New Launch - India Real Estate Report 2026.

Peenya Industrial Area Phase IV

Avg rate icon

Avg. Rate

4,454/sq. ft

Locality rating icon

Locality Rating

4.8/10

Peenya Industrial Area Phase IV is a well-established industrial and residential sub-locality located in the Peenya region of North-West Bangalore, falling under the Bengaluru East Zone. With a PIN code of 560058, it forms part of one of Asia’s largest industrial clusters, hosting numerous small, medium, and large-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 professionals employed in nearby factories and tech parks. Strategically positioned, Peenya Industrial Area Phase IV benefits from proximity to major employment hubs such as the Peenya Industrial Estate, Rajajinagar, and the upcoming IT corridors along Tumakuru Road. While primarily industrial, the locality offers basic residential amenities and is well-connected via arterial roads like 5th Phase Peenya Road and Tumakuru Road (NH 48), facilitating access to central and north Bangalore. Real estate here is predominantly composed of independent layouts, budget housing, and rental units, with limited large-scale apartment projects. The surrounding neighborhoods include Parvathi Nagar, Maruthi Nagar, Rajagopala Nagar, and Netaji Nagar, which contribute to a dense urban fabric with local markets, schools, and transport links. Though not a premium residential destination, the area appeals to first-time homebuyers and investors seeking affordable entry points in Bangalore’s real estate market. Ongoing infrastructure upgrades and industrial activity continue to shape its development trajectory.

Region

Peenya

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560058

Population

27,500

Schools

2

Nearest Airport

Kempegowda International Airport (BLR)

Neighbourhood Insights byPulse AI Logo

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The Good

Excellent connectivity to major employment zones in North Bangalore

Affordable property options compared to central and south Bangalore

Growing rental demand due to industrial workforce population

Locality price index icon

The Bad

High noise and air pollution due to industrial activity

Limited premium residential projects and lifestyle amenities

Brundavana Peenya 2nd StageNear Peenya Industrial Area Phase IV, Peenya, Bengaluru East Zone, Bengaluru
Manjushree GarmentsNear Peenya Industrial Area Phase IV, Peenya, Bengaluru East Zone, Bengaluru
Peenya 2nd StageNear Peenya Industrial Area Phase IV, Peenya, Bengaluru East Zone, Bengaluru
Rajagopalanagar Rajni FarmsNear Peenya Industrial Area Phase IV, Peenya, Bengaluru East Zone, Bengaluru

Aurum Price Index for Peenya industrial area phase iv

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

4,454/sq. ft

Average Price Range

1,80010,718

Trend (5Y)

94.9%

Nearby Neighborhoods

2nd Stage

2nd Stage is a well-established residential and semi-industrial locality situated within the Peenya area of Bengaluru East Zone, bearing the PIN code 560058. Historically evolving as a support settlement for workers in the adjacent Peenya Industrial Area, it has gradually transformed into a densely populated neighborhood offering affordable housing options. The area is part of the larger Peenya township, known for its mix of residential layouts and proximity to industrial employment hubs. Connectivity in 2nd Stage is robust, with easy access to major roads like the Outer Ring Road (ORR) and Tumakuru Road, enabling swift commutes to central Bengaluru, IT hubs like Manyata Tech Park, and the Bangalore International Airport. The locality is surrounded by key neighborhoods such as Rajagopala Nagar, Maruthi Nagar, and Peenya 1st Stage, enhancing its integration within the city’s urban fabric. While primarily residential, the area hosts small-scale commercial establishments catering to daily needs. Real estate in 2nd Stage remains largely composed of independent homes, budget apartments, and housing colonies, with limited new developments. Though average price per sqft and 2BHK rates are not widely documented due to low project-based inventory, demand persists from middle-income groups and tenants seeking affordability near industrial zones. The absence of large-scale projects keeps the market organic, driven by individual property transactions rather than developer activity.

Avg. Rate

4,431/sq. ft

Locality Rating

4.1/10

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Rajagopala Nagar

Rajagopala Nagar is a well-established residential locality situated in the Peenya area of Bengaluru East Zone, with the PIN code 560058. Nestled within the bustling industrial and residential corridor of Peenya, it serves as a key residential hub for working professionals employed in the adjacent Peenya Industrial Area, one of Asia’s largest industrial clusters. The locality is surrounded by several planned layouts and housing colonies, contributing to its structured development and accessibility. While primarily residential, Rajagopala Nagar benefits from proximity to major employment centers and transport infrastructure. The area features a mix of independent homes, budget housing, and small apartment complexes, catering largely to middle-income families and tenants seeking affordable accommodation near industrial zones. Though no large-scale real estate projects are currently underway, demand remains steady due to rental appeal and connectivity advantages. The locality is part of the larger Peenya development framework, governed by BBMP and supported by civic infrastructure such as water supply, drainage, and road networks. Its real estate remains relatively stable, with limited new inventory and moderate appreciation over time. Residents enjoy access to nearby markets, schools, and healthcare facilities located within a short distance in adjoining neighborhoods like Maruthi Nagar and Parvathi Nagar. Public transport options including BMTC buses provide regular connectivity to key parts of the city, while the upcoming Metro expansion promises improved access. Despite its urban setting, Rajagopala Nagar maintains a close-knit community atmosphere, with modest green spaces and local temples contributing to daily life. It remains a practical choice for those prioritizing affordability and connectivity over luxury amenities.

Avg. Rate

4,047/sq. ft

Locality Rating

4.1/10

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3rd Stage

3rd Stage, located in the Peenya industrial belt of Bengaluru East Zone, is a well-established residential and semi-commercial neighborhood with the PIN code 560058. Historically developed to support the workforce of the adjacent Peenya Industrial Area, one of Asia’s largest industrial clusters, the locality has evolved into a densely populated residential hub. Its proximity to major employment zones and affordable housing options make it a preferred choice for middle-income families and working professionals. The area is well-connected via key arterial roads such as the Nelamangala State Highway and the Tumakuru Road, facilitating smooth access to central Bengaluru and the upcoming areas in the northwest corridor. Public transport is readily available, with frequent city buses plying routes to Kempegowda Bus Station and Majestic. While large-scale metro connectivity is still developing, the region benefits from its strategic location near industrial and logistics hubs. Real estate in 3rd Stage remains largely composed of independent homes, budget housing, and older apartment complexes, with limited new developments reported. The absence of high-rise luxury projects keeps property prices relatively affordable compared to central or southern parts of the city. However, infrastructural challenges such as road conditions and drainage persist, balancing out the demand driven by economic accessibility and employment proximity.

Avg. Rate

3,726/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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