Real Estate Trends In Rr Nagar

RR Nagar, or Rajarajeshwari Nagar, is a rapidly growing locality situated in the western part of Bangalore. The area has become one of the most demanded localities of the city because of its features. It is home to many top tech parks, residential projects, and start-ups. The area's growing demand has seen a surge in its real estate trends. The property rates of the area have increased giving buyers a chance to get higher returns. Buyers investing in RR Nagar will get a huge return and high rental income in the upcoming years.

RR Nagar property price trends reports

RR Nagar has become one of the most famous areas because of the temples, cultures, emergency stations, etc. These factors have made it a top choice for buyers around the city. As per the reports, the real estate prices in the locale are expected to rise upto 5%. The present property price in RR Nagar is Rs 7,408/ sq. ft. The price ranges from Rs 4,229 to 15,625, and there are many rental properties as well. The avg rent of the area starts at Rs 30000 and goes upto 60000.

Current price trends suggest that both buying and selling properties in RR Nagar are profitable. Property owners in the area should check these trends to assess their property’s value accurately. Price data helps buyers understand property rates in RR Nagar better.

Type of Property and its avg Price in RR Nagar, Bangalore

Rajarajeshwari Nagar is a nice place to live as it offers properties of all types, from villas and apartments to plots. These properties are launched by well-known builders like Birla Estates. These units are offered at different prices:

• Villas: The avg price is 3.56 crore, with a median price of Rs 2.97 crore
• Apartments: The avg price offered for an apartment is 65 Lakh and goes upto 5 Cr.
• Plots: The plotted development is offered at Rs 12,000/ sq. ft. and starts at Rs 45 Lakhs on avg.

Reasons to invest in RR Nagar, Bangalore

The upscale urban locale has attracted premium builders, tech professionals, and buyers to invest in the area. There are many reasons to invest in the locality. Some of them are:

1. Prime IT Hub - The area is a prime IT hub as it has housed one of the biggest IT parks, Global Village Tech Park. It has also housed many other companies from around the world. These firms have given many jobs to people and improved the city's economy.
2. Good Connectivity - RR Nagar is well-connected to all parts of the city. Mysore Road, ORR, and other main roads serve it. The streets are well-lit, and there are traffic signals to control the traffic. The BMTC buses and local taxis have major improved the city's conveyance. It has reduced the traveling cost time for short and long journeys. The Rajarajeshwari Nagar metro station serves the area, and KIAB is only 37.1 Km away. The area's distance to other places like E-City, Whitefield, etc, is also within 20-28 Km.
3. Boasts basic amenities - The area boasts all the top amenities like schools, hospitals, malls, and hotels. There are local shops, banks, and petrol pumps as well available in short distances. These amenities are located near the top residential projects.
4. Many housing options - The locality offers all types of housing options by premium builders. One of the top projects in the area is Birla Ojasvi, developed over 10.23 acres, offering 1-4 BHK flats and 4 BHK villas. It is one of the best options for new home dwellers. There are many more projects in the area with top features.

FAQ

1. Is RR Nagar a good place to live?

RR Nagar is one of the best places to live and invest as there are top basic amenities and emergency stations nearby. People can get all their basic needs nearby.

2. Why is RR Nagar famous?

The area is famous for its upscale infrastructure, good connectivity, and presence of IT firms.

3. What is the trend in the real estate market in Bangalore?

Residential property prices in Bangalore are expected to rise by 5% each year. A 12% increase is predicted for 2024. This strong growth shows the city’s attraction for both investors and homebuyers.

4. What is the demographics of RR Nagar?

Rajarajeshwari Nagar has a population of 140,262. It includes 74,643 males and 65,619 females.

5. Which celebrity lives in RR Nagar Bangalore?

In the area top celebrities live and have improved the status. Some of these celebrities are Darshan, Ganesh, Rakshit Shetty, Diganth, etc.