The most expensive residential locations in Bengaluru are mainly in the northern part of the city. According to Economic timesthe average house prices Bengaluru have increased by 19 percent in the first quarter of 2024. With 27 billionaires, Bengaluru ranks third in terms of total billionaire population in the country, after Mumbai (92) and Delhi (57), according to the 2024 Hurun India Rich List. Notable Indian billionaires such as Ajit Abraham Isaac, the chairman and founder of Quess Corp, Kris Gopalakrishnan, co-founder of Infosysand many others, have invested in properties in various parts of the city. Below we will take a look at some of the most expensive residential locations in the IT capital of India.
The 7 most expensive residential locations in Bengaluru, the IT capital of India, home to 27 billionaires
1. Indiranagar
Indiranagar is located in the eastern part of Bengaluru and is known as a luxurious residential and commercial place. It is home to some of the country’s wealthiest, luxury-owning individuals bungalows and expensive apartments. The cosmopolitan atmosphere and proximity to popular cafes, boutiques, shopping malls and restaurants, along with excellent connectivity to other key areas, make Indiranagar quite popular among the city’s elite.
2. Koramangala
Located in the southeastern part of Bengaluru, Koramangala is another affluent residential area. Real estate prices in this area are high due to its proximity to IT parks, educational institutions and co-working spaces. Of luxury apartments to lavish bungalows, Koramangala offers a wide range of living options, catering to the needs of successful entrepreneurs, politicians and affluent individuals.
3. Sadashivnagar
Here is another affluent residential area in Bengaluru where real estate prices are high. The excellent connectivity to various IT hubs and Kempegowda International Airport has made Sadashivnagar a popular choice for wealthy individuals. The district is surrounded by greenery and offers a variety of real estate options, including spacious villas, duplexes and high-rise apartments. Moreover, the presence of shopping malls, eateries, parks and other gathering places makes it an ideal destination for affluent individuals.
4. Shanthala Nagar
Shanthala Nagar has become an excellent investment choice for businessmen, politicians, actors and other affluent individuals, thanks to the availability of high-quality residential projects. Lavelle Road particularly stands out as one of the most popular and vibrant areas in this locality. The seamless connectivity to established schools, collegesand best medical facilities make Shanthala Nagar a desirable option for new home buyers.
5. Whitefield
Whitefield, an upmarket neighborhood in Bengaluru, was once known for its farmlands. However, it underwent a major transformation in the late 1990s when the IT sector witnessed a boom in the country. The presence of top educational institutions, shopping centers, parks, restaurantsand IT companies have driven up housing prices in this region.
6. Richmond City
Richmond Town features world-class infrastructure and historic architecture, in addition to a variety of premium residential towers. Its excellent connectivity to various parts of the city makes it an ideal choice for home buyers. Moreover, the proximity to the central business district allows working people to save travel time.
7. Rajajinagar
Located in the northwestern part of Bengaluru, Rajajinagar is a perfect blend of residential and commercial spaces. Named after C. Rajagopalachari, it is one of the largest suburbs of Bengaluru and a vital part of Bruhat Bengaluru Mahanagara Palike (BBMP). Over the years, the place has undergone significant development, which has ultimately led to an increase in housing prices.
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