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JLL’s Tour of India’s Top Residential Hotspots- Bengaluru Edition

Thanisandra, Whitefield and Kanakapura Road are Bengaluru’s top three residential hotspots.

May 16, 2019

Home-buying in India is a very complex and emotional decision. Through this report we aim to facilitate the complex decision making process by identifying three residential hotspots in India’s top cities through a multiple-criteria-decision-analysis.

The first edition covers Bengaluru where Thanisandra, Whitefield and Kanakapura Road have emerged as the strongest residential hotspots. All three localities, are likely to witness robust residential demand in the near future. Some of the common drivers that make these locations prime include: 

Let’s take a look at the number of residential units launched and sold in these micro-markets in the last five years. 

Buoyant launches and sales in 2018 direct towards a strong growth story across Thanisandra, Whitefield and Kanakapura Road.

Source: JLL Research

Units launched in Bengaluru’s top three residential hotspots in 2018 jumped substantially by 2.5 times over 2017 as developers saw a strong potential for growth in these markets. These hotspots are likely to benefit from higher job creation in the key IT hub as well as improving connectivity driven by Namma Metro. This is clearly seen from the 17% rise in units sold in 2018 over previous year. Residents of these regions enjoy well developed social infrastructure that improves quality of life and attracts more home buyers in these hotspots.

 

We're analyzing Bengaluru's top 15 residential micro-markets to arrive at the top 5.
Click on Connectivity, Quality of life or Real estate parameters to view results.

How to read this chart

  • The chart rates every location on seven parameters (listed below)
  • Every circle in the chart is numbered (1 to 7) and represents the concurrent parameter from the below table. For eg: The outermost circle is numbered 1 representing the parameter ‘Access to nearest MRTS station - Metro rail stations / Intra city train stations/ bus stations’
  • Colors represent ratings which are on a scale of poor to excellent. Refer legend.
  • For example: The rating for Thanisandra for parameter 1 as per the colour code in the legend is close to excellent, for parameter 2 it is excellent and for parameter 4 it is average.
  1. Access to nearest MRTS station - Metro rail stations / Intra city train stations/bus stations
  2. Distance from nearest established business hubs or work places
  3. Travel time in peak hours
  4. Distance from nearest intercity railway station
  5. Distance from International airport
  6. Proximity to proposed infrastructure projects
  7. Access Road

How to read this chart

  • The chart rates every location on eleven parameters (listed below) 
  • Every circle in the chart is numbered (1 to 11) and represents the concurrent parameter from the below table. For eg: The outermost circle is numbered 1 representing the parameter access to schools 
  • Colors represent ratings which are on a scale of poor to excellent. Refer legend. 
  • For example: The rating for Thanisandra for parameter 1 as per the colour code in the legend is average, for parameter 2 it is good and for parameter 9 it is excellent. 
  1. Access to Schools
  2. Access to Primary health care
  3. Access to Multispecialty Hospitals
  4. Access to daily shopping needs
  5. Security/ Law and order
  6. Water supply
  7. Power
  8. Access to Malls and Multiplexes
  9. Access to Restaurants and food courts
  10. Access to Youth friendly facilities
  11. Access to recreational facilities - city parks, zoo, theatre etc.

How to read this chart

  • The chart rates every location on four parameters (listed below)
  • Every circle in the chart is numbered (1 to 4) and represents the concurrent parameter from the below table. For eg: The outermost circle is numbered 1 representing the parameter Average Y-o-Y price appreciation in last three years
  • Colors represent ratings which are on a scale of poor to excellent. Refer legend.
  • For example: The rating for Thanisandra for parameter 1 as per the colour code in the legend is excellent, for parameter 2 it is good and for parameter 4 it is average.
  1. Average Y-o-Y price appreciation in last three years
  2. Market attractiveness - Cumulative of three years of sales in new launches against cumulative new launches
  3. Presence of good developments or developers
  4. % Sales penetration in last three years

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