Shankar Nagar, Bangalore

shankar nagar is a popular residential location in Bangalore. it is located in the northwest side of bangalore. shankar nagar is also well-connected to the topmost prestigious educational organization in bangalore. indian institute of science (iisc) is 4 km from the locality. indian space research organisation is 7 km from here. the office of the central bureau of investigation is also7 km away.
yeshwanthpur lies in proximity to peenya industrial area, which is home to small, medium, and large-scale businesses. some key industrial units operatinginpeenyaare kirloskar electric, volvo construction, triveni turbine, abb india, etc. the locality is also connected to other industrial clusters of koramangala, whitefield, electronic city, nelamangala, and dobbaspet, reachable within an hour. many important business it parks are accessible from shankar nagar, such as Manyata Tech Park at 14 km, rajajinagar it park at 6 km, and world trade centre at 11 km. shankar nagar offers a mix of independent floors, multistorey apartments, and builder floors.

key highlights
the international airport is reachable within 45 minutes from shankar nagar. 
shankar nagar enjoys good connectivity via the yeshwantpur railway station and the yeshwantpur metro line. 

whats great? 
the roads in the area are in very good condition. 
public transport and parking facilities are excellent in the locality. 

whats not great? 
shankar nagar faces heavy traffic during the day. 
the cleanliness of the area needs administrative attention. 

Watch out for?
jay prakash narayan park is located near shankar nagar. 
the area has many parks and lakes in close vicinity. 
various art galleries for art lovers are present in and around the locality. 

property rising factors 
short term 
shankar nagar enjoys a well-planned hassle-free network of roads, enhancing the connectivity. 
civic amenities in and around the locality are excellent. 
long term 
shankar nagar is home to some impressive apartments and is surrounded by properties built by reputed builders such as vaishnavi group, cauvery estates, and aparna constructions. 
the presence of the malls, hotels, restaurants, and hospitals improve the living environment in the locality, which eventually translates to the benefits of the property prices. 

other highlights
social infrastructure
the area consists of some reputed multispecialty hospitals such as raksha hospital, sparsh hospital, sanjeevini multi speciality hospital, and columbia asia hospital. new carmel english school, lourdes high school, st. pauls english primary & high school, national public school, and bapu group of education institute are the schools in the area. indian institute of space science and technology is situated near the locality at a distance of 7 km. 

shopping complex & markets
vaishnavi sapphire mall
orion mall
mantri square 

health care centers
eshwar hospital 
kanva shri sai hospital 
raksha multi speciality hospital
sanjeevanimultispeciality hospital 

connectivity & public transport
yeshwanthpur railway station is the largest railway station in the area. majesticbus stand is 7 km away. mahalakshmi andyeshwantpur metro station on the green line are the metro stations serving the locals. kempegowda international airport is approximately35 km away from shankar nagar.

schools, bank & fitness centers
schools in the area 
sg international public school 
carmel garden high school
sri sarvajna public school
max muller public school 
kiran english school 

banks in the area 
state bank of india 
canara bank 
punjab and maharashtra co-operative bank limited
hdfc bank

fitness centers in the area 
cosmic yoga and fitness center
music planet 
quartz fitness mahalakshmilayout
star fitness gym 
popular landmarks near locality
bangalore palace 
iskcon temple 
bangalore fort 
prasannaanjaneya temple

micro market analysis
capital and rental trends
the starting price of the property in the locality is rs. 8,643. 
the average price of the property in shankar nagar for the jan-mar 2021 quarter is expected to be rs.7991. 
the rates saw a fall of 0.5% from oct-dec 2020 quarter. 
2 bhk apartments for rent in the area are available in the price range of rs.9,500 - rs.18,000 and, 3 bhk flat is available for rs.14,000.

scope of growth
the proximity to the various commercial areas keeps the inflow of the tenants, thus keeping the locality in demand. proximity to the commercial cluster of peenya and connectivity to whitefield and electronic city are the significant aspects of real estate development in shankar nagar. 

investment opportunities
shankar nagar is an ideal choice for those who hope to yield high capital returns in the future. the 2bhk and 3bhk apartments are more in demand in the area nowadays; thus, investing in them is a better option.