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.