Property Rates in Chickpet, Bangalore 2026

Property prices in the Chickpet micromarket have shown a consistent upward trajectory throughout 2026. According to the latest data from September 2026, the micromarket rate reached ₹14,600 per sq ft, rising from ₹14,200 per sq ft in June 2026, ₹13,450 per sq ft in March 2026, and ₹13,950 per sq ft in December 2025, signaling resilient demand in this central location.

Property rates in Chickpet vary significantly compared to surrounding localities. As of September 2026, Vasanth Nagar commands a higher average rate of ₹29,250 per sq ft, which has depreciated by 0.44% compared to the previous period. In contrast, Richmond Town is priced at ₹21,500 per sq ft, showing a notable appreciation of 8.70%, while Gandhi Nagar Central Bangalore is currently at ₹12,550 per sq ft, reflecting a depreciation of 3.78% over the same timeframe.

As of September 2026, Ready To Move properties in Chickpet are priced at an average of ₹10,100 per sq ft, which has depreciated by 28.25% compared to the previous period. Meanwhile, Well Occupied properties are available at an average of ₹8,800 per sq ft, having seen a depreciation of 34.87% over the same period, suggesting a market correction across established residential segments.

As of September 2026, Sri Vijayam and PS Building lead the local market with listing rates of ₹12,050 per sq ft, though both have experienced a depreciation of 17.89% compared to the previous period. Other prominent projects include Rallaram Building at ₹11,900 per sq ft (down 16.63%) and Tulasi Paradise Apartments at ₹11,400 per sq ft (down 16.64%). These price adjustments reflect the broader trend of softening listing rates across several established projects in the locality.

Rental rates in the vicinity of Chickpet show a diverse range as of September 2026. Premium areas like Lavelle Road, Shanthala Nagar, and Ashok Nagar command higher rentals of ₹100 per sq ft, with Ashok Nagar seeing an appreciation of 6.25% and Lavelle Road appreciating by 3.57%. Other nearby localities such as Vasanth Nagar, Sampangi Rama Nagar, High Grounds, and Richmond Town maintain rental rates of approximately ₹50 per sq ft, with Vasanth Nagar showing an appreciation of 7.41% and Richmond Town experiencing a depreciation of 10.14%.

Investors looking at the Chickpet region should note that rental rates in neighboring areas like Vasanth Nagar and Ashok Nagar have shown positive growth, with appreciations of 7.41% and 6.25% respectively as of September 2026. While Chickpet itself lacks a specific rental yield figure, the rental growth in adjacent established localities suggests a stable demand for residential leasing in Central Bangalore. Prospective landlords should weigh these rental trends against the local capital values to assess the long-term income potential of their investments.

Buyers can use the property rate data for Chickpet to benchmark current asking prices against historical trends and nearby localities. By observing that the average asking price is ₹26,150 per sq ft as of September 2026, while specific project rates are significantly lower, buyers can identify value-driven opportunities. Furthermore, tracking the depreciation in Ready To Move and Well Occupied segments helps in understanding the current price correction phase, allowing for more strategic negotiations.