Housing prices at Gunjur in Bengaluru jump 2.5 times since 2020

Gunjur, an important micro-market in Bengaluru's residential market, has seen a sharp price appreciation of nearly 2.5 times since 2020 due to strong demand for premium homes.

Gunjur , located in east of, Bengaluru, enjoys the benefit of being located in close proximity of major office hubs including Whitefield, Brookefield and Bellandur.

According to NSE-listed real estate data analytics firm PropEquity, the average housing prices in Gunjur has risen to Rs. 11,850 per square feet in 2024 from Rs. 4,800 per sq. ft. in 2020, up 146 per cent or nearly 2.5 times.

Overall, Bengaluru is leading the office market in the country.

The IT city hosts many Global Capability Centers (GCCs), thanks to the availabilities of tech workforce and premium workspace at around USD 1 per square feet per month rental.

The city is also known as a startup hub.

Bengaluru-based real estate developer Sanjeevini Group Chairman and Founder, Umesh Gowda H.A said Gunjur is a very strategic micro-market that provides a perfect blend of urban convenience and natural tranquillity.

“Gunjur provides easy access to major business corridors like Whitefield, Sarjapur Road, ORR, and Electronic City. It is located at an accessible distance to the education, healthcare and leisure centres. This makes it an ideal destination for homebuyers. To add to this, the 2.5X growth in prices in the last five years and the limitless possibilities that this micromarket present in the future make it worthwhile for investors and homebuyers to stay invested for the long-run.”

Sanjeevini Group is coming up with a residential group housing project in Gunjur and is currently awaiting RERA approval. In the past, the company has delivered high-end residential projects in East Bengaluru.

The micromarket has seen 29 per cent average annual growth in prices indicating strong demand from investors and homebuyers.

The large-scale infrastructure development like 150 ft. CDP Road, which seamlessly connects to the Outer Ring Road and Varthur–Sarjapur/Chennai Highway; and Peripheral Ring Road will be game-changers for the real estate market in Gunjur.

Experts say homes priced in Rs. 1-2 crore category of 3BHK configuration is the major demand driver in Gunjur. The rise in new launches in the past years indicate strong demand. The PropEquity reports stated that 22 projects were launched adding 8558 units between 2020-24, a sharp increase from 2015-19 when only 13 projects were launched supplying 3421 units; an increase of 150 per cent.

Between 2020-24, 7745 units were absorbed as compared to 3804 units in 2015-19, an increase of 103 per cent.  In the last 5 years, 12 projects comprising 3172 units have been delivered indicating growing habitation.

Rapid Infrastructure development driving real estate

The city is witnessing major infrastructure development, the benefits of which will be reaped by Gunjur. Among them are the proposed Bengaluru Business Corridor (earlier named Peripheral Ring Road), a 73-kilometer long and 100-meter-wide six-lane expressway and service roads on both sides that will add to Gunjur’s connectivity and more importantly reduce travel time to Kempegowda International Airport.

The Gunjur Palya Road connects it to Bellandur while the Varthur-Sarjapur road connects it to Whitefield and Brookefield.

Gunjur provides easy access to reputed schools like Basil Woods International School and The International School Bangalore, healthcare facilities like Manipal Hospital and Sri Lakshmi Multi-Speciality Hospital, shopping and leisure facilities like Nexus Whitefield Mall and Centro Mall and premium hotels like Courtyard by Marriot and Double Tree by Hilton.

It is located just 3 km from the upcoming suburban railway station that will enhance quick access to the city. Also, it is a part of the proposed metro expansion. The construction of State Highway 35 will further propel its liveability factor.

“Rapid infrastructure development, upcoming transport links, and increasing demand make Gunjur a hotspot for real estate investment,” Gowda added.

The Bengaluru real estate market is witnessing a growth never seen before. The PropEquity report states that in January-March of 2025, the city recorded 10% growth in absorption at 18,508 units while supply grew 17% to 20,227 units.

According to Colliers, the Bengaluru office market witnessed 21.7 million sq. ft. of office leasing in 2024, up 39 per cent from 15.6 million sq. ft. in 2023 with its share rising to 33 per cent in 2024 from 27 per cent in 2023.

Gunjur boasts of beautifully planned neighbourhoods with abundant greenery, lakes and natural tranquillity. This along with seamless mix of convenience, connectivity and amenities makes it an appealing residential destination for living today and smart investment for tomorrow