New Launch - India Real Estate Report 2026.

Colony New 515

Avg rate icon

Avg. Rate

3,573/sq. ft

Locality rating icon

Locality Rating

5/10

Colony New 515 is a residential locality situated in the New Tippasandra area of Bengaluru East Zone, falling under the 560075 postal code. It is part of a cluster of planned residential colonies developed to accommodate the growing demand for affordable housing in eastern Bangalore. The area has evolved over the years as a preferred choice for middle-income families and working professionals seeking budget-friendly homes with decent access to employment hubs. While Colony New 515 does not currently host any major real estate developments or high-rise projects, it features a mix of independent houses and smaller residential layouts. The locality benefits from proximity to key areas such as HAL 3rd Stage and Jeevan Bima Nagar, offering residents access to essential amenities including schools, markets, and healthcare facilities within a short distance. Connectivity in Colony New 515 is primarily dependent on road networks linking it to major arterial roads like Old Airport Road and KR Puram Road. Although public transport options are available via nearby bus routes, the area lacks direct metro connectivity, which remains a constraint for daily commuters. Nonetheless, its strategic location within Bengaluru East makes it a potential candidate for future urban expansion.

Region

New Tippasandra

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560075

Population

9,000

Nearest Airport

Kempegowda International Airport (BLR)

Neighbourhood Insights byPulse AI Logo

Locality price index icon

The Good

Offers budget-friendly residential options for middle-income families

Well-connected to major employment hubs via Old Airport Road

Proximity to established neighborhoods with schools and hospitals

Locality price index icon

The Bad

No direct metro connectivity currently available

Limited organized real estate projects and modern housing options

New Tippasandra Main RoadNear Colony New 515, New Tippasandra, Bengaluru East Zone, Bengaluru

Aurum Price Index for Colony new 515

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

3,573/sq. ft

Average Price Range

1,8007,088

Trend (5Y)

59.5%

Nearby Neighborhoods

HAL 3rd Stage

HAL 3rd Stage is a well-established residential locality situated in New Tippasandra, under the Bengaluru East Zone, with a PIN code of 560075. Developed primarily to accommodate employees of Hindustan Aeronautics Limited (HAL), this area has evolved into a sought-after neighborhood due to its peaceful environment and proximity to key employment hubs. The layout is well-planned, featuring tree-lined avenues and a mix of independent homes and smaller apartment complexes. Located just off Old Airport Road, HAL 3rd Stage enjoys seamless connectivity to major tech parks in Whitefield, Marathahalli, and Indiranagar, making it a preferred choice for professionals. While large-scale real estate projects are limited, the demand remains steady due to the area’s reputation for safety and community living. The locality benefits from established civic infrastructure and access to essential amenities. Surrounded by neighborhoods like Seethappa Colony, Jeevan Bima Colony, and Geethanjali Layout, HAL 3rd Stage forms part of a mature residential ecosystem in East Bangalore. Its strategic location near major arterial roads ensures easy access to schools, hospitals, and commercial centers. Despite minimal new construction, property values have appreciated steadily, reflecting its enduring appeal among homebuyers and investors.

Avg. Rate

4,084/sq. ft

Locality Rating

7.5/10

Explore Neighbourhood

Hal

Hal is a well-established residential locality situated in New Tippasandra, part of the Bengaluru East Zone, with a PIN code of 560075. Historically rooted in the city’s aerospace and defense ecosystem due to its proximity to the Hindustan Aeronautics Limited (HAL) complex, Hal has evolved into a mixed-use neighborhood balancing older residential layouts with newer developments. The area is primarily composed of independent homes, apartments, and planned layouts, offering a quieter alternative to the more commercialized parts of eastern Bengaluru. The locality benefits from strong neighborhood connectivity, with access to major roads like Old Airport Road and KR Puram Road, linking it to central and eastern parts of the city. While Hal itself is not a major commercial hub, it is surrounded by well-developed localities such as Jeevan Bima Nagar, HAL 3rd Stage, and Mahadevapura, which provide essential retail, healthcare, and educational infrastructure. Its location supports a largely middle- to upper-middle-class residential demographic. Real estate in Hal remains relatively stable, with limited new launches—only one major project reported recently—reflecting the mature nature of the area. Property demand is driven by proximity to employment centers like ISRO, DRDO, and IT parks in Marathahalli and Whitefield. Despite minimal new construction, Hal continues to attract buyers seeking established neighborhoods with good civic connectivity and community living.

Avg. Rate

4,354/sq. ft

Locality Rating

7.3/10

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Bhoomi Reddy Colony

Bhoomi Reddy Colony is a residential neighborhood situated in New Tippasandra, part of the Bengaluru East Zone in Karnataka. It falls under the postal code 560075 and is nestled among several established residential pockets, contributing to its growing recognition as a convenient locality within eastern Bengaluru. Though primarily composed of independent homes and smaller housing clusters, the area has seen gradual urbanization over the past decade due to its proximity to major employment hubs and arterial roads. The locality benefits from its closeness to key sectors such as HAL 3rd Stage, Jeevan Bima Nagar, and Geethanjali Layout, which provide access to essential amenities including schools, healthcare centers, and retail markets. While Bhoomi Reddy Colony itself does not host large-scale real estate developments or high-rise apartments, it appeals to buyers seeking affordable housing options in a relatively peaceful environment within the city's eastern corridor. Connectivity is a major strength, with proximity to Old Airport Road and the Outer Ring Road (ORR) enabling smooth commutes to IT hubs like Marathahalli, Whitefield, and Koramangala. Despite limited infrastructure upgrades directly within the colony, its integration with the broader New Tippasandra planning framework ensures gradual improvements in road networks, drainage, and civic services, making it a locality of emerging interest for end-use homeowners.

Avg. Rate

4,025/sq. ft

Locality Rating

6/10

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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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