Top 6 rich localities in Bengaluru 2021
Upcoming Developments in Posh Areas in Bangalore
Information Technology enabled services & Biotechnology (ITIR) park is being set up in Bangalore at an expected cost of Rs 1 lakh crore.
An aerospace Special Economic Zone (SEZ) is being constructed near Devanahalli on 300 acres of land.
An Aerotropolis is being built which will create 4000-5000 jobs. It is a city near an airport which will consist of residential units, hotels, multi storey building, malls and golf course.
The Government of Bangalore is also in talks with major financial institutions to set up a Global Financial District.
Price Trends in Posh Areas of Bangalore
Bangalore being a business and IT hub, the price range is directly proportional to the proximity to IT hubs, availability of social amenties and connectivity. The posh areas of Bangalore such as Bsavangudi, Indira Nagar, Jayanagar, Frazer Town and HSR Layout etc command real estate prices in a higher bracket and are the costliest areas of Bangalore. Here is a comparative analysis of average proeprty prices across posh areas in Bangalore.
Average Property Prices (per Sq ft) in Posh Areas in Bangalore (Source: Magicbricks Price Trends)
Posh Areas in Bangalore
1. Basavanagudi – Posh Areas in Bangalore
Basavanagudi, located in Southern Bengaluru, is one of the best posh areas in Bangalore. The residential cum commercial settlement area is one of the oldest towns in the city. It is a well-developed lush town with elite institutions, busy markets, ample parks with ancient trees, tiny lakes, and a host of distinctive restaurants. The region is home to popular educational institutions, hospitals, amusement centers, parks, restaurants, and more. The National College and Lalbagh metro station on the green line provides excellent connectivity to the residents in the locality. The locality offers the best residential property options with good facilities. Independent homes and luxury apartments dominate this location.
Rates for Properties in Basavanagudi
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
Basavanagudi | Multistorey Apartment | Rs.10,256 | Rs.22 |
Residential House | Rs.12,375 | Rs.19 |
Facilities in Basavanagudi
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Places for Hangout |
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2. Indira Nagar– Posh Areas in Bangalore
Indira Nagar is another posh area in Bengaluru which is known as an established residential and commercial locality. Located in the east of the city, the locality has good connectivity with prime localitions in Bangalore such as Jeevanbheemanagar, CV Raman Nagar, Kodihalli, Koramangala, Domlur, HAL Layout, Murugeshpalya, and Ulsoor. The area is one of the city’s noted posh neighbourhoods, served by integrated social infrastructure, strong connectivity, and accessibility to the city’s prime business areas.
Indiranagar is a cosmopolitan area, home to large branded showrooms, pubs, cafes, restaurants, and educational facilities. Namma Metro has enhanced connectivity and promoted property values of the locality. Horizontal developments, including residential homes, low-rise multi-storey apartments, and villas, are mostly part of the local residential landscape.
Rates for Properties in Indira Nagar
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
Indira Nagar | Multistorey Apartment | Rs.10,805 | Rs.27 |
Residential House | Rs.17,408 | Rs.20 |
Facilities in Indira Nagar
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Places for Hangout |
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3. Jayanagar– Posh Areas in Bangalore
In southern Bengaluru, Jayanagar is an affluent residential region that has both commercial and institutional institutions. It is one of the city’s oldest and most upscale neighborhoods, consisting mostly of independent houses and multi-storey apartments. In terms of physical infrastructure, through the ORR, Bannerghatta Road and Kanakapura Road, Jayanagar is linked to the rest of the city. It shares the proximity of the railway station at Bengaluru City Junction. It also enjoys good metro connectivity via the Jayanagar Metro Station, located on the Namma Metro Green Line.
Rates for Properties in Jayanagar
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
Jayanagar | Multistorey Apartment | Rs.10,973 | Rs.23 |
Residential House | Rs.18,837 | Rs.19 |
Facilities in Jayanagar
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Places to Hangout |
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4. Koramangala – Posh Areas in Bangalore
Koramangala, in South-East Bengaluru, is an affluent residential-cum-commercial neighborhood. The region is located near Hosur Road and is surrounded by the regions of Adugodi, HSR Layout, BTM Layout, Jayanagar and Ejipura. Koramangala is a preferred residential hub because of the presence of excellent social infrastructure, sound physical connectivity and many businesses operating within and near the town. However, it is also known for great coworking spaces with excellent network connectivity. In this posh area of Bangalore, the choices for you are luxury residential homes, apartments on building floors, villas and low-rise multi-storey apartments. In addition, there is a good mix of residential projects completed and under-construction.
