Luxury Residential Market – Bangalore: A CommonFloor Report
Bangalore real estate market has withstood the thick and thin of the overall slowdown and emerged as a strong contender amongst all the major metros across the country. Interestingly, the luxury segment comprising of high-end apartments, penthouses, villas, layouts and plots – has witnessed immense interest by buyers.
More so, Central Bangalore saw the highest concentration of luxury units followed by East and North respectively. As per the number of new launches during the years 2012-2015, the markets of Sarjapur Road, Whitefield, Hebbal, CV Ramana Nagar are far ahead than many others markets though.
“As part of ‘Real Insights’ into real estate, commonfloor.com has come up with a detailed report on Luxury Residential Market -Bangalore with in-depth analysis based on CommonFloor data.
For detailed report“
In this report, the residential units having a price tag of more than ₹ 80 lakh but less than ₹ 1.50 crore can be categorized into luxury segment. If we take into account the price per square feet criterion, it may range anywhere between ₹ 6000-8000 on average, considering several factors. Although, there are also extreme cases wherein markets such as MG Road witnessed ₹ 18000 per sq. ft. prices.In the later part, our report tracks the trend in property prices for each identified locality based on the available data with CommonFloor. The reasons behind the price trend i.e. luxury amenities, infrastructure, proximity to key establishments and financial hubs have also been considered
