Bangalore Market - Oct 2018 - Anarock

BENGALURU
The city of opportunities that promotes Walk-to-Work

October 2018
in association with
02 Bengaluru: The city of opportunities that promotes walk-to-work Bengaluru: The city of opportunities that promotes walk-to-work 03
Foreword
ANUJ PURI
Chairman
ANAROCK Property Consultants
India witnessed rapid urbanization over the last while the western zone has industrial clusters
decade, estimated to be nearly 33.54% in 2017 like Peenya industrial estate and is gradually
as per stats. Ample job opportunities, primarily developing due to rapid growth of
in metros, has today created immense pressure infrastructure facilities. Post the
on cities, impacting its quality of life and commencement of international airport at
infrastructure development and also given rise Devanahalli, the northern region has been
to issues such as traffic snarls, pollution, lack of buzzing with real estate activity including the
water supply, etc. To reduce this pressure on development of IT parks, aerospace park, etc.
metros, there is a dire need for decentralisation Today, the region has developed into a major
of economic activities, distribution of real estate destination in the city.
employment opportunities and development of
self-sustaining cities. And, one such city that is Thus, salubrious climate, favourable
witnessing rapid urbanization in South India is government policies and relatively affordable
Bengaluru, the capital of Karnataka, primarily property rates have attracted several global
known for its IT-ITeS hubs. Today, the city is IT/ITeS firms to set up their base in the city
considered as one of the fastest growing cities over the last two decades, followed by a spurt
in the world by Forbes. in residential demand by the IT-ITeS
professionals to Bengaluru. Driven largely by
Bengaluru, popularly known as the 'Garden
the end-users, the real estate market in the city
City' and even 'Pensioner's Paradise', has
has been very resilient even during the
gradually evolved to be known as the 'Silicon
slowdown period witnessed across the country.
Valley of India' due to the establishment of
Property prices have always been under check
several IT-ITeS companies. Besides the IT-ITeS
establishments, the city also has defence
and the city saw emergence of significant real
organisations, public sector industries, estate trends including the walk-to-work
telecommunication, aerospace, biotechnology concept. Infrastructure woes led to massive
companies, etc. There are also many renowned traffic snarls, which is the key reason why
educational, healthcare and research institutes. builders are promoting walk-to-work concept.
Moreover, availability of large chunks of land
To address the ongoing traffic issues and within city limits has led to development of
thereby improve connectivity, elevated mixed-use townships including commercial,
expressways, ring roads and metro rail are residential, retail, etc. Thus, the 'walk-to-work'
being either developed or planned in the city. concept has gained prominence in the city with
Physical infrastructure development along with professionals opting to live-work-play in these
business-friendly policies announced by the zones itself.
state government has further fuelled the
growth of the IT-ITeS sector in the city.
Divided into five zones namely central, east,

south, west and north, Bengaluru's major IT-
ITeS hubs are largely concentrated in the
eastern and southern part. The city centre
majorly comprises of administrative setups,
public sector industries, corporate offices, etc.
Contents
Introduction 6-7
Evolution & Brief History 8-9
Infrastructure Development - Transport 10-11
Connectivity 12-15
City Level Residential Overview 16-17
City Zoning 18-29

- Central Bengaluru
- Residential Overview: Central Bengaluru
- East Bengaluru
- Residential Overview: East Bengaluru
- South Bengaluru
- Residential Overview: South Bengaluru
- West Bengaluru
- Residential Overview: West Bengaluru
- North Bengaluru
- Residential Overview: North Bengaluru
Survival During The Downturn 30-31
Promoting Walk-To-Work 32-33
Issues and Challenges 34-38

- Proposed Initiatives and Current Scenario
Outlook 39
Introduction Bengaluru, is the capital of Karnataka and is

located in the south eastern part of the state.
The city was well known as pensioner’s
paradise and garden city until it transformed
into the “Silicon Valley of India” due to the
advent of IT-ITeS industry. The city’s spurring
growth is mainly due to the heavy
investments in public sector by the central
government and the rise of IT-ITeS sectors
Population that led to a significant economic growth. In
addition to IT-ITeS, the city caters to various
>12 Mn other sectors namely manufacturing,
engineering, biotechnology, aerospace &
aviation.
The city’s population was a mere 65.4 lakh in

2001 and rose to 96.2 lakh by 2011 and was
more than 12 mn as of 2017. Majority of the
Population Growth population, around 90%, reside in the urban
area of the city. One of the key factors
Rate : 2001 - 2011 driving population growth is migration from
other cities and countries. The city attracts
47.18% population within and outside of the city due
to the presence of a flourishing IT-ITeS
industry and renowned educational institutes
such as IISc, IIM etc. As a result, the city’s
population grew by 47.18% between 2001
and 2011. The population density also
increased from 2,985 persons/km2 in 2001 to
City Area 4,381 persons/km2 in 2011.
709 km2
Population Density
2
4,381 persons/km The city got its name from the
term “Bendha Kaalu” which
means boiled beans in the
local language of Karnataka,
Kannada. The place was
identified as Bendhakaalooru,
later as Bengalooru in
Kannada and Bangalore in
English.
Evolution & Brief History
KEONICS had
Software
planned and Electronic City
The largest Technology Park of
acquired the phase II, III were
cantonment India (STPI) was
development of established. Establishment of
of South India established in
Minerva mills Electronic city on an Whitefield also Kempegowda
was established KSSIDC complex in
area of 332 acres International Airport Metro rail was
in Ulsoor near and soap factory Electronic city grew as the IT
in Hosur at Devanahalli inaugurated
Bengaluru was established phase 1 hub of the city
Post
1537 1891 1947-55 1984 1997 2005 2011
1 2 3 4 5 6 7 8 9 10 11 12 13 14
1809 1918-19 1976-80 1991 Post 2008 2011

