With a strong ecosystem of 2,617 tech companies and more than 7,000 startups, Bangalore is one of the most desired cities in India. With the large pool of funding options and favourable policy environment, the city has got its nickname – Silicon Valley of India. Its diverse demographic and quick IT upsurge undoubtedly attract talents all over the country. In 2024, Bangalore has been recognised as the most livable city in India, with a score of 66.70 on the Ease of Living Index. Needless to say, endless opportunities have made it a haven for working professionals and sparked a rise in upscale residential areas. The real estate market is booming, and you must know about the posh areas in Bangalore. Let’s take a look at the top localities where you can find the blend of modern amenities and old charm.
List of Posh Localities in Bangalore to Consider
With the IT development on the rise in Electronic City, Thanisandra, and Devanahalli, the real estate market is changing. Property prices are likely to rise in 2024, but it is still a good time to invest. Experts have noticed positive real estate market trends coupled with property appreciation, and these two factors offer several housing options. Whether you have just started looking for your next home or you are considering, here’s a list of 7 posh areas in Bangalore.
| Posh Areas in Bangalore | Rent for 1 BHK | Rent for 2 BHK |
| Koramangala | Rs. 20,000- 35,000 | Rs. 35,000- 60,000 |
| Indiranagar | Rs. 20,000- 35,000 | Rs. 35,000- 60,000 |
| Sarjapur Road | Rs. 13,500- 30,000 | Rs. 28,000- 55,000 |
| Devanahalli | Rs. 13,500- 28,000 | Rs. 19,000- 32,000 |
| Rajajinagar | Rs. 13,500- 28,000 | Rs. 19,000- 32,000 |
1. Indiranagar
Properties for Sale: INR 13,200- INR 22,400/ sqft
Rent: INR 28- INR 47/ sqft
One of the posh areas in Bangalore, Indiranagar is an established residential locality. With seamless connectivity to Koramangala, Ulsoor, CV Raman Nagar, and Jeevanbheemanagar, the neighbourhood has become a trendy place among young professionals. The area is not only connected via Vivekananda Road but also features the Indiranagar Metro Station on the Purple Line of Namma Bengaluru.
Indiranagar is a popular commercial destination with several IT parks such as Bagmane IT Park, RMZ Infinity, and RMZ Millenia. The monthly rent for a premium 1BHK is INR 23,000, and the rental yield is 3.4% on average. While 71.01% of properties for rent are flats, the rental price can vary between INR 15,000 and INR 2.8 lacs. If you are looking for a spacious and comfortable living space, consider finding a place in Gopalan Admiralty Manor, Gopalan Admiralty Square, and Aratt The Aeris Residences.
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2. Rajajinagar
Properties for Sale: INR 11,300- INR 20,800/ sqft
Rent: INR 23- INR 41/ sqft
Widely known as one of the largest suburbs and posh localities in Bangalore, Rajajinagar is a well-planned locality. The area shares close proximity to Mahalaksmipuram, Basaveshwaranagar, Mahalakshmipuram, and Malleshwaram. You can find a blend of residential and commercial properties, and the area is divided into two stages which are divided into blocks. Being one of the top 5 posh areas in Bangalore, Rajajinagar has good connectivity to the rest of the city via BMTC bus and Namma Metro.
Yeshwantpur Railway Station is also located in the vicinity, enhancing accessibility for seamless travel. Orion Mall, Mantri Square, GT World Mall, and other malls in this location add an extra layer of convenience to everyone’s life. Rajajinagar IT Park and Manyata Tech Park are located in the area, attracting many working professionals. The monthly rent for a premium 1 BHK in Rajajinagar can vary; however, the average rent ranges between Rs. 7,000 and Rs. 30,000.
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3. Bellandur
Properties for Sale: Rs. 9,700- Rs. 16,000/ sqft
Rent: Rs. 25- 40/ sqft
Located in the South-East corridor of Bengaluru, Bellandur is one of the key residential areas with many upcoming projects underway. The location is the main transit point as it is well-connected by Harlur, HSR Layout, HAL Military Airport, Koramangala, and HSR Layout. The area has become one of the posh localities in Bangalore, owing to its proximity to the IT parks in Whitefield, ORR, and Electronic City. In addition, Hoody Industrial Area, Cessna Business Park, and Pritecg Technology Park 3 are well-connected to Bellandur.
It is quite interesting to note that 12% of properties for sale are above Rs. 5Cr, and 8% of properties for sale are in between Rs. 80Lac and Rs. 1Cr. You might find rentals at as low as Rs. 15,000 for a 1 BHK in Bellandur yet there has been a decrease in the average price trend for multistorey apartments from July 2024 quarter.
Also Read: 6 Best Tech Parks In Bangalore In 2024: Address, Size, Companies
4. Whitefield
Properties for Sale: Rs. 5,400- Rs. 9,600/ sqft
Rent: Rs. 18- 31/ sqft
Whitefield, one of the posh localities in Bangalore, came into existence with the settlement of the Anglo-Indians and Eurasians in 1882. Until the IT boom of the late 1990s, the area remained a small settlement. With the proximity to popular malls like Forum Mall, Park Square Mall, Inorbit City and many IT parks, Whitefield is one of the most sought-after areas in Bangalore. 17% of properties for rent in Whitefield range above Rs. 1L, and 8% of properties for rent range between Rs. 45,000- Rs. 50,000.
