Avg. Rate
₹ 7,461.25/sq. ft
Locality Rating
4.1/10
Peenya III Phase is a well-established residential and industrial locality situated in the northern part of Bangalore, within the Bengaluru East Zone. It forms part of the larger Peenya industrial and residential belt, known for its mix of light manufacturing units and worker housing. The area shares a PIN code of 560058 and is closely integrated with adjacent phases and layouts such as Peenya II Phase, Peenya 1st Stage, and KIADB Housing Complex. Its strategic location near major industrial zones has historically driven demand for affordable housing. The locality is primarily composed of independent homes, budget housing complexes, and layouts developed by government and private entities, including GKW Layout and SRS Layout. While large-scale real estate projects are limited, the area attracts tenants and investors due to its affordability and proximity to employment hubs. Basic civic infrastructure is present, though development is uneven compared to newer parts of the city. Connectivity is a key strength of Peenya III Phase, with easy access to Yeshwanthpur, Tumakuru Road, and the Outer Ring Road via Peenya Industrial Area. The upcoming Metro expansion and existing railway link enhance its accessibility. Despite industrial encroachment, efforts to improve sanitation, drainage, and community facilities continue, shaping a transitional urban character blending residential and industrial lifestyles.
Region
Peenya
City
Bengaluru
District
Bengaluru
State
Karnataka
Pincode
560058
Population
Estimated population of Peenya III Phase and surrounding clusters is between 25,000 and 30,000 based on 2011 Census and ward-level projections.
Nearest Airport
Kempegowda International Airport (BLR)
Excellent connectivity to industrial and commercial hubs
High rental yield due to workforce housing demand
Established residential pockets with community infrastructure
Industrial pollution and noise in parts of the area
Limited premium real estate and modern apartment projects
Timeline
Average Rate
₹ 7,461.25/sq. ft
Average Price Range
₹ 1,800 – ₹ 9,150
Trend (5Y)
▲ 80.2%
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