2000
The city was Extensions were Hindustan Machine Texas was Announce Along Outer Millennium
founded by formed and added Tools, Bharat the first ment of IT Ring Road, IT policy
Kempegowda to Bengaluru e.g. Electronics Ltd, MNC to policy IT-ITeS was
Chamrajpet, Bharat Heavy enter the industry announced
Basavanagudi & Electrical Ltd & city started
Malleswaram Telephone Industries growing
were established
Infrastructure Development -
Transport
Bengaluru is one of the fastest growing metropolis in India. The state government has consciously taken Metro
initiatives to develop world-class infrastructure to complement the burgeoning IT-ITeS sector and develop the
city as per global standards. The city has a radial road network, consisting of 6 national highways and 5 state The transport mode which adds to the skyline of the city and ease of commute is
highways. Public transport facility and road connectivity plays a major role in the functioning of the city. The the metro rail connectivity, christened as Namma Metro. The responsibility of
major part of the city’s working population includes knowledge and skill-based professionals associated with Bengaluru Metro Rail Project was handed over to Bengaluru Metro Rail Corporation
the IT-ITeS sector. Limited (BMRCL), which is a joint venture between Government of India and
Government of Karnataka. Currently phase 1 is complete and functional.
Bus Transport Phase 1 – Construction of the first phase began in Phase 2B - There is an extension red line from
Bengaluru Metropolitan Transport Corporation (BMTC) is the largest local bus April 2007 and Baiyappanahalli – MG Road (purple Nagawara to Kempegowda International Airport -
service provider in the city. It came into existence in 1997 after bifurcating from line) opened in 2011. Two new lines were 23km. This is expected to be developed under
Karnataka State Road Transport Corporation (KSRTC). BMTC does around 73,000 constructed during phase 1. The purple line (East- Phase 2B. The official colours to the new proposed
daily trips with a service spread of 11.69 lakh km. More than 50 lakh passengers West Corridor) is 18.1 km in length and starts from lines are yet to be announced.
commute daily via BMTC. Baiyappanahalli (East) and terminates at Mysore
Road (West). The green line (North-South Phase 3 – This phase is still in the planning stage
Corridor) is 24.2 km in length and starts from and spans across a total of 102 km. Pre-feasibility
Nagasandra (North) and terminates at Puttenahalli studies have been completed by RITES. The
(South). Government of Karnataka has not yet awarded the
contract of preparing DPR of this phase. The
Phase 2 – This phase received approval from the construction of this phase is likely to commence in
Railway
Government of Karnataka in 2011 and from Union 2025 and end in 2030. There are new lines
Bengaluru city railway station is officially now known as Krantivira Sangolli Rayanna Government in 2014. The construction work proposed in this phase. The blue line starts from
Railway Station. The railway station was renamed in May 2015. The station has 10 commenced from 2015. The green line’s extension Carmelaram and terminates at Yelahanka (32 km),
platforms, two entrances and is in the city center, in Majestic area. There are 220,000 to Anjanapura Township and purple line’s pink line starting from Marathahalli and
daily commuters and the station handles 88 trains per day including 63 express extension to Challeghata will be completed by terminating at Hosakerehalli (21km) and brown line
trains. 2020. The complete phase 2 along with starts from Silk Board via KR Puram and
underground section is expected to be ready by terminates at Hebbal.
2024.
The current working metro lines are green line
Two new lines will be constructed in phase 2. The running from Nagasandra to Puttenahalli and
yellow line is 19.14 km and starts from R V Road purple line running from Baiyappanahalli to
and terminates at Bommasandra. The red line is Mysore road. Both the lines have extension plans
Airport 21.45 km starts from Gottigere and terminates at which are under construction. Extension of purple
Nagawara. The official colours to the new line towards Whitefield and upcoming yellow line
Bengaluru airport was shifted from HAL Airport to Devanahalli as the city started
proposed lines are yet to be announced. from R V road to Electronic City will be beneficial
growing at a faster pace. Kempegowda International Airport was established in 2008
for a large working population in the East and
at Devanahalli. As of 2016, it was the third busiest airport in India. Currently there is a
Phase 2A – A 17 km elevated line, connecting KR South zones of the city.
single runway and only one passenger terminal handles both international and
domestic passengers. Under the expansion plans of the airport, in the second phase Puram with Central Silk Board along ORR was
terminal 2 (T2) is planned. T2 will be constructed in two phases and the first phase is announced at Invest Karnataka Summit in
expected to be commissioned by 2021. February 2016. The Government of Karnataka
approved the project’s Detailed Project Report
Establishment of airport initiated the real estate development and growth towards (DPR) in March 2017. As of August 2017, BMRCL
North Bengaluru. has signed only 1 MoU worth ₹ 100 Cr and
construction is expected to start upon more firms
signing up. The official colour to the new
proposed line is yet to be announced.
Connectivity
Key Roads Elevated Expressway

Outer Ring Road (ORR) Hosur Road Flyover
The road is 65 km long, In 2010, elevated expressway

connected from Hebbal to Silk of 9.98 km from Silk Board
Board Junction. It eases traffic Junction to Electronic City was
woes of the working population
along the road, decongests city
Elevated Expressway completed. It is the longest
elevated expressway of
traffic and eases long-distance Tumkur Road Elevated Expressway
Bengaluru and 2nd longest in
commercial and passenger India.
vehicle movement.
It is a six-lane elevated
Proposed Key Roads highway leading towards
Nelamangala on NH 4
Peripheral Ring Road (PRR)
(Tumkur Road). It was
completed in 2010 by Elevated Expressway
NHAI. Devanahalli Hebbal Elevated
Elevated Expressway Expressway (DHEE)
Hebbal Flyover
To ease traffic pressure on the

ORR, a 116km long PRR is proposed
outside the ORR. This development is on a
PPP basis and is initiated by Bengaluru
Development Authority (BDA). PRR will be
Post shifting of airport from
developed from Hosur Road to Tumkur
HAL to Devanahalli, National
Road via K R Puram, Bellary Road, Old It connects the
Highways Authority of India
Madras Road and Sarjapur Road. The Outer Ring Road
(NHAI) developed a 6-lane
development of this ring road will with Bellary Road.
elevated road beyond Hebbal
positively benefit north-east and south-
flyover. It was completed in
east Bengaluru’s growth. PRR will also
2012.
connect major highways and surrounding
district roads from Tumkur,
Mysore, Hosur Road and
Old Madras Road.
Metro Rail Development Key Roads
Map 1: Metro Rail Development, Bengaluru Map 2: Key Roads of Bengaluru
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City Boundry Bengaluru Main Roads
Phase 3 - Pink line - Planning
Legend
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1 Baiyappanahalli 1 Nagasandra 2 Gottigere 2 Bommasandra 2 KR Puram 2 Yelahanka 2 Hosakerehalli Bengaluru Main Roads
2 Mysore Road 2 Puttenahalli 3 KIAL 3 Hebbal
2A Challeghatta 2A Anjanpura Township
*UC- Under Construction

City Level Residential Overview Figure 3: Region-wise budget segment supply (2013- Q2 2018)
West 17% 60% 20% 3%

