bedi said.

Property First founder and CEO Bhavesh Kothari said, "It seems to be a bull run for the residential real estate sector where an increasing number of individuals are moving towards home ownership for primary use or rental income considering the robust growth being witnessed in both. The rapid growth in capital and rental values is a factor of the growing importance of micro-markets in top cities as a commercial and residential hub, attracting significant attention from retail investors."

He added that this shift reflects a broader trend in the residential real estate market, where property prices are escalating due to rising land rates, increasing construction costs, and strong demand.