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Flats Under 3 Crore for sale in Tumkur Road Nelamangala, Nelamangala, Bangalore
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About Properties In Tumkur Road, Nelamangala, Bangalore for Sale
Overview of Nelamangala
- Nelamangala is a developing locality situated in the Bangalore West Zone.
- This suburban region is rapidly developing with notable infrastructure and connectivity improvements.
- Nelamangala mainly presents land plots and independent residential properties. Although there are also a few flats available at an affordable price range.
- The area is strategically located at the intersection of the Mumbai - Chennai National Highway (NH4) and the Bangalore - Mangalore National Highway (NH48), making it a significant junction to travel in and out of the city of Bangalore.
- K.Kempalinganahalli, Bhakthana Palya, Basavanahalli, Madhav Nagar, Ghandragulupura, Obanaikanahalli, and Arasinakunte are some neighbouring localities to Nelamangala.
- The PIN Code of Nelamangala is 562123.
Nelamangala Residential Market Insights
- The average range of residential properties in Nelamangala is around ₹ 4,000 to ₹ 5,000 per sq.ft
- The average price of a 1 BHK flat in Nelamangala ranges from around ₹ 15 lakh to ₹ 30 lakh.
- The average price of a 2 BHK flat in Nelamangala ranges from around ₹ 30 lakh to ₹ 60 lakh.
- The average price of a 3 BHK flat in Nelamangala ranges from around ₹ 50 lakh to ₹ 90 lakh.
- Nelamangala is gaining demand in the rental market due to the availability of under-construction projects, affordable housing properties, decent connectivity options, and access to commercial areas.
- The average rental price range in Nelamangala ranges somewhere between ₹ 15,000 to ₹ 25,000 monthly.
- The average price of land parcels in Nelamangala ranges from approximately ₹ 3,500 to ₹ 5,000 per sqft.
- Specific location, key features, carpet area, and construction status are some factors that influence property prices in Nelamangala.
- A few popular developers and builders have properties in Nelamangala.
Connectivity and Transport In Nelamangala
- Madavara Metro Station and Chikkabidarakallu on the Green line of Namma metro network are the nearest metro stations from Nelamangala at a distance of approximately 10-12 km.
- Other metro connectivities include Nagasandra Metro Station, Dasarahalli Metro Station, and Jalahalli Metro Station half an hour from Nelamangala.
- The Nelamangala Railway Station offers excellent railway connectivity from the area to various parts of the city.
- Along with that, the Yelahanka Junction Railway Station, Yeshwanthpur Railway Station, and Bangalore City Junction Railway Station are around an hour away and offer long-distance travelling from here. These railway stations are accessible due to a good road network.
- The Kempegowda International Airport is at a distance of around 1.5 hours from Nelamangala.
- Nelamangala is located along the Mumbai Chennai Highway and Bangalore Mangalore Highway, which are primary sources of roadway transportation in the area.
- Other than that, Nelamangala Chikkaballapura Road, Kunigal Bypass Road, Janapriya BH Road, and Bandadka Bengaluru Road make an extensive road network around here.
- The BMTC bus network has a sound frequency of buses that allows seamless public transportation within the city.
Social Infrastructure In Nelamangala
- Nelamangala is a developing suburb with several developments ongoing. Although the essential needs of residents are fulfilled through the basic facilities nearby.
- Schools and colleges near Nelamangala include Sriram Public School, Euro School, Soundarya School, Royal College, etc.
- Essential Hospital, Navachetana Hospital, Apollo Hospital, Fortis Hospital, and Ramaiah Memorial Hospital are a few health centres reachable from Nelamangala.
- Essential needs of the residents are partly fulfilled through the weekly Friday Market here.
- Leisure shopping and entertainment centres such as Orion Mall, UB City Mall, Nexus Mall, Pheonix Mall of Asia, and Elements Mall are within an hour's distance.
Employment Opportunities In Nelamangala
- Several employment hubs in Bangalore are accessible from Nelamangala.
- The popular Aerospace SEZ is at a distance of 1 hour.
- The well-known IT hub, Indospace Logistics Park, is within 15 minutes of here.
- Commercial areas such as Electronic City, Karnataka Industrial Area, Whitefield IT Hub, and IT Parks along Outer Ring Road are at a 1.5-hour distance through NH48 from Nelamangala.
- Moreover, the agriculture market, manufacturing units, real estate developments, and urbanising infrastructure have increased employment opportunities in Nelamangala, thereby supporting a growing economy.
Lifestyle In Nelamangala
- Nelamangala has a mixed lifestyle with a good blend of residential and commercial properties.
- Since this area is under development, there are ample open spaces around for recreation and the construction of properties.
- Other than that, Nelamangala enjoys a peaceful lifestyle away from the bustle of the main city.
- There are several local restaurants and cafes nearby. Behrouz Biryani, Zaatar, Chulha Chowki Da Dhaba, Glass Kitchen, Toscano, and The Bangalore Cafe are some fine dining restaurants and cafes.
Safety and Security In Nelamangala
- Nelamangala is generally considered a safe suburb.
- There is a presence of several police stations nearby that cater to the concerns of the public.
- Police patrolling is constantly done to ensure maximum safety and avoid any accidents, criminal incidents, and illegal activities.
Development and Future Prospects In Nelamangala
- The upcoming extension of the Green Metro Line that serves this area is said to have a stop nearby, boosting metro connectivity in the region.
- The Peripheral Ring Road construction will ease overall road transportation, reducing traffic congestion and saving travel time.
- Nelamangala, being a developing area, is all set to become an urban region.
Culture and Community in Nelamangala
- Nelamangala enjoys a cosmopolitan environment.
- The area preserves its cultural heritage with the presence of several local temples in the region.
- Sri Chamundeshwari Temple, ISCKON Temple, Sri Rajarajeshwari Temple, Shree Banashankari Devi Temple, Bande Mahakali Temple, and Shri Panchamukhi Ganesha Temple are some local temples that are also architecturally intricate.
Environmental factors in Nelamangala
- Nelamangala is a developing area and consists of several open spaces.
- There are a few green parks in the area that allow recreational activities for citizens.
- GKVK Botanical Garden, Mahatma Gandhi Botanical Garden, Sankey Tank area, and Purandaradaasa Garden are some gardens accessible from Nelamangala.
Flat Configuration in Nelamangala
- There is a range of 1 BHK, 2 BHK, and 3 BHK residential properties in Nelamangala.
- These flats are available for rent as well as for sale.
- Nelamangala primarily offers land parcels and mid-segment and affordable housing properties.
- 2 BHK properties are in most demand in Nelamangala due to their affordability factor
Property Price Growth in Nelamangala
- Nelamangala has witnessed a consistent price growth of up to almost 13% in the last 5 years.
- Whereas there has been a 14% property price appreciation in the last 3 years.
- Also, a rental yield of around 2% has been achieved due to an increased demand for rental properties
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