New Launch - India Real Estate Report 2026.

Peenya II Phase

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Avg. Rate

3,778/sq. ft

Locality rating icon

Locality Rating

4.5/10

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.

Region

Peenya

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560058

Population

27,500

Nearest Airport

Kempegowda International Airport (BLR)

Neighbourhood Insights byPulse AI Logo

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The Good

Excellent connectivity via road and upcoming metro access

Affordable real estate compared to other parts of Bengaluru

Close to employment centers in Peenya Industrial Area

Locality price index icon

The Bad

High noise and air pollution due to industrial activity

Limited modern residential developments and amenities

PSR Andhra Style RestaurantNear Peenya II Phase, Peenya, Bengaluru East Zone, Bengaluru

Aurum Price Index for Peenya ii phase

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

3,778/sq. ft

Average Price Range

1,8007,767

Trend (5Y)

63.6%

Nearby Neighborhoods

Peenya 1st Stage

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.

Avg. Rate

4,707/sq. ft

Locality Rating

4.5/10

Explore Neighbourhood

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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Netaji Nagar

Netaji Nagar is a well-established residential locality situated in the Peenya industrial belt of Bengaluru East Zone, with the PIN code 560058. Nestled amidst the bustling Peenya Industrial Area, it primarily serves as a home to working professionals, industrial employees, and middle-income families seeking affordable housing options close to employment hubs. The area has evolved over the decades as a key residential extension of Peenya, one of Asia’s largest industrial clusters, offering functional living spaces with basic urban amenities. The locality benefits from its proximity to major industrial zones like Peenya II Phase, Phase III, and Phase IV, making it a convenient base for those employed in manufacturing, engineering, and logistics sectors. While large-scale real estate developments are limited, the housing stock comprises independent homes, rental apartments, and small-scale layouts developed by individuals and housing societies. Property prices remain relatively affordable compared to central and southern parts of Bengaluru. Connectivity is a strong suit of Netaji Nagar, with easy access to Yeshwanthpur, Jalahalli, and Tumakuru Road, linking it to key employment centers like Hebbal, Manyata Tech Park, and the city center. Though not a premium residential hub, it offers essential infrastructure including schools, clinics, and local markets. Its integration with the larger Peenya ecosystem ensures steady demand for rental and budget housing.

Avg. Rate

3,722/sq. ft

Locality Rating

4.1/10

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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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