The real estate market of RR Nagar (Rajarajeshwari Nagar) is growing rapidly, with steady increases in property prices. The area is located in the well-developed West Bangalore region along Mysore Road. Prominent builders like Birla Estates has launched luxurious projects in the prime surroundings of RR Nagar to cater the residential demand.
Property trends in RR Nagar
- Increase in price: In January 2017, the average property price in Rajarajeshwari Nagar was Rs 3902 per square foot. Prices rose to Rs 4021 per square foot in August 2017. In the past 41 months, property prices have risen 16.2 per cent.
- Road connectivity: The Bangalore–Mysore Infrastructure Corridor (BMIC), also known as NICE Road, is strategically four km away from Rajarajeshwari Nagar. This road easily connects prime cities like Bengaluru and Mysore. The upcoming four-lane road connecting NH-7 and NH-4 will again enhance the connectivity of the locality. It provides simple commute to the residents.
- Near employment hubs: Global Village Tech Park is a major employment center that is 4 km away. Major software firms, including Texas Instruments, Infosys, Wipro, MindTree, Magnasoft Consulting India Ltd, Larsen & Toubro, and Falcon Tyres, are located there. It provides job opportunities for many people.
- Well-developed Infrastructure: The locality offers good infrastructure and is close to basic amenities such as schools, hospitals, colleges, banks, shopping malls, etc.
Rajarajeshwari Nagar is a great option for real estate investment and is witnessing a rise in property prices. Good returns on investment attract investors to the locality, and as a result, the demand for apartments and plots in RR Nagar is rising.
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.