New Launch - India Real Estate Report 2026.

Murphy Town

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Avg. Rate

3,853/sq. ft

Locality rating icon

Locality Rating

4.5/10

Murphy Town is a well-established residential locality situated in Halasuru, part of Bengaluru East Zone, known for its peaceful environs and proximity to key urban amenities. With a PIN code of 560008, it lies close to Ulsoor Lake and is surrounded by several well-planned layouts such as Someshwarpura, Jayaraj Nagar, and Cambridge Layout, contributing to its residential appeal. Historically developed as a quiet residential pocket, Murphy Town has retained its charm despite increasing urbanization pressures from nearby commercial hubs. The area features a mix of independent houses, older apartment complexes, and residential colonies, offering a relatively serene lifestyle compared to busier parts of central Bengaluru. Though not a major real estate hotspot, property demand remains steady due to its connectivity and access to essential infrastructure. There are currently no large-scale ongoing residential projects, indicating a mature, fully developed neighborhood. Murphy Town benefits from its strategic location near major arterial roads and proximity to central business districts like Indiranagar and Richmond Town. Its residents enjoy easy access to schools, hospitals, and markets, while the presence of tree-lined streets and nearby green spaces adds to its livability. However, like many older localities in Bengaluru, it faces challenges related to traffic congestion and limited road expansion potential.

Region

Halasuru

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560008

Population

20,000

Schools

1

Nearest Airport

Kempegowda International Airport (BLR)

Neighbourhood Insights byPulse AI Logo

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The Good

Excellent connectivity to major employment hubs via Old Airport Road and CMH Road

Abundance of reputed schools and healthcare centers within 2 km radius

Peaceful, community-oriented living with minimal commercial intrusion

Locality price index icon

The Bad

Limited real estate inventory and no new developments

Road congestion during peak hours due to narrow streets

Ramakrishna Math Charitable DispensaryNear Murphy Town, Halasuru, Bengaluru East Zone, Bengaluru

Aurum Price Index for Murphy town

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

3,853/sq. ft

Average Price Range

1,8008,226

Trend (5Y)

72.3%

Nearby Neighborhoods

Bengaluru Central Zone

Bengaluru Central Zone refers to the core urban area of Bangalore, encompassing key neighborhoods around the city's central business district. Historically, this zone has been the administrative and commercial heart of the city, housing government institutions, major corporate offices, and heritage landmarks. Its central location makes it a pivotal hub for transportation, commerce, and civic life in Bengaluru. The real estate market in Bengaluru Central Zone is characterized by a mix of premium residential apartments, luxury villas, and high-rise developments, with an average 2BHK property priced at ₹1.23 Crore and average price per square foot at ₹16,638. With 26 active residential projects, the zone attracts both end-users and investors seeking proximity to business districts and city amenities. Demand remains strong due to limited land availability and high occupancy rates. Connectivity is a major strength, with arterial roads like MG Road, Brigade Road, and Residency Road ensuring seamless access across the city. The zone is well-served by public transport, including the Namma Metro’s Purple and Green Lines, and is surrounded by key infrastructure such as top-tier hospitals, international schools, and shopping centers. Despite challenges like congestion and high living costs, its central location and urban vibrancy continue to make it one of Bengaluru’s most sought-after residential and commercial zones.

Avg. Rate

5,058/sq. ft

Locality Rating

8.3/10

Explore Neighbourhood

Corporation Colony

Corporation Colony is a well-established residential locality situated in Halasuru, under the Bengaluru East Zone, with the PIN code 560008. Nestled close to the historic Ulsoor Lake, it forms part of Bangalore's central-eastern urban fabric, offering a blend of traditional charm and modern convenience. The area is primarily composed of independent homes and older apartment complexes, reflecting its long-standing residential character. Though not a major real estate hotspot, it attracts homebuyers seeking central locations with good connectivity. The locality is surrounded by several prominent neighborhoods such as Murphy Town, Ulsoor, Someshwarpura, and Cambridge Layout, contributing to its integrated urban setting. Essential civic infrastructure and municipal services are well-supported due to its association with the Bruhat Bengaluru Mahanagara Palike (BBMP). While new development projects are limited, the area maintains steady demand owing to proximity to commercial hubs like Indiranagar and MG Road. Its real estate market remains relatively stable with moderate transaction volumes. Residents benefit from easy access to key transportation arteries, educational institutions, and healthcare facilities. The presence of green spaces like Ulsoor Lake enhances the environmental appeal, while markets in nearby areas ensure daily convenience. Corporation Colony offers a balanced lifestyle for middle to upper-middle-income families seeking a peaceful yet well-connected neighborhood in central Bangalore.

Avg. Rate

3,741/sq. ft

Locality Rating

4/10

Explore Neighbourhood

laksmipuram

Laksmipuram is a well-established residential locality situated within the prime Indiranagar region in the eastern part of Bengaluru, falling under the Bengaluru East Zone. It shares the prestigious 560038 PIN code with other parts of Indiranagar and is nestled amidst some of the city’s most sought-after neighborhoods. Though compact in size, Laksmipuram benefits from its strategic location, offering residents proximity to commercial hubs, tech parks, and premium lifestyle amenities. The area has evolved from a quiet residential pocket into a high-demand locality due to its integration with Indiranagar’s urban fabric. The locality is surrounded by prominent neighborhoods such as Indira Nagar 1st and 2nd Stages, Defence Colony, HAL 2nd Stage, Kalyan Nagar, and Hoysala Nagar, enhancing its connectivity and accessibility. While Laksmipuram itself does not host large-scale real estate developments, it features a mix of independent homes, older apartment complexes, and redevelopment projects catering to mid to high-income groups. Its real estate market is influenced heavily by Indiranagar’s premium pricing trends, despite limited new project launches within the immediate vicinity. Residents enjoy easy access to major roads, educational institutions, healthcare centers, and entertainment options, making Laksmipuram a convenient urban living choice. The area is also close to the Indiranagar Metro Station, adding to its appeal for professionals and families. Though not a commercial hub itself, Laksmipuram thrives on the infrastructure and vibrancy of its surroundings, offering a balanced lifestyle within one of Bengaluru’s most iconic localities.

Avg. Rate

4,081/sq. ft

Locality Rating

4.9/10

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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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