Defense colony Indiranagar – One of the Costliest areas in Bangalore
Defense colony
Wondering what is the heart of city of Bangalore? The answer is Indiranagar and wonder why it’s so; easily because of its Geographical location. We all know that, Indiranagar is one of the hot locality to stay in Bangalore if not the hottest locality due to its various big brand’s showroom, pubs, restaurants, cafeterias, etc and etc. The garden city or the silicon valley of India has been blessed with some very nice localities surrounding MG road and out of them Indiranagar is the best. Indiranagar is just 4km from MG road, so it’s a convenient place for anyone working in east or centre of Bangalore. And more over Indiranagar is adjacent to Domlur, which is the home to a lot of IT company and Indiranagar is also linked to Old Airport road which leads to Marathalli and Whitefield where again there are lot of IT companies out there, so Indiranagar is the preferable place to the techies also
In Indiranagar there is this small yet very peaceful locality namely Defense colony. As we enter into the Indiranagar area from Domlur by crossing the Domlur flyover, on right hand side we get Defense colony. Defense colony in situated between the two most popular and broader road in Bangalore, the 100 ft road and 80 ft road and parallel to another popular road CMH road. This area is home to some big shots in Bangalore so you can expect this locality to have some architectural marvels and high end villas and some newly built beautiful apartment by Salarpuria builders. Rahul Dravid the famous cricketer has his villa in defense colony at 6th main near Coffee day.
So due to its status and its strategic location the land rate in defense colony is around 12k-18k per sqft and the current flat rate is around 8k to 9k per sqft. The site area in Defense Colony is either 50*80 or 60*90, so if you want to buy a land in this area it will cost you at least, 4000 * 12000=4.8cr.
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November 28th, 2009 - 23:02
I would like to know that what could be rent of 3BHK apartment in defense colony??
November 30th, 2009 - 13:56
Yeah . I felt its very costly when i was searching for 2bk house. and when i gone through your blog, then i came to know the reason.
November 30th, 2009 - 20:13
but i heard that while recession time the rates were affordable… is it true?
January 31st, 2010 - 15:06
I know one property that got sold out @Rs. 10000.00 per sqft in defense colony. The land was not that great but still the value could have been around Rs. 12000.00 per sqft. The owner was in need of money and so he sold out.
The rates did come down a little bit during recession but is again picking up… Even after the recession their is a high demand for property in defense colony. After all its all about matching supply ad demand..