Best Commercial Property Locations in Bengaluru

Bengaluru is the capital of Karnataka, and is also known as the 'Garden City' and 'Silicon Valley of India'. This city is very famous for its Information Technology sector, and has many tourist attractions and sightseeing spots. As a rapidly growing metro city, it is said to be developing into a major cultural and financial hub. Bengaluru is home to many prominent Indian software companies like Wipro, Infosys, HCL and Polaris, apart from having Fortune 500 companies like Microsoft, Oracle, Apple, SAP, etc.

For more than a decade, numerous ITES (Information Technology Enabled Services) and BPO (Business Process Outsourcing) companies have been establishing their offices in this city. This has caused an active demand for commercial investments in Bengaluru. The real estate in the city has been witnessing a steady growth and new trends, and has created many opportunities for expansion. These are some of the best commercial properties in Bengaluru:

Brigade Road

Brigade Road, as the name suggests, was once used by the British. Today, it is among the topmost locations for shopping and for commercial investments in Bengaluru. It is also one of the biggest commercial centres and busiest shopping areas of the city. It is located between two major roads of Bengaluru, namely M.G.Road and Residency Road. It has numerous shopping centres and retail outlets of international brands. Some of the prominent stores found here include Lee, Raymond’s, Adidas, Reebok, Van Heusen, Planet M, Tommy Hilfiger and Titan and so many more. It has been named as the best street for shopping in the whole country.
The rental values for commercial property in Brigade Road are listed below:
The highest locality price is around Rs. 70 per square foot.
The lowest price is around Rs. 55 per square foot.
The average is around Rs. 65 per square foot.
The return on investment has witnessed a decrease of 2% q-o-q in June 2013.

Koramangala

Koramangala, located in the south-eastern part of Bangalore, is one of the most sought-after residential areas ,having wide tree-lined avenues and sophisticated bungalows. It acts as the major point of contact between many busy main roads like the Intermediate Ring Road (which links the Airport Road with Hosur Road and Electronic City), Sarjapur Road(which links to Outer Ring Road) and 80 Feet Road (connects to Vivek Nagar and M.G. Road). It is considered to be the city’s most happening place. Koramangala also contains many famous shopping malls and centres like The Forum, Raheja Arcade, and Star Bazaar, along with the most prominent Koramangala Club House. This locality boasts easy access to the city centre and the Inner and Outer Ring Roads, which is a major attraction for not only residential but also for development of commercial property. Returns on Investment (ROI) is guaranteed for any commercial property in this locality.

• The rental values for office space in Koramangala are listed below:
• The highest locality price of is around Rs. 60 per square foot.
• The lowest price is around Rs. 50 per square foot.
• The average is around Rs. 55 per square foot.
• The return on investment has witnessed a decrease of 4% q-o-q in June 2013.

Bannerghatta Road

Bannerghatta Road, also commonly known as BG Road, is the Indian State Highway connecting Bengaluru city with neighbouring towns like Anekal and Bannerghatta Jigani. The growth and development is mostly driven by its easy accessibility with many IT zones, medical facilities and shopping areas. This locality boasts many prominent housing complexes like Purva Heights, SJR Luxuria, and Mantri Residency, etc. Apart from this, the proposed Phase 2 of Metro is an added boost to the transportation of this locality and is sure to have a drastic impact on the real estate values. This place is also considered a hub for marble and granite retailers.

• The rental values for commercial property in Bannerghatta Road are listed below:
• The highest locality price of is around Rs. 55 per square foot.
• The lowest price is around Rs. 40 per square foot.
• The average is around Rs. 50 per square foot.
• The return on investment has witnessed a decrease of 2% q-o-q in June 2013.