Rates for Properties in Koramangala
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
Koramangala | Multistorey Apartment | Rs.11,412 | Rs.28 |
Residential House | Rs.16,997 | Rs.20 |
Facilities in Koramangala
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Places to Hangout |
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Koramangala 3rd Block, the Billionaire Street of Bengaluru
5. Malleshwaram– Posh Areas in Bangalore
Rates for Properties in Malleshwaram
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
Malleshwaram | Multistorey Apartment | Rs.11,561 | Rs.24 |
Residential House | Rs.15,541 | Rs.19 |
Facilities in Malleshwaram
Facilities | Names |
Educational Institutes |
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Hospitals and Medical Care Centers |
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Transportation |
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Shopping Centers |
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6. Rajaji Nagar – Posh Areas in Bangalore
Rates for Properties in Rajaji Nagar
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
Rajaji Nagar | Multistorey Apartment | Rs.14,001 | Rs.38 |
Residential House | Rs.11,619 | Rs.17 |
Facilities in Rajaji Nagar
Facilities | Names |
Educational Institutes |
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Hospitals and Medical Care Centers |
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Transportation |
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Shopping Centers |
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7. Frazer Town -Posh Areas in Bangalore
Rates for Properties in Frazer Town
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
Frazer Town | Multistorey Apartment | Rs.10,001 | Rs.26 |
Facilities in Frazer Town
Facilities | Names |
Educational Institutes |
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Transportation |
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Shopping Centers |
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8. Sadashivanagar-Posh Areas in Bangalore
Rates for Properties in Sadashiva Nagar
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
Sadashivnagar | Multistorey Apartment | Rs.17,991 | Rs.29 |
Facilities in Sadashiva Nagar
Facilities | Names |
Educational Institutes |
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Transportation |
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Shopping Centers |
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9. HSR Layout-Posh Areas in Bangalore
Rates for Properties in HSR Layout
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
HSR Layout | Multistorey Apartment | Rs.6,146 | Rs.21 |
Residential House | Rs.7,788 | Rs.19 |
Facilities in HSR Layout
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Shopping Centers |
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10. Bellundur-Posh Areas in Bangalore
Rates for Properties in Bellandur
Locality | Type of Property | Average Property Price (Per Sq. Mt.) | |
Sale | Rent | ||
Bellundur | Multistorey Apartment | Rs.6,146 | Rs.21 |
Residential House | Rs.7,788 | Rs.19 |
Facilities in Bellandur
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Shopping Centers |
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11. Cooke Town– Posh Areas in Bangalore
One of the opulent and oldest localities in the capital city of Bangalore offers good social and physical infrastructure. Residential area includes apartments, independent houses, and floors. It has great connectivity to Bengaluru East Railway Station and Halasuru Metro Station is just 5 kms away. There are various employment parks as well Infantry Techno Park, Manyata Tech Park, Bagmane Tech Park, and Pearl Tech Solutions are close by. The average price of the property is Rs 60 lakh to Rs 80 lakh.
Rates for Properties in Cooke Town
Locality | Type of Property | Average Property Price (Per Sq.ft.) | |
Sale | Rent | ||
Cooke Town | Multistorey Apartment | Rs.10651 | Rs.26 |
Residential House | Rs.14866 | Rs.19 |
Facilities in Cooke Town
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Shopping Centers |
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12. Benson Town– Posh Areas in Bangalore
This prime locality is situated North of Bangalore and it is also one of the oldest localities of Bangalore. It is in close vicinity to MG Road, Brigade Road, Commercial Street, Palace Mall. Also, the Kempegowda International Airport is just 31 kms away. Renowned Manayta Tech Park and Kirloskar Business Park can be reached within 20 mins. The average price of the property is between Rs 60 lakh-Rs 80 lakh and average rent is between Rs 10,000-Rs 20,000.
Rates for Properties in Benson Town
Locality | Type of Property | Average Property Price (Per Sq.ft.) | |
Sale | Rent | ||
Benson Town | Multistorey Apartment | Rs.9429 | Rs.30 |
Residential House | Rs.10556 | Rs.23 |
Facilities in Benson Town
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Shopping Centers |
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13. Richmond Town– Posh Areas in Bangalore
Richmond Town is located along the busy Hosur road. There are ample markets and world class physical infrastructure for living. This locality has many IT companies and excellent options for entertainment. Richmond Town is famous for Karnataka State Hockey Stadium. Some of the other famous localities near Richmond Town are Langford time, Koramangala, Jayanagar, Victoria Layout and Adugodi. The average price of the property in this area is Rs 1.6 crore to Rs 3 crore.
Rates for Properties in Richmond Town
Locality | Type of Property | Average Property Price (Per Sq.ft.) | |
Sale | Rent | ||
Richmond Town | Multistorey Apartment | Rs.10500 | Rs.57 |
Residential House | Rs.20,253 | Rs.60 |
Facilities in Richmond Town
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Shopping Centers |
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14. Ulsoor– Posh Areas in Bangalore
Ulsoor or Halasuru is one of the best areas to live in Bangalore. This centrally located area houses the famous Ulsoor lake and many temples. Many premium localities like HAL, MG Road, Indiranagar, Cox Town, Victoria Layout, and Sivanchetti Garden are nearby. The average price of the property is Rs 75 lakh for a 3 BHK and for rent you will have to pay Rs 5000 to Rs 10,000.
