Overview of Rajaji Nagar Industrial Town, Bangalore

Historical Context

Rajaji Nagar, originally designated as an industrial suburb, was celebrated by the Maharaja of Mysore, Jayachamaraja Wadiyar, in 1949. The area was structured into sectors for textiles, machinery, chemical plants, and food production, while residential plots filled the remaining land.

Property Prices and Trends

Average and Range of Property Prices

• Properties in Rajaji Nagar Industrial Town average Rs. 10,652 per square foot.
• Property prices range from Rs. 7,291 to Rs. 12,500 per square foot.

Year-over-Year Growth

• Property rates experienced a 3.22% year-over-year increase last year.

Types of Properties Available

Residential Properties

• Apartments and independent houses are available. Here are the average prices:
  • Apartments: Around ₹10,000 per sqft
  • Independent Houses: Around Rs. 9,000 per sqft

Industrial Properties

• Industrial plots are up for sale and rent. Some plots fit for creating IT parks, corporate offices, malls, and hospitals. An industrial plot for sale is at Rs. 9,000 per square foot, totaling 22,000 square feet, and Rs. 19.8 crores in price.

Amenities and Connectivity

Infrastructure

• The region connects to major roads like Yeshwanthpur Main Road, and is near the Goraguntepalya Metro Station/BUS stop.

Housing Societies

• Various societies are available like Birla Tisya, Phoenix One Bangalore West, Sobha Indraprastha, DNR Highline. Prices range from Rs. 70 lac to Rs. 8 crores.

Challenges and Considerations

Current Issues

• Even with its original intent, issues like water shortages and traffic congestion are affecting the area due to ongoing projects.

PropertyWala's Conclusion

Rajaji Nagar Industrial Town mixes both residential and industrial spaces. It's a good choice for buyers and investors with rising property rates. However, current infrastructure challenges should be considered. The locality’s connectivity and property variety make it worth evaluating, especially the effects of ongoing development on living standards.