On analysis of the growth pattern of Bangalore, we witness a push for developments in the North of Bangalore comprising of Banaswadi, Peenya Industrial estate, Yashwantpur and Yelahanka. The growth shift has been attributed to the development of International airport in Devanahalli. The road from Bellary road to Yelahanka is witnessing rapid residential development. Prices have raised sharply ranging between Rs.3,000-10,000 per square feet for residential and Rs.2,000-7,000 per square feet for commercial purpose. The trend is expected to remain positive in the area with the international airport acting as a catalyst for growth.
The south of Bangalore has been growing due to Electronic City- a hub of IT/ITES offices in the city. Electronic city is located in the outskirts of Bangalore in an area of 332 acres and is home for the IT behemoths including Hewlett Packard, Infosys, Siemens and Wipro. Sarjapur road is another promising area in the south of the city. Jaynagar, J.P Nagar, BTM layout are the areas adjoining to Electronic city which are developed primarily as residential areas. Prices in the South have witnessed an increase in 2007 by approximately 5.6% with prices ranging between Rs.2,800-7,000 per square feet for residential and Rs.3,500-7,000 per square feet for commercial.
East of Bangalore has grown till Whitefield, which is rapidly developing as a commercial area. Though the connectivity to this part is not up to the mark (au courant), initiatives of government are underway in the form of metro rail and improved road connectivity. Kormangala, Indiranagar and Hosur road are the prime areas. Prices in the East have remained stable with price ranging between Rs.2,500-7,700 per square feet for residential and Rs.3,000-8,000 for commercial.
West of Bangalore has predominantly been in the focus of residential development with prime areas being Malleshwaram, Rajaji nagar and Chord Road. Being a residential area, the prices have comparatively been stable hovering between Rs.2,000-6,500 per square feet for residential and Rs.3,000-6,000 per square feet for commercial.