About Richmond town
richmond town, bangalore is a residential locality in bangalore city. richmond town is located next to the karnataka state hockey stadium and is bordered by hosur road, general ks thimayya road, and langford road. the localities near richmond town are – shanti nagar, shanthala nagar, ashok nagar, neelasandra nagar, victoria layout, brigade road, lavelle road, and richmond road.key highlightsthe karnataka state hockey stadium lies adjacent to the area. the stadium is a national-level hockey practice ground and nurtures the budding hockey talent of india.just a few kilometers from the kanteerava indoor sports stadium, an indoor sporting facility for basketball, kabaddi, tennis, and other sports.few kilometers from cubbon park, a 300+ acre park at the center of bangalore city. it is an essential area for picnics and jogging, along with other recreational activities in bangalore.few kilometers from the visvesvaraya industrial and technological museum, an impressive stadium about technology and its progressions over the years.located next to hosur road, one of the busiest roads of bangalore and the indian christian cemetry.whats great?few kilometers from the m.chinnaswamy stadium, one of the most prominent stadiums, established in 1969, has hosted several national and international cricket matches. it is also the home ground of the ipl franchise of royal challengers bangalore.near halasuru lake - a crucial boating and fishing spot near the region and a source for constant water supply in the region.a few kilometers from the lalbagh botanical garden, a centuries-old garden was established during haider alis region in the 1700s. it is one of the prime centers for recreational and entertainment in bangalore.the metro infrastructure covers the area with the mg road metro station and the trinity metro stations, both within a 5 km radius of the locality.whats not great?property rates here are a bit high.the problem of frequent traffic jams in the areaWatch out for?properties near the karnataka state hockey stadium and the busy hosur roadproperties near the richmond town parkproperty rising factorshort termseveral housing projects such as – regency house, indraprastha society, ashed regency, and the prestige golden apartmentslong termthe area lies close to the critical commercial points of bangalore, is well covered by the metro infrastructure, and has excellent recreational and sports facilities near the locality, including the very famous stadiums and parks of bangalore.other highlightssocial infrastructureplenty of stadiums in the area for watching national and international sports matches - karnataka state hockey stadium, kanteerava indoor sports stadium, and the famous m.chinnaswamy stadium. halasuru lake, cubbon park, and the lalbagh botanical gardens are essential for recreation and entertainment, especially lalbagh botanical gardens with waterfalls, lakes, and fountains.devi temple.shopping complex & marketsgaruda mall, ashok nagarub city mall, dsouza layout, ashok nagarhealth care centersnarayana medical centre, langford roaddr. agarwal hospitals, shanti nagarconnectivity & public transportmahatma gandhi road metro stationtrinity metro stationschools, bank & fitness centersschools in this area are:balwin opportunity school, rhenius streetbishop cotton girls school, st. marks roadwisdom international school, norris roadbanks in the area are:sbi bankhdfc bankfitness centres in the area are:golds gymraw fitnesspopular landmarks near localitykarnataka state hockey stadiumshai cemetryindian christian cemeterymicro market analysiscapital and rental trendsthe property market in richmond town, bangalore, mainly consists of residential apartments, which account for about 78% of all the listed offerings for sale.out of the remaining listings, 11% market share is of commercial office spaces, and various offerings cover the rest.the most crucial apartment configuration is 3 bhk apartments (66%), 2 bhk apartments (16%), $ bhk apartments (16%), and others.the offerings in the rent market consist of residential apartments (76%), with the rest being offers for commercial office spaces.the price range of residential apartments is about inr 9180 to inr 13,200 per sqft, which averages out to be inr 11,200 for most properties.the average rent for a 2 bhk apartment starts at inr 35,000 and can go as high as inr 50,000, depending upon locality.scope of growththe property prices in the area are more than 1 crore for 2 bhk apartments, so we can safely assume the prices to be a bit high; thus, any noticeable increase in prices is quite unlikely. the properties are expected to increase at a slow rate of 0.20%-0.70% per year.investment opportunitiesinvestment in the karnataka state hockey stadium properties and the busy hosur road will give a good return.likewise, investment in properties near the richmond town park is beneficial.
