Property Rates in Richmond Town, Bangalore 2026

The average asking price in Richmond Town currently stands at ₹21,500 per sq ft, while the Government Registration Rate is ₹9,650 per sq ft. This gap between the market-driven asking price and the government-notified rate is common in high-demand, prime urban areas where property valuations are significantly influenced by luxury amenities and central location advantages.

The rental yield in Richmond Town is 3.85% as of September 2026. This metric represents the annual rental income an investor can expect relative to the property's capital value. A yield of 3.85% in a prime area like Richmond Town suggests a stable income stream, making it an attractive option for long-term investors looking for a balance between capital appreciation and consistent rental returns.

Rental rates in Richmond Town vary significantly by configuration, with 2 BHK apartments averaging ₹87,500 per month, 3 BHK units at ₹1.38 Lakh per month, and 4 BHK luxury residences reaching ₹5.5 Lakh per month as of September 2026. These figures cater to a diverse tenant profile, ranging from working professionals seeking mid-sized apartments to high-net-worth individuals requiring expansive, premium living spaces.

The average rental rate in Richmond Town is ₹69 per sq ft as of September 2026, which marks an appreciation of 11.29% compared to previous periods. This double-digit growth indicates strong rental demand in the area, likely driven by its central location and proximity to key business hubs in Bangalore.

As of September 2026, premium projects such as Skyline Casa and HM Avalon lead the rental market, both commanding ₹71 per sq ft. Other notable projects include Gold Platz at ₹66 per sq ft and Alexandria Apartments at ₹65 per sq ft. These projects consistently attract higher rents due to their superior build quality, location, and lifestyle amenities provided to residents.

Ready To Move properties in Richmond Town are currently priced at an average of ₹17,050 per sq ft as of September 2026. This segment has seen an appreciation of 8.93% compared to previous periods, reflecting a strong preference among buyers for immediate possession and the elimination of construction-related risks.

Property rates in Richmond Town, at ₹21,500 per sq ft, are positioned higher than several surrounding areas. For instance, Vasanth Nagar commands a higher average of ₹29,250 per sq ft, while Old Airport Road averages ₹15,900 per sq ft and Gandhi Nagar Central Bangalore averages ₹12,550 per sq ft. These variations highlight how specific micro-location factors, such as infrastructure and proximity to commercial centers, drive price premiums across different Bangalore neighbourhoods.

The most premium projects in Richmond Town include Indraprastha Schon at ₹35,950 per sq ft and G Corp Sky Gardens at ₹33,350 per sq ft as of September 2026. G Corp Sky Gardens has notably appreciated by 76.86% compared to previous periods, indicating a significant surge in its market valuation. Other high-value projects include Prestige Golden Threshold at ₹29,750 per sq ft, which has appreciated by 28.7% over the same timeframe.

The price trajectory in Richmond Town has shown a consistent upward movement, with the average asking price rising from ₹19,500 per sq ft in December 2025 to ₹21,500 per sq ft by June 2026. For buyers, this steady growth signals a resilient market with strong capital appreciation potential. Investors should view this as a sign of sustained demand, while end-users should factor in this growth when planning their long-term property acquisition strategy.