Avg. Rate
₹ 2,361/sq. ft
Locality Rating
7.5/10
Banaswadi is a well-established residential locality situated in the eastern part of Bengaluru, falling under the Bengaluru East Zone with the PIN code 560043. Historically a quiet suburb, it has evolved into a sought-after residential hub due to its strategic location and steady infrastructure development. The area is surrounded by prominent neighborhoods such as Lingarajapuram, Ramamurthy Nagar, Jeevan Bima Nagar, and Vimanapura, contributing to its integration within the city’s urban fabric. While large-scale real estate projects are limited, the demand for independent homes and resale apartments remains consistent. Connectivity in Banaswadi is a major advantage, with easy access to key arterial roads like the Outer Ring Road (ORR) and Old Madras Road, enabling swift commutes to IT hubs in Whitefield, KR Puram, and Marathahalli. The area benefits from proximity to the Bengaluru Metro’s Pink Line (Line 4), with the Banaswadi Metro Station located centrally, enhancing last-mile connectivity. Basic civic amenities, schools, hospitals, and markets are well-distributed, supporting a comfortable urban lifestyle. Banaswadi offers a balanced living environment, combining residential tranquility with urban convenience. Green spaces like the nearby Nandi Hills and proximity to the Varthur Lake region add to the area’s appeal, though localized flooding can be a concern during heavy rains. The social fabric is a mix of long-term residents and newer migrants, creating a diverse yet close-knit community. While real estate prices and per-square-foot rates are not officially tracked due to limited new developments, property values have appreciated steadily owing to improved connectivity and neighborhood upgrades.
Region
Bengaluru
City
Bengaluru
District
Bengaluru Urban
State
Karnataka
Pincode
560043
Population
80,000
Schools
5
Nearest Airport
Kempegowda International Airport (BLR)
Excellent metro and road connectivity to major employment centers
Established neighborhood with reliable civic infrastructure and schools
Affordable housing compared to adjacent areas like KR Puram and Whitefield
Limited new real estate developments and housing inventory
Occasional waterlogging during monsoon due to drainage issues
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
₹ 2,361/sq. ft
Average Price Range
₹ 1,184 – 4,761
Trend (5Y)
▲ 63.7%
Rates and Trends
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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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