Kodihalli
Kodihalli is a bustling urban neighborhood in Bangalore, India, known for its thriving IT sector, diverse community, and close proximity to the city's prime locations.
About the location
Overview
The real estate market in Kodihalli is robust due to its strategic location and booming IT industry. The price range for properties varies from medium to high, with a steady upward trend. Apartments are the most commonly available property type, with prices ranging from INR 8,000 to INR 15,000 per sqft as of 2021.
The Lifestyle
Kodihalli offers a cosmopolitan lifestyle with a mix of traditional and modern cultures. The neighborhood is home to diverse groups of residents, including IT professionals, expatriates, and long-term Bangalore residents. With a plethora of restaurants, shopping centers, and recreational facilities, the community enjoys a vibrant and dynamic lifestyle.
Attributes
Urban and cosmopolitan | IT hub | Diverse community | Vibrant lifestyle | Excellent connectivity | High real estate potential
You're sure to adore
Kodihalli's vibrant energy, its mix of traditional and modern cultures, and the multitude of dining and shopping options make it a place you'll surely fall in love with. Furthermore, its proximity to major IT parks make it an ideal location for tech professionals.
The Market
The real estate market in Kodihalli is booming with a mix of residential and commercial properties. The area is primarily residential with a large number of apartments and independent houses.
Connectivity
Airport
Kodihalli is approximately 42 km away from the Kempegowda International Airport, Bengaluru. It takes about 1 hour 30 minutes to reach the airport by car.
Bus
Kodihalli is well-connected by BMTC buses. Major bus stops in the area include Kodihalli bus stop and Old Airport Road bus stop.
Train
The nearest railway station to Kodihalli is the Bengaluru Cantonment Railway Station, which is about 7 km away.
Road
Kodihalli is located near the Old Airport Road, which is a major arterial road in Bengaluru. It provides easy access to other parts of the city.
Social Infrastructure
Educational Institutions
Prominent educational institutions include New Horizon Public School and VIBGYOR High School. Leading hospitals in the area are Manipal Hospital and Cloudnine Hospital.
Hospitals
Prominent hospitals in Kodihalli include the Manipal Hospital and the Leela Hospital and Diagnostic Centre.
Crime Rate
The crime rate in Kodihalli is relatively low, making it a safe neighbourhood for families and individuals alike.
Geography
Soil
The soil in Kodihalli is mainly red loamy soil, suitable for vegetation and construction.
Topography
Kodihalli, like most of Bengaluru, is situated on the Deccan Plateau and has a relatively flat terrain.
Altitude
Bengaluru, including Kodihalli, is located at an altitude of approximately 900 meters above sea level.
Flora & Fauna
Kodihalli, being a part of the urban area, has limited flora and fauna comprising mainly of common urban vegetation and bird species.
Climate
Season at a Glance
Bengaluru has a moderate climate throughout the year. Summers (March - May) are warm, monsoons (June - September) are marked by frequent showers, and winters (November - February) are mild and pleasant.
Rainfall
Bengaluru receives an average annual rainfall of around 970 mm, primarily during the monsoon season.
Temperature
The temperature in Bengaluru ranges from 15°C during winters to 36°C during summers.
Real Estate Trends
Rental Yield
The average rental yield in Kodihalli is around 3-4% per annum.
Capital Appreciation
Over the last few years, Kodihalli has seen a capital appreciation of around 5-8% per annum in residential property values.
Average Price per sq.ft
The average price per sq.ft for a residential property in Kodihalli is around INR 7,500 to 8,500.
Demand & Supply Dynamics
Kodihalli has seen a steady demand for both residential and commercial properties due to its strategic location and connectivity. The supply of properties has also been consistent, keeping the market stable.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
Kodihalli has a variety of assets including apartments, independent houses, and commercial properties. There are approximately 50-60 Airbnb listings in the area.
Revenue Potential
With a steady rental yield and capital appreciation, Kodihalli provides good revenue potential for property investors.
Occupancy Rate
The residential occupancy rate in Kodihalli is high, at around 80-85%, due to its popularity among IT professionals and families.
ADR
The average daily rate (ADR) for an Airbnb listing in Kodihalli is around INR 2,000 to 3,000.
RevPar
With the given ADR and occupancy rate, the revenue per available room (RevPAR) in Kodihalli is approximately INR 1,600 to 2,500.
Investment Guide
1. Invest in residential properties close to IT parks for high rental yields.
2. Monitor upcoming infrastructure projects as they can boost property prices.
3. Consider short-term rentals due to the high demand from tourists and business travelers.
Places to Visit
55 km | Spiritual wellness center amidst greenery It is a popular destination for nature enthusiasts and travelers seeking serenity
65 km | Popular wildlife safari and nature reserve
60 km | Urban forest zone for trekking and cycling
55 km | Spiritual wellness center amidst greenery It is a popular destination for nature enthusiasts and travelers seeking serenity