New Launch - India Real Estate Report 2026.

1st block

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Avg. Rate

4,705/sq. ft

Locality rating icon

Locality Rating

4/10

1st Block, located in the Nagasandra area of Bengaluru North Zone, is a well-established residential neighborhood with a mix of independent homes and small apartment complexes. Part of the larger HMT Layout ecosystem, this locality has evolved over decades, primarily shaped by the presence of the Hindustan Machine Tools (HMT) factory, which once housed a significant workforce. The area is officially marked with the PIN code 560073 and is administratively grouped under the Yelahanka zone of BBMP, contributing to its structured development. While 1st Block does not host large-scale real estate projects today, it remains a sought-after pocket due to its affordability and proximity to key employment hubs like Hebbal and Manyata Tech Park. The real estate market is largely composed of resale properties, with moderate demand from middle-income families and tenants. Limited new construction keeps the skyline low-rise and the environment relatively quiet compared to rapidly developing parts of North Bangalore. Connectivity is a major strength, with Tumakuru Road (NH-48) providing seamless access to central and northern parts of the city. The area benefits from upcoming infrastructure upgrades, including the expansion of the Bengaluru Metro network. Despite its modest profile, 1st Block offers a stable, community-oriented living experience, ideal for those prioritizing convenience and affordability over luxury amenities.

Region

Nagasandra

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560073

Population

13,500

Nearest Airport

Kempegowda International Airport (BLR)

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Locality price index icon

The Good

Well-connected via major road and upcoming metro links

Affordable property rates compared to central Bangalore

Established residential community with local amenities

Locality price index icon

The Bad

Limited new real estate developments and modern infrastructure

Inconsistent road maintenance and drainage during monsoon

Aurum Price Index for 1st block

1BHK2BHK3BHKAll

Normalized to 100 · Oct 2020 baseline

Timeline

Aurum Price Index is based on 10 parameters:

Property Listing Trends

(12%)

RERA Inventory & Sales Velocity

(13%)

IGR Transaction Data

(15%)

Rental Yield

(10%)

Pollution & Environment

(08%)

Infrastructure & Connectivity

(13%)

Social Infrastructure

(08%)

Crimes & Safety

(08%)

Political Stability

(06%)

Corruption & ease of doing business

(07%)

Rates and Trends

Upper PriceAverage PriceLower Price

Timeline

Average Rate

4,705/sq. ft

Average Price Range

1,80011,640

Trend (5Y)

98.6%

Nearby Neighborhoods

HMT Layout

HMT Layout is a well-established residential locality situated in the Nagasandra area of North Bengaluru, falling under the Bengaluru North Zone. Developed primarily to house employees of the Hindustan Machine Tools (HMT) factory, the layout has evolved into a self-sufficient neighborhood with a mix of independent homes and apartment complexes. The area is identified by the PIN code 560073 and is segmented into multiple blocks, including the 1st, 2nd, and 5th blocks, each contributing to its structured urban fabric. Strategically located, HMT Layout benefits from proximity to major IT hubs like Manyata Tech Park and Hebbal, making it a convenient choice for professionals working in North Bangalore. While the real estate market here remains relatively underdeveloped in terms of new launches—with no ongoing residential projects reported—property demand is sustained by its affordability and connectivity. The area is witnessing gradual redevelopment as older HMT quarters are being replaced by modern housing units. Residents enjoy access to essential civic infrastructure, including schools, healthcare centers, and local markets, with ongoing improvements in road networks and public transport. The presence of the Bangalore Metro’s Green Line (Line 3) nearby enhances its appeal, offering seamless connectivity to central and southern parts of the city. Though not a high-rise or luxury residential hub, HMT Layout stands out for its community-oriented living and strategic location in the growing northward expansion of Bengaluru.

Avg. Rate

4,691/sq. ft

Locality Rating

4/10

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5th Block HMT Layout

5th Block HMT Layout is a residential neighborhood situated in the northern part of Bengaluru, within the Nagasandra area of the Bengaluru North Zone. Developed primarily to accommodate employees of the erstwhile Hindustan Machine Tools (HMT) factory, the locality retains a planned, grid-based structure with wide internal roads and a mix of independent houses and apartment complexes. The area falls under the 560073 pincode and is part of a larger HMT Layout cluster that includes multiple blocks, each contributing to the community-centric character of the region. While the real estate market in 5th Block HMT Layout remains relatively underdeveloped compared to newer suburbs, it offers affordable housing options with proximity to key employment hubs like Jalahalli, Yelahanka, and the Manyata Tech Park. The absence of large-scale ongoing projects indicates a stable, low-rise residential environment, making it attractive for end-users seeking peaceful living without the congestion of central Bangalore. Property prices are modest, though specific average rates per square foot or for 2BHK units are not widely documented due to limited transaction volume. Connectivity is a major strength, with the locality well-linked via the Outer Ring Road (ORR) and NH44, providing access to the city’s IT corridors and Kempegowda International Airport. The upcoming Metro expansion under Phase 3 of Namma Metro, particularly the Yellow Line (Line 4), is expected to enhance public transport access significantly. Basic amenities such as schools, grocery stores, and healthcare centers are available within the layout or in adjacent neighborhoods like Dasanapura and Nagasandra.

Avg. Rate

4,192/sq. ft

Locality Rating

4/10

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Nagasandra

Nagasandra is a developing residential and transit hub located in the Bengaluru North Zone, within the northern fringes of India's tech capital. It falls under the administrative jurisdiction of Bruhat Bengaluru Mahanagara Palike (BBMP) and is assigned the PIN code 560073. Historically a semi-rural area, Nagasandra has witnessed gradual urbanization over the past decade, transitioning into a sought-after locality due to its strategic location and improved connectivity. The area is well-connected to major employment centers via the Bengaluru Metro and key arterial roads, making it an attractive proposition for middle-income homebuyers and investors. Real estate in Nagasandra is still relatively affordable compared to central Bengaluru, though prices have been on an upward trend. As of recent data, the average price of a 2BHK apartment is around ₹1.22 crore, with an average cost of ₹14,871 per square foot. Despite limited large-scale residential projects—only one major project currently under development—Nagasandra benefits from proximity to established neighborhoods like Yeshwanthpur, Jalahalli, and Vidyaranyapura. Ongoing infrastructure upgrades, including metro expansion and road widening, are expected to further boost its real estate appeal in the coming years.

Avg. Rate

3,405/sq. ft

Locality Rating

4.6/10

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Frequently Asked Questions

The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in

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