Avg. Rate
₹ 4,639/sq. ft
Locality Rating
4.7/10
Phase 3 is a well-established residential and industrial neighborhood located within the Peenya industrial belt in the Bengaluru East Zone. It falls under the 560058 postal code and forms part of one of the city’s oldest and most significant industrial hubs, contributing heavily to Bengaluru’s manufacturing and engineering sectors. The area has evolved over decades, transitioning from purely industrial use to a mixed-use locality with residential pockets serving workers and middle-income families. Its strategic location near major employment centers continues to drive demand for housing. The locality is surrounded by several key residential and industrial zones, including Peenya Industrial Area Phase IV, Parvathi Nagar, Netaji Nagar, and Rajagopala Nagar, creating a dense urban fabric. While large-scale real estate projects are currently limited, the area hosts numerous independent homes, rental apartments, and small housing complexes catering to a range of income groups. Proximity to Yeshwanthpur and the Bangalore-Hubli Highway enhances its accessibility, making it a practical choice for commuters. Phase 3 benefits from basic urban infrastructure, including municipal water supply, electricity, and road networks, though some pockets face challenges related to drainage and traffic congestion. Local markets, schools, and healthcare facilities are within reach, supporting day-to-day living. As part of the larger Peenya development plan, the area is expected to see gradual improvements in civic amenities and transport connectivity, particularly with the expansion of the Namma Metro network in the northern corridor.
Region
Peenya
City
Bengaluru
District
Bengaluru Urban
State
Karnataka
Pincode
560058
Population
27,500
Nearest Airport
Kempegowda International Airport (BLR)
Excellent connectivity to central and northern Bengaluru via major roads and upcoming metro links
Affordable rental and resale housing options compared to central Bangalore localities
Close to employment hubs like Peenya Industrial Area and IT corridors near Jalahalli
High traffic congestion and industrial pollution due to proximity to manufacturing units
Limited availability of large, modern residential developments and premium amenities
Normalized to 100 · Oct 2020 baseline
Timeline
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%)
Timeline
Average Rate
₹ 4,639/sq. ft
Average Price Range
₹ 1,800 – 11,476
Trend (5Y)
▲ 100.3%
Rates and Trends
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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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