Avg. Rate
₹ 3,605/sq. ft
Locality Rating
5/10
Michael Palaya is a residential locality situated in the New Tippasandra area of Bengaluru East Zone, falling under the PIN code 560038. Historically a peripheral settlement, it has gradually evolved into a well-connected urban pocket due to Bengaluru's eastward expansion. The area is primarily composed of independent homes, layout developments, and small-scale housing projects, attracting middle-income families and working professionals seeking affordable living options near major employment hubs. While Michael Palaya does not host large commercial complexes or IT parks within its boundaries, its proximity to key areas like HAL 3rd Stage, Indiranagar, and KR Puram enhances its appeal. Residents benefit from access to major roads such as Old Madras Road and the Outer Ring Road, enabling relatively smooth commutes across the city. Public transport options, including city buses and nearby rail connectivity, further support daily mobility. The real estate market in Michael Palaya remains largely underdeveloped in terms of large-scale projects, with no major residential developments currently underway. Property transactions are mostly in the secondary market, with demand driven by affordability and locational convenience. As infrastructure improves and the city continues to expand eastward, Michael Palaya is gradually gaining attention as a potential value-for-money residential option in East Bangalore.
Region
New Tippasandra
City
Bengaluru
District
Bengaluru Urban
State
Karnataka
Pincode
560038
Population
10,000
Nearest Airport
Kempegowda International Airport (BLR)
Offers budget-friendly independent homes compared to central Bangalore localities
Well-connected to employment zones like Indiranagar and Marathahalli via Old Madras Road
Close to essential civic infrastructure including schools, clinics, and local markets
Lacks metro connectivity and direct access to Namma Metro
Limited organized real estate development and modern apartment projects
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
₹ 3,605/sq. ft
Average Price Range
₹ 1,800 – 7,218
Trend (5Y)
▲ 61.1%
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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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