Best Places to Buy a Flat in Bangalore
Besides being India’s start-up capital, Bangalore is one of the country’s biggest real estate markets. A pleasant weather, remarkable history and endless growth opportunities attract thousands of homebuyers to this city annually. Today, we list some of the top areas where home seekers can conveniently find flats for sale in Bangalore. From premium housing to professional connectivity, these places offer exceptional living experiences. Take a look at the best places to buy a flat in Bangalore below:
Thanisandra Main Road
Thanisandra Main Road is located in the northern part of the city. Home seekers looking for flats for sale in Bangalore can find a variety of choices across budgets and preferences. These offer features like prime locations, gated communities, reputed builders and more. The easy availability of schools and hospitals makes Thanisandra Main Road a highly family-friendly location. Connecting the Outer Ring Road to the Kempegowda International Airport is also preferred among working professionals. Some highlighting attractions in Thanisandra Main Road include the Manyata Tech Park, the Elements Mall and the upcoming Nagawara Metro Station.
Whitefield
Located in the east of Bangalore, Whitefield is one of Bangalore’s most popular locations. It is known as the city’s foremost IT hub, with a world-class infrastructure and exciting growth opportunities. It offers a wide range of flats for sale in Bangalore. Known for their premium character, flats in Whitefield offer features like spacious living, professional connectivity and more. The State Highway 35 and the Whitefield Metro Station are easily accessible. Whitefield's top business hubs include International Tech Park Bangalore (ITPB), Brigade Tech Park and Mind Comp Tech Park. Residents also enjoy popular leisure facilities like Phoenix Marketcity and VR Bengaluru.
Kanakapura Road
Kanakapura Road is located in the south of Bangalore and is much greener than some of the other popular parts of the city. The locality provides some of the best flats for sale in Bangalore, offering residents a comfortable and affordable lifestyle. The Kanakapura Road is located on NH-948, allowing quick connectivity to Kanakapura and Bangalore. Additionally, it enjoys easy access to the NICE Road, connecting to major areas like Electronic City, Mysore Road, Bannerghatta Road, and Tumkur Road. Flats for sale in Kanakapura Road are available in different sizes and budgets. Some of the landmark facilities in the locality include the Art of Living International Centre and Turahalli Forest.
Binnipete
Binnipete enjoys a central location and offers multiple flats for sale in Bangalore. The locality especially stands out for its transport infrastructure. Residents get easy access to the NH-275, NH-75 and the Outer Ring Road. Further, the Magadi Road Metro Station, Kempegowda Bus Station and Bangalore City Railway Station are also closely located. Binnipete is also connected to key locations like Majestic, Rajajinagar and Malleshwaram. These facilities make Binnipete one of the most accessible and well-connected places to live in Bangalore.
JP Nagar
JP Nagar, located in the southern part of the city, offers numerous flats for sale in Bangalore. The locality is known primarily for its lush greenery, wide roads, and well-planned infrastructure. JP Nagar enjoys ready connectivity to NH-48, Bannerghatta Main Road and the JP Nagar Metro Station. Some of Bangalore’s top business parks, like Novel Business Park and Khykha Business Park, are easily accessible from JP Nagar. Further, renowned recreational facilities like Ranga Shankara Theatre, JP Nagar Central Mall and Gopalan Innovation Mall provide an all-round life in this locality.
About Bangalore
Bangalore is the capital city of Karnataka. Fondly referred to as India’s Silicon Valley, it is one of the most modern metropolises in the country. With its gigantic tech revolution, Bangalore has been home to India’s biggest pathbreakers, including Infosys, Wipro, TCS, Flipkart, and others. Apart from its booming IT sector, the city is widely known for its pleasant weather and royal heritage. It is home to prominent landmarks like the Cubbon Park, Lalbagh Botanical Garden and Tipu Sultan's Summer Palace.
Modern-day Bangalore is a cultural melting pot of diverse traditions, languages, cuisines, and people. With a thriving cultural scene and a burgeoning startup ecosystem, Bangalore is among the top cities in India today. Take a look at some of its key highlights below:
| Bangalore’s Key Highlights |
| State | Karnataka |
| Metropolis Area | 741 sq. km. |
| Metro Area | 8,005 sq. km. |
| Population | 96,21,551 (2011 Census) |
| GDP (PPP) | $300 billion |
| Official Language | Kannada |
| Municipal Body | Bruhat Bengaluru Mahanagara Palike (BBMP)https://www.bbmp.gov.in/home |
Current Circle Rate in Bangalore
The circle rate is the minimum value the government sets for property transactions in a given area. It acts as a benchmark for real estate transactions in the region, ensuring that properties are not undervalued. The circle rate, also known as the guidance value, is determined by the Department of Stamps & Registration in Bangalore. This rate varies across different localities based on factors such as location, infrastructure, and amenities.
