New Launch - India Real Estate Report 2026.

Defence Colony

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Avg. Rate

3,758/sq. ft

Locality rating icon

Locality Rating

7.5/10

Defence Colony is a well-established residential enclave located within the prime Indiranagar locality of Bengaluru East Zone, bearing the PIN code 560038. Originally developed to house defence personnel and their families, the area has evolved into a sought-after address due to its strategic location and peaceful environment. Over time, it has retained its quiet, community-oriented character while remaining in close proximity to the bustling commercial and lifestyle hubs of Indiranagar and HAL. Situated just off Old Airport Road, Defence Colony enjoys seamless connectivity to key parts of the city, including MG Road, Koramangala, and Whitefield. The locality features a mix of independent homes, gated communities, and a few modern apartments, with real estate demand driven by its premium location and established infrastructure. Despite limited new developments, property values remain strong due to scarcity of land and high demand from both end-users and investors. Residents benefit from easy access to top-tier schools, hospitals, and entertainment options, making it ideal for families and professionals. The area is surrounded by prominent neighborhoods such as Indira Nagar Stages 1 and 2, Kalyan Nagar, and Hoysala Nagar, further enhancing its desirability. With its blend of tranquility and urban convenience, Defence Colony continues to be a prestigious address in East Bengaluru.

Region

Indiranagar

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560038

Population

13,500

Schools

3

Nearest Airport

Kempegowda International Airport (BLR)

Neighbourhood Insights byPulse AI Logo

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The Good

Excellent connectivity to central and eastern Bengaluru via Old Airport Road and Inner Ring Road

Close to reputed institutions like Indus International School, BGS National Public School, and Columbia Asia Hospital

Low noise pollution and secure, family-friendly environment with controlled access

Locality price index icon

The Bad

Limited availability of new real estate projects and land for development

Occasional traffic congestion near Indiranagar metro station and 100 Feet Road

Chinmaya Mission HospitalNear Defence Colony, Indiranagar, Bengaluru East Zone, Bengaluru
CMH HospitalNear Defence Colony, Indiranagar, Bengaluru East Zone, Bengaluru
Indiranagar 6th mainNear Defence Colony, Indiranagar, Bengaluru East Zone, Bengaluru
ThippasandraNear Defence Colony, Indiranagar, Bengaluru East Zone, Bengaluru

Aurum Price Index for Defence 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

3,758/sq. ft

Average Price Range

1,8007,739

Trend (5Y)

64.7%

Nearby Neighborhoods

Indiranagar

Indiranagar, located in the eastern part of Bengaluru, is one of the city's most sought-after residential and lifestyle hubs. Developed initially as a housing colony for Indian Air Force personnel, it has evolved into a cosmopolitan neighborhood known for its vibrant culture, upscale living, and strategic location within Bengaluru East Zone. The area falls under the PIN code 560038 and is well-connected to major tech corridors, making it a favorite among professionals and expatriates. Today, Indiranagar boasts a dynamic mix of independent homes, luxury apartments, and high-end real estate developments. Its proximity to key business districts like Whitefield and IT hubs such as Koramangala and Bellandur has driven consistent demand in the property market. With a limited number of new projects—only one major project currently underway—the area remains highly competitive due to its established infrastructure and premium address value. The locality offers excellent access to entertainment, dining, and retail options, with 100 Feet Road and Commercial Street serving as epicenters of activity. Despite rapid urbanization, Indiranagar retains pockets of greenery and a strong community vibe, supported by nearby parks and civic amenities. It continues to be a benchmark for urban living in East Bangalore.

Avg. Rate

4,049/sq. ft

Locality Rating

7.5/10

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Stage 1

Stage 1, located in the prestigious Indiranagar area of East Bengaluru, is one of the oldest and most established residential pockets in the city. With a PIN code of 560038, it forms the heart of Indiranagar's early development and continues to be a prime address due to its strategic location and well-developed infrastructure. The locality is part of Bengaluru's Central Business District (CBD) extension, offering a blend of heritage homes, independent bungalows, and modern apartments. Historically developed as part of the HAL employee housing, Stage 1 has evolved into a high-demand residential zone, attracting professionals, expatriates, and long-term settlers. Its proximity to commercial hubs like MG Road and Koramangala, coupled with excellent road connectivity via Old Airport Road and Indiranagar 100 Feet Road, enhances its appeal. The area is also well-served by the Bengaluru Metro, making it a preferred choice for urban dwellers. Real estate in Stage 1 is characterized by premium pricing and limited inventory, with most properties being resale units in gated layouts or independent houses. Despite the lack of large-scale new developments, demand remains strong due to the area's reputation for safety, cosmopolitan culture, and access to elite schools and healthcare facilities. The neighborhood continues to attract investors and end-users seeking a blend of tranquility and urban convenience.

Avg. Rate

3,863/sq. ft

Locality Rating

7.5/10

Explore Neighbourhood

Colony New 515

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.

Avg. Rate

3,573/sq. ft

Locality Rating

5/10

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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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