Demand for luxury homes in Bangalore

Q: The demand for luxury housing is increasing,. What is the reason behind this?

Harsha Mahipal , Bangalore

28th February 2013

Real estate News in Bangalore

luxury homes

bangalore realty

luxury projects in bangalore

Follow Discussion

Also see discussions for

Bangalore Real estate News Real estate News in Bangalore

Replies (9)

According to Cushman and Wakefield, luxury homea in Bangalore are categorized into row houses, independent villas and apartments, available in three and four-bedroom configurations. Row houses are available at an approximate basic selling price range of Rs 5,000-7,000 per sqft, Independent villas are available at an approximate basic selling price range of Rs 6,500-9,000 per sqft and Apartments are available at an approximate basic selling price range of Rs 5,5007,500 per sqft,

Manu Kumar, Bangalore

7th July 2015

Comment

Yeshwantpur, a key junction in the city, and Rajajinagar, are witnessing launches of primarily high-end and luxury projects. Favoured destinations for independent houses in Bangalore are Koramangala 3rd Block, Indiranagar, Epsilon Layout near Old Airport Road and Cunningham Road.

Sreya Khan, Bangalore

7th July 2015

Is the demand for luxury housing still on? Are there people who seriously invest in such kind of properties?

Harshit, Bangalore

29th May 2015

Comment

Bangalore has witnessed a launch of 35 new luxury residential projects as compared to 18 projects in 2013. So demand is increasing and yes of course richie rich people are there who either invests on such kind of buy for their own use.

Sreya Khan, Bangalore

29th May 2015

Which areas or localities in Bangalore has seen the highest concentration of luxury units?

Harshit, Bangalore

2nd June 2015

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.

Sreya Khan, Bangalore

2nd June 2015

The rise in luxury residential housing demand has given a new face to the Bangalore metropolitan city. According to Indian Housing report, the raise in demand is because of increase of living standard, purchasing power and changing lifestyle, especially in metro cities.

Srinivas Rao , Bangalore

22nd January 2015

Comment

Any idea how many luxury projects were launched last year in Bangalore? Which are the localities were developers are focusing for luxury projects?

Harsha Mahipal , Bangalore

22nd January 2015

In 2014 Bangalore city witnessed a launch of about 35 luxury residential projects of 6000 units, in 2013 the market saw a launch of 18 projects of 4200 units and during 2012.

Most of the prominent developers are coming up in localities such as Richmond Road, Vittala mallya Road, Sadashivnagar and other localities to turn as hot spots.

Sreya Khan, Bangalore

22nd January 2015

According to sources, during 2-3 years, it has seen an upward trend in demand in Luxury housing. Bangalore real estate market tops the list in the luxury property segment.

Sreya Khan, Bangalore

22nd January 2015

Comment

The recent downfall of rupee value attract the NRI's to invest in Indian property and it also encourages real estate developers to launch projects in luxury and super luxury segment with exceptional facilities which are suitable for common mans budget.

Murali Krishnan, Bangalore

22nd January 2015

The rate per sqft going on for luxury apartments in localities like MG Road, katurba Road and Cunningham Road ranges from Rs 23,000 to Rs 26,000 and the apartments in and around Rajajinagar, Yeshwantapur and Malleshwaram ranges Rs 6500 to Rs 18000 per sq ft.

Dhiraj,

22nd January 2015

The rising number of high networth individuals (HNIs) and NRIs, influx of global lifestyle trends and rapid pace of urbanisation are some of the main reasons behind the increasing demand for luxury housing. The value of luxury homes will increase in the future because of the presence of around 1.53 lakh HNIs, those who are new in rich segment and people who obtained wealth and have aggressive lifestyles. Some of the renowned developers in the real estate who are into luxury residential segment are Sobha, DLF, Lodha, Sunteck, Hiranandani, Kohinoor Developers.

Nagesh, Bangalore

2nd March 2013

Comment

According to realty experts, the soaring cost of building material will increase the overall cost of production will have a direct impact on the property prices as well. With the increased input cost, the profit margin for affordable housing has declined by 15 percent whereas in the luxury segment, the profit margin increases by 35 – 50 percent. Most of the developers are opting to develop projects under premium category focusing on the profit margins.

Srinivas Rao , Bangalore

2nd March 2013

Comment

The demand for ultra-luxury and luxury homes is rising in the metro cities. A few luxury residential projects were launched despite the dullness in the real estate sector. According to some developers, home buyers are searching for houses between the price bracket of 25 lakh and 40 lakh.

Madhav Deb, Bangalore

1st March 2013

Comment

Real estate biggies like Oxame, Tata Housing, Supertech, DLF and Unitech had initially planned to come up with affordable housing to lure home buyers, but are now planning to make some changes in their plans due to low profit margins.

Gajendra V, Bangalore

1st March 2013

Comment

Real estate developers are more interested to launch luxury residential projects than building affordable housing due to the increased cost of construction.

Dharmesh Shukla, Bangalore

1st March 2013

Comment