The Ashok Nagar real estate market has benefited from fast-paced development. Its proximity to key areas in the city, has also scaled up the demand for flats in Ashok Nagar. When it comes to buying apartments in Ashok Nagar, 2 and 3-BHK are the most preferred configurations. There are several leading builders in Ashok Nagar including Puravankara, Sobha Group, Prestige, K Raheja, DS Max, Sekhar, Brigade and many others. Some of the big-ticket residential projects in Ashok Nagar include Purva Grande and Prestige Ashcroft, to name a few.
While Ashok Nagar is still a good choice for affordable and mid-range housing, neighbouring areas closer to the ORR cater majorly to the upper end of the market.
Other nearby Ashok Nagar localities include Srinivasa Nagar and Richmond Town. The area offers good future potential, since major roads like the Residency Road, Brigade Road and St Marks Road pass through here.
Connectivity with nearby Ashok Nagar localities
- It enjoys excellent location on MG Road, with seamless connectivity to major parts of the city.
- Connected to the rest of Bengaluru, through Kamraj Road, Hosur Road and KH Road.
- The nearest railway station is Cantonment Railway station – 4 kilometres away.
- Ashok Nagar is located 35 kilometres away from the Kempegowda International Airport.
- BMTC bus network connects the area to several other parts of the city.
Employment hubs near Ashok Nagar
- Embassy Manyata Business Park – 14.5 kilometres via Bellary Road.
- Koramangala – 6.8 kilometres via Lower Agaram Road and Srinivagilu Main Road.
- International Tech Park (ITPB) – 17.9 kilometres via Old Airport Road.
- KIADB Industrial Area – 3.5 kilometres via Queens Road.
- Electronic City – 17.2 kilometres via Hosur Road.
- Whitefield – 17.6 kilometres via Varthur Main Road & Old Airport Road.
Schools in Ashok Nagar and other social amenities
Reputed schools in Ashok Nagar include the Bishop Cotton Boys High School and Government Urdu School. Leading hospitals in Ashok Nagar include the MG Hospital, Hosnet Hospital and BNR Skin Hospital. Popular malls in Ashok Nagar include the Eva Mall and Garuda Mall, to name a few.
Upcoming physical infrastructure in Ashok Nagar
- Construction of the proposed elevated expressway, will bring in more investors to this area.
- The 8-lane Peripheral Ring Road will help to ease traffic jams, in the entire corridor.
Price trends in Ashok Nagar
- Price appreciation – 3%-5% over the last quarter.
- Current property rates – Rs 3,500-5,453 per sq ft.
Reasons to invest in Ashok Nagar
Taking into account the price trends in Ashok Nagar and other factors, it can be assumed that appreciation will be decent here, in the future. The rates are still competitive and there is good connectivity to several major destinations and business hubs. The teething problems here, include potholes and poor roads in some stretches.
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