Bengaluru real estate market is considered as
one of the most resilient markets in the South 24% 49% 18% 9%
country. The realty market of the city is
driven by the IT-ITeS sectors and is largely
Figure 1: Price Trend North 11% 56% 23% 11%
end-user driven. The market experienced its
peak during 2013-15. Subsequently, the real
East 17% 49% 23% 11%
estate sector was impacted by the triple
tsunami of DeMO, RERA and GST in 2016 and
2017, which obstructed the sales but brought Central 6% 23% 71%
5,000
in more transparency and accountability.
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
4,800
The new unit supply increased by 20% in
< `40 Lakh `40 Lakh- `80 Lakh `80 Lakh - `1.5 Cr > `1.5 Cr
2014, decreased by 16% in 2015 when
4,600
compared to 2014 and dropped drastically in
Price (`sq ft)
2016 and 2017 due to various

macroeconomic changes. The absorption 4,400
increased by 13% in 2014 and by 20% in 2015

and recorded lowest in Q3 & Q4 of 2016. Year 4,200
2017 was a challenging one but in Q1 2018,
the city witnessed an increase in both supply 4,000
as well as absorption, a positive sign for
Bengaluru’s real estate market. Thus, despite
3,800
the slowdown in the overall realty market,
Q1 Q2
Bengaluru realty stood strong primarily 2013 2014 2015 2016 2017
2018 2018
because unlike its counterparts like NCR it
was an end-user driven market where
developers followed professionalism and
were majorly transparent.
Figure 2: Region-wise budget segment supply (2013-2017)
30,000 1,40,000
25,000 1,20,000
Unsold Inventory
No of Unit
1,00,000
20,000
80,000
Central Bengaluru has the highest launches in the ultra-luxury segment
15,000
60,000 (`>1.5Cr), as the region is an established one with limited land availability for
10,000
40,000 new developments. East, North, West and South have the highest launches in
5,000 20,000 the mid segment between ₹ 40Lakh - ₹ 80Lakh. Ample land availability at
- -
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 affordable prices and concentration of major economic hubs within it promote
2015 2016 2017 2018 requirement of housing for junior-to-mid-level employees.
Supply (LHS) Absorption (LHS) Unsold Inventory (RHS)
Map 3: Micro markets of Bengaluru

W E
City Zoning
Central Bengaluru South Bengaluru West Bengaluru North Bengaluru East Bengaluru
City Boundry Bengaluru Main Roads

With the IT-ITeS sectors gaining grounds in the Soon, the city transformed to be known as the
city post 1990s, Bengaluru started growing and “Silicon Valley of India” and with space
establishing itself as a global city. Anticipating constraints in the city centre, traffic congestion,
future growth, the government of Karnataka high rental and land values, development of large-
announced favourable IT policies in 1997 and scale economic establishments in the city centre
Millennium IT policy in 2011 so as to attract global was not possible. As a result, the IT-ITeS growth North
IT-ITeS companies. The vision of the IT policy was spread towards the external fringes mainly
d
r Roa
to position Bengaluru as the IT hub of India and towards Whitefield (East), Electronic City (South)
ensure availability of highest skilled IT workforce and recently in North Bengaluru - towards the
llapu
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not just in the state but the entire country. The Kempegowda International Airport (located in
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objective of the Millennium IT policy was to Devanahalli). This is largely due to availability of la lla
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empower women, eradicate poverty and large land parcels, modern infrastructure, better B ds
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unemployment by employing the youth connectivity and low land values compared to w
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population in the IT industry. other saturated parts of the city.
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Magadi Road Whitefield Road
West East
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Central
Central Bengaluru Residential Overview - Central

The city core and its surrounding areas largely have
presence of public sector establishments, administrative
The central zone also comprises of large retail
developments and high-end corporate offices. The major
Bengaluru
offices, market areas and old residential localities. The Grade A office establishments here are UB City, Prestige
region boasts of excellent connectivity to other parts of Trade Tower, Prestige Khoday Tower, Divyasree The new unit supply in the central zone of the city The supply of new units is limited in CBD with
the city due to the presence of cantonment railway Chambers and few other office spaces in Lavelle Road, is low as compared to other zones of the city. This highest launches in the ultra-luxury category,
station, majestic bus station and metro connectivity. Infantry Road and Cunningham Road. The high streets is largely due to high land values and paucity of followed by the mid segment. Limited land parcels
markets in the city centre are MG Road and Brigade land in the city centre. Most areas are already well- for new developments, well-developed physical
Road. developed and saturated with limited scope for and social infrastructure facilities, better
further developments. However, few connectivity via varied transport networks and
redevelopment projects by prominent builders are workspaces nearby have upped the ante of the
creating some residential activity in the region. As region over the years and thus being dominated
Map 4: Zone – Central Bengaluru per data, the new supply was highest during the by expensive housing units.
year 2014-15, which dropped drastically post
DeMo in 2016.
Benson Town
Richmond Town
Cooke Town
Fig. 4: Supply and absorption scenario of Central Bengaluru
1 Cox Town
Rajaji Nagar 2
Vasant Nagar 600
Race 500
d
Course 1 Ulsoor
a
Okalipuram
Ro
Lake 500
2 Shivaji Nagar 400
ce
la
400
No Of Units
MG
Pa
Roa
Freedom d 300
Cubbon Ulsoor
Park Park 5 300
Brigade
4
Chickpet 200
Road
3 200
3
100 100
Richmond Town
4 - -
Shanthi Nagar
2013 2014 2015 2016 2017 Q1 2018 Q2 2018
Lalbagh
Supply(LHS) Absorption(LHS) Unsold Inventory(RHS)
Langford Town
C Figure 5: Budget-wise supply trend (2013 to Q2 2018) in Central Bengaluru
6%
< `40 Lakh

23%
`40 Lakh - `80 Lakh
Major Office Establishments Malls `80 Lakh - `1.5 Cr

> `1.5 Cr
1 Prestige Trade Tower 1 Mantri Square Mall 71%
2 Prestige Khoday Tower 2 Sigma Central Mall
3 UB City 3 UB City
4 Divyasree Chambers 4 Garuda Mall
5 1 MG Lido Mall
East Bengaluru Residential Overview - East

