Bangalore real estate market

Q: How is the real estate market in Bangalore? Will the property price increase?

Navneet Gupta, Bangalore

18th March 2013

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Replies (5)

In 2013, the residential launches will be stable. There will be an upward trend in the capital values of affordable and mid-segment housing. The demand for residential units will focus on localities like east, north and south east Bangalore. The rental values will remain stable. The residential real estate market has gone up precisely, mainly in Bangalore, over the past two years.Over 2.3 lakh residential units are estimated for completion in three major cities – Mumbai, Delhi-NCR and Bangalore. Looking at the current absorption rate, the property prices are expected to increase by 10 to 15 percent. The demand may increase in the mid-price range across all cities.

Chetan Hansraj, Bangalore

20th March 2013

Comment

In 2013, Bangalore is expected to see the highest demand for office space, projected to be more than 10 million sq ft. A supply of around 13 million sq ft is estimated to come during this year. A huge mass of supply coming in is already per-committed. The locations near outer ring road are expected to be the preferred locations, followed by Whitefield.The real estate developers are going to focus on the execution of the ongoing projects, in the coming financial year which can be achieved by adopting to cutting edge construction techniques and improved construction productivity. The affordable housing and mid-segment are likely to see good sales volume and considerable supply.

Ravindra Singh,

20th March 2013

Comment

The commercial development schedule for this year pointed 53 million sq ft of new supply coming on stream across seven of the largest cities in the country. It as has also been estimated that there will be hike in demand of the properties in India. The increased new supply that has been scheduled will also go hand in hand with the said demand. Due to inflation and high cost of construction, the prime rents across most markets are likely to appreciate

Rakesh, Bangalore

20th March 2013

Comment

Residential real estate will witness revival in execution, office space will see an increase in demand from occupiers and investors. Due to the numerous ups and downs in the real estate market, the over all commercial office real estate demand growth is expected to be stable in 2013.

Rajkumar, Bangalore

19th March 2013

Comment

In the coming financial year (FY), retail sector is going to see a revived activity. Provided the actual economic developments and also the latest Union budget proposals, an economic revival is usually estimated from the second half of 2013, which in turn will increase the growth of real estate sector as well.

Jignesh Kumar, Bangalore

19th March 2013

Comment

Hi All!! I want to know how many projects were launched in Bangalore in 2014?

Lakshya, Bangalore

5th January 2015

In Bangalore, over 500 projects were launched in 2014, out of which 35 per cent were concentrated in East Bangalore, followed by South and North Bangalore with 33 per cent and 25 per cent respectively.

Chittranjan Pillai, Bangalore

5th January 2015