Overview of Pragathi Nagar, Bangalore

Location and Accessibility

Pragathi Nagar lies in Bangalore, close to major locations such as Hosa Road and Naganathapura. This means easy access to different parts of the city.

Property Prices

• Average Price per Sqft: Properties in Pragathi Nagar commonly cost about ₹4,500 per sqft.
• Starting Price per Sqft: From ₹3,500 per sqft, properties in this area get off the ground.
• Price Range: Prices can range from ₹3,500 to ₹4,500 per sqft, with higher luxury costs possible.

Types of Properties Available

• Apartments: Most common here, they come in different sizes: 1 BHK, 2 BHK, and 3 BHK configurations.
• Villas: Not very common but there they are.
• Plots: Also, there are residential plots sold for a range of ₹46.7 Lac to ₹2.80 Cr.

Market Trends

• Year-over-Year Growth: Property rates here have dropped 32.73% in the past year, suggesting a buyer’s market.
• Quarterly Price Changes: Prices see ups and downs, but a stable-to-somewhat decreasing market trend is the norm.

Rental Options

• Rentals: Available options include semi-furnished and fully furnished 2 BHK and 3 BHK apartments. Rents range typically from ₹35,000 to ₹90,000 a month.

Investor and Buyer Insights

• Affordability: Most properties sell at ₹60Lac to ₹80Lac or ₹80Lac to ₹1Cr, moderately priced.
• Profitability: Even with recent price drops, the area still provides good buying and selling potential if timing is right.

PropertyWala's Conclusion

In Bangalore, Pragathi Nagar provides a good mixture of affordability and location, attractive for both buyers and renters. Even with recent price drops, now's a moment to consider buying lower-cost investments. Keep an eye on the area's market trends and prices. With various property types and moderate costs, Pragathi Nagar is a good spot for both investment and living.