Real estate market booming in west Bangalore

Q: What is the reason that the real estate market is booming in west Bangalore?

Harsha Mahipal , Bangalore

11th March 2013

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Replies (8)

The region accounts for 10% of the total absorption of residential spaces in the IT hub of the nation. At present, the availability in this catchment stands at 8390 units, while the annual absorption runs between 1800-2500 units.

Armaan Saxena, Bangalore

19th January 2014

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Any idea which are the localities that have witnessed good demands in high end options and what is the price range?

Kailesh, Bangalore

19th January 2014

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In the last three quarters of 2013, west Bangalore has encountered 14 new launches in the luxury and mid-segment housing category in peripheral and off-central locations. Localities in north-west Bangalore like Malleswaram, Yeshwantpur, Rajajinagar and West of Chord road have borne witness to the increase in high-end options. The price-range for such categories in west Bangalore runs between Rs 7500-RS 12500/ sq ft.

Armaan Saxena, Bangalore

19th January 2014

As per market reports, capital appreciation for high-end units in the west of Bangalore stands between 25-30% and the rental returns around 30%. According to key developers, all the different housing categories in the west are growing at an exponential rate.

Jignesh Kumar, Bangalore

19th January 2014

What is the property value going on in suburban and off-central locations such as Rajajinagar and Malleshwaram?

Kailesh, Bangalore

19th January 2014

Comment

Property valuing more than Rs 1 crore are constructed in suburban and off-central locations such as Rajajinagar and Malleshwaram. Such projects of huge ticket-size cater to HNIs and the business community.

Armaan Saxena, Bangalore

19th January 2014

Saturation of locations such as Koramangala and Indiranagar, improved connectivity ( thanks to Metro rail) and closeness to upscale areas like Malleswaram and Sadashivnagar have led to the emergence of high-end homes in the western counterparts of Bangalore

Niketan Verma, Bangalore

19th January 2014

Rajarajeshwari Nagar in west Bangalore was an area that fell outside the radar of the developers. Riding on the back of civic infrastructure, which improved connectivity via Sirsi Circle flyover and Mysore road, Tumkur ROad, the ORR, BMIC expressway, the NICE Ring Road and the planned Peripheral Ring Road, such ‘little-known areas’ have transformed into well-established localities

Niketan Verma, Bangalore

19th January 2014

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From an untamed forest of the mid 50’s to the burgeoning residential localities of 2014, Bangalore West has come a long way. The presence of Peenya Industrial Area and comparatively low capital value for properties has transformed the residential neighborhoods of the region into a ‘profit-yielding’ residential destination

Armaan Saxena, Bangalore

19th January 2014

Comment

I agree with Mr Armaan, Good connectivity and up to snuff infrastructure has given a complete makeover to the region, making it one of the prime residential markets of Bangalore.

Jignesh Kumar, Bangalore

19th January 2014

The major locations in west Bangalore are Malleswaram, Vijaynagar, Tumkur road, Mysore road, Rajajinagar, Magadi Road, Dr. Rajkumar Road, Yeshwantpur and Uttarahalli. The region is expected to witness a huge uplift due to the two metro links. While Phase I metro will be touching Vijayanagar, in Phase II, the metro will connect Kengeri, thus connecting the region to the northern and eastern parts of the city.

Niketan Verma, Bangalore

22nd April 2013

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How is the residential real estate market in West Bangalore?

Kailesh, Bangalore

19th January 2014

The factors that improved the growth of real estate sector in this area was the broadening of the State highway to Mysore, followed by the NICE corridor, which made the region easily accessible and drastically cut down the traveling time.

Madhav Deb, Bangalore

22nd April 2013

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The western parts of Bangalore were noted for thickly populated residential layouts and industrial zones beyond. There was no development happening on the road to Mysore leading out of the city but today the belt is covered with innumerable realty developments with a spot of vacant land in sight.

Jignesh Kumar, Bangalore

22nd April 2013

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