New Launch - India Real Estate Report 2026.

Bank Colony

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Avg. Rate

3,995/sq. ft

Locality rating icon

Locality Rating

4.3/10

Bank Colony is a well-established residential locality situated in Konanakunte, under the Bengaluru South Zone, with the PIN code 560062. Originally developed to house banking professionals, the area has evolved into a sought-after residential pocket known for its peaceful environment and community-centric living. Over time, it has expanded into adjacent areas like Old Bank Colony, New Bank Colony, and PNB Layout, reflecting steady organic growth. The locality is primarily composed of independent homes and small apartment complexes, with limited high-rise developments. Strategically located, Bank Colony benefits from proximity to major IT hubs such as HSR Layout, Electronic City, and BTM Layout, making it convenient for professionals working in the southern part of Bengaluru. The area enjoys access to essential civic infrastructure, including reliable water and electricity supply, and is surrounded by several educational institutions and healthcare centers. Although real estate development has been moderate, with no large-scale ongoing projects, property demand remains stable due to its reputation for safety and accessibility. The neighborhood is well-integrated with surrounding localities such as Doddakallasandra, Munireddy Layout, and Soudamini Layout, contributing to a cohesive residential fabric. Residents benefit from nearby markets, parks, and community centers that enhance day-to-day convenience. While the area lacks metro connectivity at present, road networks provide efficient access to key arterial roads, supporting smooth commutes across the city. Bank Colony continues to attract homebuyers seeking a balanced lifestyle within the southern suburbs of Bengaluru.

Region

Konanakunte

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560062

Population

9,000

Nearest Airport

Kempegowda International Airport (BLR)

Neighbourhood Insights byPulse AI Logo

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The Good

Safe and quiet neighborhood with low crime rates

Close to reputed schools and hospitals

Good road connectivity to major employment hubs

Locality price index icon

The Bad

No direct metro access currently

Limited organized retail and entertainment options

KonanakunteNear Bank Colony, Konanakunte, Bengaluru South Zone, Bengaluru
Sowdamini Kalyana MantapaNear Bank Colony, Konanakunte, Bengaluru South Zone, Bengaluru

Aurum Price Index for Bank colony

1BHK2BHK3BHKAll

Normalized to 100 · Oct 2020 baseline

Timeline

Aurum Price Index is based on 10 parameters:

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%)

Rates and Trends

Upper PriceAverage PriceLower Price

Timeline

Average Rate

3,995/sq. ft

Average Price Range

1,8008,840

Trend (5Y)

79.1%

Nearby Neighborhoods

New Bank Colony

New Bank Colony is a well-established residential locality situated in the Konanakunte area of Bengaluru South Zone, bearing the PIN code 560062. Originally developed to house bank employees, the area has evolved into a sought-after residential pocket known for its peaceful environment and strong community presence. It lies close to the bustling Kanakapura Road (NH 948), offering smooth access to central and southern parts of Bengaluru. The locality is surrounded by several planned layouts and residential colonies, contributing to its organized urban structure. Despite the absence of large-scale real estate projects, New Bank Colony features a mix of independent homes, duplexes, and smaller apartment complexes, appealing to families and professionals seeking a quieter lifestyle without being too far from city conveniences. Property transactions here are primarily in the resale segment, with pricing influenced by proximity to key infrastructure and major road networks. The area benefits from its integration with the larger Konanakunte ecosystem, which has seen steady development in recent years. Residents enjoy access to essential amenities including schools, healthcare centers, and grocery hubs within a short radius. Its adjacency to Doddakallasandra and layouts like Soudamini and Munireddy Layout enhances connectivity and service availability. While public transport options are functional, the area is largely vehicle-dependent, making it ideal for those with private transport. New Bank Colony remains a stable, low-profile residential choice in South Bengaluru’s expanding suburban landscape.

Avg. Rate

4,231/sq. ft

Locality Rating

4.3/10

Explore Neighbourhood

Old Bank Colony

Old Bank Colony is a well-established residential locality situated in Konanakunte, under the Bengaluru South Zone. Developed originally to house employees of a nationalized bank, the area retains a peaceful, community-oriented atmosphere and is known for its quiet lanes and tree-lined streets. The locality falls under the PIN code 560062 and is surrounded by several planned residential layouts such as Doctors Colony, Narayana Nagar, and Soudamini Layout, contributing to its steady growth as a residential hub. Though Old Bank Colony does not host large-scale real estate projects currently, it remains a preferred choice for homebuyers seeking affordable housing with good connectivity. The area features primarily independent homes and older apartment complexes, with property transactions occurring largely in the resale market. Its proximity to major tech corridors and educational institutions enhances its appeal among middle-income families and working professionals. The locality benefits from access to essential civic infrastructure, including water supply, electricity, and drainage systems, supported by BBMP governance. While rapid urbanization in nearby areas like Doddakallasandra and Hulimavu has led to increased demand, Old Bank Colony maintains a relatively low-density residential character. Its strategic location near key roads ensures ease of commute, making it a practical choice for those seeking a balance between affordability and accessibility in South Bangalore.

Avg. Rate

4,270/sq. ft

Locality Rating

4.1/10

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Suprajanagara

Suprajanagara is a residential neighborhood located within the larger locality of Konanakunte in the Bengaluru South Zone, bearing the PIN code 560062. It is part of a well-established cluster of colonies developed primarily to accommodate government and bank employees, contributing to its orderly layout and community-oriented character. Over time, Suprajanagara has evolved into a peaceful, family-friendly enclave with a mix of independent homes and small apartment complexes. Its proximity to major tech hubs and educational institutions has increased its residential appeal. The area is surrounded by several planned layouts such as Doctors Colony, Soudamini Layout, Munireddy Layout, and Narayana Nagar, which contribute to its well-structured urban fabric. While Suprajanagara itself does not host large commercial centers, it benefits from the amenities available in nearby Doddakallasandra and Konanakunte, including grocery stores, pharmacies, and local markets. The neighborhood maintains a quiet, suburban atmosphere while remaining well-connected to the rest of the city. Real estate in Suprajanagara remains relatively underdeveloped in terms of large-scale projects, with no major residential towers or gated communities currently listed. However, demand for independent houses and plots persists due to the area’s stability and accessibility. Its location near the Outer Ring Road and proximity to tech corridors like HSR Layout and Electronics City make it a potential candidate for future appreciation.

Avg. Rate

3,820/sq. ft

Locality Rating

4.1/10

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Frequently Asked Questions

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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