Overview of Omkar Nagar, Bangalore

Location and Accessibility

Omkar Nagar, found in the Arekere area of Bangalore, is a residential zone that provides decent connectivity. The locality is close to important areas like Kalena Agrahara and Vijayashree Layout, giving it ease of access for city commutes.

Property Prices

• The starting price for properties in Omkar Nagar is roughly ₹6,666 per square foot.
• Average property prices stand around ₹8,321 per square foot.
• The costliest properties can reach up to ₹12,619 per square foot.

Year-on-Year (YoY) Growth

• Property values in Omkar Nagar have skyrocketed, with a 49.12% YoY growth last year, pointing to a favorable market for sellers and buyers.

Types of Properties

• Apartments and Flats: Various layouts, such as 2 BHK flats, are typical here. They often include parking for bikes and cars and usually feature semi-furnished conditions.
• Price Range: Available properties span from ₹1.16 Cr to ₹2.14 Cr.

Rental Options

• If you prefer renting, 2 BHK flats are accessible starting at ₹21,000 per month with a ₹1 lakh deposit. These rentals include semi-furnished units and might offer extras like parking.

Market Trends

• Omkar Nagar's property market is currently growing. Due to its location and expanding infrastructure, demand is up.

Amenities and Infrastructure

• This neighborhood has essential amenities like schools, hospitals, and malls.
• Public transport spots are close by, enhancing commute convenience.

PropertyWala's Conclusion

Omkar Nagar, Bangalore, stands out for real estate investors and home buyers. With strong YoY price gains, varied housing ranges, and solid connectivity, this area shines for those looking into Bangalore's real estate. Whether you aim to invest for the long term or rent out, Omkar Nagar promises affordability, convenience, and future property value growth.