Eastern part of the city largely became prominent
post 2000 due to the IT-ITeS boom, SEZ act in
The major office establishments include Bagmane
Tech Park in C V Raman Nagar, RMZ Infinity and
Bengaluru
2005 and the formation of the EPIP zone in Salarpuria Sattva Magnificia in Old Madras Road, East Bengaluru has seen maximum new unit saw a major decline. Least launches were recorded
Whitefield. The increased commercial activity Bagmane World Technology Centre, Prestige Tech supply over the last five years in comparison to in 2017 as the market was overall impacted by
triggered residential growth across several micro Park, Cessna Business Park, Embassy Tech Village, other zones of the city. This is mainly due to high DeMo and RERA.
markets in the eastern zone. Development of Global Technology Park, RMZ Ecoworld etc., along concentration of IT-ITeS companies and easy
infrastructure facilities further aided the growth. Outer Ring Road and International Tech Park availability of land parcels for new developments. The segment that dominates the property
The upcoming metro rail project in Whitefield is Bengaluru (ITPB), Brigade Tech Park, Salarpuria G spectrum here is the mid category ( `40L- `80L),
likely to ease traffic and minimize commute time R Tech Park etc. in Whitefield and RGA Tech Park Buoyed by the booming IT-ITeS sectors over the followed closely by the luxury segment ( `80L-
to workspaces within Whitefield and nearby areas. along Sarjapur Road. years and high demand from professionals `1.5Cr). Being a major IT hub, the micro markets
working in IT parks, Whitefield and ORR saw here are dominated by junior-to-mid level
East Bengaluru largely comprises of IT-ITeS hubs maximum new supply between 2013-2015. employees who seek housing in these price
and high-end corporate establishments in areas However, due to the overall reformatory changes brackets. Thus, East Bengaluru is one of the most
including C V Raman Nagar, Old Madras Road in the Indian real estate sector including DeMo in prominent real estate zones in the city with high
(OMR), Outer Ring Road (ORR), Whitefield Main 2016 and RERA and GST in 2017, new launches scope for future developments.
Road, ITPL Road, Hoodi Main Road and Sarjapur
Road.
E Fig. 6: Supply and absorption scenario of East Bengaluru
60,000
35,000 50,000
Major Office Map 5: Zone – East Bengaluru NH 75
30,000
Establishments 40,000
No Of Units
25,000
1 Bagmane Tech Park
20,000 30,000
2 RMZ Infinity
3 Salarpuria Sattva Magnificia 15,000 20,000
4 Bagmane World Technology Centre
10,000
5 International Tech Park
10,000
6 Brigade Tech Park 5,000
KR Puram
7 GR Tech Park - -
8 Divyasree Technopolis 2
NH 44 3 Hoodi Kadugodi
9 Prestige Tech Park 2
ad 3 2013 2014 2015 2016 2017 Q1 2018 Q2 2018
10 Cessna Tech Park Ro Mahadevapura 4
d a 1 Whitefield 5
n
11 Embassy Tech Park
e kana 4
Main Road 5 6
iv Supply(LHS) Absorption(LHS) Unsold Inventory(RHS)
12 Global Technology Park yV 1 6
7
wam
13 RMZ Eco world S
Whitefield
14 RGA Tech Park
7
Domlur
HAL Old A Marathahalli Kundalahalli Figure 7: Budget-wise supply trend (2013 to
irport Roa
d 8 Q2 2018) in East Bengaluru
2
9
NH 44
Malls 8
11%
1 Gopalan Signature Mall Varthur 17%
2
3
4
VR Mall
Phoenix Marketcity
Brigade Arcade
Bellandur
10
12
11
10
9
SH 35 23%
Growth Driver
NH 44 13 Residential growth in East Bengaluru is driven by
5 Ascendas Park Square Mall
6 Inorbit Mall 11 the presence of large IT hubs and several key
7 Brookefield Mall infrastructure upgrades in recent times. The under-
49%
8 The Forum Neighbourhood Mall Sar construction Purple Line extension of metro rail
12 jap
9 Family Mall ura corridor up to Whitefield will ease traffic in the
14 Ro
10 Central ad
region and has caused an upsurge in homebuyer
11 Market Square < `40 Lakh `40 Lakh - `80 Lakh interest in this part of Bengaluru.
12 MGR Complex
`80 Lakh - `1.5 Cr > `1.5 Cr
South Bengaluru Residential Overview - South

The southern part of the city largely comprises of
developed areas such as Koramangala, J P Nagar,
Relatively lower property prices as compared to its
eastern counterparts like Whitefield and
Bengaluru
Banashankari, Bannerghatta Road etc. and spreads Marathahalli-Sarjapur Road ORR, more options in South Bengaluru has seen the second highest new As per data, maximum supply was seen in the year
towards Hosur road, extending all the way up to the mid and affordable category and increased supply of housing units in Bengaluru. This is mainly 2014 while it drastically dropped in 2017 due to
Electronic City. The key factor driving real estate connectivity via metro is a boon for the south due to the availability of large land parcels, IT structural changes and policy reforms including
growth here is the presence of IT-ITeS companies region, leading to high residential demand. sector concentration in Electronic City, industrial DeMo, RERA and GST. Southern Bengaluru
along Hosur road and in Electronic City. Besides IT- area development in Bommasandra, Jigani and flourished and witnessed highest absorption
ITeS, the industrial areas along Kanakapura Road Hosur road consists of many tech parks such as other areas, infrastructure facilities and proposed during 2014. As per the market segmentation, mid
have also led to high residential growth in micro Novel Tech park, Ozone Manay Technology Park, metro rail corridor development. segment dominated the property spectrum,
markets along the road. Moreover, the southern Velankani Tech Park, AMR Tech Park etc, IBC followed by the affordable category. Areas beyond
region has always been at the forefront of city’s Knowledge Park, Kalyani magnum near Electronic City towards Chandapura and Attibele is
real estate largely due to presence of robust Bannerghatta Road and Brigade Software Tech seeing the development of several plotted layouts.
infrastructure, good connectivity and the Park near Banashankari. Electronic City has major
developing IT/ITeS. The upcoming metro project IT-ITeS establishments with companies such as
towards Bommasandra is an added advantage. Infosys, Wipro, Siemens etc. There are many noted
companies in Bommasandra such as MTR Foods,
Biocon Ltd, RNS Motors Ltd and HCL, Biocon Park, Fig. 8: Supply and absorption scenario of South Bengaluru
Sansera Engineering, Cipla, etc in Jigani.

Bommasandra and Jigani are industrial areas with 30,000 40,000
majorly affordable housing supply while Electronic
Map 6: Zone – South Bengaluru 35,000
City has options both in the mid-segment and 25,000
affordable category. 30,000
No Of Units
20,000
25,000
15,000 20,000
15,000
S Basavanagudi
10,000
Ejipura 10,000
NH 44 5,000
5,000
1
- -
Banashankari 2
Kormangala
Jayanagar 2013 2014 2015 2016 2017 Q1 2018 Q2 2018
1 2 BTM Layout HSR Layout
Ho
5 3 Supply(LHS) Absorption(LHS) Unsold Inventory(RHS)

su
rR
3
oa
Bommannahalli 4
d
JP Nagar
5 6
NH 44
4 Figure 9: Budget-wise supply trend (2013 to
Q2 2018) in South Bengaluru
El
ec Flyo
N ice Ring
tro ve
Anjanapura Ro
NH 48 ad
ni r
c
Ci
7 9%
ty
NH 48 8 24%
Electronic City 18%
Growth Driver
NH 44
South Bengaluru is largely driven by demand from
Bommasandra
the IT hub of Electronic City and various
Major Office Establishments Malls infrastructure upgrades, including the under-
49%
1 Brigade Software Tech Park 1 The Forum Mall construction metro project (proposed yellow line
2 IBC Knowledge Park 2 Central from RV road to Bommasandra). South Bengaluru
3 Kalyani Magnum 3 Gopalan Innovation Mall is seeing a spurt in residential activity, particularly
< `40 Lakh `40 Lakh - `80 Lakh
4 AMR Tech Park 4 Royal Meenakshi Mall in the mid segment category.
5 Ozone Manay Technology Park 5 Gopalan Promenade mall `80 Lakh - `1.5 Cr > `1.5 Cr
6 Novel tech Park
7 Velankani tech Park
8 Infosys
West Bengaluru Residential Overview - West

