Overview of Banashankari Stage 3, Bangalore

Location and Connectivity

• Banashankari Stage 3, one of the city's popular South Bangalore areas, is located here.
• The locality has excellent connectivity, enabling easy access to major roads, metro stations, and landmarks such as Big Bazaar, Katriguppe, and PES University.

Property Types and Prices

• Banashankari Stage 3 offers various property types including apartments, independent houses, builder floors, plots, and warehouses. Apartments:
  • Prices range from ₹59.5 lakhs to ₹2.42 crores.
  • The average price per square foot is around ₹ 6,900 to ₹ 11,950. Independent Houses:
  • Prices range from ₹ 1.25 Cr to ₹ 5.04 Cr.
  • The average price per square foot is approximately ₹ 22,002. Builder Floors:
  • Prices range from ₹ 1.45 Cr to ₹ 4.25 Cr.
  • The average price per square foot is around ₹ 24,094. Plots and Land:
  • Land rates are between ₹13,000 to ₹ 16,550 per square foot.
  • For smaller plots, the price is as low as ₹ 17 Lac. Warehouses:
  • A spacious warehouse is priced around ₹ 4.5 Cr.

Amenities and Infrastructure

• Banashankari Stage 3 is near many commercial facilities, schools, colleges, temples, and other essential amenities.
• Properties often feature granite flooring, teak doors and windows, Cauvery and CMC water connections, and sometimes borewells.

Price Trends

• Flat rates have decreased by 25.8% in the past year.
• Over the last 3, 5, and 10 years, prices have appreciated by 14.0%, 19.5%, and 23.5% respectively.
• Land rates have appreciated by 139.1% over the last decade.

Key Landmarks and Accessibility

• Major nearby points are Tata Promont, Kamakya Theatre, Brahmins Mane Thindi Restaurant, and VBB Bakery.
• Access to bus stops, metro stations, and major roads like Nice Road and the PES Toll Plaza is easy.

PropertyWala's Conclusion

Banashankari Stage 3 in Bangalore is highly sought after, featuring both luxury and affordability in real estate. Its excellent connectivity, proximity to essential amenities, and range of property types make it attractive for buyers and renters. However, it’s important for potential buyers to consider recent market trends that show a depreciation in flat rates, but long-term appreciation in property values. This locality balances urban convenience and residential comfort, making it a great choice for those investing in Bangalore's real estate market.