Avg. Rate
₹ 3,770/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 Urban
State
Karnataka
Pincode
560023
Population
9,000
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
Normalized to 100 · Oct 2020 baseline
Timeline
Property Listing Trends
(12%)
RERA Inventory & Sales Velocity
(13%)
IGR Transaction Data
(15%)
Rental Yield
(10%)
Pollution & Environment
(08%)
Infrastructure & Connectivity
(13%)
Social Infrastructure
(08%)
Crimes & Safety
(08%)
Political Stability
(06%)
Corruption & ease of doing business
(07%)
Timeline
Average Rate
₹ 3,770/sq. ft
Average Price Range
₹ 1,800 – 7,936
Trend (5Y)
▲ 70.6%
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The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in


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