Avg. Rate
₹ 4,538/sq. ft
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)
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
Limited availability of modern residential projects and premium amenities
Congested roads and high footfall due to proximity to transport hubs
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
₹ 4,538/sq. ft
Average Price Range
₹ 1,800 – 10,955
Trend (5Y)
▲ 93.9%
Rates and Trends
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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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