Property Rates in Richmond Town, Bangalore 2026

Property prices in Richmond Town have shown a generally upward trajectory throughout 2026. Data from Sep 2026 shows an average asking price of ₹21,500 per sq ft, rising from ₹21,500 in Jun 2026, ₹19,750 in Mar 2026, and ₹19,500 in Dec 2025. This consistent growth suggests strong buyer interest and limited supply in the area.

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 as of Sep 2026. This gap between the market-driven asking price and the government-notified rate is common in premium localities and is a key factor for buyers to consider when calculating total acquisition costs, including stamp duty and registration fees.

Rental rates in Richmond Town vary by unit size, with 1 BHK apartments averaging ₹39,650 per month, 2 BHK units at ₹57,400 per month, 3 BHK units at ₹1.19 Lakh per month, and 4 BHK units reaching ₹5.5 Lakh per month as of Sep 2026. These figures provide a clear benchmark for tenants and landlords looking to understand the monthly cost of living in this central Bangalore neighbourhood.

The rental yield in Richmond Town is 3.85% as of Sep 2026, which serves as a key metric for investors evaluating the income potential of their property relative to its capital value. When paired with the average asking price of ₹21,500 per sq ft, this yield helps investors determine whether a property serves their goals for long-term capital appreciation versus immediate rental income.

As of Sep 2026, premium projects such as Skyline Casa and HM Avalon lead the rental market in Richmond Town, 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 rates have remained stable, with the exception of Sreenidhi Apartment Richmond Town, which saw a depreciation of 4.69% compared to the previous period.

Richmond Town remains one of the premium central Bangalore locations with an average asking price of ₹21,500 per sq ft as of Sep 2026. For comparison, Vasanth Nagar commands a higher average of ₹29,250 per sq ft (which depreciated by 0.44%), while areas like Old Airport Road are priced at ₹15,900 per sq ft (having appreciated by 32.48%) and Ejipura is at ₹8,100 per sq ft (having appreciated by 0.02%).

Ready-to-move properties in Richmond Town are currently priced at an average of ₹17,050 per sq ft as of Sep 2026. This segment has experienced an appreciation of 8.93% compared to the previous period, reflecting a preference among buyers for immediate possession and reduced construction risk in this established area.

The most premium project in Richmond Town is Indraprastha Schon, with a listing rate of ₹35,950 per sq ft as of Sep 2026, showing stable pricing with no change. Other high-value projects include G Corp Sky Gardens at ₹33,350 per sq ft (which appreciated by 76.86%) and Prestige Golden Threshold at ₹29,750 per sq ft (which appreciated by 28.7%) over the observed period.

A buyer should use the average rental rate of ₹69 per sq ft as of Sep 2026 to gauge the potential occupancy demand in Richmond Town. While the overall average rental rate has appreciated by 11.29% compared to the previous period, it is important to note that specific property types like apartments have seen a depreciation of 10.14% in rental rates, suggesting that investors should analyze specific segments before making a purchase decision.