Bangalore real estate market

Q: I read some where that Bangalore realty market is more positive than before. Is that true?

Promit C, Bangalore

27th May 2013

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Replies (24)

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

Lakshya, Bangalore

5th January 2015

Comment

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

VAT on aviation turbine fuel is expected to reduce. Will it impact Bangalore any how?

Promit C, Bangalore

9th January 2014

Comment

Bangalore’s development plans and expansion strategies have brightened the prospect of development and growth of the overall economic outlook of the state. The proposal to reduce VAT on aviation turbine fuel will strengthen the prospects of growth for the aviation industry in the city. This, in turn would eventually raise the demand for infrastructure assets in the city.

Amarnath, Bangalore

9th January 2014

Plans for expanding assets in Bangalore and upgrading the social and industrial infrastructure will further compliment other sectors of the economy along with real estate.This would encourage home aspires and stakeholders in the realty segment domain and brighten prospects for real estate sector in the city significantly.

Rajkumar, Bangalore

9th January 2014

As per market news, the city is envisioned to propose a new area for realty growth. GVK Group, the authority at helm of the Bangalore International Airport Ltd (BIAL), is all set to develop new pockets near the airport region and give the real estate sector of the city a kick-start.

Rajkumar, Bangalore

9th January 2014

Comment

I agree with whatever Mr Rajkumar is telling. The development planned near the airport area for a full-fledged airport city is likely to give the much needed boost to the realty sector. The development will include commercial zones, schools, higher education institutes and residential localities.

Chittranjan Pillai, Bangalore

9th January 2014

Hey Chittranjan, Once the expansion orders for the region near airport is attained, the passenger handling capacity of the terminal will rise a few notches up. Increase in the number of passengers and facilitative services will further jack up and draw attention to the realty sector of the city.

Rajkumar, Bangalore

9th January 2014

Bangalore has emerged as one of the most rewarding townships, citing growth and expansion of the realty segment in 2013. Much to the anticipation of the property consultants, the real estate sector of the city has a number of goodies in its bag for the year 2014.

Rajkumar, Bangalore

9th January 2014

Comment

Rajkumar is right actually. In comparison to other metropolitan regions, Bangalore evolved as a mature real estate market in 2013, with end-users playing a key role. Market experts speculate that real estate investors in Bangalore in 2013 are likely to gain fruitful returns in 2014.

James, Bangalore

9th January 2014

What kind of homes are more in demand in Bangalore?

Promit C, Bangalore

27th December 2013

Comment

Buyers in the city, at present, are more focused towards eco-friendly homes.Since, supply is bit higher than the demand, prices did not fluctuate due to the availability of ample competitively priced assets.

Bala Subramanium, Bangalore

27th December 2013

According to market reports, key builders in the city have been active in the premium vertical segment, with spin-offs ranging from Rs 1.5-Rs2 crore. This segment has witnessed a decent absorption in recent times. Completion of the Namma metro and growth of Bangalore as an educational centre have further helped to reshape the residential sector of the city.

Rajkumar, Bangalore

27th December 2013

In the first half of 2013, the market has borne testimony to a mixed trend with a hike of 33% in the residential property sector while a 37% dip in commercial offices premises Y-o-Y.

Ankur Laal Podder, Bangalore

27th December 2013

Comment

Realistic pricing and user driven demand have helped the city to sail through. The residential market of the city has proved to be stoic towards detrimental economic conditions. Upcoming launches in the city by well-known developers will continue to appeal the buyers and investors, due to the availability of a balanced mix of mid-end and high-end developments.

Amarnath, Bangalore

27th December 2013

Even I have seen steady demand for mid income and affordable housing. What is the reason behind it?

Promit C, Bangalore

29th October 2013

Comment

Areas like Electronic city, Whitefield and few areas in North Bangalore have seen a huge demand for the mid segment. The main reason behind these are social infrastructure, proximity to workplaces, good physical infrastructure and access to medical and educational facilities.

Dilip Joshi, Bangalore

29th October 2013

How is the demand for luxury residential market in Bangalore?

Sree Potamal, Bangalore

29th October 2013

Comment

Bangalore is one of the most promising markets for luxury residential market. Luxury residential market are most active in the North Bangalore, Sarjapur Road , ORR and Whitefield micro-markets. Luxury residential property buyers in Bangalore are very sensitive in terms of unit sizes, product quality and amenities,

Rajkumar, Bangalore

29th October 2013

How the infrastructural projects going to affect real estate?

