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State Bank of India Colony

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Avg. Rate

₹ 3,922/sq. ft

Locality rating icon

Locality Rating

4/10

State Bank of India Colony is a well-established residential locality situated in the Bengaluru West Zone, falling under the Pincode 560091. Originally developed to house employees of the State Bank of India and associated institutions, the colony retains a planned layout with tree-lined avenues and a peaceful residential character. Over time, it has evolved into a sought-after neighborhood due to its strategic location near major employment hubs and civic infrastructure. The area is primarily composed of independent homes and bank employee residences, with limited but steady real estate activity. Located close to key localities such as Kumaraswamy Layout, Deepanjali Nagar, and Attiguppe, State Bank of India Colony benefits from proximity to commercial centers, educational institutions, and healthcare facilities. The region is well-connected via major roads including Mysore Road and Kanakapura Road, enabling easy access to central Bangalore and the southern suburbs. Public transport options, including BMTC buses, serve the area extensively, while the upcoming Namma Metro connectivity is expected to enhance its appeal further. The colony enjoys a mature urban setting with established civic amenities, green spaces, and community-driven living. Despite rapid urbanization in surrounding areas, State Bank of India Colony maintains a relatively quiet and secure environment, making it ideal for families and retirees. Real estate here is limited in supply, with minimal new developments, contributing to stable property values and niche demand among banking professionals and long-term residents.

Region

Bengaluru

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560091

Population

9,000

Nearest Airport

Kempegowda International Airport (BLR)

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The Good

Offers a secure and close-knit community environment, ideal for families and retirees.

Strategic location near major roads ensures good connectivity to employment and commercial hubs.

Mature neighborhood with established schools, markets, and healthcare facilities within short distance.

Locality price index icon

The Bad

Limited real estate supply and few new developments restrict buyer options.

Lack of direct metro access may affect future appreciation compared to metro-proximate areas.

Aurum Price Index for State bank of india 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

₹ 3,922/sq. ft

Average Price Range

₹ 1,800 – 8,543

Trend (5Y)

▲ 76.6%

Nearby Neighborhoods

Hegganahalli Cross

Hegganahalli Cross is a residential locality situated within the State Bank of India Colony in the Bengaluru West Zone, known for its peaceful residential environment and proximity to key employment hubs. It falls under the 560091 postal code and is surrounded by well-established neighborhoods such as Lakshman Nagar, Nagarahole Nagar, and Mariyappa Extension. Though primarily a residential pocket, it benefits from its integration with the larger urban fabric of western Bangalore, offering access to essential civic infrastructure and transport networks. The area is largely composed of independent homes and plotted developments, with minimal high-rise construction, reflecting its semi-suburban character. Real estate activity in Hegganahalli Cross remains limited, with no major ongoing residential projects reported, making it a low-density zone compared to rapidly developing parts of the city. Property values are relatively moderate, appealing to homebuyers seeking quieter, affordable localities within commuting distance of IT corridors. Connectivity is facilitated through major roads like Hennur-Bagalur Road and Outer Ring Road, linking it to IT hubs in Marathahalli, Hebbal, and Manyata Tech Park. While the area lacks a direct metro presence, its accessibility to upcoming transport infrastructure and proximity to schools, markets, and healthcare centers contribute to its livability. Hegganahalli Cross continues to evolve gradually, balancing residential tranquility with urban convenience.

Avg. Rate

₹ 3,417/sq. ft

Locality Rating

4/10

Explore Neighbourhood

Lakshman Nagar

Lakshman Nagar is a residential locality situated within the State Bank of India Colony in the Bengaluru West Zone, known for its peaceful residential environment and proximity to key urban centers. It falls under the postal code 560091 and is surrounded by well-established neighborhoods such as Nagarahole Nagar, Mariyappa Extension, and Hegganahalli Cross. Though primarily a low-rise residential area, it benefits from its integration into the larger SBI Colony infrastructure, which supports essential civic amenities and services. The locality offers easy access to major roads like Hennur Main Road and Outer Ring Road (ORR), enabling smooth connectivity to IT hubs in Whitefield, Manyata Tech Park, and Hebbal. While there are no large-scale real estate developments currently underway, the area attracts homebuyers seeking affordable housing options away from the city’s congestion. Its real estate market is largely composed of independent homes and resale plots, with limited high-rise apartment projects. Lakshman Nagar is well-integrated into the urban fabric of North Bengaluru, with access to schools, hospitals, and local markets within a short radius. The area is witnessing gradual development due to infrastructural upgrades and improved road networks. Its appeal lies in its quiet residential character, making it suitable for families and retirees looking for a balanced lifestyle within reach of the city’s core.

Avg. Rate

₹ 3,667/sq. ft

Locality Rating

4/10

Explore Neighbourhood

Nagarahole Nagar

Nagarahole Nagar is a residential locality situated within the State Bank of India Colony in the Bengaluru West Zone, known for its peaceful residential environment and proximity to key employment hubs. With a PIN code of 560091, it forms part of the larger Peenya industrial and residential belt, offering a mix of independent homes and small-scale housing developments. Though not a major real estate hotspot, the area attracts middle-income homebuyers seeking affordable options away from central Bengaluru’s congestion. Its location provides access to major roads like the Tumakuru Road and the Outer Ring Road, enhancing connectivity. The locality is surrounded by established neighborhoods such as Mariyappa Extension, Lakshman Nagar 1st Stage, Nagaravale Nagar, and Hegganahalli Cross, contributing to a well-integrated urban fabric. While there are no large-scale residential projects currently underway, the demand remains steady due to the area’s affordability and accessibility. Residents benefit from proximity to essential civic amenities, including schools, markets, and healthcare centers located within a short distance. Nagarahole Nagar’s real estate market is primarily composed of resale properties and older constructions, with limited new developments reported. The absence of high-rise apartments or luxury complexes keeps the cost of living relatively moderate. However, infrastructure upgrades in the Peenya region, including proposed metro extensions and road expansions, could influence future growth and property values in this locality.

Avg. Rate

₹ 3,879/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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