Overview of NR Colony, Bangalore

NR Colony, in the Basavanagudi area of Bangalore, stands out as a top choice for buyers and renters alike because of its great location, facilities, and access to different parts of the city.

Location and Connectivity

• Located centrally in Bangalore, NR Colony is very easy to reach and connects you to many parts of the city.
• You're close to popular places like Ram Mandir, BMS Engineering College, and Jayanagar metro station.
• You benefit from easy access to main roads and public transport.

Property Prices and Trends

• The average cost for properties in NR Colony is roughly ₹15,522 per square foot.
• The price range starts at ₹12,033 per square foot and rises higher for luxury properties.
• There was a 17.69% drop in property prices last year, making it a good time to buy.

Types of Properties Available

• Apartments:
  • You’ll find apartments with 2 BHK, 3 BHK, or even larger.
  • Prices range from ₹1.11 Cr to ₹4.25 Cr.
  • Many are move-in ready and have features like modular kitchens, elevators, power backup, and security.
• Independent Houses:
  • Available houses include 2 BHK to 4 BHK.
  • Prices start around ₹63 Lac and max out at ₹3.25 Cr.
  • These usually have east-facing doors, clear titles, and good air flow.
• Plots:
  • Large plots measuring 40x60 are available and range in price from ₹5.52 Cr to ₹5.70 Cr.

Amenities and Infrastructure

• Schools and Colleges:
  • Educational institutions like BMS Engineering College are nearby.
• Healthcare:
  • Nearby hospitals and clinics.
• Shopping:
  • Close to shopping centers and local markets.
• Transportation:
  • The Jayanagar metro station is close by.
• Community Facilities:
  • Many properties come with amenities like parking spaces, security, and power backup.

Rental Options

• Renters get apartments from 1 RK to 3 BHK and standalone houses.
• Monthly rent starts at ₹5,000 for a 1 RK flat and can increase depending on property type and amenities.

PropertyWala's Conclusion

NR Colony in Basavanagudi, Bangalore, blends convenience, amenities, and affordability, making it a compelling choice for both buyers and renters. It possesses a strategic location, numerous properties, and great connectivity. NR Colony offers an ideal mix of comfort, convenience, and investment prospects. However, it’s vital to think about the recent drop in property rates and market conditions. Seeking advice from real estate experts and doing extensive research can guide you to an informed decision.