Bangalore
NR Colony serves as a stable residential pocket in Bangalore, where the current average asking price of ₹10,750 per sq ft reflects its mature standing. The local market benefits from its proximity to high-demand areas, which influences both purchase and rental expectations. Investors looking at the broader vicinity will note a range of price points across nearby hubs, creating a diverse investment landscape. Rental demand remains consistent, with various neighborhoods in the immediate area showing stable monthly rates that appeal to both tenants and property owners.
The average asking price in NR Colony is ₹10,750 per sq ft as of June 2026. This rate has remained stable, showing a 0% change, which indicates a period of price consolidation in the local residential apartment market.
Property prices in NR Colony have shown a fluctuating trajectory throughout the recent quarters. As of June 2026, the micromarket rate stands at ₹14,200 per sq ft, rising from ₹13,450 per sq ft in March 2026. Prior to this, the rate was ₹13,950 per sq ft in December 2025 and ₹12,300 per sq ft in September 2025, reflecting a dynamic market environment for buyers and investors.
Property rates in NR Colony vary significantly when compared to surrounding areas. For instance, Jayanagar currently commands a higher average asking price of ₹18,900 per sq ft, which has depreciated by 13.24% from the previous period. Conversely, Mysore Road offers a more accessible entry point at ₹8,600 per sq ft, having appreciated by 18.39% compared to the prior period. Other nearby areas include Basavanagudi at ₹16,500 per sq ft (up 17.08%) and Padmanabha Nagar at ₹15,850 per sq ft (up 0.01%).
Rental rates in the vicinity of NR Colony are quite diverse, with Padmanabha Nagar currently commanding the highest average rental rate at ₹100 per sq ft, which has appreciated by 1.74% compared to the previous period. Most other nearby areas, including Banashankari, Jayanagar, JP Nagar Phase 1, Tilak Nagar, and Sampangi Rama Nagar, maintain a consistent average rental rate of ₹50 per sq ft. Notably, Banashankari 3rd Stage has seen a significant rental appreciation of 32%, while Jayanagar and JP Nagar Phase 1 have seen rental growth of 18.42% and 13.33% respectively, compared to their prior periods.
Investors looking at areas near NR Colony should note the strong rental appreciation in specific pockets like Banashankari 3rd Stage, which saw a 32% increase, and Jayanagar, which saw an 18.42% increase compared to the previous period. While many surrounding neighbourhoods maintain a stable rental rate of ₹50 per sq ft, the varying growth percentages suggest that demand for rental properties is not uniform across the region. Investors should weigh these growth trends against the capital appreciation potential of each specific neighbourhood before making a commitment.
