Gunjur, located in the East of Bengaluru, has witnessed nearly 2.5 times growth in housing prices since 2020 due to strong demand for premium homes, said a report by NSE-listed real estate data analytics firm PropEquity.
The report also highlighted the substantial growth in housing sales and launches between 2020-25 reinforcing the impact that Gunjur’s proximity to major office hubs including Whitefield, Brookefield and Bellandur has on its housing demand.
According to the report posted by 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. The micromarket has seen 29 per cent average annual growth in prices indicating strong demand from investors and homebuyers.
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.
During this period, 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, 7,745 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 in the region.
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.
“Rapid infrastructure development, upcoming transport links, and increasing demand make Gunjur a hotspot for real estate investment,” Gowda added.
Experts say homes priced in Rs 1-2 crore category of 3BHK configuration is the major demand driver in Gunjur. ##