Neeladri Nagar, Bangalore

Location and Reach

Neeladri Nagar in Electronic City is one of Bangalore’s major IT zones. It's easily connected to other city areas, making it a favorite for investors and professionals in tech.

Real Estate Prices and Moves

• Standard Price per Sq.Ft: Properties here average ₹4,481 per sq.ft.
• Price Spread: Property rates range from ₹3,999 to ₹6,047 per sq.ft.
• Recent Change: Property prices dropped by 15.88% over the past year, making it buyer-friendly.

Kinds of Real Estate

• Condos and Apartments:
  • One BHK: ₹26.3 lakh to ₹31.7 lakh.
  • Two BHK: ₹43.8 lakh to ₹84.3 lakh.
  • Three BHK: ₹55 lakh up to over ₹1 crore.
• Homes:
  • Independent houses like the 2 BHK are around ₹70 lakhs (~₹7,000 per sq.ft.).
• Rental Spaces:
  • Options for 1, 2, and 3 BHK both rented and commercial and furnished.

Rental Prices

• Average Rent per Sq.Ft: Rental costs here can vary from ₹15 to ₹42 per sq.ft, depending on each particular spot within Neeladri Nagar and Electronic City.

Amenities and Infrastructure

• Offices Nearby: Being in Electronic City, Neeladri Nagar is near big tech firms and IT parks.
• Education: Various schools and educational institutions are in the area.
• Shopping and Fun: It’s home to malls, restaurants, and lots of entertainment.
• Healthcare: Plenty of hospitals are close by.

What This Means for Property

• Buying Chances: With prices going down, now might be good to buy properties in Neeladri Nagar.
• Rent Perks: A vibrant rental market could give good rental income for investors.

PropertyWala's Take

Neeladri Nagar in Bangalore’s Electronic City is a solid real estate choice for buyers and renters. Near major IT hubs and with solid infrastructure, it’s a prime spot. Even with the price drop, its future growth and rental yields make it a smart investment. But, always check in with professionals before making big decisions.