Property in Indira Nagar
Indira Nagar, Bangalore
Indira Nagar is a residential locality in East Bangalore, 4 kilometers from the city’s hotspot, MG Road. It was formed as a BDA layout in the early 1980s and shares boundaries with Vimanapura on the east, Ulsoor on the west, Byappanahalli on the north and Domlur on the south. In the late 1990s, the IT boom in Bangalore converted Indira Nagar into a semi-commercial area. The area houses several commercial establishments like Syntel India Limited, Spica Software Services, Authoria, Adriotec Information Systems Limited and Visual Web Solutions Private Limited, to name a few.
Indira Nagar is well-connected to other major areas in Bangalore like MG Road, Brigade Road, Kodihalli, Koramangala, Domlur, HAL Layout, Murugeshpalya, Cambridge Layout and Ulsoor. It provides excellent connectivity to other major areas via railways and airways. Bangalore City Junction Railway Station is just 21 minutes away while the Hindustan International Airport is only 10 minutes from Indira Nagar. Moreover, Bangalore has a Rapid Mass Metro Transit System for internal traffic called Namma Metro. This line connects Indira Nagar to its neighborhood Swami Vivekananda Road. Indira Nagar is also connected to other areas of Bangalore via BMTC buses.
Schools and Colleges
Indira Nagar is home to several famous schools and colleges including National Public School, New Horizon, Capital College, Dr. Ambedkar Evening College, Institute Of Clinical Research, NIIT, KMJ College of Nursing, Ambedkar Institute of Management Science and Chinmaya Mission Hospital School of Nursing.
Reputed hospitals in the area include Chinmaya Mission Hospital, ESI Hospital, Isolation Hospital, Sri Manjunatha Hospital, Epidemic Diseases Hospital, and Government TB & CD Hospital.
Shopping Malls and Recreation
There are numerous shopping avenues and recreation options available in Indira Nagar. Indira Nagar Club, Country Club, Rotary Club and Senior Citizen Club are some of the famous clubs in the area for recreation purposes. Apart from these clubs, many amusement parks, multiplexes and restaurants are also located in the area.
Real Estate in Indira Nagar
Indira Nagar is one of the localities in Bangalore which has posted the maximum price appreciation in the city for the past few quarters. It is a preferred destination in Bangalore to live and work. Residential properties in Indira Nagar are being developed by famous builders like Marvel Realtors, Oceanus Group, DRA Group and Arrat Homes. Some of the good projects here include Marvel Amora, Marvel Arista, Oceanus Group Tranquil and Marvel Viento. The unit sizes vary from one project to another with sizes ranging from 850 sq. ft. to 5470 sq. ft. Currently, there are 19 ongoing projects and 6 projects are due for possession in 2014.
During the last 6 months, minimum rise in the property rates in Indira Nagar has been 6.7% and at places, they have risen by upto 25.0%.
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