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Shastri Nagar

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Avg. Rate

₹ 4,538/sq. ft

Locality rating icon

Locality Rating

4/10

Shastri Nagar is a well-established residential locality situated in the Sevashrama area of central Bengaluru, falling under the Bengaluru Central Zone. It shares the PIN code 560020 and is surrounded by prominent neighborhoods such as Majestic, Hanumantapura, Jakkarayana Kere, and Subhash Nagar, making it a strategically located hub in the city's core. The area has evolved over decades, transitioning from a railway-centric settlement to a mixed-use neighborhood with residential and commercial activity. Known for its proximity to key transport nodes, Shastri Nagar benefits from excellent connectivity via road and rail, with easy access to M.G. Road, Kempegowda Bus Station, and the Bengaluru City Railway Station. While the locality does not currently host large-scale real estate developments, it features predominantly older residential buildings and rental housing, catering to middle-income families, students, and working professionals seeking affordable accommodation in central Bangalore. The area is supported by essential urban infrastructure, including schools, hospitals, markets, and public transport links, contributing to its functional livability. Though real estate prices and per-square-foot rates are not widely documented due to limited new projects, the demand remains steady owing to its location advantage. Shastri Nagar continues to be a practical choice for those prioritizing accessibility over premium amenities.

Region

Sevashrama

City

Bengaluru

District

Bengaluru Urban

State

Karnataka

Pincode

560020

Population

17,500

Nearest Airport

Kempegowda International Airport (BLR)

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The Good

Excellent connectivity to major parts of Bengaluru via metro, bus, and train

Affordable rental and resale housing options compared to newer localities

Access to essential amenities like schools, clinics, and markets within walking distance

Locality price index icon

The Bad

Limited availability of modern residential projects and premium amenities

Congested roads and high footfall due to proximity to transport hubs

Aurum Price Index for Shastri nagar

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

₹ 4,538/sq. ft

Average Price Range

₹ 1,800 – 10,955

Trend (5Y)

▲ 93.9%

Nearby Neighborhoods

Hanumantapura

Hanumantapura is a well-established residential locality situated in the Sevashrama area of central Bengaluru, falling under the Bengaluru Central Zone. It shares its pincode 560020 with several adjacent neighborhoods and is nestled close to key transport hubs and commercial zones, making it a convenient residential choice. The area is primarily composed of independent homes and older apartment complexes, reflecting its long-standing residential character. Though not a major real estate hotspot, it offers proximity to employment centers and civic infrastructure. Located just south of the bustling Majestic transport terminal, Hanumantapura benefits from excellent connectivity via road and rail networks. It lies near major thoroughfares such as Dr. B.R. Ambedkar Road and K.R. Road, providing direct access to different parts of the city. The neighborhood is surrounded by established localities like Shastri Nagar, Swatantra Palya, and Subhash Nagar, contributing to its integrated urban fabric. Its central location makes it ideal for professionals working in nearby commercial districts. Hanumantapura lacks large-scale new real estate developments, with no ongoing residential projects currently reported. Property values are influenced more by location and accessibility than by modern amenities or luxury infrastructure. However, the area remains attractive to budget-conscious homebuyers and tenants seeking central-city living without premium pricing. Essential civic services and basic urban facilities are readily accessible, supporting day-to-day convenience.

Avg. Rate

₹ 3,909/sq. ft

Locality Rating

4.1/10

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Jakkarayana Kere

Jakkarayana Kere is a well-established residential locality situated in the Sevashrama area of central Bengaluru, falling under the Bengaluru Central Zone. Known for its proximity to key transport hubs and commercial centers, it lies within PIN code 560020 and shares borders with neighborhoods such as Hanumantapura, Shastri Nagar, and Swatantra Palya. Historically, the area developed around the M.G. Railway Colony, reflecting its roots in the city’s railway infrastructure, and retains a strong community character with a mix of old and new residential structures. The locality benefits from excellent connectivity, being just a few kilometers from Bengaluru’s central transport hub, Majestic, where the Namma Metro’s Purple and Green Lines converge. Major roads like Dr. B.R. Ambedkar Road and the Inner Ring Road provide seamless access to downtown, Koramangala, and the Kempegowda International Airport via the Airport Expressway. Despite limited high-rise developments, Jakkarayana Kere remains a sought-after pocket for those seeking central city access without the premium pricing of areas like Indiranagar or Jayanagar. While there are currently no large-scale real estate projects underway, the area sees steady demand for resale apartments and rental units, particularly 1BHK and 2BHK homes. Basic amenities such as schools, hospitals, and grocery markets are within walking distance or a short commute. Its blend of affordability, accessibility, and neighborhood stability makes Jakkarayana Kere a practical choice for young professionals, small families, and investors looking at long-term rental yields in central Bengaluru.

Avg. Rate

₹ 4,220/sq. ft

Locality Rating

4.3/10

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LakshmanPuri

LakshmanPuri is a well-established residential locality situated within the Gandhi Nagar area of Central Bangalore, falling under the Bengaluru Central Zone. It shares a PIN code of 560009 and is surrounded by prominent neighborhoods such as Madhava Nagar, Racecourse, and Vasanth Nagar, offering a strategic location in the heart of the city. Historically, the area has evolved as a peaceful residential enclave amidst Bangalore’s rapid urban expansion, retaining a close-knit community feel while remaining well-connected to commercial hubs. The locality benefits from proximity to key infrastructure, including major roads like Kamaraj Road and Ambedkar Road, enabling smooth access to central business districts such as Shivaji Nagar and MG Road. Although there are no large-scale real estate developments currently underway, LakshmanPuri is known for its older apartment complexes and independent homes, making it a preferred choice for those seeking a central yet relatively quiet location. Public transport options, including buses and the upcoming metro connectivity, enhance its accessibility. Residents enjoy access to a range of essential amenities, including schools, hospitals, markets, and recreational spots within a short distance. The area is also close to the Bangalore Football Stadium and the historic Race Course, contributing to its appeal. While property prices and market data are not widely tracked due to the absence of large new projects, LakshmanPuri remains a stable residential option in central Bangalore with steady demand from families and professionals.

Avg. Rate

₹ 4,191/sq. ft

Locality Rating

4.2/10

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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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