One of the most well-established localities of Bengaluru, Yeshwanthpur today has emerged as a popular and thriving residential destination of the silicon city. The locality falls in the north-western part of the city and is surrounded by Hebbal in the west and Malleswaram in the North.
Yeshwanthpur was once popular for its biggest agricultural wholesale market known as the APMC Yard and its industrial centers. However, in recent years, due to excellent infrastructure, smooth connectivity and good livability quotient, the area has gained much momentum amongst homebuyers changing it to a potential residential hotspot.
Take a look at other factors that makes Yeshwanthpur a thriving residential investment destination in Bengaluru:
Yeshwanthpur is well connected by all the areas of the city via an established rail and road network. The Green line of the Namma Metro passes through locality thereby connecting it to other areas like Rajajinagar, Srirampura, and Mahalakshmi Layout. Besides this, Yeshwanthpur has its railway station, which is the second most important rail network in the IT city. One can get trains to all the metro cities like Delhi, Mumbai, Pune, etc. from here. It also enjoys smooth connectivity to the international airport via Bellary Road.
Apart from this, the signal-free corridor between Yeshwanthpur and Nelamangala NH 4 has further smoothened up the connectivity of this locality with other areas.
Yeshwanthpur is home to well-developed and excellent infrastructure. The locality boasts many reputed educational institutions, hospitals, entertainment, and recreation centers. Some of them include Orion Mall and Mantri Square Mall.
Real Estate Market
The real estate market of Yeshwanthpur offers a mix of various residential properties like villas, plots, hi-rise and low-rise apartments, row houses, etc. However, most of the home buyers prefer a 2 or 3 BHK apartment as for working professionals, such investments easily fall in their Budget.
Another reason for the increasing popularity of this locality among homebuyers is to its proximity to the IT hubs and industrial centers of the city like Embassy Manyata Tech Park, Yelahanka, Koramangala, Nelamangala, and Dobbaspet.
Moreover, the presence of industrial and commercial offices in the neighbourhood makes this locality a favourable rental market among the tenant community. The rental price is much affordable in this area as compared to others.
Property Price and Trends
Currently, the average property price in Yeshwanthpur is Rs 7,951 per sqft, while the minimum and maximum price hover between Rs 6,138- Rs 9,763 per sqft. On the other hand, the rental price of a 1 and 2 BHK starts from Rs 5000 and Rs 12000 respectively which is much lower than its counterpart areas like Rajajinagar.
Moreover, the property price trend of the locality has shown consistent growth of 7-8% on a Y-o-Y basis. Expert suggests that the way at which the property market has paced up, it predicts that the future of this market is very strong and investing here may offer a good return on investments to the homebuyers.