Overview of Mathikere, Bangalore

Mathikere, found in north Bangalore, stands out as a prime residential area offering both affordability and convenience through good connectivity and plenty of conveniences.

Location and Connectivity

• Located near well-known areas like Yeshwanthpur, M S Ramaiah Nagar, and Jaladarshini Layout.
• Key roads including CV Raman Road, MS Ramaiah Road, and HMT Main Road allow easy access to various parts of the city.

Historical Development

• Formerly a small village, Mathikere grew significantly since the 1950s as Bangalore expanded. The opening of institutions like the M S Ramaiah group further boosted its development.

Demographics and Lifestyle

• Predominantly residential and home to upper-middle-class families.
• Residents hail from many parts of India and include foreign nationals working in IT firms.
• A calm lifestyle with robust social infrastructure, and strong presence of educational establishments fosters a vibrant learning environment.

Property Rates and Trends

Buying

• Properties average Rs. 8,203 per sqft ranging from Rs. 5,714 to Rs. 14,880 per sqft.
• Specific locales like M S Ramaiah Nagar feature higher averages at Rs. 9,548 per sqft ranging from Rs. 5,277 to Rs. 19,841.
• Price varies from Rs. 50 Lakhs to 2 Crores depending on location, amenities, and size.

Renting

• Options range from apartments to independent houses, with configurations of 1 BHK, 2 BHK, and 3 BHK.
  • Monthly leases vary, as:
    • For 1 BHK apartments: ₹4 lakhs to ₹10.05 lakhs over 6 to 36 months.
    • For 2 BHK and 3 BHK apartments: ₹13 lakhs to ₹19 lakhs for similar durations.
  • Monthly rentals fluctuate between Rs. 5,000 to ₹25,000.

Amenities and Infrastructure

• Mathikere offers facilities like corporation water, drainage, CCTV, parks, gyms, ATMs, lifts, security, and consistent power supply.
• Nearby metro stations enhance convenience along with schools, hospitals, markets, railway stations, and highways.

Investment Potential

• High demand both for residential and commercial properties due to its rising value.
• Proximity to schools and commercial centers ensures consistent rental demand making it appealing for both buyers and investors.

PropertyWala's Conclusion

Bangalore’s Mathikere offers an appealing choice for buyers and renters with its mix of affordability, connectivity, and amenities. With its solid educational and commercial amenities, and its diverse culture and calm, yet connected lifestyle, it attracts families and working professionals. Whether you're planning to buy or invest, Mathikere's potential for property appreciation and great rental returns makes it a solid choice in Bangalore's real estate market.