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About Properties In Akshaya Nagar, Bangalore for Sale
Overview of Akshaya Nagar
- Akshaya Nagar is a fast-developing locality in South .
- Akshaya Nagar is a residential cum commercial neighbourhood that comes under the E3 subdivision of Bruhat Bengaluru Mahanagara Palike (BBMP).
- Banaswadi, Krishnarajapuram, CV Raman Nagar, Devarachikkana Halli, DLF Newtown, Arakere Akshaya Gardens, Begur, and Bomanahalli are some localities close to Akshaya Nagar.
- The locality offers mid-segment residential properties primarily.
- Akshaya Nagar is closely located to major IT areas. This has increased its demand in the Real Estate market.
- National Highway 48 offers major connectivity to and from the locality.
- The pincode of Akshaya Nagar is 560016.
Akshaya Nagar Residential Market Insights
- The average property price in Akshaya Nagar ranges from ₹ 9,500 to ₹ 11,000 per sq. ft.
- The average price of a 1 BHK apartment in Akshaya Nagar ranges from ₹ 45 lakh to ₹ 75 lakh.
- The average price of a 2 BHK apartment in Akshaya Nagar ranges from ₹ 60 lakh to ₹ 1.3 crore.
- The average price of a 3 BHK apartment in Akshaya Nagar ranges from ₹ 1.2 crore to ₹2.2 crore.
- The average rental price in Akshaya Nagar ranges from ₹ 20,000 to ₹ 55,000 monthly or more.
- The average price of land plots in Akshaya Nagar ranges from ₹ 90 lakh to ₹ 2 crore.
- The proximity to IT corridors and a good transportation network has increased rental demand in Akshaya Nagar.
- Akshaya Nagar mainly offers affordable to mid-segment residential properties.
- Prices of properties may vary based on certain factors such as apartment configuration, exact carpet area, location, scenic advantages, etc.
- These properties are available in both ready-to-move and under construction conditions.
- Several reputed builders and developers have a presence in Akshaya Nagar.
Connectivity and Transport In Akshaya Nagar
- Akshaya Nagar enjoys good metro connectivity through the Singasandra Metro Station and the Kudlu Gate Metro Station.
- The closest railway stations to Akshayanagar are Yeshwanthpur Junction at about 5 km and Krishnarajapuram at around 11 km. Although the residents have access to public transportation in the locality, accessing these stations.
- The National Highway 48, TC Palya Main Road, and RM Nagar Main Road are some prominent highways around the locality that connect it with the rest of the city.
- The NICE Ring Road (NH48) is located along the locality of Akshaya Nagar.
- The BMTC (Metropolitan Transport Corporation) network of local buses is a significant source of public transport for the locality.
- The Kempegowda International Airport is accessible from the locality through the Bellary Road.
Social Infrastructure In Akshaya Nagar
- The Akshayanagar locality is a good place to live in because it offers efficient facilities and is in close proximity to various essential services.
- The Akshaya Hospital, Ekana Multi Speciality Hospital, Jayashree Multi Speciality Hospital, Medax Hospital, Vijayashree Hospital, and Sankalpa Multispeciality Hospital are some health centres close to the locality.
- Mother Teresa Memorial English School, Fullinfaws College, GIBS Business School, Tapasya College, and BASE PU College are some educational institutions nearby.
- The Royal Meenakshi Mall and Gopalan Innovation Mall are the closest leisure shopping and entertainment complexes to the locality.
Employment Opportunities In Akshaya Nagar
- Akshaya Nagar is known for its proximity to important IT hubs and business areas in City.
- The Kalyani Tech Park, Brigade Software Park, Global Tech Park, and IBC Knowledge Park are some of the IT Campuses close to the locality. These commercial campuses are less than 15 km from Akshaya Nagar.
- Moreover, major employment hubs such as Electronic City, JP Nagar, BTM Layout and Banerghatta Road are as close as 10 km from the locality.
- Transportation to these business hotspots is convenient due to seamless connectivity from Akshaya Nagar.
- Akshaya Nagar is at a convenient distance from these employment centres. Thus, a number of professionals and tech experts are seeking residence here.
Lifestyle In Akshaya Nagar
- Akshaya Nagar boasts a perfect blend of modern convenience with a serene environment. It consists of peaceful sites such as lakes, green spaces, gardens, as well as commercial zones and IT parks.
- The residential and commercial developments in the locality have increased its demand dynamically.
- The location offers proximity to the Bannerghatta National Park, which preserves its wildlife habitat.
- Akshaya Nagar has a vibrant street food culture. Along with that, it also has several high-end restaurants and cosy cafes in the vicinity.
Safety and Security In Akshaya Nagar
- Overall, Akshaya Nagar is considered to be a secure locality to live in.
- The locality of Akshaya Nagar has several police stations close to it to serve the locality and take care of public safety.
- Akshaya Nagar, being a rapidly urbanising locality, is well equipped with modern safety facilities such as CCTVs and intercoms in residential complexes.
- Proper police patrolling is practised here, especially at night time.
- Akshaya Nagar also follows proper traffic rules, and traffic regulation is done through signals and traffic police.
Development and Future Prospects In Akshaya Nagar
- Akshaya Nagar is rapidly becoming a hotspot for real estate investment due to its fast-growing economy, robust urbanisation, self-sustainable infrastructure facilities and proximity to employment areas.
- The planned metro extension along the Pink Metro line is set to boost public transportation to Akshaya Nagar.
- Other prominent projects, such as the Peripheral Ring Road, will also improve connectivity with the locality. This will reduce travel time and traffic congestion.
- Also, a rise in commercial spaces and IT corridors has been seen in the locality. This will increase employment opportunities, thereby increasing the residential demand among professionals seeking employment here.
Culture and Community in Akshaya Nagar
- Akshaya Nagar was once a quiet residential area. It has turned into a cosmopolitan hub with modern amenities.
- This locality is bustling with commercial zones, a vibrant lifestyle, and cultural attractions.
- Akshaya Nagar is a perfect mix of an urban lifestyle and a traditionally rooted culture.
- The locality is home to several local temples such as Sri Mahasakthi Ganapathy temple, Shri Panchalinga Nageshwara Temple, Sri Subrahmanya Matha, Begur Yellamma Temple and many more.
Environmental factors in Akshaya Nagar
- The locality of Akshaya Nagar has several green parks, open spaces and tree-lined walkways.
- Even though it is a bustling city with IT parks, it still preserves its scenic beauty and natural habitat.
- Akshayanagara Lake Park, Honge vana, Begur Lake View Park, and Bande Park are some scenic gardens in and around the locality.
Flat Configuration in Akshaya Nagar
- Akshaya Nagar offers a range of 1 BHK, 2 BHK, and 3 BHK residential properties.
- These properties are available in both under construction and ready-to-move conditions.
- 2 BHK properties are in great demand in Akshaya Nagar.
- Akshaya Nagar mainly has premium and mid-segment housing properties. But it also offers some flats at affordable rates.
- Apart from that, other properties like independent floor apartments, villas, and land plots are also quite popular here.
Property Price Growth in Akshaya Nagar
- Akshaya Nagar has experienced consistent price growth of nearly 73% over the last five years.
- There has been a 53% property price appreciation over the last three years.
- The YOY property price growth in Akshaya Nagar has been around 35%.
- Also, a rental yield of around 3% has been achieved due to an increased demand for rental properties.
- Due to rapid development and urbanisation, Akshaya Nagar is expected to experience consistent price growth in the near future.
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