Demand for high end villas in bangalore

Q: How is the demand for high end villas in bangalore? Is there a drop in the demand?

Seshagiri Mehra, Bangalore

7th March 2013

Real estate News in Bangalore

bangalore real estate

high-end villas in bangalore

villas in whitefield

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As the top-end villa market is under pressure, the city’s apartment market has seen stable rental growth of 5 percent to 15 percent across the board. The rental appreciation in Whitefield, Outer Ring Road, and Sarjapur Road in the mid and low-end categories was the highest at 10 percent to 15 percent, IT/ ITeS sectors has triggered the growth in these area.

Abhilasha, Bangalore

13th March 2013

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A city based advisory firm told that the corporates are moving to bigger rented apartments rather than high end villas, due to which the rental values declined by 30 percent. At present, Bangalore has approximately 1.5 lakh ready-to occupy housing units from reputed real estate developers with the split between apartments to villas being 80:20. Since Bangalore is an end user market, the supply of rented units would be around 20 percent

Eklavya Jain, Bangalore

13th March 2013

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Last year, the highest residential rental reported was Rs 4.25 lakh a month for a large house with a private pool in the gated community of Epsilon, known as the city’s Beverly Hills.Two to three years ago Epsilon saw some of its properties fetch rentals in excess of Rs 7 lakh a month. A property by Cisco’s globalization fetching Rs 17 lakh monthly rental.

Abhishek,

12th March 2013

Comment

The rents for premium villas in Whitefield, where the rentals has reached between Rs 2.5 lakh and Rs 4 lakh a month, have currently plunged to much lower rates. As estimated by a property consultant, in first three months of 2013, only 50 expats relocated to Bangalore as against a 100 reported in the same period a year ago.

Sagar Prasad, Bangalore

8th March 2013

Comment

Over the past one year, rentals of high end villas have dropped drastically as leasing deals from the expat community have almost halved and supply of units has increased. According to a real estate expert, in last one year, the rentals for high end villas fell by 25 to 30 percent.

Madhav Deb, Bangalore

8th March 2013

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