Janak Desai, Bangalore

26th October 2013

Comment

Few of the key infrastructure projects in the city that has been anticipated to make a major change, include Bangalore-Mysore Infrastructure Corridor (BMIC), Elevated Expressway and Bangalore International Exhibition Center. Metro Rail Phase 1 and 2 and Peripheral Ring road are some of the proposed infrastructure initiatives that will boost the industrial and real estate sector of the city extensively and change the physical characteristics of Bangalore. As a result, a number of large integrated projects are likely to develop in the city and unlock the real estate potential of Bangalore significantly.

Amarnath, Bangalore

26th October 2013

Together with infrastructure, the entertainment and service sector in the city is growing by leaps and bounds. This has led to a greater thrust towards establishing world-class properties in the city. According to experts, infrastructure plays a vital role in the growth of real estate in a city. It opens up the opportunities for entrepreneurs and provides the dais for rapid development. Sanctioning of special funds for developing the infrastructure in the city will act as an economic driver in Bangalore and push it towards prosperity.

Chittranjan Pillai, Bangalore

26th October 2013

Anyone any idea how is the real estate market in Bangalore doing? Is it fair to invest in Koramangala now?

Balaji, Bangalore

15th October 2013

Comment

According to sources, the demand is slow in the high-end sector, the middle and affordable categories continue to see strong demand in the city. Bangalore is known as the Silicon Valley in India and Koramangala is close to E City so you can understand that investing in Koramangala can be a fair decision.

James, Bangalore

15th October 2013

How is the property price in Jayanagar and Banashankari?

Hemraj Jha, Bangalore

3rd September 2013

Comment

According to sources, property priced Rs 3,800 per sqft is now Rs 7,000 per sqft for residential and Rs 11,000 for commercial. In case of BSK 6th stage, a 30x40 site measuring 1200 sqft which cost Rs 14 lakh now costs Rs 28 lakh and Rs 1200 per sqft has now escalated to Rs 2600 per sqft. Also investing will take a beating.

Bala Subramanium, Bangalore

3rd September 2013

What kind of homes are in demand in Bangalore city?

Promit C, Bangalore

3rd September 2013

Comment

In case of apartments, Kanakapura Road and Bannerghatta Road are in demand. While for gated communities and villas, it is north Bangalore which is making brisk business.

Ankur Laal Podder, Bangalore

3rd September 2013

Around 60% of the upcoming residential projects are from reputed builders like Mantri, Shobha and so on. But a good demand for apartments in Bangalore still ranges from Rs 40-75 lakh. Low cost flats costing Rs 20-25 lakh are also making fast sales in Electronic City, Whitefield and Sarjapura Road.

Dilip Joshi, Bangalore

3rd September 2013

What is the demand for real estate in the city?

Javed,

3rd September 2013

Comment

According to real estate expert, the costliest areas in Bangalore would be Whitefield, Sarjapura Road and surrounding areas near airport where the cost of property has escalated from 30-100%. There are no more cheap areas left in Bangalore, but tentatively cheaper would be outskirts of Devanahalli, Marathahalli, TG Halli, outskirts of Sarjapura road and surrounding areas where water and facility is not good.

Yogendra, Bangalore

3rd September 2013

I have seen that there is demand for flats in areas like Nagarbhavi, Chandra Layout and some parts of Vijayanagar. But mostly Bangaloreans and locals still prefer independent homes. A large demand for flats comes from non-locals, especially north Indians who are opting for ones in Yelahanka, Airport Road, Sarjapura Road, Hosur Road and Electronic City side.

Bala Subramanium, Bangalore

3rd September 2013

What I feel is that the Bangalore real estate market still remains affordable when compared to the rest of India. Adding to it there are a large number of developers who are offering good low cost homes.

Ankur Laal Podder, Bangalore

24th August 2013

Comment

Even the progress of the development of the outer ring road, Metro Rail Phase 1 and 2, the proposed signal free corridor between Silk Board and Hebbal and the new airport, six laning of Bellary Road, the Hosur Road expressway are making the future of the city more promising.

Ankur Laal Podder, Bangalore

24th August 2013

Who are the buyers? Is the Bangalore real estate market driven by end-users?

Karthik Deshmukh, Bangalore

24th August 2013

Bangalore has typically been an end user driven market with a moderate price appreciation. Stability in the market as well as minimal speculation has been driving the end users.

Dilip Joshi, Bangalore

24th August 2013

What are the factors driving demand in the city?

