Bangalore Real Estate Update for Q1,2015
“As part of ‘Real Insights’ into real estate, commonFloor.com has come up with a quarterly report for Bangalore – with in-depth analysis based on CommonFloor data.
Q1,2015 in a Nutshell
- With 40 per cent new units supply, North Bangalore outshined East Bangalore that had maintained the top position for the last few quarters.
- Affordable segment rules the roost in terms of market share. However, it is interesting to note that as compared to Q4, 2014, the market share for the same has reduced from 50 per cent to 40 per cent.
- Unlike conventional market trend, a whopping 41 per cent new supply in this quarter was plots and layouts.
- In Q1,2015, Electronic City Phase I and Sarjapur Road were the showstoppers in all the aspects, which includes maximum new units supply, rental availability, demand and rental yield.
- Fastest Moving Rental Markets: As per CommonFloor’s proprietary data model, properties up for rent in KR Puram, Sarjapur ORR, Marathahalli, Bellandur, BTM Layout and Jayanagar on an average take just 13-18 days to go out.
