NR Colony Basavanagudi 40×60 Redevelopment Site for Sale – ₹7.98 Cr

A 2400 sq ft south-facing redevelopment property is available for sale in NR Colony, Basavanagudi at ₹7.98 Crore. This offering presents a rare opportunity to acquire land in one of South Bangalore’s most culturally rich and well-established residential neighborhoods.

NR Colony remains a tightly held micro-market known for its heritage charm, wide roads, and proximity to key South Bangalore hubs. With limited availability of large plots, this property stands out for its redevelopment potential and long-term value.

Quick Property Snapshot

1. NR Colony – Basavanagudi’s Prime Residential Pocket

NR Colony is one of the most sought-after areas within Basavanagudi, known for its peaceful residential environment and strong cultural identity.

Key Location Advantages

Connectivity

• Close to Jayanagar & Banashankari
• Easy access to Lalbagh Road & KR Road
• Seamless connectivity to South Bangalore corridors
• Metro connectivity within short distance

Lifestyle Infrastructure

• Reputed educational institutions
• Multi-specialty hospitals nearby
• Temples, parks, and cultural landmarks
• Established shopping and dining options

Compared to newer layouts, NR Colony offers stability, heritage value, and consistent demand from end-users.

2. Pricing Analysis – ₹7.98 Crore for 2400 Sq Ft

₹7.98 Cr ÷ 2400 sq ft ≈ ₹33,250 per sq ft (Approx.)

What Influences Pricing?

• Prime Basavanagudi location
• Plot size and frontage
• Road width and accessibility
• Redevelopment potential

In core South Bangalore locations like Basavanagudi, land value significantly outweighs structure value, making such properties ideal for redevelopment-focused buyers.

3. Redevelopment Potential & Site Strength

A 40×60 plot provides excellent flexibility for:

• Boutique apartment development
• Premium independent residence
• Duplex or multi-level villa construction

Why South-Facing Works

South-facing plots are widely accepted in Bangalore’s urban residential market and offer flexibility in modern architectural planning.

Development Advantages

• Standard rectangular plot for efficient planning
• Suitable for multi-unit residential projects
• Strong resale demand for redeveloped units

Compared to smaller sites, 2400 sq ft allows better parking, design flexibility, and elevation possibilities.

4. Investment Perspective – Limited Supply Market

NR Colony and Basavanagudi are supply-constrained markets with:

• Limited new land availability
• High end-user demand
• Strong long-term appreciation

Why This Property Stands Out

• Prime heritage locality
• Redevelopment-ready asset
• Consistent demand from premium buyers
• Strong cultural and residential appeal

5. Ideal Buyer Profile

End-Users

• Families building a custom independent home
• Buyers seeking central South Bangalore living
• Those valuing heritage neighborhoods

Investors & Developers

• Boutique apartment developers
• Long-term land investors
• Buyers targeting premium resale segments

Frequently Asked Questions

1. What is the total plot size?
   The property measures 40×60 (2400 sq ft).
2. What is the asking price?
   The quoted price is ₹7.98 Crore.
3. Is the property south-facing?
   Yes, it is a south-facing plot.
4. Is there an existing structure?
   Yes, there is an old structure, and the primary value lies in redevelopment.
5. Is this suitable for apartments?
   Yes, it is suitable for boutique apartment development or luxury home construction.
6. Is NR Colony a good investment location?
   Yes, it is a highly stable and premium residential micro-market in South Bangalore.

Conclusion

This 40×60 south-facing redevelopment site in NR Colony, Basavanagudi offers a rare chance to own land in a culturally rich and supply-constrained locality at ₹7.98 Crore.

Top Highlights:

• Prime Basavanagudi location
• Standard 2400 sq ft plot
• Strong redevelopment potential
• High long-term appreciation

For buyers seeking central South Bangalore land with strong cultural value and redevelopment flexibility, this property is a compelling 2026 opportunity.

Address

City: Bangalore
State/county: Karnataka
Area: NR Colony, Basavanagudi
Country: India

Details

Updated on: May 2026
Price: ₹7.98 Crore
Property Size: 2400
Type: Redevelopment Site
Property Status: For Sale