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What is the market rate in Rajarajeswari Nagar, Bengaluru?- Property Hotline
Posted
November 28, 2016
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60
November 28, 2016
60
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4:53Now PlayingExpert: Khurshed Gandhi, Managing Director of Consulting Services at Cushman and Wakefield India.
Question: My mother-in-law owns a property at Rajarajeswari Nagar in Bengaluru and intends to sell the same. This site measures 2620 sq. ft. and has a 3BHK house constructed 20 years ago. Is this right time to sell? It was earlier on rent but from past 1 year it is empty. What is the rate in this locality? The locality is closer to Hill View School.
Answer: In market rate of BDA layouts and in particular this micro market land prices ranges from Rs 4500 to Rs 6500 per sq. ft. Rajarajeswari Nagar is very close to Nagarbhavi and Banashankari. You should hold on to this property. Don’t initiate sale transaction. Have a clear perspective on achievable price for the property.
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