Shankar Nagar, perched on the northwest side of Bangalore, stands out as a favored residential area blending independent houses, multi-story apartments, and builder floors. Key real estate aspects should all be reviewed here.

Connectivity and Infrastructure

Shankar Nagar is well-connected via Yeshwantpur railway station and the Green Line metro. Getting to Kempegowda International Airport takes about 45 minutes by road, despite being 35 km away. Major industrial zones like Peenya, Koramangala, Whitefield, and Electronic City are just an hour’s drive away.

Property Prices and Trends

Property here starts at Rs. 8,888 per square foot, with the average hovering similarly. It's a stable market for both buyers and sellers. Although prices have minor changes, overall, investing in Shankar Nagar might be profitable in the long run.

Amenities and Facilities

This locality has essential civic amenities. Noteworthy hospitals like Raksha, Sparsh, and Columbia Asia are in the area. Schools like New Carmel English, Lourdes High, and National Public stand out. Shopping spots, such as Vaishnavi Sapphire Mall and Mantri Square, further enrich the local environment.

Rental Market

Affordable to mid-range rents exist here. 2 BHK apartments can be found between Rs. 9,500 to ₹18,000 per month, and 3 BHK flats from ₹14,000 to Rs. 27,500 per month.

Investment Potential

Investing here promises good returns. High demand exists for 2 BHK and 3 BHK units. Close to industrial and IT zones ensures consistent tenant influx, keeping demand high.

Challenges and Considerations

Shankar Nagar boasts many benefits, but it tackles heavy traffic issues and cleanliness. These concerns may need administrative support.

Final Verdict by PropertyWala

Shankar Nagar, Bangalore, appeals to both buyers and renters due to strong connections, solid infrastructure, and diverse property prices. Proximity to top educational and business areas, plus developed amenities, make it promising. Traffic and cleanliness should still consider. Still, in the long run, Shankar Nagar offers excellent long-term growth potential.