Stamp Duty & Property Registration Charges in Bangalore
The stamp duty and the registration charge are the mandatory fees levied by the state government on property transactions. The stamp duty is a tax calculated as a percentage of the property's sale or guidance value, whichever is higher. On the other hand, the registration charge is an additional fee required to officially record the property transaction in the government's records. The prevailing rates in Bangalore are as follows:
| Property Value (₹) | Stamp Duty | Registration Charges |
| Up to 20 lakh | 2% | 1% |
| 21 lakh to 45 lakh | 3% | 1% |
| More than 45 lakh | 5% | 1% |
Bangalore Real Estate Market Trend
Bangalore’s growth as an IT and start-up hub has given a significant boost to its real estate market, and the first quarter of 2024 recorded around 10,380 transacted units in Bangalore. This is a substantial 40% year-on-year growth compared to the Q1 of 2023. However, Bangalore also noted a significant decline in new property additions to the market. Around 10,000 new units were introduced in Q1 2024, 23% less than Q1 2023. These broad trends are further complemented by micro developments, such as the rise in demand for luxury developments and sustainable living.
Positive growth signs like these have been prevalent in Bangalore’s real estate market for quite a few years now. Knight Frank’s Asia-Pacific Outlook 2023 ranked Bangalore as the second-best residential market out of a sample size of 24 cities. Reports have forecasted a 5%-12% annual jump in Bangalore’s property prices in 2024. Additionally, the city boasts a rental yield of 5%-7% on average. These trends highlight a highly positive real estate market health and make room for high investor confidence.
Property Tax in Bangalore
Every property owner, commercial or residential, is legally bound to pay a property tax in India. This tax is collected by the Bruhat Bengaluru Mahanagara Palike (BBMP) and is used to ensure the smooth provision of civic services in the city. The property tax computation in Bangalore follows the Unit Area Value (UAV) system. Bangalore is divided into six municipal zones based on the guidance value assigned by the Department of Stamps and Registration. Property tax is levied at different rates in different zones. Take a look at the prevailing property tax rates in the city:
Residential Properties
The property tax rates in the city for residential properties are given below:
| Zone | Tenanted Properties (per sq. ft.) | Self-Occupied Properties (per sq. ft.) |
| A | Rs. 5 | Rs. 2.50 |
| B | Rs. 4 | Rs. 2 |
| C | Rs. 3.60 | Rs. 1.80 |
| D | Rs. 3.20 | Rs. 1.60 |
| E | Rs. 2.40 | Rs. 1.20 |
| F | Rs. 2 | Rs. 1 |
Commercial Properties
The property tax rates in the city for commercial properties are given below:
| Zone | Tenanted Properties (per sq. ft.) | Self-Occupied Properties (per sq. ft.) |
| A | Rs. 20 | Rs. 10 |
| B | Rs. 14 | Rs. 7 |
| C | Rs. 10 | Rs. 5 |
| D | Rs. 8 | Rs. 4 |
| E | Rs. 6 | Rs. 3 |
| F | Rs. 3 | Rs. 1.50 |
FAQ's
Can I find some low-budget flats for sale in Bangalore?
Areas like Thanisandra Main Road, Kanakapura, and Binnipete offer multiple choices for low-budget flats for sale.
Are there fully furnished flats for sale in Bangalore?
Numerous furnished flats are for sale in localities such as Thanisandra Main Road, JP Nagar, Whitefield, Kanakapura, and Binnipete.
Which localities are popular for offering flats for sale in Bangalore?
Thanisandra Main Road, JP Nagar, Whitefield, Kanakapura and Binnipete are famous localities that offer multiple flats for sale in Bangalore.
How can I find a flat for sale without brokerage in Bangalore?
Square Yards offers a wide range of houses for sale without any brokerage in Bangalore. Visit our official website and search for your dream home across Bangalore’s best localities.
Which are some popular society flats for sale in Bangalore?
Areas like Whitefield, JP Nagar, and Thanisandra Main Road are home to some of Bangalore’s top societies. Some examples include Prestige Lakeside Habitat, Brigade Millennium, and Sobha City.
Which are the cheapest areas in Bangalore to rent a flat?
Binnipete, Kanakapura, and parts of Thanisandra Main Road offer affordable rental options that provide high value for money.
