Frazer town has gained importance from the commercial sector too. Being one of the oldest residential areas in Bangalore, Frazer Town continues to be among buyers’ favorite which reflected well in the rising property values. Frazer Town in Bangalore has witnessed 14 percent realty growth in the last quarter. Some of the projects in this area are Cavalry Court Apartment, Wheelers Pride Apartment, Marble Arch and Prestige Spencer Heights.
The demand is enormous in this area because of the infrastructural development, facilities and location. People are also getting attracted to this area due to large number of hospitals, educational institutions and greenery in this area. Residents prefer to stay in this area as they can enjoy the proximity to commercial areas like MG Road, Brigade Road, Shivaji Nagar, Commercial Street and Mosque Road. Moreover, International Airport in the vicinity also serves as an important point of attraction.
Small builders have also started catering in Frazer Town as the demand for property is rising. Lot of new projects are coming up in this area. People who own bungalows in Frazer Town are now selling it to builders to construct multi-storey buildings. There is a steep rise for 2 and 3 BHK apartments in this area.
Frazer Town, the centrally located cosmopolitan area in Bangalore, is witnessing an upward trend in the price of multi- storey apartments. Six months ago, price of multi-storey apartments were between Rs 5,000 to 6,000 per sq ft, but now, it has reached a bracket of Rs 7,000 to 10,000 per sq ft.