Rates for Properties in Ulsoor
Locality | Type of Property | Average Property Price (Per Sq.ft.) | |
Sale | Rent | ||
Cooke Town | Multistorey Apartment | Rs.11574 | Rs.18 |
Residential House | Rs.11400 | Rs.20 |
Facilities in Ulsoor
Facilities | Names |
Educational Institutes |
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Hospitals |
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Transportation |
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Shopping Centers |
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Things You Must Know Before Moving to Bangalore
Find below a few things you must know if relocating or moving to Bangalore.
- Bangalore is known for its pleasant climate as it is located about 1,000 meters above the sea level.
- Bangalore offers unlimited career opportunities as it is the headquarter for most of the famous brands.
- The city comes with beautiful parks, gardens, architectural landmarks, lakes, and more around most of the localities.
- Bangalore has an excellent transport system. The most used types of transports include cabs, metro, taxis, BMTC buses and auto-rickshaws.
- Bangalore has easy-to-find food chains and restaurants serving the popular and best-loved cuisines.
- Bangalore is a paradise for shopaholics as it comes with a wide range of budget-friendly shopping places including various shopping malls, amusement centers, roadside markets, etc.
- The city is full of parks and gardens that you can visit at the weekends with your family or friends.
- The city doesn’t sleep even at night. It has a lot of popular clubs and pubs serving a variety of drinks for the visitors.
- Bangalore is famous for its security level and sound public events. It is one of the safest cities where you can relocate.
- Last but not least. The accommodation in Bangalore is convenient to find. Including various other locations, even the posh areas in Bangalore are also full of budget-friendly apartments and residential properties.
Ultra Luxurious Houses in Posh Areas in Bangalore
Bangalore holds the title of metro city and is famous for its MNCs, starts up, weather and long hours of traffic (yes, traffic is one word which comes to your mind when a person talks about Bangalore. Also, Bangalore houses some ultra luxurious houses in posh areas in Bangalore. Let us have a look at a few of the luxurious properties of Bangalore:-
Nikhil Kamath’s House: Nikhil Kamath is a billionaire of India, the founder of the trading App- Zerodha and Truebeacon. He owns a property in Kingfisher Towers, near one of the posh areas in Bangalore, Indira Nagar. Every corner of Mr Kamath’s house has a vibe of its own. The apartment is spread across 7000 sq. ft with bold and neutral colours.
Golden Star Ganesh House: This famous Kannada actor owns a duplex with Rs 20 crore in Bangalore. Golden Star Ganesh house is situated in Dollars Colony, Bangalore. According to the reports, the house was gifted by his wife, Shwetha.
Lavish House of Yash: KGF actor Naveen Kumar Gowda, known as Yash, owns a luxurious apartment in Prestige Golf Apartment. The apartments are located in one of the posh areas in Bangalore-Devanahalli. A meandering interior staircase, cosy living room, and elegant living room make the house swanky yet lavish.
Yash enjoy Ganesh Chaturthi at his apartment situated in posh areas in Bangalore
Top Builders and Developers Posh Areas in Bangalore
Bangalore is famously known as the Silicon Valley of India, leading to which many investors are looking for investment opportunities in posh areas in Bangalore. If you are looking to buy a property in one of the above localities then you can consider the following developers or builders:-
Name of the Builder | Founded in | Present in which cities |
Prestige Group | 1986 | Chennai, Hyderabad, Mysore, Kochi, Goa, and Mangalore |
Salarpuria Sattva Group | 1986 | Bangalore, Hyderabad, Pune |
Sobha Limited | 1995 | Bangalore, Delhi NCR, Mysore, Chennai, Coimbatore, Kohzikode |
Godrej Properties | 1990 | Delhi, Bangalore, Mumbai, Pune |
Shriram Properties | 1995 | Bangalore |
Kolte Patil Developers | 1991 | Bangalore, Mumbai and Pune |
Brigade Group | 1986 | Bengaluru, Hyderabad, Mysore, Mangalore, Chennai, Kochi |
Casagrand Builder Private Limited | 2004 | Chennai, Bengaluru, Coimbatore |
L&T Realty | 2007 | Bangalore, Chennai, Delhi NCR |
Mahindra Lifespaces Developers | 1994 | Bangalore, Mumbai, Pune, Nagpur, Ahmedabad, Delhi NCR, Jaipur, Hyderabad, and Chennai. |
The Bottom Line on Posh Areas in Bangalore
Which is the best posh area in Bangalore?
Bangalore has several posh localities, including Koramangala, Rajaji Nagar, HSR Layout, Indira Nagar, Frazer Town, Malleshwaram.
Is HSR Layout a posh area in Bangalore ?
Yes, HSR Layout is one of the posh areas in Bangalore; hence the properties in this locality are always in demand.
Where do celebrities live in Bangalore ?
Sadashivanagar is one of the most affluent and posh areas in Bangalore which is known for hosting several celebrity homes.
Where is Billionaire Street in Bangalore?
The third block located in Koramangala, one of the posh areas in Bangalore is famous as Billionaire Street.
Which area is good in Bangalore?
Some of the popular posh areas in Bangalore are – Basavanagudi, HSR Layout, Indira Nagar, Koramangala, Bellundur, Jayanagar, Frazer Town, Malleshwaram, and Sadashivanagar.