New Launch - India Real Estate Report 2026.

Peenya 1st Stage

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Avg. Rate

4,707/sq. ft

Locality rating icon

Locality Rating

4.5/10

Peenya 1st Stage is a well-established residential and mixed-use locality within the larger Peenya region of North West Bangalore, falling under the Bengaluru East Zone. Developed primarily to support the adjacent Peenya Industrial Area—one of Asia’s largest industrial clusters—it has evolved into a densely populated neighborhood with strong working-class roots. The area shares a pincode of 560058 and is strategically located near major transport corridors, making it a functional hub for daily commuters and industrial workers. Characterized by a blend of independent homes, rental apartments, and small-scale housing complexes, Peenya 1st Stage caters largely to middle-income groups and migrant labor populations. While the locality lacks large-scale modern real estate developments, it offers affordable living options close to employment centers. Proximity to industrial zones and Yeshwanthpur has driven demand for compact housing and rental units. The neighborhood benefits from established civic infrastructure, including municipal schools, primary health centers, and local markets, though it faces typical urban challenges like traffic congestion and limited green spaces. Ongoing metro expansions and road upgrades are gradually improving accessibility, positioning Peenya 1st Stage as a transit-oriented node in Bangalore’s evolving urban fabric.

Region

Peenya

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560058

Population

47,500

Schools

1

Nearest Airport

Kempegowda International Airport (BLR)

Neighbourhood Insights byPulse AI Logo

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The Good

Excellent connectivity to industrial and commercial hubs like Peenya Industrial Area and Yeshwanthpur

Affordable housing and rental options suitable for working professionals and migrants

Access to essential amenities including schools, clinics, and local markets within walking distance

Locality price index icon

The Bad

High traffic congestion, especially during industrial shift changes

Limited green spaces and recreational infrastructure

Peenya Metro StationNear Peenya 1st Stage, Peenya, Bengaluru East Zone, Bengaluru

Aurum Price Index for Peenya 1st stage

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

4,707/sq. ft

Average Price Range

1,80011,814

Trend (5Y)

103.5%

Nearby Neighborhoods

Peenya II Phase

Peenya II Phase is a residential-cum-industrial neighborhood located in the northern part of Bengaluru, within the Peenya Industrial Area under the Bengaluru East Zone. It shares its pincode 560058 with adjacent areas and is part of one of the city's oldest and most established industrial belts, hosting numerous small and medium-scale manufacturing units. The area has evolved over decades from a purely industrial zone into a mixed-use locality with growing residential pockets catering to workers and middle-income families. Situated close to major transport arteries like the NH 44 (formerly NH 7) and the Yeshwanthpur railway junction, Peenya II Phase benefits from strong connectivity to central Bengaluru, Hebbal, and Yelahanka. While primarily known for its industrial activity, the locality offers basic civic infrastructure with access to schools, hospitals, and markets in nearby neighborhoods such as Netaji Nagar and Peenya 1st Stage. Real estate here is largely composed of independent homes, rental apartments, and older layouts rather than high-rise developments. The lack of large-scale residential projects and limited modern housing options means property prices remain relatively affordable compared to other parts of North Bengaluru. However, ongoing metro expansion and proximity to key employment hubs continue to drive gradual interest in the area. Peenya II Phase remains a functional, working-class neighborhood with a strong sense of community and practical appeal for those prioritizing connectivity and affordability over luxury amenities.

Avg. Rate

3,778/sq. ft

Locality Rating

4.5/10

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Peenya III Phase

Peenya III Phase is a well-established residential and industrial locality situated in the northern part of Bangalore, within the Bengaluru East Zone. It forms part of the larger Peenya industrial and residential belt, known for its mix of light manufacturing units and worker housing. The area shares a PIN code of 560058 and is closely integrated with adjacent phases and layouts such as Peenya II Phase, Peenya 1st Stage, and KIADB Housing Complex. Its strategic location near major industrial zones has historically driven demand for affordable housing. The locality is primarily composed of independent homes, budget housing complexes, and layouts developed by government and private entities, including GKW Layout and SRS Layout. While large-scale real estate projects are limited, the area attracts tenants and investors due to its affordability and proximity to employment hubs. Basic civic infrastructure is present, though development is uneven compared to newer parts of the city. Connectivity is a key strength of Peenya III Phase, with easy access to Yeshwanthpur, Tumakuru Road, and the Outer Ring Road via Peenya Industrial Area. The upcoming Metro expansion and existing railway link enhance its accessibility. Despite industrial encroachment, efforts to improve sanitation, drainage, and community facilities continue, shaping a transitional urban character blending residential and industrial lifestyles.

Avg. Rate

3,912/sq. ft

Locality Rating

4.1/10

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Yeshwanthpur Suburb II Stage

Yeshwanthpur Suburb II Stage is a well-established residential locality situated in the Peenya region of Bengaluru East Zone, within the bustling city of Bangalore. Part of the larger Peenya industrial and residential belt, this area is known for its mix of residential layouts and proximity to employment hubs, making it a preferred choice for middle-income families and working professionals. The suburb falls under the PIN code 560058 and is surrounded by key neighborhoods such as Peenya Industrial Area Phase IV, Netaji Nagar, and KIADB Housing Complex, contributing to its integrated urban fabric. Historically developed as an extension of Yeshwanthpur’s residential expansion, Suburb II Stage has evolved into a self-sufficient micro-locality with access to essential amenities including schools, healthcare centers, and local markets. Real estate here is predominantly composed of independent homes and smaller apartment projects, with limited new developments—only one major project reported recently—reflecting a mature market rather than a rapidly expanding one. The area benefits from strong connectivity via major roads like the Bellary Road (NH-44) and proximity to the Yeshwanthpur Railway Station and upcoming metro infrastructure. While property prices have appreciated, with the average 2BHK apartment valued at approximately Rs. 1.17 Crore and average price per square foot at Rs. 10,746, the locality remains relatively affordable compared to central Bangalore, offering value for budget-conscious buyers seeking accessibility and convenience.

Avg. Rate

4,247/sq. ft

Locality Rating

5/10

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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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