[ecis2016.org] Rajarajeshwari Nagar, named after the Rajarajeshwari Temple, is a peaceful locality with lush greenery. It is also one of south Bengaluru’s fastest-growing residential areas. Rajarajeshwari Nagar currently has nearly 30 new residential projects under construction and lies near Banashankari, Kengeri and Nagarbhavi
The Rajarajeshwari Nagar real estate market has received a fillip, due to the establishment of the Global Village Tech Park, which is spread over 120 acres and is also home to some of the IT giants in the city. This IT hub has resulted in a surge in the demand for flats in Rajarajeshwari Nagar. The erstwhile traditional locality, has now taken on a more cosmopolitan look.
You are reading: Rajarajeshwari Nagar property market: An overview
Rajarajeshwari Nagar is located off the Mysore Road, which is a major connectivity lifeline. Projects like Temple Bells (spread over 14 acres), have transformed the residential profile of this locality. In terms of apartments in Rajarajeshwari Nagar, 2 and 3-BHK homes have the maximum number of takers.
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While this area is a good bet for affordable to mid-range housing choices, neighbouring areas like Banashankari and Rajaji Nagar, cater to the upper-end of the market, owing to higher property rates.
Owing to the establishment of the Global Tech IT Park here, along with all necessary social infrastructure like reputed schools and hospitals, Rajarajeshwari Nagar is a self-sufficient locality that offers better land appreciation potential than most of its neighbours.
Connectivity with nearby Rajarajeshwari Nagar localities
- Well-connected to the city centre via Mysore Road and the Sirsi Circle flyover.
- Excellent connectivity to the rest of Bengaluru via the multi-level flyover at Nayandahalli along Mysore Road and the Outer Ring Road (ORR).
- Offers seamless connectivity to other areas via NICE Road and the ORR.
- Rajarajeshwari Nagar is 19 kilometres away from the Kempegowda International Airport.
Employment hubs near Rajarajeshwari Nagar
- Embassy Manyata Business Park – 14 kilometres via Rajarajeshwari Nagar Road and NH-75.
- Koramangala – 14 kilometres via 100-Ft Road.
- International Tech Park – 5 kilometres via Devasandra Main Raod and ITPL Main Road.
- Companies operating out of Global Village Tech Park in Rajarajeshwari Nagar – Accenture, Mindtree, Mphasis, NTT Data, Texas Instruments, Crompton Greaves, Hinduja Global Solutions and many more.
[ecis2016.org] Property rates & trends in Rajarajeshwari Nagar, Bengaluru
Civic amenities have grown significantly in Rajarajeshwari Nagar. Leading schools in Rajarajeshwari Nagar include New Horizon Public School, Orchids International School and Bangalore University. Reputed hospitals in Rajarajeshwari Nagar are SS Hospitals and Sri Venkateshwara Nethralaya. Popular malls in Rajarajeshwari Nagar include the Gopalan Arcade Mall and Arch Mall, to name a few. Tucked inside the township are popular eat-outs like Adigas and Beijing Bites. Gopalan Mall also has a multiplex and three fast food restaurants.
Developing physical infrastructure in Rajarajeshwari Nagar
- Phase II of the Namma Metro, connecting this area to Mysore Road and its extension towards Kengeri, will boost connectivity.
- The proposal to construct a four-lane road in the locality, will ease traffic snarls in the area.
Price trends in Rajarajeshwari Nagar
- Price appreciation – 2%-4% over the last year.
- Current property rates – Rs 3,228-5,196 per sq ft.
Reasons to invest in Rajarajeshwari Nagar
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Looking at the price trends in Rajarajeshwari Nagar, there is scope for healthy appreciation. The prices are still competitive and the proposed infrastructural developments, in tandem with the presence of the Global Tech Village, should enable this growth.
There are some issues, relating to ill-maintained roads, which make traveling on some stretches a little tough. However, Rajarajeshwari Nagar scores well, in terms of being a future investment destination.
Check properties in Rajarajeshwari Nagar
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
