Padmanabhanagar has recently emerged as one of the hottest real estate markets in Bangalore today, owing in part to being in South Bangalore, one of the most desired zones in real estate in the city today. South Bangalore brings with it the sophistication and elegance of old Bangalore, before it became the busting, ultra-modern metropolis that it is today. South Bangalore figures high on the list of discerning buyers of real estate, those that are looking for some of that old Bangalore charm, the laidback, peaceful, and genteel nature that Bangalore was known for. Padmanabhanagar, located on National Highway 948 that connects Kanakpura to Bangalore city, spans a total area of 1.68 square kilometres. Bound by Kumaraswamy layout, Uttarahalli, Kathriguppe, Chikkakalsandra, Gowdanapalya, Chennamanakere, and Kadirenahalli, this locality is now a thriving real estate market. Being part of the south zone of Bangalore city has meant that this locality has extremely well-developed civic and social infrastructure which is already in place with many more developmental works being carried out. Although the area does not have IT parks or employment hubs in the near vicinity, it is well connected to IT parks and employment hubs. In terms of social infrastructure, the area also has numerous reputed healthcare and educational institutions and South Bangalore has well-established shopping and retail areas as well as malls, multiplexes, restaurants, and hotels for recreation and entertainment. The real estate market in Padmanabhanagar has seen exponential growth in recent years. A number of players in the real estate development field have recognised this potential of the locality and its attractiveness to buyers and have thus moved in and launched their residential development projects in the area. With projects ranging from mid-range in price to luxury, the potential buyer is spoilt for choice. Average prices for an apartment in Padmanabhanagar in April-June 2021 was Rs. 5450 per square foot and this is only set to rise higher as more and more buyers move into the locality. The current trend for Padmanabhanagar only foresees more growth as the charm and allure of this locality only seems to be growing further as time passes.
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