New Launch - India Real Estate Report 2026.

Old Mysuru Rd

Avg rate icon

Avg. Rate

₹ 4,365/sq. ft

Locality rating icon

Locality Rating

4/10

Old Mysuru Road, located in the Gopalapura area of North Bengaluru, is a developing residential corridor that connects central Bangalore to the southern and western suburbs. With a PIN code of 560023, this locality lies along one of the city’s older arterial routes, historically serving as a gateway to Mysuru before the development of the newer National Highway 275. Over the years, Old Mysuru Road has evolved from a semi-rural stretch into a sought-after residential zone due to infrastructural upgrades and improved connectivity. The area features a mix of independent homes, gated communities, and a few upcoming apartment projects, reflecting gradual real estate development. While still emerging compared to more mature localities, it offers relatively affordable housing options in a city where property prices have surged. Proximity to major employment hubs, educational institutions, and healthcare facilities has increased its appeal among middle-income buyers and investors. Old Mysuru Road benefits from ongoing urbanization, with enhancements in road infrastructure and public transport access. It is surrounded by localities such as Kanakanagara and Shamabhattara Palya, contributing to a close-knit residential fabric. Though not yet fully urbanized, the locality is witnessing steady growth, making it a potential contender in Bangalore’s expanding real estate map.

Region

Gopalapura

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560023

Population

37,500

Nearest Airport

Kempegowda International Airport (BLR)

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Locality price index icon

The Good

Offers relatively affordable property rates compared to central Bangalore

Well-connected to key employment zones via Old Mysuru Road and NH275

Growing availability of schools, clinics, and local markets

Locality price index icon

The Bad

Limited metro connectivity with nearest station over 5 km away

Inconsistent road conditions and drainage issues during monsoon

Aurum Price Index for Old mysuru rd

1BHK2BHK3BHKAll

Normalized to 100 · Oct 2020 baseline

Timeline

Aurum Price Index is based on 10 parameters:

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%)

Rates and Trends

Upper PriceAverage PriceLower Price

Timeline

Average Rate

₹ 4,365/sq. ft

Average Price Range

₹ 1,800 – 10,328

Trend (5Y)

▲ 91.4%

Nearby Neighborhoods

Gopalapura

Gopalapura, located in the North Zone of Bengaluru with PIN code 560023, is an emerging residential locality that reflects the city's rapid urban expansion while retaining traces of its traditional roots. Historically a quiet neighborhood, it has gradually transformed into a sought-after residential pocket due to its strategic location near major employment hubs and improving infrastructure. The area offers a mix of independent homes, budget apartments, and upcoming residential projects catering to middle-income families and young professionals. Residents benefit from proximity to key tech corridors such as Manyata Tech Park and Hebbal IT corridor, making Gopalapura an attractive option for those working in Bengaluru’s booming IT sector. Road connectivity has improved significantly with access to Outer Ring Road (ORR) and NH 44, facilitating smoother commutes across the city. Although still developing, the locality is witnessing steady real estate growth driven by demand for affordable housing options in well-connected parts of North Bengaluru. Gopalapura is gradually enhancing its social infrastructure with new schools, healthcare centers, and local markets coming up to serve the growing population. Green spaces like small neighborhood parks provide recreational opportunities, while community-driven events foster a close-knit residential environment. With ongoing civic upgrades and rising interest from homebuyers, Gopalapura is positioning itself as a promising locality in Bengaluru’s evolving urban landscape.

Avg. Rate

₹ 4,042/sq. ft

Locality Rating

6.2/10

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M.G. Railway Colony

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.

Avg. Rate

₹ 3,770/sq. ft

Locality Rating

4.3/10

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Sevashrama

Sevashrama is a well-established residential and commercial neighborhood located in the heart of Bengaluru, within the Central Zone. With a PIN code of 560023, it lies close to key areas such as Gandhi Nagar, Chamrajpet, and Vasanth Nagar, making it an integral part of the city's urban fabric. Historically, the area has evolved as a mixed-use locality, hosting government offices, small businesses, and heritage buildings, reflecting Bengaluru’s layered development over decades. The locality benefits from strong connectivity, being near major roads like K.R. Road and proximity to the City Railway Station and National Highway 44. Public transport options, including BMTC buses and the upcoming Metro connectivity, enhance accessibility. Despite limited new real estate projects, demand remains steady due to its central location and established infrastructure. Sevashrama offers a blend of traditional South Indian culture and urban living, with nearby markets, schools, and healthcare facilities supporting daily needs. While residential options are mostly older apartments and independent homes, the area appeals to those seeking proximity to the city center. Its real estate remains relatively stable, with no significant new developments reported recently.

Avg. Rate

₹ 3,745/sq. ft

Locality Rating

6.4/10

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Frequently Asked Questions

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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