In the post-COVID-19 era, affordability of mid-income homes, calculated on the ratio of home loan payment to income, will touch its lowest-best at 27% in FY21. It was 53% in FY12 and has been falling y-o-y ever since.

Mayank SaksenaMayank Saksena, MD – Land & Head – South India, ANAROCK Property Consultants

Hosur Road in South Bengaluru essentially covers locations such as Begur, Kudlu Gate, Singasandra and Electronic City. Major factors contributing to its growth are:

Affordable Property Prices: 

Locations along Hosur Road close to Electronic City and Begur Road essentially cater to affordable and mid-segment housing.

Prices in Electronic City, for instance, range between Rs. 3,500-5,600 per square foot. Prices on this stretch are more relatively affordable than other major IT hubs, including Whitefield and Outer Ring Road-Marathahalli.

Good office rental yields:

Commercial property prices range from Rs. 4,500-8,000 based on the type of property and the amenities available in the building. Rental yield in Electronic City varies from 3.5 to 4.2%, which makes it one of the top rental yield markets in Bengaluru.

A wide range of housing options:

A favourable confluence of factors such as ample new supply in Electronic City due to large tracts of land,