Information about the locality Basavanagudi

Q: Basavanagudi is one of the oldest locality in Bangalore. What is the prospect of buying a property in this locality?

arjun kumar, Bangalore

4th August 2015

Locality Review in Basavanagudi, Bangalore

basavanagudi locality

projects in basavanagudi

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Replies (3)

What are the pros & cons of living here?

arjun kumar, Bangalore

4th August 2015

Comment

Pros: An old and well-established area with all social amenities, commercial establishments and a good civic infrastructure. An area with good connectivity and accessibility. Very low crime rate. The upcoming metro line will improve connectivity and accessibility.

Cons: Very little scope for investment growth due to lack of space and high property prices.

James, Delhi

5th August 2015

What is the price trends going on in this locality and how is the realty growth in Basavanagudi?

arjun kumar, Bangalore

4th August 2015

Comment

The price trends in this locality ranges from Rs 7000 sqft to Rs 9500 sqft. The area has seen approximately 22% appreciation in the sale price.

Fast growth in commercial and business establishments in the area have boosted property values in the past decade. Some of the important sub-areas that witness some development include Gandhi Bazaar, N.R. Colony, Bull Temple Road and Tata Silk Farm. Nearby Binnipet (6 km away) and Padmanabhanagar are witnessing good growth in terms of realty.

James, Bangalore

4th August 2015

I agree that Basavanagudi is an old locality as well as a saturated area in terms of realty development. Continuous growth in commercial establishments have boosted property values in recent times. The upcoming metro line on K.R Road can further boost realty values due to faster connectivity.

James, Bangalore

4th August 2015

Comment

What about projects coming up in this locality? Provide me names of some good ongoing project.

arjun kumar, Bangalore

5th August 2015

Basavanagudi has seen an upward trend of developers constructing apartment complexes in medium and small BDA plots. It falls under BDA limit, hence the area have well planned and broad roads. The City Central Library is also located near the area.

Rajkumar, Bangalore

5th August 2015

Most of the projects in Basavanagudi are ready to move and I do not think there is much ongoing or upcoming project in this locality because of to lack of space for new realty development.

Tirumala Bala Pinnacle is one of the ongoing project in this locality which is expected to be completed by 2016. The project offers 3 bhk apartments and the price of the apartment ranges from Rs 1.20 crores to Rs 1.54 crores

Rajkumar, Bangalore

5th August 2015