Overview of Richmond Town, Bangalore

Richmond Town, nestled in Bangalore's central area, is a place rich with colonial history and combines traditional and modern living.

Location and Accessibility

• Richmond Town is centrally positioned, offering easy access from numerous parts of the city.
• The locale is near significant landmarks like Richmond Road, Brigade Road, and Residency Road.

Property Prices and Trends

• Typically, the price per square foot in Richmond Town is about ₹18,147, with prices as low as ₹7,000 and as high as ₹34,932 per sqft.
• Over the past year, property rates have climbed by 16.11%, showing a booming market.

Types of Properties Available

• Apartments: Find configurations ranging from 1 BHK to 4 BHK, priced between ₹90,100 for a 1 BHK and ₹8.25 Cr for a 4 BHK semi-furnished unit.
• Independent Houses: Starting from ₹1.70 Cr for a 2 BHK house and stretching up to ₹5.75 Cr for a deluxe 4 BHK villa.

Rental Options

• Renting options span 1 BHK to 6+ BHK residences, with prices beginning at ₹50,000 for a 2 BHK and up to ₹4 Lac for a 3 BHK.
• Average rent per square foot varies from ₹43 to ₹94 based on the society and amenities.

Amenities and Infrastructure

• Schools: Nearby are well-known schools such as Baldwin Boys' High School, Baldwin Girls' High School, and The Frank Anthony Junior School.
• Hospitals: Hospitals like Gleneagles Hospitals, Fortis Hospital, and St. Philomena's Hospital are in the vicinity.
• Shopping and Dining: There are supermarkets such as Royalmart and Nilgiris, plus restaurants like The Lantern Restaurant & Bar and Spiceklub.
• Fitness and Recreation: Numerous gyms and fitness centers like Cult Gym and Raw Fitness are close by.

Demand and Supply

• There's high demand for 3 BHK apartments, with a good supply meeting some of this demand.
• Many are looking for properties in the ₹2 Cr to ₹5 Cr range, while a significant portion of the supply exceeds ₹5 Cr.

PropertyWala's Conclusion

Richmond Town stands out with its mix of historical appeal, modern amenities, and central location. It makes it a great choice for buyers and renters. The growing property prices and strong demand signal a thriving real estate market. Still, it's important to think carefully about trends and options to make a smart choice that matches your budget and lifestyle. Whether you seek an affordable apartment or a luxury home, Richmond Town offers diverse choices.