New Launch - India Real Estate Report 2026.

Old Bank Colony

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Avg. Rate

4,270/sq. ft

Locality rating icon

Locality Rating

4.1/10

Old Bank Colony is a well-established residential locality situated in Konanakunte, under the Bengaluru South Zone. Developed originally to house employees of a nationalized bank, the area retains a peaceful, community-oriented atmosphere and is known for its quiet lanes and tree-lined streets. The locality falls under the PIN code 560062 and is surrounded by several planned residential layouts such as Doctors Colony, Narayana Nagar, and Soudamini Layout, contributing to its steady growth as a residential hub. Though Old Bank Colony does not host large-scale real estate projects currently, it remains a preferred choice for homebuyers seeking affordable housing with good connectivity. The area features primarily independent homes and older apartment complexes, with property transactions occurring largely in the resale market. Its proximity to major tech corridors and educational institutions enhances its appeal among middle-income families and working professionals. The locality benefits from access to essential civic infrastructure, including water supply, electricity, and drainage systems, supported by BBMP governance. While rapid urbanization in nearby areas like Doddakallasandra and Hulimavu has led to increased demand, Old Bank Colony maintains a relatively low-density residential character. Its strategic location near key roads ensures ease of commute, making it a practical choice for those seeking a balance between affordability and accessibility in South Bangalore.

Region

Konanakunte

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560062

Population

9,000

Nearest Airport

Kempegowda International Airport (BLR)

Neighbourhood Insights byPulse AI Logo

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The Good

Well-connected to major employment centers via Hosur Road and Bannerghatta Road

Close to reputed schools like Delhi Public School Bangalore South and National Public School

Access to healthcare facilities such as Columbia Asia Hospital and Apollo Clinic

Locality price index icon

The Bad

Limited metro connectivity with nearest station over 5 km away

Sparse availability of modern shopping malls and entertainment centers

Rajnandani Hospital, Bangalore#3, 6 th Cross, Old Bank Colony, Konanakunte

Aurum Price Index for Old bank 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

4,270/sq. ft

Average Price Range

1,8009,799

Trend (5Y)

83.9%

Nearby Neighborhoods

New Bank Colony

New Bank Colony is a well-established residential locality situated in the Konanakunte area of Bengaluru South Zone, bearing the PIN code 560062. Originally developed to house bank employees, the area has evolved into a sought-after residential pocket known for its peaceful environment and strong community presence. It lies close to the bustling Kanakapura Road (NH 948), offering smooth access to central and southern parts of Bengaluru. The locality is surrounded by several planned layouts and residential colonies, contributing to its organized urban structure. Despite the absence of large-scale real estate projects, New Bank Colony features a mix of independent homes, duplexes, and smaller apartment complexes, appealing to families and professionals seeking a quieter lifestyle without being too far from city conveniences. Property transactions here are primarily in the resale segment, with pricing influenced by proximity to key infrastructure and major road networks. The area benefits from its integration with the larger Konanakunte ecosystem, which has seen steady development in recent years. Residents enjoy access to essential amenities including schools, healthcare centers, and grocery hubs within a short radius. Its adjacency to Doddakallasandra and layouts like Soudamini and Munireddy Layout enhances connectivity and service availability. While public transport options are functional, the area is largely vehicle-dependent, making it ideal for those with private transport. New Bank Colony remains a stable, low-profile residential choice in South Bengaluru’s expanding suburban landscape.

Avg. Rate

4,231/sq. ft

Locality Rating

4.3/10

Explore Neighbourhood

Bank Colony

Bank Colony is a well-established residential locality situated in Konanakunte, under the Bengaluru South Zone, with the PIN code 560062. Originally developed to house banking professionals, the area has evolved into a sought-after residential pocket known for its peaceful environment and community-centric living. Over time, it has expanded into adjacent areas like Old Bank Colony, New Bank Colony, and PNB Layout, reflecting steady organic growth. The locality is primarily composed of independent homes and small apartment complexes, with limited high-rise developments. Strategically located, Bank Colony benefits from proximity to major IT hubs such as HSR Layout, Electronic City, and BTM Layout, making it convenient for professionals working in the southern part of Bengaluru. The area enjoys access to essential civic infrastructure, including reliable water and electricity supply, and is surrounded by several educational institutions and healthcare centers. Although real estate development has been moderate, with no large-scale ongoing projects, property demand remains stable due to its reputation for safety and accessibility. The neighborhood is well-integrated with surrounding localities such as Doddakallasandra, Munireddy Layout, and Soudamini Layout, contributing to a cohesive residential fabric. Residents benefit from nearby markets, parks, and community centers that enhance day-to-day convenience. While the area lacks metro connectivity at present, road networks provide efficient access to key arterial roads, supporting smooth commutes across the city. Bank Colony continues to attract homebuyers seeking a balanced lifestyle within the southern suburbs of Bengaluru.

Avg. Rate

3,995/sq. ft

Locality Rating

4.3/10

Explore Neighbourhood

Srinidhi Layout

Srinidhi Layout is a residential neighborhood located within the well-established J. P. Nagar in the Bengaluru South Zone, known for its peaceful residential environment and proximity to key city amenities. Developed primarily in the late 1990s and early 2000s, it forms part of the larger Master Plan layout system of Bangalore, offering structured streets and a mix of independent homes and smaller apartment complexes. The area falls under Pincode 560078 and is governed by BBMP, benefiting from its integration into one of Bangalore’s most sought-after southern suburbs. Situated close to major roads like Mysore Road and Kanakapura Road, Srinidhi Layout enjoys strong connectivity to central business districts such as Jayanagar, Koramangala, and Electronic City. While it does not host large-scale real estate projects, the locality is home to a steady residential population, with properties primarily consisting of 2BHK and 3BHK homes on individual plots. The real estate here is largely secondary market-driven, with limited new developments. The surrounding neighborhoods include Muneshwara Block, Shri Krishna Nagar, Maruthi Nagar, and RBI Layout, which contribute to a close-knit community feel. Basic civic infrastructure is in place, with access to water, electricity, and underground drainage, though some lanes remain narrow. Srinidhi Layout is ideal for homebuyers seeking a quieter lifestyle within reach of urban conveniences in South Bangalore.

Avg. Rate

4,324/sq. ft

Locality Rating

4/10

Explore Neighbourhood

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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