Overview of Richards Town, Bangalore

Richards Town, nestled in Central Bangalore, stands out as a top choice for both buyers and renters. It shines for its prime location, amenities, and historical importance.

Pricing and Trends

High property prices display Richards Town's premium standing. Per square foot, the average price ranges from ₹12,478 to ₹15,993, with starting prices reaching about ₹19,755 per sqft.

• Apartment prices vary by configuration. For 2 BHK flats, prices range from ₹65 lakhs to ₹1.10 Cr. 3 BHK flats vary from ₹1.35 Cr to ₹5.60 Cr. 4 BHK flats fall between ₹4.50 Cr and ₹5.30 Cr.

Availability and Types of Properties

Richards Town offers a blend of ready-to-move and resale properties. About 25 flats are currently on the market, primarily 2 BHK units (24%) and 3 BHK units making up around 52%.

• Notable projects in the area are Prestige Woodland Park, Rohan Upavan, MIMS Northbrook, Raaga, and Regency Heights.

Amenities and Infrastructure

Essential amenities here include markets, schools, colleges, supermarkets, hospitals, and worship places. Residents rate connectivity on major routes and roads at 3.47/5.

• You’ll find nearby landmarks like Richards Park, Hall Road, educational institutions, and healthcare facilities.

Safety and Livability

Richards Town is generally a posh, stable locality, though some residential safety issues have been noted. Yet, thanks to its good infrastructure and amenities, it remains a top pick in Bangalore.

Investment and Rental Perspective

It might be a great moment to buy properties in Richards Town since property rates have dipped -1% on a quarter-over-quarter basis.

• For renters, there are options such as a 3 BHK flat for ₹75,000, with smart facilities and a well-maintained community.

PropertyWala's Insight

Seeking a premium living in Central Bangalore? Richards Town is a must-look. Despite some safety worries, the locality’s charm, amenities, and infrastructure make it enticing. A broad spectrum of property options, from affordable to luxurious, matches market trends, suggesting it's time to invest or live here. Yet, potential buyers need to weigh property prices, trends, and any specific concerns before deciding.