Overview of Murphy Town, Bangalore

Murphy Town, known also as Knoxpete and Hoysala Nagar, lies near Bangalore Cantonment, India. Let’s look at the real estate for those thinking about buying or renting in this area.

Historical and Cultural Significance

• Murphy Town boasts a deep history, starting from 1865 when Tamil workers involved in tanning, leather work, and pottery settled here.
• It was renamed in 1937 to honor W H Murphy, who played a pivotal role in various infrastructure projects in Bangalore Cantonment.

Property Prices and Trends

• Starting and average price for properties here is Rs. 12,916 per sqft as of 2024.
• There's been a steep decline in property rates – a 33.37% drop in the past year, indicating a great time to buy.

Types of Properties Available

• This town features a mix of apartments and standalone houses. Key highlights include:
  • Apartments: Come in various layouts, with 2 BHKs priced around Rs. 1.25 Cr.
  • Standalone Houses: Built using traditional elements – cement, bricks, and Mangalore tiles – reflecting the scheme designed by W H Murphy.

Infrastructure and Amenities

Educational Facilities

• The area has a government school initially for Tamil medium now converted to Kannada medium plus nearby schools offering English medium education.

Market and Shopping

• Known for its meat shops, Hoysala Nagara Market is renowned. There’s also VM Stores, a 100-year-old store.

Recreational Spaces

• Several playgrounds are present, with the Hoysala Nagara Playground being particularly notable for producing many national-level football and hockey players.

Places of Worship

• Several Hindu temples and the Good Shepherd Church call this area home.

Community and Demographics

• The diverse population here includes many Tamil, Kannada, and Telugu speakers. Murphy Town thrives on its strong communal bond with ancestors often linked back to the British era.

Rental Options

• Rent for flats in Murphy Town is affordable, varying by builder, area, and BHK layout. It caters to all socio-economic groups, offering accessible rentals.

PropertyWala's Verdict

Murphy Town combines historical richness, diverse community, and affordable property prices, thus presenting an appealing opportunity for both buyers and renters. The dip in property rates strengthens its attractive investment potential. Buyers should, however, be mindful of ongoing issues with land ownership and limited rent hikes for some of the older homes. Overall, Murphy Town offers a perfect mix of heritage and contemporary living, making it a smart choice for anyone looking to be part of a lively, storied community in Bangalore.