Bengaluru, also known as Bangalore, is one of India's most bustling metropolitan cities. It is a hub for technological advancements, startups, and multinational corporations. As the city grows, so does the cost of living. This article highlights the five most expensive pin codes in Bengaluru city to live in. It also provides the name of the area, the cost of living, the average property rate, and the average cost of renting a 2BHK in each pin code.
Shivaji Nagar, located in the central part of Bengaluru city, is one of the oldest and most popular areas. It is also one of the most expensive pin codes to live in, with an average property rate of around Rs. 15,000 per square foot. The cost of living in Shivaji Nagar is quite high due to its central location, with an average monthly expense of Rs. 30,000 per person. Renting a 2BHK in Shivaji Nagar can cost around Rs. 40,000 per month.
Indiranagar, located in the east of Bengaluru city, is a posh and trendy residential area. It is known for its vibrant nightlife, upscale restaurants, and shopping hubs. Indiranagar is a preferred locality for expats and young professionals due to its cosmopolitan culture. The average property rate in Indiranagar is around Rs. 18,000 per square foot. The cost of living in Indiranagar is quite high, with an average monthly expense of Rs. 40,000 per person. Renting a 2BHK in Indiranagar can cost around Rs. 45,000 per month.
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Koramangala, located in the southeast of Bengaluru city, is a hub for startups, coworking spaces, and IT companies. It is also one of the most sought-after residential areas due to its cosmopolitan vibe and easy connectivity to the rest of the city. The average property rate in Koramangala is around Rs. 14,000 per square foot. The cost of living in Koramangala is quite high, with an average monthly expense of Rs. 35,000 per person. Renting a 2BHK in Koramangala can cost around Rs. 38,000 per month.
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Jayanagar, located in the south of Bengaluru city, is a well-planned residential area with excellent connectivity to other parts of the city. It is known for its serene environment, lush green parks, and traditional shopping markets. Jayanagar is one of the most expensive pin codes to live in, with an average property rate of around Rs. 17,000 per square foot. The cost of living in Jayanagar is relatively high, with an average monthly expense of Rs. 30,000 per person. Renting a 2BHK in Jayanagar can cost around Rs. 35,000 per month.
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Bannerghatta Road, located in the southwest of Bengaluru city, is a rapidly developing area with excellent connectivity to other parts of the city. It is known for its beautiful greenery, luxury apartments, and posh restaurants. Bannerghatta Road is one of the most expensive pin codes to live in, with an average property rate of around Rs. 12,000 per square foot. The cost of living in Bannerghatta Road is quite high, with an average monthly expense of Rs. 35,000 per person. Renting a 2BHK in Bannerghatta Road can cost around Rs. 30,000 per month.
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Bengaluru is undoubtedly an expensive city to live in, and the above-mentioned pin codes are some of the most expensive areas to reside in. The high cost of living and the property rates in these areas is due to their popularity, connectivity, and infrastructure. However, these areas also provide the best amenities, facilities, and a comfortable lifestyle to their residents.
Some of the other popular residential areas in Bengaluru city include Whitefield, Sarjapur Road, JP Nagar, and HSR Layout.
If you have the financial stability to afford it, then it can be worth buying a property in these areas as they offer a comfortable and luxurious lifestyle.
Indiranagar, with an average property rate of around Rs. 18,000 per square foot, is the most expensive among the five mentioned in the article.
Yes, some of the affordable areas to live in Bengaluru city include Electronic City, Yelahanka, and Devanahalli.
The cost of living in Bengaluru city on average can vary from Rs. 20,000 to Rs. 40,000 per person per month, depending on the lifestyle and location.