New Launch - India Real Estate Report 2026.

Sevashrama

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Avg. Rate

₹ 3,745/sq. ft

Locality rating icon

Locality Rating

6.4/10

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.

Region

Bengaluru

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560023

Population

27,500

Schools

3

Nearest Airport

Kempegowda International Airport (BLR)

Neighbourhood Insights byPulse AI Logo

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The Good

Excellent connectivity to major parts of Bengaluru via road and rail

Well-served by schools, hospitals, and markets within 1–2 km radius

Established neighborhood with stable property demand

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The Bad

Limited new real estate developments and modern housing options

Moderate to high traffic congestion during peak hours

Bangalore City JunctionNear Sevashrama, Bengaluru Central Zone, Bengaluru

Aurum Price Index for Sevashrama

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

₹ 3,745/sq. ft

Average Price Range

₹ 1,800 – 7,735

Trend (5Y)

▲ 65.8%

Nearby Neighborhoods

Majestic

Majestic, located in the Sevashrama area of Bengaluru Central Zone, is one of the most prominent transportation and commercial hubs in Bangalore, India. With a PIN code of 560009, it serves as a central node connecting various parts of the city through road, rail, and metro networks. Historically developed around the railway infrastructure, Majestic has evolved into a bustling urban center with high footfall due to its strategic location and multimodal connectivity. The area is densely populated and primarily functions as a transit and commercial zone rather than a residential locality. The real estate in Majestic is dominated by commercial establishments, government offices, and small-scale retail outlets, with limited residential options available. Due to its central positioning, property values are influenced more by commercial demand than by housing markets, and there are currently no major residential projects under development. Despite the lack of new launches, the area remains highly sought after for business spaces and short-term rentals. Its proximity to key institutions and transport networks continues to sustain interest in the locality. Majestic is surrounded by several well-known neighborhoods including Subhash Nagar, Shastri Nagar, Hanumantapura, and Swatantra Palya, contributing to a diverse and vibrant urban fabric. The area supports essential urban infrastructure such as hospitals, educational institutions, and markets within close reach. However, challenges like congestion, noise, and limited green spaces affect its livability for long-term residents. Nonetheless, its role as a gateway to South and Central Bangalore ensures its enduring significance in the city’s urban landscape.

Avg. Rate

₹ 4,266/sq. ft

Locality Rating

6/10

Explore Neighbourhood

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

Explore Neighbourhood

Old Mysuru Rd

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.

Avg. Rate

₹ 4,365/sq. ft

Locality Rating

4/10

Explore Neighbourhood

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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