Kanakapura Road, situated around 30 minutes from South Bengaluru's IT hub of Electronic City, has emerged as a significant arterial route connecting various localities while extending to the city's outskirts. Several major companies, including Infosys, Wipro, and Tech Mahindra, have operations in the area.

While North Bengaluru remains one of the city's booming real estate micro-markets, Kanakapura Road is projected to see at least a 15% appreciation in 2025, according to Sunil Singh, director of Realty Corps. This growth potential is driven by its relatively lower real estate costs compared to other parts of Bengaluru, as well as significant infrastructure development that has attracted developers and homebuyers.

Affordable Real Estate in Kanakapura Road

The real estate market in Kanakapura Road is more affordable than many other Bengaluru localities. Residential rentals range between ₹25,000 and ₹35,000 per month, depending on the type of property. Land prices in the area vary from ₹3,000 to ₹15,000 per square foot for plots and ₹4.5 crore to ₹15 crore per acre for land parcels. Apartment costs range from ₹7,000 to ₹12,000 per square foot, with Grade A developments typically priced between ₹10,000 and ₹14,000 per square foot.

A 2BHK apartment can be rented for ₹20,000 to ₹30,000 per month, with a security deposit of 6–9 months. For a 3BHK, rents start at ₹40,000 per month. Grade A developers, such as Prestige Group and Brigade Group, have significant projects in the area.

Price Increases in Kanakapura Road

Local brokers have reported a surge in property prices on Kanakapura Road, with limited residential inventory available from Grade A developers. Data from Knight Frank indicates that residential property prices in the area increased by 3% during the first half of 2023, matching growth rates in Electronic City.

In specific developments, plot prices have risen sharply. For instance, in one project, prices have climbed from ₹2,500 to ₹3,000 per square foot over the past year. Similarly, in a project near Uttarahalli, plot prices jumped from ₹4,600 to ₹10,000 per square foot. Apartments in gated communities, like Prestige Primrose, have also seen significant appreciation. A 2BHK launched at ₹75 lakhs a year ago is now priced at ₹1 crore, while 1BHK units have risen from ₹60–65 lakhs to ₹75 lakhs.

Infrastructure Enhancements Driving Growth

Kanakapura Road's appeal has been bolstered by infrastructure improvements. The conversion of access roads to a four-lane highway and the connectivity provided by NICE Road, which links the area to Electronic City, have been critical factors. Additionally, Mysuru Road facilitates connections between Ramanagaram and Mysuru, adding to the area's attractiveness.

In December 2024, the BBMP announced a 2-km flyover project worth ₹1,200 crore to decongest Kanakapura Road. Metro connectivity has further enhanced the area's attractiveness, making it a preferred choice for residents working in South Bengaluru localities such as JP Nagar and Jayanagar. Many investors are also purchasing land in the area for its long-term potential.

Challenges

Despite its growth, Kanakapura Road faces challenges in connectivity. Its distance from the city center poses commuting difficulties for homebuyers, and its location far from the eastern IT corridor of Whitefield makes it relatively isolated from other key hubs in Bengaluru.