Overview of MG Road, Bangalore

MG Road, or Mahatma Gandhi Road, stands out in Bangalore with its mix of commercial, retail, and residential spaces.

Property Types and Pricing

• Residential Properties:
  • Residential property prices in MG Road cover the ₹19,147 to ₹19,622 per square foot range as per recent trends.
  • You’ll find apartments, villas, and builder floors here. For example, a 2 BHK flat costs between ₹1.1 crore and ₹2.28 crores, and a 3 BHK flat falls in the same range.
  • Sale prices vary widely from ₹1.6 crore to ₹14.3 crore.

Market Trends

• Price Appreciation:
  • Property rates along MG Road have spiked by 23.34% in the last year.
  • Over the last decade, prices have appreciated about 28.6%, including a 7.1% jump last year and a 10% drop in the past five years.

Availability and Configuration

• Properties Available:
  • Currently, there are around 37 properties on sale, featuring a mix of apartments, villas, and commercial spaces.
  • According to recent data, 71% of these are 3 BHK apartments, 24% are 4 BHK flats, and 5% are 2 BHK flats. Apartments represent 41%, commercial office spaces 34%, and builder floor apartments 14%.

Amenities and Infrastructure

• Lifestyle Amenities:
  • MG Road combines commercial activities with retail offerings. You’ll find offices, banks, shops, theaters, and key lifestyle amenities.
  • Schools, malls, and hospitals are nearby, covering daily residents’ needs.

Rental Market

• Rental Options:
  • In MG Road, tenants have plenty of options, such as 1/2/3 BHK flats, furnished and semi-furnished properties, office spaces, and showrooms.
  • For example, renting a 3 BHK flat may cost around ₹2.41 lakh per month, while a 4 BHK house could cost ₹2.25 lakh plus maintenance fees.

PropertyWala's Conclusion

MG Road in Bangalore offers an appealing choice for both buyers and renters. Its prime location, strong infrastructure, and positive market trends make it a lucrative opportunity. The high appreciation rates and fast sale turnover attract investors but also require good planning to handle the high prices and competitive market. For those looking for a balance of convenience, lifestyle amenities, and long-term investment potential, MG Road should be on your radar.