Bangalore real estate scenario

Q: What is the real estate scenario in Bangalore?

Lekshmi,

2nd January 2013

Real estate News in Bangalore

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With plans of expansion in store and rekindling of the hiring process, the realty sector is likely to get adequate boost and rise several notches up in the next few years. Increasing number of IT set-ups will trigger the demand for residential space in the city significantly and will give real estate an edge.

Though, it is a fact that IT drives the demand for housing units in Bangalore, many other factors play a crucial role in it. Insurance, service and automotive industry work side-by-side to maintain the status-duo for real estate demand in the city.

Aneek Das,

26th September 2013

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Why invest Bangalore?

James, Bangalore

26th September 2013

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Investment in cities backed by IT sector fetches lucrative returns, in comparison to non-IT cities. In the last few years, properties in the city have increased by 100-200% that promise of 20-25% return on investment in the next two years.

According to market experts, property investment near IT locations such as Electronic city, Whitefield and Hennur road are likely to yield fruitful returns. Properties close to IT corridors are expected to be in great demand and have appreciated by 500% in the last few years. However, the outskirts of Bangalore have not witnessed such appreciation.

Somesh Venkatesh, Bangalore

26th September 2013

Why IT is the soul of Bangalore?

Niketan Verma, Bangalore

25th September 2013

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IT sector is considered the soul of Bangalore’s real estate, both in terms of commercial and residential. According to market reports, demand for professionals in the IT sector in the city have propelled up by 34% in comparison to July-Dec 2012.

Dhiraj,

25th September 2013

The IT/ITes sector have contributed significantly, in the number of units given on lease in the city. Companies like Amazon, TP Vision, Synergy et al have absorbed huge space in the city. Statistics confirm that more than 8.5 lakh IT professionals are currently employed in the city. This gives rise to the demand for residential units and acts as a boon for the developers.

In addition to it, the city has a high absorption rate in regard to commercial space and has one of the highest per capita incomes. This, has opened door for a number of key realty developers to build housing units in the city and in suburbs.

Somesh Venkatesh, Bangalore

25th September 2013

While the realty sector across the country is witnessing a tortoise pace, the Bangalore real estate market is soaring high, in regard to demand and supply. This is mainly because of the upward trend in the demand for professionals in the IT/ITes sector for the last few years.

The IT sector is one of the key drivers of the real estate market of some of the prime cities like Bangalore, however, given the stumbling economy and hiring in the country hitting the skids, property investments are likely to prove to be a risky endeavor.

Nagesh, Bangalore

25th September 2013

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My budget is Rs50 lakhs and want to invest in Bangalore. Which are the areas I can invest in?

Sree Potamal, Bangalore

24th September 2013

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For investors who are limited with a budget of Rs 50 lakh, Hoskote and Old Madras Road are the perfect locations to bid for, while apartments, for the middle-class within Rs 25 lakh can be availed near Doddaballapur road, Mysore road and OMR.

Indrajit Kaul, Bangalore

24th September 2013

The locality Sarjapur, has become a common term for people looking to invest in gated community projects. The locality boasts of connectivity and higher appreciation in the forthcoming days. The joint venture with the Japanese Government to structure an industrial corridor between Chennai and OMR Bangalore further acts as a crucial factor that is expected to change the landscape of the Garden city entirely.

Rajkumar, Bangalore

24th September 2013

What are the recent infrastructure projects in Bangalore that have seen the light of day?

Sree Potamal, Bangalore

24th September 2013

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Bangalore-Mysore Infrastructure Corridor, Elevated Expressway and Bangalore International Exhibition Center (BIEC) are some of the recent infrastructure projects in the area that have seen the light of day. In addition to it, few other proposed and ongoing infrastructure projects including Peripheral Ring Road and Metro Rail Phase 1 and 2, will add to the overall physical credentials of the region.

Manu Kumar, Bangalore

24th September 2013

With the Mumbai-Bangalore Industrial Corridor coming into play (the much needed economic driver), the demand for asset classes namely commercial, residential, hotel, office and industrial-infrastructure will shoot up.

Bala Subramanium, Bangalore

24th September 2013

Is investing in properties in Bangalore still lucrative?

Lekshmi,

24th September 2013

Comment

The answer can be found in market statistics and reports, which confirms that in the last decade properties in the city have been marked up by 100-200%.

Seshagiri Mehra, Bangalore

24th September 2013

Property analysts further corroborate that in the coming two-years, 20-25% return on investment in Bangalore’s real estate is a sure bang for the back. Investing money close to IT locations(such as Electronic city, Whitefield, Bangalore East and Hennur Road) have always turned out to be a fruitful venture. Furthermore, statistics confirm that properties adjacent to IT corridors have appreciated by 500% in the last decade.

Rameswari, Bangalore

24th September 2013

Improved Connectivity and less time taken on travelling are the two main factors that stick out as the key reason for growth of any area in a city and Bangalore has come up in this category with flying colors. With the completion of the Phase 2 of Metro Rail project, all the localities falling in the BMIC corridor will witness unprecedented growth in the days to come.

Bijoy Singh, Bangalore

24th September 2013

What is the reason that North Bangalore is witnessing a growth in the real estate sector?

Lekshmi,

24th July 2013

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One of the prime reasons for the boom in real estate in North Bangalore is BAIL. The residential built-up in the area is mainly triggered by the easy connectivity to BAIL. The price for a residential property in the area is quoted at Rs 3000- Rs 5000 per st ft.

Somesh Venkatesh, Bangalore

24th July 2013

Growth in infrastructure projects in the IT hub of the nation, like the new airport in North Bangalore, proposed metro route and ring road has fired up property development in the city. Surge in infrastructure projects in the city has increased the potential of land and has significantly aided the transportability constraints for economic inputs.

Somesh Venkatesh, Bangalore

24th July 2013

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Compared with the industrial sector, the office and residential sectors respond to the infrastructure investments in the city in a much better way. In accordance with the ongoing residential projects in Bangalore, the city reflects fast growing pace in terms of growth, quality and success in various spheres namely corporate, commercial, transportation and institutional.

Bijoy Singh, Bangalore

24th July 2013

According to market statistics, more and more developers and builders are making a beeline for properties near North Bangalore. BDA peripheral Ring Road, monorail, High Speed Rail Link and the elevated expressway running between Yelahanka and Hebbal have ranked North Bangalore top among the other regions of the city.

Rameswari, Bangalore

24th July 2013

New residential launches in Bangalore has witnessed 50 percent drop.

Dhiraj,

10th January 2013

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