The western zone of Bengaluru, one of the posh
areas in the city, mainly comprised of large
metro rail corridor development have been the
major boosters for residential demand. This region
Bengaluru
independent bungalows owned by the elite or is likely to see a major infusion of residential
very small-size apartments. But lately, this trend is developments in the future. The new supply in West Bengaluru is low as in 2017 due to the impact of DeMo, RERA and GST.
changing. In the last three to four years, the region compared to other zones of the city. However, Although new launches were low in 2017, but in
has witnessed the launch of several high-end The most noted office space establishments in large independent bungalows are seen to be the last quarters of the year absorption increased
apartments, a change of trend wherein the elite West Bengaluru are World Trade Centre in giving way to high-end apartment societies over and the unsold inventory declined.
now prefer to stay in apartments rather than Rajajinagar and Global Village Tech Park along the last few years. This region was initially
independent bungalows. Mysore Road. Peenya industrial area is another inhabited by the elite who settled in Bengaluru The supply is highest in the budget segment of
prominent industrial hub of the region. Besides several years back. Also, the micro market does ₹40L-₹80L considering that the residential
Moreover, the region boasts of good physical and easing connectivity issues, the existing and not have a high concentration of IT-ITeS demand arises mainly from the mid-scale
social infrastructure facilities. It is considered as upcoming metro rail development is likely to companies but it mainly houses educational employees working in the nearby industries and
Old Bengaluru with presence of prominent enhance residential demand in the area. institutes and industries. As per data, the supply educational institutions.
educational and research institutes. Moreover, Availability of large land parcels at affordable was maximum in 2013, which drastically dropped
ample availability of land, the industrial areas and prices holds an opportunity for future growth of
real estate sector in this region.
Fig. 10: Supply and absorption scenario of West Bengaluru
8,000 12,000
7,000
Map 7: Zone – West Bengaluru 10,000
6,000
8,000
No Of Units
5,000
W
4,000 6,000
NH 75
3,000
4,000
Nagasandra 2,000
NH 75
2,000
Peenya 1,000
Yeshwanthpur
- -
1 2013 2014 2015 2016 2017 Q1 2018 Q2 2018

1
Malleshwaram
Basaveshwar
ad Sunkadakatte Nagar
Ro
Main Rajaji Nagar
a di
g
Ma
NH 48 Vijay Nagar Figure 11: Budget-wise supply trend (2013 to
2 Q2 2018) in West Bengaluru
Nagarbhavi
Ullal
3%
Major Office 17%
Establishments Kengeri 20%
Satellite Town
1
2
World Trade Centre
Global Village Tech Park
or
e
Ro
ad
2 RR Nagar
Growth Driver
ys
M In West Bengaluru, availability of large land
re
NH 48
ay yso
60% parcels, industrial areas and metro rail corridor

sw M
development have been the main residential

es ru
pr lu
Malls market boosters. This region will see a major

Ex nga
infusion of residential developments in the future.

Be
1 Orion Mall < `40 Lakh `40 Lakh - `80 Lakh

ce
2 GT World Mall `80 Lakh - `1.5 Cr > `1.5 Cr

Ni
North Bengaluru Residential Overview - North

Popularly referred as ‘Greater Bangalore’ by
industry experts, North Bengaluru has seen
growth in the future. Besides connectivity, various
industrial parks including the Karnataka Industrial
Bengaluru
massive real estate activity post the establishment Areas Development Board’s 3,000-acre Hardware
The residential real estate development in North The supply is highest in the mid segment between
of Kempegowda International Airport in park, 980-acre Aerospace park, and the 12,000-
Bengaluru has gained significant momentum over ₹40L - ₹80L. Currently, North Bengaluru is one of
Devanahalli in 2008. The region has the potential acre Information Technology Investment Region
the last few years. This is mainly due to the the most active micro markets in the city.
to develop into a self-sustained satellite town of (ITIR) have given a major push to residential
Kempegowda International Airport in Devanahalli, Proposed metro rail connectivity towards the
Bengaluru similar to Navi Mumbai, Gurgaon and development in this region over the last few years.
high potential for economic growth, industrial airport will be a value add to the growth of the
Noida. Availability of large land parcels at
parks, SEZ and infrastructure development. The region.
affordable prices, infrastructure development and Major office space establishments in the region
supply was highest in the year 2014 which
proposed metro project has boosted the growth include Kirloskar Tech Park, Hinduja Ecopolis and
drastically dropped in 2017 due to the impact of
prospects in the region. Moreover, it enjoys Brigade Magnum near Bellary Road, RMZ Galleria
DeMo, RERA and GST. Absorption was highest in
excellent connectivity to other prominent areas of in Yelahanka, Karle Town Centre and Manyata
the year 2015 which dropped in 2016 and then
the city via NH 44 and the signal-free corridor Embassy Business Park near Kempapura Main
started improving in 2017 as the impact of DeMo
from Hebbal to the airport. The proposed Road and Bhartiya Centre of Information
began to recede.
Peripheral Ring Road (PRR), metro project and Technology near Thanisandra Main Road.
high-speed rail-link to airport are likely to propel
Fig. 12: Supply and absorption scenario of North Bengaluru
Map 8: Zone – North Bengaluru

N 25,000 30,000
25,000
d
20,000
a
Ro
No Of Units
20,000
ry
lla
15,000
Be
15,000
NH 44 10,000
10,000
1
5,000
5,000
Do
dd
Sathanur - -
aba
llap
Yelahanka
2013 2014 2015 2016 2017 Q1 2018 Q2 2018
ura
Main Road
Ro

ad
Jalahalli West
Major Office 2
7
Thanisandra
Vidyaranypura
Establishments NH 44
Figure 13: Budget-wise supply trend (2013 to
3
1 Hinduja Ecopolis Kodigehalli Q2 2018) in North Bengaluru
4
2 RMZ Galleria
Sahakar
3 Brigade Magnum Nagar Thanisandra
4 Kirloskar Tech Park 3
2 6 11%
5 Karle Town Centre 5 11%
6
7
Embassy Manyata Business Park
Bhartiya Centre of Information Technology
NH 75 Sanjay Nagar
Nagawara
Hennur
23%
Growth Driver
1 Hebbal
Yeshwanthpur
Kalyan Nagar In North Bengaluru, the proposed developments
CV Raman Road
including the Information Technology Investment
Region (ITIR), aerospace SEZ, Devanahalli Business
50%
R T Nagar NH 75 Park, Global Financial District, etc. are driving
Malls growth. Proximity to the airport, the elevated
1 Vaishnavi Sapphire Centre expressway and metro rail corridor development
2 Esteem Mall have also upped the game for North Bengaluru.
3 Elements Mall < `40 Lakh `40 Lakh - `80 Lakh
`80 Lakh - `1.5 Cr > `1.5 Cr
Survival During the Downturn

