Overview of Parvathipuram, Bangalore

Place and Amenities

Parvathipuram, situated in the Basavanagudi area of Bangalore, stands out for its abundance of amenities. The locality offers easy access to hospitals, schools, and good transportation options, making it an appealing choice for both inhabitants and investors.

Property Pricing

• The property prices in Parvathipuram begin at a minimum of Rs. 799 per sqft, although this rate is exceptional.
• The average price for properties in Parvathipuram is around Rs. 20,398 per sqft.
• There are:
  • Independent houses priced as high as Rs. 3.5 Crores, which come with a monthly maintenance fee of Rs. 6,000.
  • Flats, for instance, a 2 BHK in projects like Anmol Regency, can be priced at around ₹1 Crore with a rate of ₹8,475 per sqft.

Kinds of Properties

• Apartments: Available in different formats, priced in line with the average rates in the region.
• Single-Family Homes: These can be purchased for prices up to crores, and include added monthly maintenance costs.

Market Trends

• The property market in Parvathipuram is deemed profitable for both purchasing and selling. Current prices suggest trends that favor investors as well as end-users.
• The range of price points is broad, offering everything from affordable options to extravagant properties, thus making it a varied market.

Living Standards

• The neighborhood provides excellent connectivity and is in proximity to essential facilities like hospitals and schools, thus enhancing residents' quality of life.

Rent Choices

• One can find fully furnished apartments renting out, coming complete with amenities such as TV cabinets, beds, kitchen cabinets, and cupboards, catering to those who want a worry-free rental experience.

PropertyWala's Final Thoughts

From a real estate viewpoint, Parvathipuram in Bangalore is a strong consideration for both potential homebuyers and renters. This area's proximity to essential services, variety of properties, and positive market trends make it highly appealing. Nevertheless, it is vital to examine specific property costs and trends to reach an informed decision. With its connectivity and good standard of living, Parvathipuram offers a fantastic location for property investment or residential living.