Promit C, Bangalore

24th August 2013

Comment

The easy connectivity to other metros and the upcoming infrastructure are two main factors. Bangalore is connected to Hyderabad through Bellary Road and the proposed Mumbai-Bangalore Industrial Corridor is expected to connect Bangalore City in the north-western side of the city along Tumkur Road. Hosur Road and Old Madras Road connects the city to Chennai which makes it viable as it has massive growth potential on all sides

Partho Sen, Bangalore

24th August 2013

Another factor contributing to growth of the real estate market of the city is the cost advantage over other cities and return on investments. Depending on the location of the property, the average increase in the capital investments in Bangalore is between 18-24 per cent.

Partho Sen, Bangalore

24th August 2013

The real estate market of other big cities such as Delhi NCR and Mumbai are moving at snail pace whereas the Bangalore’s real estate is going great in terms of demand and supply.

Seshagiri Mehra, Bangalore

24th August 2013

Comment

According sources, around 10,500 residential units were launched in Bangalore in the second quarter of 2013. Some of the projects include Prestige IVY Terraces by Prestige Group, Sobha Santorini by Sobha Developers and DNR Atmosphere by DNR Corp.

Ankur Laal Podder, Bangalore

24th August 2013

Will the Rehabilitation and Resettlement Bill and Land Acquisition Bill help to boon the Indian real estate sector?

Sukumar Gupta, Bangalore

22nd August 2013

Comment

Developers and realtors are keen on the up-comings of the second half of 2013 , when the Rehabilitation and Resettlement Bill and Land Acquisition Bill are likely to be passed. The passing of such bills will be a boon for the Indian realty sector and will help to root out all the unethical practices, promoting a healthy business to spring up

Hanif Laskar, Bangalore

22nd August 2013

In addition to its credentials,Bangalore boasts of the highest per household of High Net Worth Individuals in the country. With a reputation for quality construction and architecture, the city is on a high run. Bangalore, has almost 1100 super extravagance residential units, quoted at a price of Rs 5 crore, many of which are under-construction.

Venugopalan, Bangalore

22nd August 2013

Comment

Which is the preferred destinations for luxury enthusiasts?

Sukumar Gupta, Bangalore

22nd August 2013

Comment

Central Business District is one of the preferred destinations for luxury enthusiasts. With the consumption of almost all the remaining space, the areas such as Whitefield and North Bangalore are considered as stand-in destinations. According to property consultants, even the least developed luxury housing model in the city ranges between 3000-3500 sq ft.

Hanif Laskar, Bangalore

22nd August 2013

The Real Estate Regulatory Bill, if passed, will help the growth of India's realty sector.

Roshan Singh, Bangalore

29th May 2013

Comment

How is the sales growth of properties in the city?

Promit C, Bangalore

22nd August 2013

According to market statistics, the sales growth for properties in the city has escalated to 25% from 10.2 million to 12.8 million in the first quarter of FY 2013 to FY 2014. To add to it, the property sales figure took a dip to 12.2 percent in MMR, confirming the fact that the Bangalore real estate market is on a profit bandwagon.

Venugopalan, Bangalore

22nd August 2013

Market reports confirm that the 1QFY14 witnessed a year-on-year and quarter-and quarter beefing up, on a pan-India basis at 62 million sq ft. One of the key takeaways on the real estate upfront of the nation is that though prominent housing markets such as Pune and Mumbai have been experiencing a sluggish growth, Bangalore continues to witness a consistent hike in its quarterly sales volume.

Navin Verma, Bangalore

22nd August 2013

Bangalore is more an end-user market rather than speculative. This is also helping to keep prices stable and attract home buyers

Afzal Khan, Bangalore

29th May 2013

Comment

Another thing which is helping to bring buyers into the market are schemes such as where the builder bears the customer's EMI till the project is completed.

Venugopalan, Bangalore

27th May 2013

Comment

According to real estate expert, Bangalore is also attracting a lot of foreign buyers on on account of the weakening of the Indian rupee. Bangalore is the most preferred city for foreign buyers.

Aveek Paul,

27th May 2013

Comment

Bangalore's real estate market is looking more positive for buyers and investors than it has been in a while. The property price have been relatively stable in the past few years also makes it quite attractive.

Mritunjoy Deb,

27th May 2013

Comment

With the new stable government springing into action to stave off some serious problems in the city and falling of interest rates, the real estate market of Bangalore looks more promising than ever for the investors and homebuyers. Stabling of the property prices has what added to the factor of attractiveness for this city.

Pratap, Bangalore

22nd August 2013

The real estate market of the city has taken a major leap in the last few years, on account of the growth of IT companies and a good degree of pros penetrating in the town from across the nation. The residential home investment market of Bangalore is sketched on a positive canvas and the luxury segment, especially, is witnessing huge growth.

Niketan Verma, Bangalore

22nd August 2013