Mumthaj PalaceMG Road, Bangalore

as it is popularly called, mg road is the mahatma gandhi road area of bangalore, a commercial and retail hub with terrific residential properties on offer for sale and rent. there are offices, shops, banks, theatres and all essential lifestyle amenities in this area. schools, malls and hospitals are located in nearby areas since this locality is flanked by commercial markets on all sides and call for catering to the shopping crowd on a daily basis. the area has 19 properties available for sale. the sale price range is between rs. 1.6 cr to rs. 14.3 cr. the sale market here is pretty uptight and sees a quick change of hands in a single quarter. the area is also very high priced as 47% of the properties available on sale are priced above 5 cr, 16% are priced between 3 cr and 3.2 cr, 5% of the properties are between 1.6 cr and 1.8 cr. 71% of the properties are 3 bhks while 24% are 4bhks and 5% are 2 bhk apartments. needless to say, 41% of the properties available on sale are apartments, while a whopping 34% are commercial office spaces. builder floor apartments comprise 14% of the sale lot. there is 1 ready to move project in this area. there are around 26 properties available in the rental market, out of which 31% of the properties are priced above 1 lac per month. 2% of properties are priced between 10k – 15k and between 45k - 50k. the room configurations are 3 bhks at 46% of the lot, followed by 2 bhks at 23% of the lot and 1 bhks at 12% of the lot. 79% of the rental spaces are commercial office spaces, and 10% of the rental spaces are apartments.key highlights        the place is a buzzing locality with great retail showrooms and commercial offices. it is one of the main roads of bangalore city and is well connected to other parts of west bangalore.         flanked by important landmarks, the locality sees a steady flow of traffic and dignitaries all round the day.whats great?proximity to all premium retail outlets and showrooms is a great winning factor of this place. the buildings up for residential sale and rent and designed well, and come fitted with the best amenities and facilities.great office areas flank the road.whats not great?        traffic is a massive disappointment.        the area is very highly-priced. Watch out for?new and better buildings are expected to come up if the existing buildings and land parcels are redeveloped. so keep an eye on that factor at will immediately lead to property price rise.social infrastructurethe social and civic infrastructure is well defined here, and authorities maintain the best facilities and services to ensure smooth living for elite residents here. shopping complex & marketsbangalore central mallgaruda mall1 mg-lido mallplazzo retail mallbangalore centralsigma central mallub citypalace mallmantri square mallgopalan mallforum mall koramangalafarah mallorion avenueinox ligo mallhealth care centers·         sparshhospital·         fortis la femme·         lakeside medical centre and hospital·         hosmat hospital·         vikram hospital·         bowring and lady curzon hospital·         al-ameen hospital·         st. philomenas hospital·         pd hinduja sindhi hospital·         church of south india hospital·         mediscope hospital private limited·         gleneagles global hospital·         chinmaya mission hospital·         hbs hospital·         sundar hospital·         esi hospital·         mallya hospital·         dr kavitha general health clinicconnectivity & public transport        bus stands near to this place are b station, mayo hall and manipal centre bus stands.          the metro station here in mg road metro station. it is one of the busiest and most frequented metro stations in bangalore        the other modes of public transport include autorickshaws, taxis and shuttles.schools, bank & fitness centersschoolsrbanms high and middle school mo girls high schoolaromera international school urbans primary school tunbridge high school golden palm army pre primary school asha school national childrens school auro mirra international school methodist mission high school corporation girls high school universal business school bangalorest. agnes higher primary school tagore montessori school army public schoolbanks         axis bank        bandhan bank        indusind bank        south indian bank        indian bank        dcb bank        kotak mahindra bank        hsbc bank        icici bank         canara bank        hdfc bank        state bank of india        union bank of indiafitness centreskamaraj gymgympac fitness systems private limitedlife fitness center – ulsoorolympic gym and fitness centrecastle gympowerhouse gym fitness centermi crossfit gymtop gymgolds gympyro gymopen air gymmetabolix fitness studio gymgo to the gymbalaji rambo power gymave womens fitness gym snap fitnessfitness freakspopular landmarks near localitycubbon park and m chinnaswamy stadium are the biggest landmarks close by to his area.shantinagar jain temple is a great place to visit and pay homage to the deity.richmond park is a place for family and friends to meet and enjoycapital and rental trendsthe capital trends of this area have been very encouraging in the new millennium. rental trends have been steady, but capital trends have seen an upswing due to the areas central location and popularity.scope of growththe scope of growth here is limited currently because most buildings are well established, and all land parcels are given out in lease or sale. new developments in the residential market can be expected to come up only when old buildings or land parcels are retrieved. commercial and retail areas have an immense scope of growth here.investment opportunitiesthis place is a dream haven for investors who are interested to mint money in residential, commercial or retail properties.