Avg. Rate
₹ 7,461.25/sq. ft
Locality Rating
4.3/10
M.G. Railway Colony is a well-established residential locality situated in Sevashrama, under the Bengaluru Central Zone, with the PIN code 560023. Originally developed to house railway employees and their families, the area retains a strong sense of community and historical significance tied to the Southern Railway. Its proximity to key transport hubs makes it a strategically located neighborhood in central Bengaluru. The locality is surrounded by prominent areas such as Majestic, Shastri Nagar, and Swatantra Palya, offering residents easy access to commercial centers, educational institutions, and healthcare facilities. Despite limited new real estate development, M.G. Railway Colony remains a preferred choice for those seeking affordable housing with excellent connectivity. Real estate in M.G. Railway Colony primarily consists of older railway quarters and independent homes, with minimal new construction activity. The area is well-connected by road and rail, making it ideal for commuters working in central Bengaluru or nearby IT corridors. Its mature infrastructure and central location contribute to steady demand for rental and resale properties.
Region
Sevashrama
City
Bengaluru
District
Bengaluru
State
Karnataka
Pincode
560023
Population
Estimated population of 8,000–10,000 residents as of 2023, primarily middle-income families and government employees.
Schools
1
Nearest Airport
Kempegowda International Airport (BLR)
Excellent connectivity to major transport hubs including Bangalore City Railway Station and Majestic metro
Well-established neighborhood with reliable civic infrastructure and community feel
Affordable housing options compared to newer localities in central Bengaluru
Limited availability of new residential projects and modern apartments
Congested roads and moderate traffic during peak hours due to central location
Timeline
Average Rate
₹ 7,461.25/sq. ft
Average Price Range
₹ 1,800 – ₹ 9,150
Trend (5Y)
▲ 80.2%
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