Commercial Street is the ultimate shopping destination in the Silicon Valley of India, Bangalore. Commercial Street stands to be one of the oldest and crowded shopping regions in the city. Being located right in the heart of Bangalore, Commercial Street is a part of the Central Business District area. ???????
Despite originally starting as a complete flea market, Commercial Street has opened its doors to big brands. The street is well-known for its trade-in garments, footwear, hardware as well as eating joints. The location is known to host several other markets in close proximity, such as the Russell Market, ideally making the entire region a prime commercial and shopping hub of the city.
Properties available for residential purposes in the locality generally have an affordable range. The average price for apartments in the locality is around 11,980 INR per sq. ft. Whereas 2BHK apartments for rent are available for an average of 16,000-20,000 INR per month.
Some of the nearby neighbourhoods to Commercial Street include the Sivanchetti Gardens, Rukmani Colony, Shivaji Nagar and Ashok Nagar.
The location is a prime commercial hub of Bangalore. One can find impressive garments and accessories at this location at throwaway prices, making the location exceptionally budget-friendly.
Being close to the Mahatma Gandhi Road and Brigade Road, Commercial street is very convenient to locate and is easily accessible from all parts of the city.
Commercial Street ensures that its residents get all the social amenities deemed necessary for leading a happy and cheerful life, starting from schools, hospitals, banks, etc.
The neighbourhood is ideal for college students to reside in owing to factors like affordable property rates, cheap yet impressive shopping and dining outlets in close proximity and overall, for reputedly being a safe locality.
The location has a remarkable social and civic infrastructure, which makes the place favourable for buying a commercial or residential space.
Commercial Street has a wide range of celebrated eateries such as Shiv Sagar Veg Restaurant, Konark Restaurant, Burger King and Woodys.
Whats not Great
Rumoured to be one of Asias busiest streets, it is no doubt that the location does have its fair share of overcrowding and traffic problems. The location witnesses heavy traffic and road congestion, occasionally making it a little difficult for residents to reach their homes.
Another conundrum imposed by the otherwise magnificent Commercial Street is its parking problems. The location has very limited parking space, which makes it especially difficult during the years busiest times like Eid or Diwali.
Residents, shop-owners and pedestrians have often complained that there are no public toilets in the vicinity and that the lack of them poses its own set of problems.
Watch Out For
The location evidently draws an enormous crowd purely because the area is known to host a countless number of shopping outlets and eateries. Hence, the location is immensely favourable for investing in property for commercial purposes. Additionally, it has quite a few openings for commercial or business spaces.
Property Rising Factor
Short Term: The demand for property pieces have substantially increased over the last few years. The neighbourhood is ideally built for housing and business purposes. Owing to the neighbourhoods exact location and all the factors pertaining to the seamless operation of the neighbourhoods infrastructure, property prices keep rising.
Long Term: In the long term still, the locality will continue to grow and thrive, and it can be said with much certainty that the place will witness an intense surge in property pieces since Commercial Street is gradually becoming cosmopolitan with the emergence of big international brands.
Commercial Street offers its residents an exemplar social infrastructure by providing them with top-notch services such as reputed schools, hospitals, banks and shopping malls, among many others.
Shopping Complex & Markets
Plazzo Retail Mall
Health Care Centers
Commercial Street has popular and reputed hospitals and health care centres nearby, ensuring that the residents can lead healthy lives. Some of the popular hospitals are:
Bowring and Lady Curzon hospital
South City Hospital
PD Hinduja Sindhi Hospital
Annaswamy Mudaliar General Hospital
Connectivity & Public Transport
Being close to Mahatma Gandhi Road, Commercial Street is very convenient to locate. The location is accessible from any part of the city and has several bus stops nearby as well including, the Commercial Street Bus Stop, the Parade Ground Bus Stop and the Shivajinagar Bus Stop. There are numerous bus routes that emerge from Commercial Street and take you around the city.
The closest Metro Stations include the Mahatma Gandhi Road Metro Station and the Cubbon Park Metro Station, whereas the closest Railway Station is the Bangalore Cantonment railway station.
Schools, Bank & Fitness Centers
Commercial Streets residential area has a good number of schools and banks nearby and many fitness centres, such as Kamaraj Gym, Shapes Gym and Top Gym.
Tunbridge High School
St. Germains Academy
RBANMs High School
Corporation High School
BM English School
Union Bank of India
Popular Landmarks near Locality
Commercial Street has numerous famous landmarks in its vicinity, making it easier for people to locate the neighbourhood. Some of the landmarks include Ulsoor Lake, Cubbon Park, Bangalore Palace, Jawaharlal Nehru Planetarium and Lalbagh Botanical Garden.
Micro Market Analysis
Capital and Rental Trends: The commercial spaces in the location have high demands because the area attracts a lot of shoppers and customers. As a result, the rent and sale prices of properties, especially for business purposes, are high and is only going to increase in the next years.
Scope of Growth: Ever since its inception, the location has constantly progressed and has gradually become cosmopolitan. Naturally, the area has splendid potential for growth.
Investment Opportunities: The location is an excellent investment destination given that the area has good social infrastructure and connectivity along with high demands for property pieces.