Challaghatta, Bangalore

challaghatta is a thriving locality in Bangalore urban area and is well connected to koramangala inner ring road and also Wind Tunnel Road. the area has majorly full of residential properties on offer. the marketplace in this area is popular and draws huge crowd. the area is scheduled to receive its namma metro soon. owing to its connectivity, residential properties are in high demand here. 

the locality is quite at the centre of east bangalore and is therefore a busy place every day.  the average rate for sale of properties in this region is rs. 6000 per square feet which is affordable and promises good quality properties at this price. an average 3bhk therefore ranges between  rs. 92 lac to rs. 1.3 cr when up for sale. in terms of rent, the average monthly rent is between rs. 30,000 to rs. 60,000. 

there are currently 17 properties that are available for sale and there are 23 properties which are available for rent. in terms of sale, 23% of the properties are in 80lac to 1 cr price range and rest above 1cr are in 12 to 18% of the properties available in that region. 47% of the properties for sale are 2bhks, 29% are 3 bhks, 12% are 4 bhks and 12% are 5 bhks. commercial office space available for sale in challaghatta is just 6%. 72% properties are residential apartments and 11% properties are penthouses. on the rent front, 35% of the properties are in the monthly range of 30k-35k while 22% of the properties are in 25k-30k range. 3bhks are the highest in demand and form 48% of the inventory for rent in this region. 81% of the properties available for rent are 2/3/4 bhks, 8% are commercial office spaces and 8% are builder floor apartments. a meagre 3% commercial land is available for rent in this locality. 

key highlights

• there locality enjoys great connectivity options which will become even better in the near future. 

• residents find all amenities and marketplaces close at hand. 

• schools, atms and hospitals are present near the locality.

• the neighbourhood is very friendly and is a combination of urban middle class and high class society of modern east bangalore. 

whats great?

• the highlight feature of this locality is that it gives you great connectivity options which means  easy access to major connectors of bangalore like koramangala inner ring road and wind tunnel road.

• transport facilities from buses to cabs is well provided in this region. it is a favourite of the urban working class.

• parking options are great in this area and traffic is well regulated in the locality.  

• the locality is known to be safe amongst residents. 

whats not great?

• the market place is a thriving section of the locality leading to traffic and walkway congestion during most hours of the day. 

• the roads are not so clean and therefore, a walk through the crowd might leave you wanting a shower. 

Watch out for?

there are different types of residential properties available in the area like 2/3/4/5 bhks and penthouses. the price gaps are comparatively not great which essentially means that the locality is still within affordable housing segment. while choosing your flat, look out for price rise.

property rising factor

short term: the locality has had steady price rises in the recent past. there have been stagnant phases only due to lack of cleanliness and good roads. however, the properties available for sale and rent in this locality are of high class and good construction. therefore, even after a year or two, you can expect the property to give you a higher selling price. 

long term: the overall appeal of this locality has changed considerably during the past few decades. the price rise has not been steep. but owing to current crunch in bangalore properties, the price rise is expected to be steep in the long term. therefore, even long term planners can hope to reap rich benefits of selling or renting the property that they invest in today. 

other highlights  

social infrastructure

the locality is having a friendly neighbourhood and boasts of good safety and security to its residents. prominent schools, colleges and hospitals are close at hand along with banks and atms. 

shopping complex,& markets

challaghatta is a thriving marketplace and has many malls and shopping complexes in the area and nearby. some such malls and markets are:

• i towers

• kemp fort mall

• phokat parking 

• market square mall

• the forum mall koramangala

• greens super market

• mvr super market 

• yes vegetables and fruit market

• city market

• shri lakshmi venkateshwara super market

• samrudhi super market

health care centers

hospitals and healthcare centres in challaghatta are as follows:

• command hospital, airforce

• hindustan aeronautics limited hospital

• ojus multispecialityhospital

• manipal hospital

connectivity & public transport

• buses are available in the area with ac coaches, non ac coaches, government state transport to private buses. 

• metro connectivity is closest at indiranagar and halasuru and are just 15 minutes from the locality.

schools, bank & fitness centers

schools.

• domlur play school 

• columbia international school 

• patel kris school

• air force school

• global city international school 

• hal tamil primary school 

• nalapadachool

• eurokidsmurgeshpallya

• government primary school 

banks.

• axis bank

• icici bank

• state bank of india

• hdfc bank

• kotak mahindra bank 

• jana small finance bank 

fitness centres

• f45 training

• poundd fitness

• shoretel gym

• mm multigym

• spartans gym

popular landmarks near locality

• dr. b.r ambedkar park and the park in egl are the highlight green areas which host walkers and tourists for enjoying the beauty of nature in the heart of the city. 

• there are several temples like durga temple, shiva temple, ganesh temple, and more in this locality. 

• bellandur lake is in the near vicinity and is always a drive away on weekends and on picnic days. 

micro market analysis

capital and rental trends:rental trends are steady in spite of fluctuating inventory sizes. the  capital gain depends upon step-up of new projects or commercial offices which is rare here. 

scope of growth: the locality has limited cope of growth unless new projects are created in place of existing residential units. 

investment opportunities: major returns on investment in this residential area since properties are always on demand due to the location.