Overview of Akshaya Nagar, Bangalore

Location and Connectivity

Akshaya Nagar is a luxury residential area located in the southern region of Bangalore. Nestled right next to NH-48, the locale offers excellent connections to several major points:

• Yelenahalli Bus Stop
• Arekere MICO Layout Bus Station
• Singasandra metro station
• Kudlu gate metro station.

Infrastructure and Amenities

The locality is known for its top-notch infrastructure, featuring numerous amenities:

• Healthcare: Government Primary Healthcare Center Begur, Jayashree Multi Specialty Hospital, Brahmi Ayurvedic Center.
• Education: St Francis ICSE school.
• Shopping and Recreation: South India Shopping Mall, Cinepolis, Galaxy Paradise.
• Transportation: Excellent public transport, well-paved roads, and plenty of cab/auto availability.

Property Types and Prices

The area provides a wide array of properties:

• Flats:
  • Average price per square foot: Rs 6,900
  • Price range: Rs 5,400 - Rs 11,650 per square foot
  • Recent price increase: by 27.8% yearly, 27.8% in 3 years, 25.5% in 5 years, and a whopping 72.5% in the last 10 years.
• Builder Floors:
  • Price range: Rs 5,350 - Rs 10,400 per square foot.
• Land:
  • Price range: Rs 6,650 - Rs 9,400 per square foot.
• Residential Plots:
  • Prices range from 80 Lac to 2.15 Cr., varying based on the area.

Notable Housing Societies

Highly esteemed housing societies found in Akshaya Nagar:

• DLF Westend Heights New Town: Prices start from 80 Lac to 2.15 Cr.
• Akshay Gardens: Ranges around 1.65 Cr.
• BM Apsara Gold: Costs around 3 Cr.
• Kranthi Enclave: Typically priced about 90 Lac.
• Opal Akshaya: Ranges around 45 Lac.
• Suraksha Springs: Prices generally around 80 Lac.

Upcoming Projects

New and upcoming projects in the area include:

• Prestige Southern Star: A 35-acre development by the Prestige Group with 1, 2, 3, and 4-BHK layouts priced from Rs 9,000 - 9,500 per square foot. It features over 65 premier amenities and is set for completion by December 2028.

Rental Market

Rental prices for those seeking to stay include:

• 1 BHK Flats: Rs 17,025 - Rs 17,475 per month
• 2 BHK Flats: Rs 24,450 - Rs 96,800 per month
• 3 BHK Flats: Rs 40,125 - ₹69,000 per month Monthly maintenance fees generally range from Rs 1,500 to Rs 6,000.

PropertyWala's Final Thoughts

Akshaya Nagar, Bangalore, stands out both for buyers and renters, due to its strong infrastructure, superb connectivity, and several property choices. It's near many essential services, including schools, clinics, and shopping, making it ideal for both families and professionals. However, be wary of parking troubles and lack of direct metro links. Given the steady price rise and ongoing new projects, Akshaya Nagar continues to be a solid investment in Bangalore's real estate market.