Avg. Rate
₹ 3,565/sq. ft
Locality Rating
7.5/10
Banashankari 1st Stage is a well-established residential locality in South-West Bangalore, falling under the Bengaluru West Zone. With a PIN code of 560050, it forms a key part of the larger Banashankari neighborhood, known for its cultural vibrancy and accessibility. Developed primarily in the late 20th century, this area has evolved into a sought-after residential hub, balancing urban convenience with community living. The real estate market here is characterized by a mix of independent homes, older apartments, and a limited number of new developments, with the average 2BHK property priced at approximately Rs. 1.11 Crore and an average rate of Rs. 9,500 per sq ft. While new project launches are sparse, with only one major project currently recorded, demand remains steady due to the area’s connectivity and proximity to key employment zones. Residents benefit from access to essential amenities, including schools, hospitals, markets, and religious sites, all within close reach. The locality enjoys strong road connectivity via Mysore Road and Kanakapura Road, with the upcoming Metro expansion expected to further enhance accessibility. Banashankari 1st Stage continues to attract middle to upper-middle-class families seeking a balanced lifestyle in a mature urban setting.
Region
Banashankari
City
Bengaluru
District
Bengaluru Urban
State
Karnataka
Pincode
560050
Population
27,500
Schools
5
Nearest Airport
Kempegowda International Airport (BLR)
Excellent road connectivity to IT hubs via Mysore Road and Kanakapura Road
Home to reputed institutions like SIES High School and BGS Public School
Well-served by public transport with frequent BMTC buses and upcoming Metro access
Limited new real estate developments and fewer modern apartment complexes
Occasional traffic congestion during peak hours on Mysore Road
Normalized to 100 · Oct 2020 baseline
Timeline
Property Listing Trends
(12%)
RERA Inventory & Sales Velocity
(13%)
IGR Transaction Data
(15%)
Rental Yield
(10%)
Pollution & Environment
(08%)
Infrastructure & Connectivity
(13%)
Social Infrastructure
(08%)
Crimes & Safety
(08%)
Political Stability
(06%)
Corruption & ease of doing business
(07%)
Timeline
Average Rate
₹ 3,565/sq. ft
Average Price Range
₹ 1,800 – 7,049
Trend (5Y)
▲ 58.9%
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The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in


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