Overview of Lalbagh Road Area, Bangalore

Location and Accessibility

Lalbagh Road stands out as a central locality in Bangalore, boasting superb connectivity. Positioned near prominent areas such as Richmond Town, Wilson Garden, and MG Road, it is an appealing choice for both residents and investors.

Property Types and Availability

• Apartments: Diverse apartments, including 2 BHK, 3 BHK, and 4 BHK, are accessible. They can be found in societies and projects, such as Vista Lalbagh.
• Independent Houses and Villas: There are also options for independent houses and villas, though they might be less common than apartments.
• Plots and Land: For those wanting to make their own property, plots of land are available in the Lalbagh Main Road area.
• Builder Floors: Some offer builder floors, a blend of independence and community living.

Pricing and Price Trends

• Apartment Prices:
  • Prices start at approximately ₹1.9 Cr to ₹9.5 Cr for Lalbagh Road apartments. This varies with size and amenities.
  • Typically, apartments cost about ₹20,499 per square foot, a range of ₹18,750 to ₹21,666 per square foot.
• Plot Prices:
  • A plot covering 7755 square feet starts at ₹12.09 Cr.

Amenities and Lifestyle

• Infrastructure and Amenities: Properties provide amenities like parking, power backup, swimming pools, and security. The area is well-equipped with schools, hospitals, and shopping centers.
• Environmental Benefits: Near the Lalbagh Botanical Garden, the area offers a greener, calmer living environment.

Rental Options

• Rental Prices:
  • Rentals range from ₹1.15 L to ₹2.50 L monthly for 2 BHK and 3 BHK apartments, depending on location and amenities.
• Types of Rentals: You can find semi-furnished and fully furnished apartments and builder floors and villas.

Market Trends

• Year-over-Year Growth: Property prices in Lalbagh Road have climbed by 13.01% over the past year, showing a strong market trend.
• Investment Potential: The area has strong potential for investment and resale, given current price trends and demand.

PropertyWala's Conclusion

Investing in Lalbagh Road, Bangalore is a smart choice for real estate and residential needs. With a central location, a variety of property types, and positive price trends, it's ideal for buyers and renters. The area's excellent infrastructure, amenities, and natural surroundings enhance its attractiveness. Whether you desire an upscale apartment, an individual house, or a plot for your dream home, Lalbagh Road offers the perfect options.