Real Estate Overview of Virat Nagar, Bangalore

Location and Connectivity: The Vira Nagar area sits in the Bommanahalli area of South Bangalore, Karnataka. It is famous for its strategic location, providing convenient access to numerous employment centers and city amenities. It's near neighborhoods like Gala Nagar, Gokul TWP, and RJ Nagar, making it a practical area for families.

Property Rates: In Virat Nagar, the prices for properties change, meeting both budget and high-end demands. The average price per square foot is roughly Rs. 6,637, falling between Rs. 4,814 and Rs. 12,148. This wide range points to a versatile market, where people can find homes fitting their preferences and budgets.

Types of Properties: The area features both apartments and standalone houses. For apartments, costs start at Rs. 5,163 per square foot, like Indra Residency. These buildings usually offer bike and car parking spaces too. If you need more space, independent houses are a great choice, providing larger and unique living environments.

Rentals: Renters in Virat Nagar find affordable rental options. Typically, a 2 BHK apartment costs around ₹20,000 per month, with deposits starting at ₹60,000. Rentals are available in both apartment complexes and standalone houses, offering different furnishing styles and amenities.

Amenities and Infrastructure: The neighborhood has a developed infrastructure with easy connectivity. There are great schools, healthcare facilities like Sterling Orthopaedic Hospital and Abhinav Paediatrics Hospital, as well as shopping spots like Magnet Mall and Viva Mall. The area also has community spots such as Om Yoga Mandir, making it a place for peaceful living alongside urban convenience.

Market Trends: The Virat Nagar real estate market has seen steady growth, with property prices dropping 15.36% over the past year. This suggests it's a good moment to buy or invest in properties, as rates are now favorable for buyers and sellers alike.

PropertyWala's Verdict

Virat Nagar in Bangalore offers a wonderful choice for buying or renting. Its strategic location, varied property options, and well-built infrastructure mean it's a good spot for affordability, amenities, and potential investment. Right now, the market conditions suggest a great time for buyers to buy, and renters can enjoy the area's fair rental prices and varied housing styles. In sum, Virat Nagar is a lively, convenient locality that meets the needs of both families and young professionals.