Property Rates in Richmond Town, Bangalore

Property prices in Richmond Town, Bangalore have shown some fluctuation over the past year. From June 2025 to March 2026, the average asking price increased from ₹18,507 per sq ft to ₹19,759 per sq ft, marking an overall upward trend. However, there were dips observed, for instance, between September 2025 and December 2025, where prices slightly decreased before recovering.

As of March 2026, the average asking price in Richmond Town stands at ₹19,759 per sq ft, while the Government Registration Rate is ₹9,672 per sq ft. This significant difference suggests that the actual transaction values might be considerably higher than the officially registered rates, a common scenario in many real estate markets.

Property rates vary significantly across neighborhoods near Richmond Town as of March 2026. Mavalli exhibits the highest average rate at ₹32,229 per sq ft, followed by Ashok Nagar at ₹20,772 per sq ft. In contrast, Shanthi Nagar and Wilson Garden offer more affordable options, with average rates of ₹10,275 per sq ft and ₹10,012 per sq ft, respectively. Wilson Garden has seen a notable appreciation of 8.45%.

As of March 2026, the average price for apartments in Richmond Town, Bangalore is ₹19,759 per sq ft. This segment has experienced a 1.35% appreciation, indicating sustained demand for apartment living in the area.

In Richmond Town, as of March 2026, Ready To Move properties are priced at an average of ₹15,093 per sq ft, showing a slight depreciation of 1.47%. Well Occupied properties, on the other hand, command a higher average price of ₹17,936 per sq ft, with a significant appreciation of 7.82%, suggesting a premium for established, occupied units.

As of March 2026, projects in Richmond Town with the highest listing rates include Prestige White Lodge at ₹28,838 per sq ft, Prestige Crown Court at ₹24,802 per sq ft, and Regency Bliss at ₹23,629 per sq ft. Prestige White Lodge has seen a substantial appreciation of 24.63% in its listing rates.

The average rental rate in Richmond Town, Bangalore is ₹62 per sq ft as of March 2026. With a rental yield of 3.77%, this indicates the potential return on investment for property owners. A yield of this level suggests that while capital appreciation is a significant factor, rental income also provides a steady return, making it an attractive prospect for buy-to-let investors.

In Richmond Town, as of March 2026, the average monthly rent for a 2 BHK apartment is approximately ₹52,639, while a 3 BHK apartment commands a higher average of ₹1.09 Lakhs per month. These figures reflect the demand for larger configurations and the premium associated with them in this locality.

Rental rates in the vicinity of Richmond Town show considerable variation as of March 2026. Lavelle Road and MG Road currently have the highest average rental rates at ₹92 per sq ft and ₹90 per sq ft, respectively, though both have seen significant depreciation (19.3% and 7.22%). Shanthala Nagar also commands a premium at ₹85 per sq ft. In contrast, Cambridge Layout and Jogupalya offer more affordable rentals at ₹45 per sq ft.

As of March 2026, projects like Skyline Casa and HM Avalon in Richmond Town are leading in rental rates, both at ₹71 per sq ft. Gold Platz follows at ₹66 per sq ft. While most top projects show stable rental rates, Sreenidhi Apartment Richmond Town has experienced a rental depreciation of 4.69%.

As of March 2026, the average rental rate for apartments in Richmond Town is ₹62 per sq ft, remaining stable with no reported change percentage. This indicates a consistent demand and supply balance for apartment rentals in the locality.

The current market data for Richmond Town as of March 2026 suggests a balanced market. The average asking price of ₹19,759 per sq ft, with a 1.35% appreciation, indicates potential for capital growth, appealing to investors. Simultaneously, the average rental yield of 3.77% and monthly rents for 2 BHKs around ₹52,639 and 3 BHKs at ₹1.09 Lakhs offer attractive rental income, making it suitable for end-users and investors alike.