Reformatory changes including DeMo, RERA and GST by the central government led to large-scale Popularly known as the ‘Silicon Valley of India,’ Figure 15: Supply as per the budget segment during and post DeMo
economic transformation in 2016-17. In the short-term, these policy changes impacted the overall Bengaluru has attracted major investments
2%
3%
3%
residential real estate through the length and breath of the country and most of all brought the sector into the city while global IT companies created 100%
8%
to a screeching halt like never before. However, implementation of these initiatives brought in the ample job opportunities, which has increased
8%
14%
much-needed transparency, accountability, efficiency and financial discipline within the real estate white collar jobs. Thus, the residential demand
5%
19%
sector. by actual users is significantly high in the city.
But the growing woes of infrastructure has led
80%
While DeMo impacted the real estate sector by restricting the movement of cash, among the major to the emergence of a significant trend in
teething issues of GST there was lack of clarity which ultimately kept home buyers away from the recent times. Walk-to-work is one trend that
property market. Moreover, buyers went in a wait-and-watch mode in anticipation of price corrections. has caught the fancy of several buyers in
Meanwhile, RERA brought in the much-needed respite for several home buyers who had been suffering recent time. Lack of proper physical
48%
due to the unscrupulous activities of few developers. Thus, similar to other sectors where a policy- infrastructure facilities at all the locations of
60%
change brings in confusion at the beginning and gradually begins to settle once clarity seeps in, the the city and the traffic congestions have
realty sector too witnessed the same. There was enough panic in the market for sometime with massive prompted buyers to live close to their work
53%
66%
83%
unsold stock piled up across the country. Finally, from H2 2017 the scenario began to change with places. Following the demand, builders are
buyers/end users beginning to take the plunge in the backdrop of attractive prices and myriad also developing large townships with this
property options. concept as there is ample land available in the 40%
sub urbans and peripheries.
During this upheaval, Bengaluru, primarily an end-user driven market, stood resilient with only a little
impact. Property prices remained stagnant for most locations with a wide range of residential options While the proposed metro construction will
from ultra-luxury to affordable suiting all income groups. Though, similar to most cities, launches take a few years to complete, buyers today
dropped drastically from Q3 2016 onwards as builders became more cautious. Interestingly, the prefer to walk-to-work.
39%
20%
scenario is seen to be improving in Q1 2018 with increased new launches. As for market segmentation,
25%
luxury sector saw a major setback during the period while affordable category gained immense Many such large townships have been
16%
prominence. Mid segment category (`40L - `80L) saw maximum launches. Today, favourable developed or under construction in different
macroeconomic environment, rise in commercial activity, increased interest of foreign investors, start- regions across the city.
7%
up hub evolution, and development of infrastructure facilities such as metro rail are factors driving real 0%
estate activity in the city.
Q2 2018 Q1 2018 2017 2016
< `40 lakh `40 Lakh - `80 Lakh
`80 Lakh - `1.5 Cr > `1.5 Cr
Fig. 13:Supply and absorption scenario of Bengaluru highlighting DeMo period
45,000
40,000
NO OF UNITS
35,000
30,000
Market scenario post DeMo
25,000
20,000
15,000
10,000
5,000
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2015 2016 2017 2018
Supply Absorption
RMZ Galleria
Promoting “Walk-to-Work” East Bengaluru

Commuting to work places is one of the major 31,000 units have been launched in East
challenges faced by working professionals in Bengaluru since 2013, with the highest IT company
Bengaluru today as physical infrastructure has not establishments in the zone housing the highest set
kept pace with the burgeoning population. With of IT professionals – knowledge based Figure 16: East Bangalore : Units launched as per
several professionals travelling to workplaces daily, professionals. The zone offers 62% of the units in budget segment (since 2013)
there is traffic congestion in most areas during the budget segment of `40 Lakh - `80 Lakh,
catering largely to MIG. `80 Lakhs - `1.5 Cr budget
peak hours which adds to the discomfort of
segment has 22% of the units in the zone. 3%
commuters. To cater to this issue, builders are 13%
seen to be promoting the “walk-to-work” concept

