Bengaluru’s real estate hotspots lose steam

Once prominent drivers of Bengaluru’s real estate growth, areas like Whitefield, Sarjapur Road, and regions near Kempegowda International Airport have consistently drawn interest from both homebuyers and investors due to their closeness to IT hubs and continuous infrastructure development. These locations came to represent the city’s real estate evolution. However, the pace has recently slowed, especially across tech corridors. Local brokers report a significant drop in buyer enquiries over the past two months, even during the typically strong festive season. Factors such as rising property prices, job market uncertainty, and recent policy changes are prompting buyers to act more cautiously.

In South Bengaluru, tech zones like Electronic City and Bannerghatta Road were early hubs, while the eastern corridor includes Whitefield, Outer Ring Road, Bellandur, and Sarjapur Road. The northern stretch, linked to Kempegowda Airport and areas like Hebbal and Devanahalli, also forms a key IT belt.

Experts note a 20–25% drop in enquiries, especially from Whitefield to Sarjapur Road. While end-users remain, they are delaying decisions due to policy concerns, high loan rates, and steep property prices. Developers are now slowing new launches and focusing on completing existing projects.

Leave a Reply

Your email address will not be published. Required fields are marked *