Overview of Chikkabanavara, Bangalore

Location and Amenities

Chikkabanavara is a popular Bangalore locale offering both homes and conveniences, making it attractive to homebuyers and renters alike. This well-connected area houses key facilities like schools, banks, and other essential services just around.

Property Prices

For Buying

• Properties in Chikkabanavara begin around Rs. 1,500 per square foot, with an average of roughly Rs. 4,746 per square foot.
• Prices vary from Rs. 4,037 per square foot up to Rs. 5,833 per square foot.
• Available properties range from ₹20Lac to ₹60Lac with 22% priced between ₹20Lac - ₹40Lac and 20% in ₹40Lac - ₹60Lac.

For Renting

• Rentals start from ₹ 3,400 to ₹ 8,200 per month for 1 BHK houses.
• 2 BHK houses rent out for ₹ 7,600 to ₹ 15,600 per month.
• For higher-end options, a 3 BHK house is available for rent at ₹60,000 per month.

Property Types

• Apartments and Independent Houses: You can find both types here. These come with amenities such as modular kitchens, solar heaters, granite floors, and modern interiors.
• Villas: Some properties offer multi-floor space with utilities suited for families.

Price Trends

• Property rates in Chikkabanavara have fallen by 9.68% over the past year.
• A 14% increase was noticed in Q-o-Q prices in 2023 with a -10% change in 2022.

Pros and Cons

Pros

• This locality is great, connected with essential amenities nearby.
• Wide price range for different budgets.
• Affordable and luxury housing mix options.
• Modern amenities and good design.

Cons

• There’s been a recent year-over-year drop in property rates which shows a possible market volatility.

Popular Searches and Projects

• Buyers and renters flock to Chikkabanavara for varied houses in Bangalore. Here, you can find several ongoing and completed housing projects meeting diverse needs.

PropertyWala's Conclusion

Chikkabanavara is a standout real estate market in Bangalore offering varied housing options for different budgets and tastes. Even though recent trends hint at a favourable market for buyers, staying updated on the market is vital due to past volatility. This area’s connectivity, amenities, and mix of properties make it an appealing option for potential buyers and renters. It’s essential to consider current market trends and your specific needs before making a choice.