Overview of Padmanabhanagar, Bangalore

Location and Connectivity

• Padmanabhanagar sits in South Bangalore, linked directly by National Highway 948, this highway connects Kanakpura to the heart of Bangalore city.
• Bounded by Kumaraswamy Layout, Uttarahalli, Kathriguppe, Chikkakalsandra, Gowdanapalya, Chennamanakere, and Kadirenahalli.

Real Estate Market

• Known for its old Bangalore charm, Padmanabhanagar has become a top real estate hotspot in Bangalore. It’s seen as peaceful and genteel.
• You’ll find lots of different properties like apartments, villas, and lands in Padmanabhanagar.

Property Prices

• Starting prices for Padmanabhanagar properties begin at Rs. 4,210 per square foot. The mean price hovers around Rs. 8,984 per square foot.
• Flats here vary in price from Rs. 5,450 to Rs. 9,550 per square foot.
• Land might cost Rs. 8,500 to Rs. 22,100 per square foot, while builder flats sit around the Rs. 9,000 per sqft mark.

Price Trends

• Over the last year, property values here dropped by 11.47%.
• Flat prices went down by 41.9% this year but saw a 73.6% appreciation over the past decade.

Infrastructure and Amenities

• Padmanabhanagar offers advanced civic and social infrastructure. Good healthcare and educational facilities are available.
• It’s linked to IT parks and employment centers even though they aren’t just around the corner.
• There are shopping malls, multiplexes, restaurants, and hotels here too for fun and recreational activities.

Rental Market

• Monthly rent for a 2 BHK flat ranges from ₹15,000 to ₹20,000, whereas for a 3 BHK it’s between ₹26,000 to ₹62,000.
• Brokerage-free rental options are widely available, offering good facilities and connectivity.

Types of Properties Available

• Apartments: Comes in various configurations like 2 BHK and 3 BHK flats.
• Villas: Free-standing homes available, varying in size and pricing.
• Land: Residential plots with prices changing based on size and location.

PropertyWala's Conclusion

Padmanabhanagar in Bangalore provides a solid real estate option blending traditional and modern comforts. With its developed infrastructure, easy access, and diverse property types, it’s appealing for both buyers and renters. Yet, watching the price trends and noting the recent decline is important. Padmanabhanagar balances peace and accessibility well, appealing to those wanting to invest or live in South Bangalore.