Overview of Shivaji Nagar, Bangalore

Location and Connectivity

Shivaji Nagar stands out as a key, centrally located area in Bangalore, providing excellent ties to significant spots like metro stations, airports, highways, schools, hospitals, and malls. Thanks to this strategic situation, it's a hot pick for both buyers and renters.

Property Types and Prices

• For Sale:
  • Options include 1 BHK to 5 BHK flats and standalone houses.
  • Prices stretch from ₹23.4 Lac to ₹6.28 Cr.
  • Examples: a 3 BHK standalone house costs ₹60 Lac, while a 2 BHK flat is priced at ₹1.50 Cr.
• For Rent:
  • Rentals for 2 BHK flats sit between ₹18,000 to ₹60,000 per month.
  • 3 BHK flats are rented out for ₹25,000 to ₹85,000 monthly.
  • Lease durations usually range from 12 to 36 months.

Price Trends

• The average price per square foot in Shivaji Nagar comes out at around ₹10,036, with prices ranging from ₹4,833 to ₹19,130 per square foot.
• A noticeable year-over-year drop of 52.55% in property prices is worth considering for investors and buyers alike.

Amenities and Facilities

• Residential properties usually include modern conveniences such as:
  • Reliable water and drainage services by the local corporation
  • 24*7 power backup
  • Access to lifts and security
  • Modern kitchens
  • Geysers, fans, and lights
  • Balconies and pooja rooms
  • Spaces for car and two-wheeler parking.

Infrastructure and Utilities

• The place boasts top-notch infrastructure, featuring reputed hospitals like Broadway Hospital, City Hospital, and Govt. H.S.I.S Gosha Hospital.
• You'll find a variety of schools, including Government VKO School, Madani Public School, St. Mary's Public School, and St. Xavier's Boys School.
• Shopping ranges from malls like Palace Mall to local markets, offering diverse retail options.

Investment Potential

• Shivaji Nagar is famous for steady property value hikes, making it a tempting option for real estate investments.
• The presence of leading developers and current residential and commercial projects greatly enhance its investment appeal.

PropertyWala's Conclusion

To sum it up, Shivaji Nagar provides a fascinating blend of affordability, luxury, and convenience, making it perfect for buyers and renters. Its advantageous location, strong connectivity, and variety of amenities make it a vibrant real estate market. Even with the recent dip in property prices, its past growth trend and ongoing developments suggest significant long-term investment prospects. Whether seeking a residential spot or a profitable investment, Shivaji Nagar truly deserves a look.