Some of the prominent
which is proving to be a boon to several townships include Prestige
22%
professionals. Moreover, the added advantage of
large land parcels is prompting developers to
Shantiniketan, Brigade South Bengaluru
build mixed-use developments that incorporate Gateway, Adarsh Palm 29,000 units have been launched in South 62%
clusters of housing, commercial office spaces, Bengaluru since 2013. With the electronic city (IT
hotels, retail etc. Some of the prominent Retreat, RMZ Galleria, hub of the city) being housed in south-eastern part
townships include Prestige Shantiniketan, Brigade of the city and many other high end IT company
amongst others establishments in south, this zone houses higher
Gateway, Adarsh Palm Retreat, RMZ Galleria,
< `40 Lakh
amongst others. However, despite being widely MIG and HIG, knowledge based population. 59% of
`40 Lakh - `80 Lakh
accepted, few of these integrated developments the units are in the budget segment of `80 Lakh -
`80 Lakh - `1.5 Cr
`1.5 Cr.
that are located in the peripheries often grapple
> `1.5 Cr
with multiple issues including lack of proper public
transport facilities outside the community, lack
connectivity issues with major areas of the city 7%
Figure 17: South Bangalore : Units launched as per
and also lack physical infrastructure. As a result, budget segment (since 2013)
25%
the occupancy in many projects is abysmally low. North and West Bengaluru
Ample land availability at affordable rates is
As per data, more than 20 large-size projects are 7%
attracting builders to build large mixed-use
either operational or under various stages of
developments projects in North Bengaluru. The 25%
construction in the city. Many of these large
prominent projects include Bhartiya City, Ozone
projects incorporate residential, office spaces,
Urbana, among others. Once completed, these
malls, etc. so that home buyers don’t really have to
projects will be more like a city within a city. On 9%
move out of the community. As expected, out of
the other hand, the west zone which lacks IT
all the regions, East and South Bengaluru have
developments has more of industrial
maximum projects that promote walk-to-work 59%
developments and hence and walk to work
concept.
Prestige Shantiniketan concept does not seem to be a prominent option
here.
East and South Bengaluru < `40 Lakh
`40 Lakh - `80 Lakh
In the eastern zone, IT sector is mainly `80 Lakh - `1.5 Cr
concentrated in micro markets like Whitefield,
Outer Ring Road and Sarjapur Road while in the
Central Bengaluru > `1.5 Cr
southern zone it is essentially concentrated along The city centre has mainly corporate offices,
Hosur Road and Electronic city. These localities public sector industries, administrative
have several residential projects that promote walk- establishments with no large land parcels available
to-work concept. Developers are also identifying for large scale residential development. Also,
major IT parks and developing residential projects expensive properties in this location does not
near to these economic hubs. The residential really promote walk-to-work concept for a large-
developments in these zones are typically large- scale junior-to-mid level employees working in
scale townships with a variety of configurations Central Bengaluru.
available across budget segments so as to cater to
all income groups.
Brigade Gateway
Issues & Challenges Map 9: Growth of Bengaluru
Yelahanka Airport
Hunasamaranahalli
Yelahanka
Nelmangala
Jakkur Airfield
Hoskote
Byatarayanapura
Dasarhalli
Harohalli
KR Puram
Bengaluru Mahadevpura
Pattanagere
Bommanhalli
Kengeri Uttarahalli
Konanakunte
Kothnur
Gottigere
Hebbagodi
Bommasandra
Hosur
Mathigiri
Anikel
Excellent economic growth, ample employment However, with this unprecedented growth came in
opportunities and salubrious weather led to an an unanticipated rapid urbanization in the city that
unprecedented trajectory of urbanization in gave rise to many issues and posed challenges on
Bengaluru. In addition, the presence of eminent the urban management. The scale at which the
educational institutes in the city have produced city and its population is rapidly burgeoning,
high quality talent, thereby increasing skilled man urban management needs to thus have inclusive
power and knowledge-based population. growth with active participation from both the
governing bodies as well the citizens living in the
city. This will be an inclusive, sustainable and Source: http://catalyst.nationalinterest.in/2014/01/04/the-growth-of-bangalore/
appropriate management approach for the urban
challenges and issues raised.
Major issues and challenges faced by the city Proposed Initiatives & Current
Solid Waste Management
Status
Unanticipated rapid growth in the urban population of the city coupled
with economic growth and high living community standards contributed to
the increase in the amount of waste generation. The solid waste Solid waste management
management has become a major challenge which is negatively hampering
The city generates approximately 5,000 tonnes of waste on a daily basis. The governing
the city profile and also impacting its ecological balance.
authority - BBMP has taken initiatives such as Kasa Muktha Bengaluru in 2014 with a
moto to make the city garbage free after the success of Wake-Up Clean-Up campaign in
2013. Two different dustbins were earmarked to segregate the dry and wet waste and
25,000 rag pickers were employed too for Kasa Muktha Bengaluru. Wake-Up Clean-Up
Mobility campaign was conceptualised to bring together the multiple stakeholders for waste
With rising employment opportunities focused in major economic hubs of management including govt. agencies, bulk generators, corporate houses, NGOs and
the city in selected locations, mobility plan of the city needs to be environmental organizations, solid waste experts, service providers and citizens to
rethinked and developed. The connectivity, quality of roads, mode of develop large-scale sustainable waste management practice.
transport, mobility pattern should be analysed and innovative proposals
should be added to ease citizen mobility Although the governing authorities are totally committed to efficiently carry out the solid
waste management practice by creating awareness, decentralised waste management
practices as waste dumping in outskirts of the city led to contamination of ground water,
Water and Lakes of the City but more than 20% of the waste still remains unpicked.
With extensive unforeseen expansion of the city, rising population and Bengaluru also records the highest generation of e-waste accounting to 18,000
massive residential development across the city, it is facing major water tonnes/year. In this regard, IT companies have to play a key role by encouraging
crisis. Popularly known as the city of lakes, there are many that have either organised disposal of e-waste.
dried up and turned to ghost lakes or are contaminated. A few of the lakes
have also turned toxic due to the unplanned waste disposal by several Currently, BBMP is keen on getting citizen participation, investing in technology and
factories along its peripheries, which leaves a hazardous impact on the infrastructure as well as having a keen eye to innovative methods to help in effective solid
region. waste management.
Mobility
Physical Infrastructure Developments
As the city started expanding the demand for excellent road network, connectivity and
With extensive expansion of the city that saw key economic hubs
mobility began to rise. The ratio to the spatial spread of the city to the road network is
developing in the secondary and peripheral business districts with
not appropriate. As a result of city reaching peripheral limits, connectivity started getting
residential developments, fast-paced physical infrastructure developments
enhanced with metro facility being extended and mobility plan revised keeping the
became a challenge. The demand for transport network and connectivity,
floating traffic directions in mind. Extension of green and purple line of Namma Metro,
electricity & water supply, waste management has risen and it is a challenge
planning and proposal of other lines in the city is already in progress. The details of the
to meet the expectations of the residents.
metro line is provided in detail in the connectivity section of the report.
Water and Lakes of the city
As the city started growing extensively towards the peripheral areas, secondary business
districts were created and became densely populated. The issues related to water supply
began to arise. Slum-dwellers are the major victims of this problem which hampers their
health intensely. With the dispute of Cauvery river between Karnataka and Tamil Nadu
and non-efficient ways, providing clean drinking water facilities became a major concern.
As a result, BWSSB planned and provided drinking water through tankers which worked
out costly and will not be cost-efficient in the long term. Hence, there is dire need to
develop an innovative decentralised system of drinking water provision.
The city was once known to have hundreds of lakes which turned to ghost lakes
eventually due to extensive urbanisation and garden city turning to concrete jungle.
There have been many initiatives taken by BBMP, BWSSB and BDA to restore these lakes
and a few more are in the pipeline. Lake Development Authority, a registered society
under the Karnataka Society Act, is set with a purpose to protect, maintain and develop
lakes. There were various other committees formed such as Lakshman Rao Committee,
Ramaswamy Committee, Balsubramanyam Committee etc. to preserve and restore the
lakes.
Agara Lake
Hazardous incidents such as Bellandur and Varthur lakes letting out harmful froth and
gases to the surroundings is necessitating a need for proper maintenance of the area.
The former lake is planned to be rejuvenated with a project cost of ₹50 Cr.
Outlook
Although there is active citizen participation coupled with the governing bodies’
efforts to repair and revive the water bodies, there is a need for immediate innovative
Bengaluru has, thus, evolved over the years from Considering the population growth of the city and
solutions which could be served by public-private participation mode.
being called a ‘Garden City’ to be popularly known buyers’ requirements of having residence near
as the ‘Silicon Valley of India.’ The city has made workplaces, developers are building projects near
Physical Infrastructure Developments its mark on the global map with several office destinations and promoting walk-to-work
multinationals wanting to set up their base here. culture in the city. This is majorly noticed in
As evident and widely known, majority of the population is knowledge-based This, in a way, has given rise to the western realty eastern, northern and southern parts of the city.
professionals employed in the IT sector. Economic hubs are widely developed in the
trends being replicated here. Besides theme- Meanwhile, infrastructure upgrading initiatives by
eastern and south-eastern side of the city. As a result, the connectivity, mobility and
based residences, quite popular in the western the Government such as metro rail project along
road network has been the core focus area of the government. Multiple schemes for
world, walk-to-work concept has also gained the IT corridors will further enhance the
infrastructure development are announced to address the gridlocks caused by traffic,
prominence where the globe-trotters now prefer connectivity and ease commute in the future.
bad road conditions, metro rail network and toxic lakes.
to keep daily commute to the minimum.
Availability of large land parcels in East, North and
Furthermore, the city is home to well-recognised South Bengaluru has given rise to mixed-use
and prominent educational and research institutes developments that incorporate residences, office
In Peenya industrial zone, a chemical treatment unit worth `10 Cr has been allotted by the govt. with high knowledge-based population, making it spaces, malls, schools etc. Also, several IT parks
culturally and demographically a diverse city. It have mushroomed in these regions over the years
attracts migrants from inside and outside the state which have invariably created a demand for
Six interconnected elevated corridors with a project cost of ₹15,825 Cr will be built in the city over
due to large employment opportunities being residential around it. While few mixed-use
the next four years.
generated, thus leading to high real estate activity developments have become operational as on
in the city. date, there are many under various stages of
Development initiatives are planned for the ambitious 66-km long Peripheral Ring Road connecting
construction. Thus, with increasing traffic woes
Hosur Road and Tumkur. It will be a 20-lane transit system with 10 lanes above and 10 below with Being primarily end-user driven market, it has daily due to improper infrastructure facilities, the
metro line aligned in between, extending the metro services till the periphery making it an withstood the severe impact of the triple tsunami concept of walk-to-work looks here to stay in the
integrated system. The total project cost is expected to be ₹13,000 Cr. of economic reforms in 2016 and 2017. future.
To enhance the road network and resolve the gridlocks, defence land is being transferred for the
road projects. Few such projects are stated below:
- Road connecting Ejipura Inner Ring Road to Sarjapura Main Road

