End-users are top-notch businessmen, industrialists and corporate company owners who drive the residential capital market in this locality, whereas investors are mainly NRIs
According to a real estate expert, the area has witnessed 10-15 percent rise each quarter but in the last quarter there was a hike by 15-20 percent in rental as well as capital values in October- December 2012 quarter.
Cunningham road is a locality that lies in the heart of the Bangalore city. The rise in property values depends on many factors – connectivity and commercial infrastructure play a major role in pushing the demand and values.
Rental value in Cunningham Road ranges from Rs 8,000 to Rs 1.5 lakh per month. There is a demand for multi-storey apartments in this locality as many companies have been demanding to house their employees.