Overview of Ashok Nagar, Bangalore

Location and Connectivity

Ashok Nagar is nestled in the central business district of Bangalore in Karnataka. It is one of the oldest areas here and is conveniently linked to Yelahanka, Bommanahalli, Krishnarajapura, and Kengeri. Reliable railway and bus services make it easy to get around, plus it's near the MG Road Metro Station.

Real Estate Market

• Property prices in Ashok Nagar are some of the top in the city. This is because it’s central and close to IT hubs and parks like Prim Park and Fortune Summit IT Park.
• The average price hits about ₹16,362 per square foot with the least cost at ₹17,073 per square foot and most expensive coming to ₹29,147 per square foot.

Price Trends

• Over the past year, Ashok Nagar fell by 9.6% but climbed by 19.5% in three years. This year-to-year drop of 22.92% suggests a buyer's market.

Types of Properties

• There's a big variety of homes there—gated communities, standalone villas, and multi-story apartments come to mind. Options are plenty for 1 BHK, 2 BHK, 3 BHK, and 4 BHK flats. You can find both semi-furnished and unfurnished units.

Amenities and Facilities

• Residents enjoy elite hotels, restaurants, healthcare centers, schools, colleges, and banks nearby.
• Schools include Good Shepherd Convent, St. Agnes Higher Primary and St. Joseph's Pre-University College.
• Hospitals like Fortis Hospital Richmond Road, Gleneagles Hospitals, and St Philomena's Hospital are also close by.
• Gyms, fitness centers, and eateries abound in the area.

Demand and Supply

• Many people want to rent or buy apartments in Ashok Nagar. 66% prefer flats, while 29% aim for office spaces.
• Mostly, people favor apartments, especially expensive ones priced over ₹50 lakhs.

Rental Options

• Rentals vary greatly: ₹14,000 to ₹50,000 per month for a 1 BHK unit, ₹30,000 to ₹85,000 for a 2 BHK, and ₹1 lac to ₹2.5 lacs for 3 BHK and 4 BHK units.
• You’ll find rentals in societies like Ahuja Skav 909 Lavelle, Prestige Towers, Prestige Kingfisher Towers, and Brigade Orchid.

PropertyWala's Conclusion

With a prime location, strong connectivity, and many amenities, Ashok Nagar is a solid choice for buyers and renters alike in Bangalore. Even though prices dipped recently, its proximity to IT hubs makes it stable over the long term. There's something for everyone in terms of property types and prices. However, keep an eye on market trends for a better investment decision. High living standards, jobs, and central location make Ashok Nagar a great prospect for real estate in Bangalore.