Property in Banashankari, Bengaluruprices, phases & buying guide

Asking prices in Banashankari run ₹8,000–₹11,000 per square foot, with the mid-band around ₹9,500. The government guidance value — the floor a sale can legally be registered at — starts at ₹8,800 per square foot here, so a quote below that is a red flag, not a bargain.

Banashankari is mapped in 4 pockets: Stage 1 (₹8,500–₹11,650/sqft, closest to jayanagar), Stage 2 (₹8,300–₹11,450/sqft, temple and metro belt), Stage 3 (₹7,850–₹10,800/sqft, big planned bda grid) and Stage 6 (₹7,050–₹9,700/sqft, outer frontier, new stock). Prices inside a locality vary more between these than between neighbouring localities.

RERA registration attaches to a project, never to a locality, so “Banashankari is RERA approved” is not a statement that can be true. Of the 6 sample listings the atlas carries in Banashankari, 2 quote a Karnataka RERA registration number. Verify any number you are given on rera.karnataka.gov.in before you pay anything — the atlas's badge is derived from published lists that go stale.

Gross rental yield in Banashankari is about 3% a year. On a 1,000 sqft flat bought at the mid-band (₹95,00,000), that is roughly ₹23,750 a month before maintenance, property tax and vacancy — which typically take a fifth of it.

Green Line — Banashankari. Distances on the atlas are straight-line from the locality centre; open the map and switch on the metro layer to see the actual stations and lines.