Nelamangala
Nelamangala, a serene suburban town in Bangalore Rural District, is known for its rich historical heritage and tranquil countryside charm.
About the location
Overview
The real estate market in Nelamangala is booming due to its proximity to Bangalore and the presence of industrial areas. The price ranges from INR 2,500 to INR 4,500 per sqft, with promising growth rates due to infrastructural development.
The Lifestyle
The lifestyle in Nelamangala is a harmonious blend of rural tranquility and urban convenience. The community is friendly and largely engaged in farming and small-scale industries. The area is witnessing rapid urbanization and development, yet it retains its serene, countryside charm.
Attributes
Rural-Urban Blend | Historical Significance | Industrial Growth | Agricultural Hub | Strategic Location | Proximity to Bangalore
You're sure to adore
Nelamangala's charm lies in its serene, rural background juxtaposed with urban amenities. It's a haven for those who seek tranquility away from the city's hustle and bustle, yet wish to stay connected. The town's ancient temples and monuments add a layer of historical richness.
The Market
Connectivity
Airport
The nearest airport to Nelamangala is Kempegowda International Airport, located approximately 47 kilometers away.
Bus
Nelamangala is well-served by KSRTC buses that connect it to several parts of Karnataka. The town has its own KSRTC bus station.
Train
Nelamangala has its own railway station, which is a part of the South Western Railway Zone of Indian Railways.
Road
Nelamangala is situated at the junction of two National Highways, NH-48 (Bangalore - Mangalore) and NH-4 (Mumbai - Chennai), making it strategically located.
Social Infrastructure
Educational Institutions
Prominent educational institutions include BGS World School and Adarsha Institute of Technology. Major hospitals include Nelamangala General Hospital and Columbia Asia Referral Hospital.
Hospitals
The town has several hospitals like Nelamangala Government Hospital, SLV Multispeciality Hospital, and Columbia Asia Referral Hospital.
Crime Rate
Nelamangala has a relatively low crime rate, with the most common crimes being property-related.
Geography
Soil
The region has red and laterite types of soil, suitable for crops like ragi, paddy, and groundnut.
Topography
Nelamangala is located on Deccan plateau with a mix of plain and hilly terrain.
Altitude
The town is situated at an altitude of about 882 meters above sea level.
Flora & Fauna
The region has a typical tropical savanna climate supporting various species of flora and fauna, including teak, sandalwood, and various bird species.
Climate
Season at a Glance
Winter (October-February), Summer (March-May), and Monsoon (June-September).
Rainfall
The average annual rainfall is around 800-1000 mm.
Temperature
The temperature ranges from a minimum of 15°C in winter to a maximum of 38°C in summer.
Real Estate Trends
Rental Yield
Rental yields in Nelamangala are around 3-4% annually.
Capital Appreciation
The capital appreciation in real estate is around 5-7% annually.
Average Price per sq.ft
The average price per sq.ft is around INR 3,000-4,000.
Demand & Supply Dynamics
There is a high demand for residential properties due to its strategic location and affordability, while the supply is moderate.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
Most assets are residential houses and apartments, with around 50-60 Airbnb listings in and around Nelamangala.
Revenue Potential
The revenue potential is high due to growing demand and capital appreciation.
Occupancy Rate
The occupancy rate of residential properties is around 80-85%.
ADR
The average daily rate for Airbnb rentals is around INR 2,000-3,000.
RevPar
The revenue per available room (RevPAR) is approximately INR 1,500-2,000.
Investment Guide
1. Consider investing in residential plots as the area is witnessing rapid development. 2. Proximity to industrial areas makes it ideal for commercial investments. 3. With ongoing infrastructural improvements, property appreciation rates are likely to rise.
Places to Visit
25 km I A historic 240-acre garden in Bangalore known for its glasshouse, rare flora, and annual flower shows.
80 km I An ancient temple located in a peaceful spot, ideal for relaxation and cultural exploration.
50 km I A tranquil man-made reservoir on Bangalore’s outskirts, perfect for birdwatching and peaceful walks. It is a popular destination for nature enthusiasts and travelers seeking serenity. The location offers hesaraghatta lake with opportunities for hesaraghatta lake and exploring the natural beauty of the area. Visitors can enjoy activities like hiking, photography, and wildlife sightings in a peaceful, untouched setting.
25 km I A historic 240-acre garden in Bangalore known for its glasshouse, rare flora, and annual flower shows.