Parameswari Residency, Basaweshwara Nagar

Basaweshwara Nagar is a mature residential suburb in west Bangalore bordered by Rajajinagar, Vijayanagar, and Kamakshipalya. The pin code of Basaweshwara Nagar is 560079. This quiet neighbourhood houses retired government officials and families near the landmark Havanoor Circle. Residents send children to Carmel High School and visit nearby Ananya Hospital for medical care. Hosahalli Metro Station on the Purple Line is the nearest transit point at 2 km. West of Chord Road links the area to Krantivira Sangolli Rayanna Railway Station in 20 minutes. Average property rates range from Rs. 8,500 to Rs. 13,000 per sq ft for independent houses. Peaceful living drives the high housing demand here.

What's Good in Basaweshwara Nagar

• Hosahalli Metro Station on the Purple Line provides quick transit to central Bangalore.
• Sharada Devi Park offers clean walking tracks and green spaces for senior citizens.
• Carmel High School provides quality education within walking distance for local children.
• Siddaiah Puranik Road has many local grocery stores and fresh vegetable markets.
• Punarjani Ayurvedic Hospital offers reliable healthcare services right inside the residential layout.

As of August 22, 2026, the property rate in Basaweshwara Nagar ranges between Rs. 8,500 to Rs. 13,000 per square foot for apartments.

Why Should One Buy Property in Basaweshwara Nagar bangalore

• Steady rental demand near Rajajinagar Industrial Suburb provides consistent monthly yields for buyers.
• Short distance to Hosahalli Metro Station on the Purple Line supports long-term capital growth.
• Independent houses on Siddaiah Puranik Road hold high land value appreciation potential.
• Lower entry prices compared to neighbouring Rajajinagar attract budget-conscious property investors.
• Excellent road access via West of Chord Road maintains strong resale market liquidity.

As of August 22, 2026, the rental cost in Basaweshwara Nagar is between Rs. 12,000 and Rs. 35,000 monthly for 1 to 3 BHK apartments.

Why Should One Rent a House in Basaweshwara Nagar bangalore

• Affordable rental options compared to expensive apartments in nearby Rajajinagar attract young professionals.
• Quick access to Carmel High School makes it ideal for families with school children.
• Easy daily travel to World Trade Center Bangalore reduces daily travel times significantly.
• Fresh produce is easily available at the local Siddaiah Puranik Road vegetable markets.
• Peaceful residential environment near Sharada Devi Park appeals to families seeking quiet living.

Property values in this established residential pocket have seen a downward adjustment recently. The average buyer price per square foot ranges from Rs. 8,500 to Rs. 13,000, reflecting a capital depreciation of about 11.5% over the past year. Conversely, the rental market remains highly resilient due to steady demand from families. Monthly rental rates for typical apartments range from Rs. 12,000 to Rs. 35,000, showing a steady rental appreciation of approximately 8.3% in recent months. This divergence makes the locality highly attractive for yield-focused investors looking for stable rental income in west Bangalore. (* As of August 22, 2026)

Here are some of the important landmarks holding historical and cultural importance:

• Sri Raghavendra Swamy Matha: This peaceful spiritual centre attracts many devotees daily for prayers and meditation. Visitors can experience traditional rituals and participate in community lunch programs served here. It remains a quiet spot for mental peace.
• Sharada Devi Park: This well-maintained public park features walking tracks, seating areas, and play equipment for children. Local residents visit in the mornings and evenings for exercise and relaxation. It is filled with green trees.
• Havanoor Circle Market: This busy local market area is perfect for shopping for traditional clothing, fresh flowers, and household items. Visitors can explore numerous small retail shops and taste local street food. It is highly active in the evenings.
• Sri Ganesha Temple: This historic temple is known for its beautiful architecture and calm atmosphere. Devotees gather here during festivals to offer prayers and seek blessings. The temple premises are kept very clean.
• Basaweshwara Nagar Club: This local recreational club offers sports facilities, dining options, and social gathering spaces for members. Families visit on weekends to play tennis, swim, or enjoy quiet dinners. It is a key social hub.

Havanoor Circle is a prominent landmark in Basaweshwara Nagar. Some more include:

• Carmel High School
• Ananya Hospital
• Basaweshwara Nagar Water Tank
• Punarjani Ayurvedic Hospital
• Basaweshwara Nagar Police Station
• Sri Raghavendra Swamy Matha

Road Connectivity

Basaweshwara Nagar is well-connected through West of Chord Road and the following roads:

• West of Chord Road
• Siddaiah Puranik Road
• Magadi Road
• 80 Feet Road
• Outer Ring Road

Public Transport

Hosahalli Metro Station on the Purple Line is the closest public transit option, located 2 km away. Some more include:

• Rajajinagar Metro Station, Green Line, 3 km
• Mahalakshmi Metro Station, Green Line, 3.5 km
• Water Tank Bus Stop
• Havanoor Circle Bus Stop

Proximity to Airport and Railway Station

The nearest railway station and airport are Krantivira Sangolli Rayanna Railway Station, which is located 6 km away, and others:

• Yesvantpur Junction Railway Station, 7 km
• Kempegowda International Airport, 38 km