- Road connecting NH 7 up to Sanjivanagara in Byatarayanaoura
- Road connecting NH 7 up to Hebbal Sarovara Layout via Amco Layout in Kodigenhalli
- Widening the Hosur-Lashkar road
- Slip road for elevated corridor/flyover in Kormangala
- Widening Lower Agaram Road from Hosmat Hospital to IST Main Road, Viveknagar
- Alternate road from Kavalbyrasandra Main Road to Modi Garden in D.J Halli
NHAI plans to widen the NH 7 which connects to Bengaluru International Airport from 6-lane
presently to 8-lane to sustain higher traffic as a result of airport expansion.
A high-speed rail link from the city centre to the international airport is under development which
will enable the passengers reach the destination in 20-30 minutes.
To serve the metro rail network, monorail is planned to act as a feeder line.
A connect from Devanahalli with Yeshvantpur via Yelahanka is enabled by a commuter rail system.
BMIC (Bengaluru-Mysore Infrastructure Corridor) which comprises 6-lane expressway which is toll
road Bengaluru to Mysore is under development and is being implemented under PPP basis. The
development also comprises of power plant, commercial development between the two cities,
integrated townships, ring road ensuring fast and easy connectivity.
Devanahalli Business Park on a land parcel of 414 acres adjacent to BIA is planned by KSIIDC.
KIADB plans to develop IT/BT park in Bagalur village on a land parcel of more than 1,000 acres.
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BENGALURU

The city of opportunities that promotes Walk-to-Work

Divided into ﬁve zones namely central, east,

Evolution & Brief History 8-9

Infrastructure Development - Transport 10-11

City Level Residential Overview 16-17

City Zoning 18-29

- Residential Overview: Central Bengaluru

- Residential Overview: East Bengaluru

- Residential Overview: South Bengaluru

- Residential Overview: West Bengaluru

- Residential Overview: North Bengaluru

Survival During The Downturn 30-31

Promoting Walk-To-Work 32-33

Issues and Challenges 34-38

Introduction Bengaluru, is the capital of Karnataka and is

The city’s population was a mere 65.4 lakh in

Evolution & Brief History

1809 1918-19 1976-80 1991 Post 2008 2011

Key Roads Elevated Expressway

The road is 65 km long, In 2010, elevated expressway

To ease trafﬁc pressure on the

Metro Rail Development Key Roads

Map 1: Metro Rail Development, Bengaluru Map 2: Key Roads of Bengaluru

*UC- Under Construction

West 17% 60% 20% 3%

2016 and 2017 due to various

increased by 13% in 2014 and by 20% in 2015

Figure 2: Region-wise budget segment supply (2013-2017)

Map 3: Micro markets of Bengaluru

City Boundry Bengaluru Main Roads

Magadi Road Whiteﬁeld Road

Central Bengaluru Residential Overview - Central

C Figure 5: Budget-wise supply trend (2013 to Q2 2018) in Central Bengaluru

< `40 Lakh

Major Ofﬁce Establishments Malls `80 Lakh - `1.5 Cr

East Bengaluru Residential Overview - East

E Fig. 6: Supply and absorption scenario of East Bengaluru

South Bengaluru Residential Overview - South

Sansera Engineering, Cipla, etc in Jigani.

5 3 Supply(LHS) Absorption(LHS) Unsold Inventory(RHS)

West Bengaluru Residential Overview - West

Fig. 10: Supply and absorption scenario of West Bengaluru

1 2013 2014 2015 2016 2017 Q1 2018 Q2 2018

60% parcels, industrial areas and metro rail corridor

development have been the main residential

Malls market boosters. This region will see a major

infusion of residential developments in the future.

1 Orion Mall < `40 Lakh `40 Lakh - `80 Lakh

2 GT World Mall `80 Lakh - `1.5 Cr > `1.5 Cr

North Bengaluru Residential Overview - North

Fig. 12: Supply and absorption scenario of North Bengaluru

Map 8: Zone – North Bengaluru

Supply(LHS) Absorption(LHS) Unsold Inventory(RHS)

Survival During the Downturn

< `40 lakh `40 Lakh - `80 Lakh

`80 Lakh - `1.5 Cr > `1.5 Cr

Fig. 13:Supply and absorption scenario of Bengaluru highlighting DeMo period

2015 2016 2017 2018

Promoting “Walk-to-Work” East Bengaluru