Overview of Kalasipalyam New Extension, Bangalore

Locality and Amenities

Kalasipalyam New Extension is a place in Bangalore that offers a smooth living experience. It’s packed with essential services, such as hospitals, schools, colleges, and markets, making it a perfect spot to live.

Property Prices

• The starting cost of properties here is ₹18,000 per square foot.
• The typical price for properties averages considerably higher, at Rs. 87,024 per square foot. Remember, this average might be off due to little data or a few high-end properties.

Market Trends

• Property prices have dropped noticeably over the past year, seeing a massive 41.69% decrease. This drop could be inviting for investors or those wanting to buy.

Availability and Types of Properties

• Recently, only one property is on sale here, suggesting a tight market compared to other areas.
• Renters can choose from fully furnished flats. Examples include 2 BHK flats in standalone buildings, priced around ₹16,000 monthly.

Profitability

• Although property prices have fallen recently, the current trends hint that buying or selling could be profitable. This makes the area good for investors and end-users.

Nearby Areas

• Though data on Kalasipalyam New Extension is limited, comparing with the broader Kalasipalyam area is useful. This area has much lower property prices (starting at Rs. 6,122 per square foot) and has seen a 20.88% property rate drop this past year.

PropertyWala’s Insight

Kalasipalyam New Extension provides a blend of chances and factors to weigh for potential buyers and tenants. The area is loaded with essential amenities, boosting its livability. Yet, the high average property prices and great recent drop in property rates require careful thought. If you plan on investing or buying, today’s market might be excellent, but you should thoroughly review long-term potential and the limited property availability. For tenants, choices are more wallet-friendly and offer completely furnished options. Altogether, it’s an area worth considering. Yet, for an informed choice, deep research and market analysis are highly recommended.