Home/Buy and Sell/Investment/Thinking of buying a flat in Bangalore CV Raman Nagar. Will it be a good investment? Will rates of property increase in 5 years?
Q.
Thinking of buying a flat in Bangalore CV Raman Nagar. Will it be a good investment? Will rates of property increase in 5 years?
CV Raman Nagar is a well-known locality in Bangalore. There are many business hubs as well as government organizations. The property rates in this area are pretty high.
There is Defence Research and Development Organization [DRDO] and two IT Parks, viz Manyata Tech Park and Bagmane Tech Park which makes this location the best choice for many.
Speaking about the infrastructure, one can easily commute to any part of the city as well as the stay as there is the availability of metro, rail and roadways and the outer ring Road provides seamless connectivity to CV Raman Nagar. The commercial real estate is also booming.
When it comes to the capital value of the property, the property prices in CV Raman Nagar start from Rs. 4,500 to 8,500 per sq ft. The property rates vary depending on the locality and facilities.
In terms of rental values, you can expect a 1 BHK flat on rent in CV Raman Nagar to be around 10-14K. 2 BHK and 3 BHK will be around 15-18K and 22-28K respectively.
CV Raman Nagar is one of the top localities in Bangalore and is at a distance of 13 km from Majestic. Located in the eastern part of Bangalore, CV Raman Nagar has seen a lot of development in the last few years.
Instead of speaking about the property rates prospect of CV Raman Nagar, let us understand the property trend since the last 5 years in the CV Raman Nagar area. In 2015, the property rate in CV Raman Nagar was Rs. 3983/sq ft; In 2018 it was Rs. 6656/sq ft and currently it is 9336/sq ft.
In past 2 years, the property rates have increased by 40.26%. If you calculate, in the last 5 years, the property prices in CV Raman Nagar have increased by 134.4%!
Looking at this trend, yearly, there is approximately 26.88% growth in property rates. So, it is definitely a great idea to invest in a property in CV Raman Nagar after observing the property trend.
It is actually a great idea of investing in CV Raman Nagar. A friend of mine works in CV Raman Nagar and bought a 1 BHK flat in Purva Seasons, CV Raman Nagar, Bangalore East, Bangalore. He bought a resale property and got it for around 60 L. He bought this property for investment purposes for now as he has been provided accommodation by his organization and has been getting a good rental value. I think he got a pretty great deal as the property rates in this area are rocket high! So, you too can find a similar deal if you are looking for a property for investment purpose.
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Thinking of buying a flat in Bangalore CV Raman Nagar. Will it be a good investment? Will rates of property increase in 5 years?
Suri Gowda
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September 22, 2020
2020-09-22T11:22:03+00:00 2020-12-15T12:24:07+00:00Comment
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