The area is well-connected to the Whitefield Main Road, Old Airport Road, and SH-35. Recently, the Purple Line of Namma Metro established a connection to the rest of the city. Many prominent hospitals such as Columbia Asia Hospital, Sri Sathya Sai Super Speciality Hospital, and Narayan Multispeciality Hospital are situated in the neighbourhood. Most importantly, Whitefield has risen to prominence among working professionals with the presence of Sigma Tech Park, ITPL, and GR Tech Park.
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5. Koramangala
Properties for Sale: Rs. 2.36Cr- Rs. 2.61Cr
Rent: Rs. 26- 43/ sqft
Situated in the South-East Corridor and surrounded by Ejipura, Jayanagar, Adugodi, BTM Layout, and HSR Layout, Koramangala is one of the preferred residential and posh areas in Bangalore. Popular for the coworking spaces and excellent social infrastructure, the area features a mix of luxury residential houses, low-rise multistorey apartments, and independent houses. Some of the popular residential projects are Prestige Pinewood, Sterling Infinia, Raheja Residency, and Prestige Acropolis.
If you are looking for a place in one of the posh localities in Bangalore, you should know that 3 BHK is the most common configuration. 33% of properties for sale are above Rs. 5Cr, and 5% of properties for sale are in between Rs. 1.21Cr and Rs. 1.4Cr For rent, 2 BHK is the most common room configuration and only 7% of properties for rent fall between the range of Rs. 30,000 and Rs. 35,000.
6. Richmond Town
Properties for Sale: Rs. 14,271- Rs. 20,253/ sqft
Rent: Rs. 20- Rs. 60/ sqft
Located in Central Bangalore, Richmond Town is home to the Karnataka State Hockey Museum. The region has excellent connectivity via Victoria Road, Magrath Road, and Hosur Raod. Plus, the nearest metro station is MG Road on the Purple Line of Namma Metro. Since its proximity to MG Road, Richmond Town boasts several prominent malls like 1 MG Lido Mall, UB City, and Garuda Mall.
50% of properties for sale in Richmond Town are above the range of Rs. 5Cr, and 7% of properties for sale are in the range between Rs. 2Cr and Rs. 2.2Cr. 3BHK is the most common room configuration that people look for in Richmond Town. With the presence of Jain University School of Sciences, Cathedral High School, and Abbas Khan College and St. Philomena’s Hospital, the region boasts well-developed infrastructure. If you are looking for sought-after residential projects, you should consider Ashed Regency Pavillion, Regency House, and Restige Golden Threshold in the area.
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7. Jayanagar
Properties for Sale: Rs. 2.26Cr- Rs. 2.49Cr
Rent: Rs. 19- Rs. 31/ sqft
One of the most affluent localities in Bangalore, Jayanagar is known to be one of the oldest areas boasting upscale neighbourhoods. Its lush greenery, close-knit community, and wide avenues assure a comfortable living experience. Jain Prakriti, Sobha Opal, and Alpine Regency are some of the popular residential projects in Jayanagar.
Connected with the ORR, Kanakapura, and Banashankari, Jayanagar offers seamless accessibility to the major areas. The Green Line of Namma Metro connects the area, and the upcoming Yellow Line will also connect the area to the southern part of Bangalore. Jayanagar further shares accessibility to significant IT parks located on the ORR and Sarjapur Road alongside Electronic City. 20% of properties for rent in Jayanagar are within the range of Rs. 1L, and 7% of properties for rent are in the range between Rs. 60,000 and Rs. 70,000. It is interesting to note that 3 BHK is the most common configuration and takes up 42% of the properties.
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The most posh areas in Bangalore like Richmond Town, Indiranagar, and Koramangala showcase luxury living at its finest. Major developers plan smart home complexes and eco-friendly towers in Richmond Town and Lavelle Road by 2025. The Metro Phase 3 will enhance connectivity, while infrastructure upgrades include wider roads and underground power cables. Moreover, the IT boom attracts high-net-worth individuals, driving the development of world-class facilities. These elite neighbourhoods continue setting new benchmarks for premium living in Karnataka. In case, you are looking for a way to furnish your new place without any hassles, you should head over to RentoMojo and get furniture on rent.
Frequently Asked Questions
1. Which is the richest area in Bangalore?
Richmond Town, Sadashivnagar, Shanthala Nagar, and Jayanagar are some of the richest areas in Bangalore.
2. Where do millionaires live in Bangalore?
Lavelle Road is one of the posh localities in Bangalore, and it boasts an array of expensive projects.
3. Where do CEOs live in Bangalore?
Most CEOs are likely to live in Koramangala, CBD, and Jayanagar.
4. Is living in Bangalore costly?
Yes, living in Bangalore can be expensive, but it’s also considered moderately expensive compared to other major cities in India. For example, a 2BHK apartment in upscale neighbourhoods like Indiranagar and Koramangala can cost Rs. 25,000 to Rs. 40,000 per month
5. Which is the most expensive property in Bangalore?
The most expensive property in Bangalore is a 10,000-square-foot plot in Koramangala 3rd block, also known as “billionaire street”, which was purchased by Ajit Abraham Isaac (the founder and chairman of Quess Corp) for Rs 67.5 crore.
6. Which is the poshest area of Bangalore?
Bangalore boasts several posh areas; here are a few of the locations to keep in mind:
- Sadashivanagar: An upscale neighbourhood in Bangalore where many politicians, industrialists, and actors live.
- Indiranagar: A dynamic neighbourhood with a touch of cosmopolitan lifestyle.
- Frazer Town: A posh area with a colonial-era feel and a mix of luxurious apartments and vintage houses.
- Shanthala Nagar: An upscale locality with an established connection to Lavelle Road, Kasturba Road, and Vittal Mallya Road.
