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Real Estate trends in RR Nagar


Real Estate trends in RR Nagar

Rajarajeshwari Nagar, often called RR Nagar, is a well-developed West Bangalore neighbourhood located along Mysore Road. The Jnanakshi Rajarajeshwari Temple, which is situated there, is the reason the area got its name. Residential neighbourhoods such as Kengeri, Nagarbhavi, and Banashankari encircle RR Nagar. It is well-known for its vegetation and the locals' dedication to tidying the region. "Swachh RR Nagar" is a group that assists with cleaning up public areas.

RR Nagar has numerous sub-localities, such as Ideal Homes, BEML Layout, BHEL Layout, and others. The Global Village Tech Park is another tech park in the vicinity. Numerous businesses have offices in this park, including Mindtree, an IT services company. With a wealth of services and a vibrant community, RR Nagar is an excellent place to live. Due to its development and convenient access to the rest of the city, this neighbourhood is well-liked by prospective homeowners.

There are many new IT enterprises in this area. The Global Village Tech Park is four km away from RR Nagar. Prominent software firms, including Texas Instruments, Infosys, Wipro, MindTree, Magnasoft Consulting India Ltd, Larsen & Toubro, and Falcon Tyres, are located there.

Connectivity offered by Rajarajeshwari Nagar

  • The Bangalore–Mysore Infrastructure Corridor (BMIC), also known as NICE Road, is strategically four km away from Rajarajeshwari Nagar. This road facilitates transportation between two major cities, like Bengaluru and Mysore.
  • Rajarajeshwari Nagar is adjacent to the train stations at Kengeri and Jannabharati. The Itamaudu Main Road improves communication in this area.
  • Additionally, it's simple to go to the Green Line and Purple Line metro from the area.
  • The proposed four-lane road construction towards National Highway (NH-7) and National Highway (NH-4) will improve the case.

Rajarajeshwari Nagar turns out to be a great option and is witnessing a rise in property prices. In January 2016, the average property price in Rajarajeshwari Nagar was Rs 3902 per square foot. Prices rose to Rs 4021 per square foot in August 2016. In the past 41 months, property prices have risen 16.2 per cent. Good returns on investment attract investors to Rajarajeshwari Nagar. As a result, the demand for apartments and plots in Rajarajeshwari Nagar is rising.

Property prices are rising in Rajarajeshwari Nagar, which proves to be a wonderful alternative. Rajarajeshwari Nagar had average real estate prices of Rs 3 902 per square foot in January 2016. In August 2016, prices increased to Rs 4021 per square foot. The last forty-one months have seen a 16.2% increase in home values. Rajarajeshwari Nagar attracts investors because of its high returns on investment. As a result, plots and flats in Rajarajeshwari Nagar are in greater demand.

Birla Ojasvi

Birla Ojasvi

Birla Ojasvi is a stunning township project in Rajarajeshwari Nagar, West Bangalore. Over 600 apartments and rowhouses are dispersed over ten acres of land. RR Nagar's lowest-density project is developed on 3 towers with 8 acres of open space between them. Each tower has 33 stories above ground and a view of the reserve forest. The internationally renowned architect "Broadway Malyan" created Birla Ojasvi.

Birla Ojasvi offers premium 1, 2, and 3 BHK apartments. In addition, a select few ultra-luxurious 4 BHK rowhouses combine the best aspects of villa and apartment life. Birla Ojasvi RR Nagar is scheduled to launch in March 2024. After four years of construction, the project will be completed in March 2028. Possession is anticipated in March 2024, and the RERA process is now underway.

Disclaimer: Any content mentioned in this website is for information purpose only and Prices are subject to change without notice. This website is just for the purpose of information only and not to be considered as an official website.