Overview of Old Madras Road, Bangalore

Site and Appeal

Old Madras Road is a renowned and popular spot in Bangalore, East, appealing to both buyers and renters. Known for its good links and services, the area is very desirable.

Types of Properties

• Apartments: Found in many setups like 1 BHK, 2 BHK, 3 BHK, and 4 BHK. Prices range from ₹55 lakhs to ₹1.1 crore for both a 1 BHK and a 2 BHK.
• Villas: At an average cost of ₹3.47 Cr, with a median price of ₹2.49 Cr.
• Land/Plots: Available for prices from Rs 4500-8900 per sq ft.
• Builder Floors: Priced between Rs 6950-18800 per sq ft.

Trends in Pricing

• Avg. Price per Sq.Ft.: About ₹ 8,566 for flats, spread from ₹ 3,833 to ₹36,000 per sq ft.
• Value Growth:
  • Flat prices climbed by 6.0% in the past year, 26.8% in the last three years, 30.3% in the last five years, and 73.2% over the decade.
  • Land prices surged by 54.9% in the past year, 120.0% in the past three years, 103.7% in the last five years, and 266.7% in the last decade.

Rental Choices

• Condos: Rent prices ranging from ₹20,000 to ₹ 1.2 Lac monthly. For instance:
  • 1 BHK: ₹20,000 - ₹23,000
  • 2 BHK: ₹30,000 - ₹43,000
  • 3 BHK: ₹40,000 - ₹70,000
  • 4 BHK: ₹53,000 - ₹ 1.2 Lac.
• Communities and Projects: Noteworthy ones include Pashmina Waterfront, Salarpuria Sattva East Crest, Brigade Exotica, and more, providing various rental options.

Perks and Links

• Located near many parts of the city with no issues.
• Offers various amenities including schools, hospitals, shopping outlets, and recreational spots.
• Several modern and upscale residential projects improve life in the area.

PropertyWala's Final Thoughts

Old Madras Road in Bangalore boasts a vibrant real estate market with varied property choices for buying and renting. With noteworthy trends in property value increase, particularly for land rates, this area stands out for investors. For people thinking about relocating, the selection of rental properties for different budgets plus the presence of fully-serviced residential societies offer plenty of options. Staying updated with the latest market trends will help you make smart choices. Combining good ties, perks, and good investment chances, Old Madras Road is an excellent choice for those with diverse real estate needs and tastes.