New Launch - India Real Estate Report 2026.

New Timberyard Layout

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Avg. Rate

₹ 4,086/sq. ft

Locality rating icon

Locality Rating

4/10

New Timberyard Layout is a well-established residential neighborhood situated in the Banashankari region of Bengaluru West Zone, bearing the PIN code 560026. Originally developed as an extension to the older Timberyard settlement, this locality has evolved into a sought-after address due to its strategic location and steady urban development. It lies in close proximity to major residential hubs such as Banashankari 3rd Stage, Girinagar, and Gavipuram Extension, making it a part of one of South Bangalore’s most connected residential corridors. The area features a mix of independent homes, apartments, and plotted developments, catering to middle- and upper-middle-class homebuyers. While there are no large-scale ongoing real estate projects currently listed, the demand remains steady due to its accessibility and mature infrastructure. Property transactions are mostly in the resale segment, with pricing influenced by proximity to key roads and public transport links. New Timberyard Layout benefits from its integration with the broader Banashankari township, which offers a wide range of civic amenities, educational institutions, and healthcare facilities. Its connectivity to IT hubs via Mysore Road and Kanakapura Road adds to its appeal, especially for professionals working in South and West Bangalore. Over the years, it has developed into a peaceful, family-friendly neighborhood with a strong community presence.

Region

Banashankari

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560026

Population

20,000

Nearest Airport

Kempegowda International Airport (BLR)

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The Good

Excellent connectivity to major employment hubs via Mysore Road and Kanakapura Road

Proximity to reputed schools, hospitals, and shopping centers in Banashankari and Girinagar

Established residential area with a peaceful, community-oriented environment

Locality price index icon

The Bad

Limited new real estate developments and housing options

Moderate traffic congestion during peak hours on access roads

Aurum Price Index for New timberyard layout

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

₹ 4,086/sq. ft

Average Price Range

₹ 1,800 – 9,130

Trend (5Y)

▲ 79.9%

Nearby Neighborhoods

Raghavendra Block

Raghavendra Block is a well-established residential neighborhood located in the Banashankari 3rd Stage, part of the larger Banashankari suburb in Bengaluru West Zone. With a PIN code of 560050, it is strategically situated near major residential hubs such as Markandeya Layout, Avalahalli, and Girinagar, offering a blend of suburban tranquility and urban accessibility. The area has evolved over decades as a middle-class residential hub, characterized by independent homes, smaller apartment complexes, and a strong community presence. Although Raghavendra Block does not currently host any large-scale real estate developments, it remains a sought-after locality due to its proximity to key infrastructure and connectivity points. Residents benefit from easy access to major roads like Mysore Road and the Outer Ring Road, as well as nearby commercial centers in Jayanagar and JP Nagar. The absence of high-rise projects has preserved the area’s low-density, neighborhood-centric character. The locality is well integrated into Bengaluru’s urban fabric, with essential amenities such as schools, healthcare centers, and markets located within a short distance. Public transport options, including city buses and the upcoming Metro connectivity, enhance its appeal. While property price data is not widely tracked, the area is known for relatively affordable housing compared to newer suburbs, making it a practical choice for homebuyers seeking value and stability.

Avg. Rate

₹ 4,285/sq. ft

Locality Rating

4/10

Explore Neighbourhood

Srinagar

Srinagar is a well-established residential locality situated in the Banashankari area of Bengaluru West Zone, known for its peaceful environment and strong community presence. With a PIN code of 560050, it forms part of the southern quadrant of Bengaluru and lies in close proximity to key areas like Girinagar, Banashankari 3rd Stage, and Avalahalli. The locality has evolved over decades, retaining a traditional residential character while benefiting from the urban expansion of South Bengaluru. Srinagar offers a mix of independent homes and smaller apartment complexes, appealing to middle- and upper-middle-class families seeking affordable yet convenient living options. Though there are currently no large-scale real estate developments underway, the area remains popular due to its accessibility and neighborhood stability. Property demand is steady, driven by proximity to commercial hubs and essential amenities. Connectivity is a major strength, with easy access to Mysore Road, Kanakapura Road, and the Outer Ring Road via nearby localities. The area is well-linked to IT corridors like BTM Layout and Electronics City, making it suitable for professionals. Schools, temples, grocery markets, and healthcare centers are within walking or short driving distance, enhancing day-to-day convenience for residents.

Avg. Rate

₹ 3,854/sq. ft

Locality Rating

4.9/10

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Telecom Colony

Telecom Colony is a well-established residential locality situated in the Banashankari 3rd Stage, falling under the Bengaluru West Zone. It is part of the larger Banashankari neighborhood and shares the PIN code 560026, serving several adjacent areas including Markandeya Layout and Ambedkar Nagar. Developed primarily to house employees of telecommunications departments and associated government sectors, the area reflects a planned layout with tree-lined streets and modest infrastructure, contributing to its enduring residential appeal. The locality is surrounded by prominent neighborhoods such as Hosakerehalli, Avalahalli, and Banashankari 1st Stage, offering easy access to major city hubs. While it does not host large-scale commercial developments, Telecom Colony benefits from proximity to key roads like Mysore Road and Kanakapura Road, ensuring smooth connectivity. Real estate here is predominantly composed of independent homes and older apartment complexes, with limited new projects, making it a relatively quiet and stable residential pocket. Residents enjoy access to essential amenities through nearby areas like Girinagar and Ashok Nagar, which offer schools, markets, and healthcare facilities. The area’s real estate remains affordable compared to newer parts of Bengaluru, attracting middle-income families and long-term tenants. Despite minimal high-rise development, Telecom Colony maintains a peaceful, community-oriented environment, ideal for those seeking a quieter life within the bustling city.

Avg. Rate

₹ 4,588/sq. ft

Locality Rating

4.6/10

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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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