Bangalore
Richmond Town stands as a prominent residential enclave in central Bangalore, characterized by its high-value property market and stable rental demand. Current asking prices average ₹19,750 per sq ft, while ready-to-move projects offer a slightly more accessible entry point at ₹15,650 per sq ft. Rental activity remains healthy, with an average yield of 3.77% and premium monthly rents reaching up to ₹5.5 Lakh for larger 4 BHK units. Developers continue to maintain a strong presence here, delivering luxury projects that consistently attract both residents and investors looking for long-term value.
As of June 2026, the average asking price in Richmond Town stands at ₹19,750 per sq ft. This figure reflects an appreciation of 1.35% compared to the previous period, indicating sustained demand and investor confidence in this central Bangalore locality.
Property prices in Richmond Town have shown an upward trajectory, with the average rate rising from ₹19,750 per sq ft in March 2026 to ₹21,500 per sq ft as of June 2026. This consistent movement across the last two quarters signals a resilient market environment for both end-users and long-term investors.
Richmond Town, with an average asking price of ₹19,750 per sq ft as of June 2026, sits in a premium bracket compared to surrounding neighbourhoods. For context, Vasanth Nagar commands a higher rate of ₹29,350 per sq ft (which depreciated by 2.18%), while areas like Wilson Garden are significantly more affordable at ₹10,000 per sq ft, where rates have remained stable.
The rental yield in Richmond Town is 3.77% as of June 2026, providing a clear indicator of the income potential for property owners. With an average rental rate of ₹62 per sq ft, this yield helps investors balance the capital outlay of purchasing an apartment against the recurring monthly rental income, making it a key metric for evaluating investment viability.
Rental rates in Richmond Town vary significantly by unit size as of June 2026. A 2 BHK apartment typically rents for ₹54,150 per month, while a 3 BHK unit averages ₹1.19 Lakh per month. For larger requirements, 4 BHK apartments command a premium, averaging ₹5.5 Lakh per month, reflecting the diverse housing stock available for different tenant profiles.
As of June 2026, premium projects in Richmond Town leading the rental market include Skyline Casa and HM Avalon, 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 command higher rents due to their specific amenities and prime positioning within the locality.
Rental rates vary considerably across the vicinity of Richmond Town as of June 2026. Premium areas like Ashok Nagar, Shanthala Nagar, and MG Road command higher rentals of ₹100 per sq ft, whereas areas such as Cambridge Layout and Jogupalya offer more accessible options at ₹50 per sq ft. Investors should note that while Ashok Nagar saw an appreciation of 11.11%, other areas like Lavelle Road experienced a depreciation of 8.7%.
Ready To Move apartments in Richmond Town are currently priced at an average of ₹15,650 per sq ft as of June 2026. This segment has seen an appreciation of 3.76% compared to the previous period, suggesting that completed inventory remains highly sought after by buyers looking for immediate occupancy without construction-related risks.
As of June 2026, Prestige Crown Court and Prestige White Lodge lead the market with listing rates of ₹26,200 per sq ft. Other high-value projects include Sreenidhi Apartment Richmond Town at ₹25,000 per sq ft, which saw a significant appreciation of 73.11%, and Century Renata at ₹24,950 per sq ft, which appreciated by 9%.
Buyers should use the June 2026 data to understand that Richmond Town is a high-value, appreciating market. By comparing the average asking price of ₹19,750 per sq ft against the specific project rates and the 3.77% rental yield, buyers can determine if a property aligns with their budget and investment goals, while also accounting for the steady growth in the Ready To Move segment.
