balaji nagar, Bangalore, is an urban locality situated in bangalore. the locality is bordered by tavarekere, sadduguntepalya, ramma layout, Bismillah Nagar, eidgah bismillah nagar, and old gurappanapalya areas. for administration purposes, the area is included in the tavarekere locality.
the 7th main road borders balaji nagar in the north, 1st main road in the west, tavarekere main road in the east, and n crossroad in the south. it is primarily a residential locality with no processing or manufacturing industry set up in the area.
one of the areas in bangalore where residential plots are more than apartment offerings.
one of bangalores most economical areas for residence, the rent for 1 bhk apartment can be as low as inr 5,000 in some areas.
all basic facilities – food, shopping, laundry, transportation and is readily available within the area.
well connected to other parts of bangalore by roads and transport options.
great for living on a budget in bangalore.
whats not great?
very densely packed area and thus the streets are always busy. traffic jams and street noises are always consistent.
no provision for sports activities in the form of the sports ground in the area.
Watch out for?
low rates for renting and owning commercial shops in the area.
density populated area and hence an excellent prospective place for startups.
great for investing in a property for renting purposes.
property rising factor
shriven homes, an underdevelopment construction project in the area
new apartment constructions upon the land for residential houses offer a scope of a fresh influx of investors in the area.
locations near the christa vidhayalaya. are bound to attract students looking for pg.
business offices – kaveri enterprises, bajaj allianz insurance agency, dtdc, and others would attract employees looking for a residence.
there are two theatres in the area – balaji theatre and lakshmi theatre, for the communitys entertainment purposes. apart from the theatres, there are several cafés and other places in the locality where one can hang out with others, including mr. tea, top in town bakery, gokul food point foodex madhurai style, and many others.
shopping complex & markets
haridass building, $th cross road, km layout
pink rose building, 5th cross road, 1st r block
health care centers
general care medical clinic, 5th crossroad
kvm clinic, 2nd main street
connectivity & public transport
the nearest metro station is jp nagar nagar metro station in the north
balaji nagar is well connected through roads and bmtc bus routes
schools, bank & fitness centers
christa vidhyalaya, bharathi layout
sbi atm, tavarekere main road
bangalore drums academy, 12th cross, bharathi layout
popular landmarks near locality
balamuri ganesha temple,131, 3rd main road
sri maha ganapathi temple, 136, 3rd main road
lakshmi theatre, tavarekere main road
balaji theatre , tavarekere main road
suddaguntepalya police station, 4th main road, k.m.layout
micro market analysis
capital and rental trends
the locality is primarily a residential one, and thus there are several properties on offer in the area. residential plots and houses make about 50% of all the property in the area. apartment housings and commercial shop offerings cover the rest 50%.
the 3bhk apartments are in the price range of inr 20 lakhs – inr 80 lakhs. no apartment offering crosses the inr 1 crore mark.
for renting purposes, a 1 bhk apartment would cost anywhere from inr 10,000- inr 15,000. simultaneously, 2 bhk apartments are at a premium of inr 5,000 over the 1 bhk ones.
land prices start from inr 6,500 per sqft and go upwards of inr 8,000 per sqft. the apartment prices are slightly lower at inr 5,000 per sqft, topping at inr 6,000 per sqft.
the land rates have decreased by about 6.6% in 2021 from the last quarter of 2020.
there are no new government projects planned in the area shortly, but some new private construction is being undertaken in the area, such as the ansal krishna project. the property rate is expected to grow at an average rate of 1-2% per year.
it is profitable to invest in 2bhk and 3 bhk apartments for renting purposes.
one should make an investment in the new projects after a thorough check of the developers background as most of the developers in the area are new and famous builders seldom approach the area.