Property Rates in Kannur, Bangalore

The Kannur property market in Bangalore is currently priced at an average asking rate of ₹8,006 per sq ft, reflecting a mixed performance across various segments. Price trends over the past year show considerable volatility; the location's average rate dipped from ₹10,711 per sq ft in March 2025 to ₹9,846 per sq ft by June 2025, before recovering to ₹11,149 per sq ft by December 2025. This indicates a market that, while experiencing short-term adjustments, can also demonstrate periods of strong rebound. Analyzing the surrounding areas reveals a diverse pricing spectrum. While Kannur itself maintains a mid-range average, nearby Hegde Nagar stands out with a significantly higher average of ₹18,699 per sq ft, coupled with an impressive 148.39% increase. Other localities like Nagareshwara and Hennur Road also command premium rates, suggesting strong demand in the broader region. Conversely, areas such as Agrahara Badavane and Doddagubbi offer more budget-friendly options, averaging below ₹7,200 per sq ft. The market predominantly features apartments, which currently align with the overall average asking price of ₹8,006 per sq ft. However, this segment has experienced a substantial price correction of -28.19%. For buyers seeking immediate occupancy, Ready To Move properties are available at an average of ₹10,433 per sq ft, albeit with a slight decline of -7.22%. Well Occupied units, priced at ₹11,155 per sq ft, also saw a modest decrease of -2.48%. Among the notable developments, projects like Goyal and Co Orchid Greens and Sobha City (Casa Serenita and Santorini) are prominent, with asking prices ranging from approximately ₹11,368 to ₹13,559 per sq ft. Supertech MiCasa has shown a remarkable 31.58% increase, indicating strong project-specific performance. The absence of comprehensive government registration data and rental rates suggests a need for deeper market insights into transaction volumes and investment yield for potential buyers.