Property Rates in Richards Town, Bangalore 2026

Property prices in Richards Town, currently at ₹12,350 per sq ft, sit in the mid-range when compared to surrounding areas. For instance, Vasanth Nagar commands a significantly higher average of ₹29,350 per sq ft, while areas like Hebbal and Frazer Town are priced at ₹17,150 per sq ft and ₹16,950 per sq ft, respectively. Conversely, more affordable options exist in the vicinity, such as RT Nagar at ₹7,150 per sq ft and Kacharakanahalli at ₹10,500 per sq ft, offering varied entry points for investors and homebuyers.

Apartments in Richards Town are currently priced at an average of ₹12,350 per sq ft as of June 2026. This segment has seen a depreciation of 14.88% compared to the previous period, reflecting a market correction that may provide a more attractive entry point for prospective buyers looking to invest in this established residential locality.

As of June 2026, Ready To Move properties in Richards Town are available at an average price of ₹12,450 per sq ft, having depreciated by 1.91% compared to the prior period. In contrast, Well Occupied projects command a premium, currently priced at ₹15,500 per sq ft, which reflects a depreciation of 0.53% over the same timeframe. This price difference highlights the premium buyers are often willing to pay for established, well-occupied communities versus newer ready-to-move inventory.

As of June 2026, the most premium project in Richards Town is Brigade Odyssey, with a listing rate of ₹26,000 per sq ft, which has appreciated by 4.79% compared to the previous period. Other high-value projects include Brigade Heritage, Brigade Hallmark, and Prestige Clarke Woods, all of which are currently listed at ₹18,050 per sq ft. These projects demonstrate the high-end positioning of Richards Town, though most of these premium developments have seen slight price adjustments ranging from -0.63% to -0.82%.

As of June 2026, the typical rental rate for a 3 BHK apartment in Richards Town is ₹65,000 per month. This provides a clear benchmark for tenants looking for spacious residential units in the area, reflecting the current demand for larger family-sized homes within this established locality.

Rental rates across neighbourhoods near Richards Town are remarkably consistent, with most areas, including Cooke Town, Frazer Town, and Benson Town, currently averaging ₹50 per sq ft. However, market dynamics differ significantly; for example, while Benson Town has seen an appreciation of 10.87% in rental rates, Cooke Town and Frazer Town have experienced depreciations of 9.43% and 7.55%, respectively, compared to the previous period. These trends suggest that while the base rental rate is uniform across the micro-market, local demand and supply factors are driving divergent growth patterns.

The average asking price in Richards Town is ₹12,350 per sq ft, while the Government Registration Rate stands at ₹11,750 per sq ft as of June 2026. Buyers should view the registration rate as the official value used for stamp duty and tax calculations, whereas the asking price reflects the current market sentiment and seller expectations. A gap between these two figures is common and often accounts for factors like project amenities, floor rise, and specific location advantages within the locality.