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Gunjur, a rising micro-market in Bengaluru, has seen a 146% surge in property prices since 2020, with average rates hitting INR 11,850 per sq. ft. in 2024. PropEquity attributes this growth to high demand for premium homes and strategic proximity to IT hubs like Whitefield and Sarjapur Road. Project launches rose by 150%, and unit absorption doubled over the past five years. Demand for 3BHK homes priced INR 1-2 crore has notably increased. Upcoming infrastructure projects like the Peripheral Ring Road and Bengaluru Business Corridor are further enhancing Gunjur's appeal, positioning it as a high-potential destination for investors and homebuyers alike.
Gunjur, a fast-emerging micro-market in Bengaluru, has experienced an extraordinary surge in property prices, with average rates soaring by 146% since 2020. The price per square foot reached INR 11,850 in 2024, compared to INR 4,800 in 2020, reflecting a near 2.5 times increase. PropEquity, a leading real estate analytics firm, reports that this price surge is largely driven by growing demand for premium residential properties. Advertisement
Umesh Gowda H.A., Chairman and Founder of Sanjeevini Group, a prominent Bengaluru-based real estate developer, shared insights on Gunjur's appeal. He emphasized that the area offers an ideal balance of urban convenience and natural serenity, with seamless access to key business hubs like Whitefield, Sarjapur Road, ORR, and Electronic City. This strategic positioning, combined with nearby top-tier educational institutions, healthcare facilities, and recreational venues, has made Gunjur an attractive destination for both homebuyers and investors. Mr. Gowda also pointed out that the area's remarkable 2.5X price growth over just four years highlights its potential for long-term appreciation.
According to PropEquity's analysis, the number of new housing projects in Gunjur surged significantly from 13 projects and 3,421 units between 2015 and 2019, to 22 projects and 8,558 units between 2020 and 2024 a 150% increase in project launches. Over the same period, unit absorption also doubled, reaching 7,745 units, further demonstrating the strong demand in the market. In the past five years, the delivery of 3,172 units across 12 projects underscores the area's growing habitation levels.
Further elaborating on this trend, Mr. Gowda noted the increasing demand for 3BHK configurations priced between INR 1-2 crore, which have seen a 150% rise in new launches between 2020 and 2024 compared to the previous five years. He pointed out that the area's expansion reflects a broader shift in Bengaluru's residential landscape, with Gunjur increasingly becoming a top choice for homebuyers seeking long-term value.
In addition to the surge in demand for residential properties, several infrastructure projects are enhancing the region's connectivity. These include the 150-ft CDP Road, Peripheral Ring Road, and the upcoming Bengaluru Business Corridor, which will link Gunjur to Kempegowda International Airport. The area's attractiveness is further reinforced by nearby luxury hotels, malls, reputed schools, hospitals, and the planned metro and suburban railway expansion.
As Bengaluru continues to dominate the office leasing market, with 21.7 million square feet leased in 2024 a 39% increase year-on-year Gunjur's proximity to IT hubs like Whitefield and Bellandur positions it as a prime choice for both professionals and investors. Mr. Gowda emphasized that Gunjur's ongoing infrastructure development, alongside strong demand for premium residential properties, makes it a promising real estate hotspot, with potential for significant returns for both investors and end-users.
As demand for premium homes in Gunjur continues to rise, the market is expected to see sustained growth, offering strong returns for investors. Gunjur's blend of urban conveniences, natural beauty, and increasing connectivity positions it as a top contender in Bengaluru's real estate landscape.
The views, opinions, and information expressed in this article are solely those of the author and do not necessarily reflect the views of Prop News Time. The content has not been independently verified or endorsed by Prop News Time. Readers are advised to exercise their own discretion and seek professional advice if required.
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