Investing in Rajarajeshwari Nagar

Strategically located along the busy Mysore Road, Rajarajeshwari Nagar or RR Nagar as its commonly called, is close to the southern part of Bengaluru. The locality was named after Rajarajeshwari Temple which is located in the Rajarajeshwari Nagar this locality has a lot of greenery that we cannot find in most of the other localities in Bangalore. Within the main RR Nagar locality there are some of the sub localities. The Halagevaderahalli Lake, beautiful landscapes and the famous temple of RR Nagar are the specialty of this locality. With more number of IT companies moving to Bangalore by the day and with the constant expansion of the city on all direction to accommodate the constantly increasing population, RR Nagar has gained enough recognition and attention with developers and investors. There are various factors that have resulted in the rise in demand for residential plots in the area. Besides the availability of large land parcels which have been developed into residential plots, the area also boasts of good connectivity across the city. With the rate of price appreciation being quite high for residential plots is working on the advantage of RR Nagar. Due to the availability of large land parcels scattered across Rajarajeshwari Nagar, there are many residential plots owned by private owners that are readily coming up for sale.

The locality is about 4km away from the Bangalore–Mysore Infrastructure Corridor, also known as NICE Road. The road connects the area to Bangalore and Mysore. However, when compared to Electronic City, the area is much closer to the city center. RR Puram is very well connected by the four lane road and right now the connectivity has further increased with two metro projects. The Metro phase 2 is extending from Mysore road station to Kengeri and RR Nagar is to get a metro station. This further enhances the connectivity and cut the commute time in half. Faster connectivity and effective planning of the roadways has attracted retail, commercial establishments and malls. RR Nagar has malls that are often frequented by population who come from other places for their unique range of shopping experience. The famous Tata Star Bazaar and Gopalan Arcade Mall are situated in RR Nagar. RR Nagar also proudly boasts a range of excellent medical service provided in this locality with few of the top hospitals like Manipal and RC Hospitals and BGS super specialty being situated there. Medical facility is one of the top few criteria’s when assessing an area and with such renowned medical centers this area already has hit the top of the list. This makes the locality a most preferred choice amongst families.

The locality has seen a constant rise in residential rental prices in the last six months to a year. Due to the availability of developable plots for sale in Bangalore available in the area, it has the prospect of developing into a prominent residential area in future. However, this depends how well the development progresses on the infrastructure perspective. Rajarajeshwari Nagar is attracting more and more working professionals from Bengaluru and Mysore.  As a result, the demand and value for houses for sale in Bangalore and plots in Rajarajeshwari Nagar is rising.

 

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