Areas like Mysore Road in West and Jalahalli in North witnessed majority of launches in this segment. There were early 1,800 units being launched in the high-end segment, a 19 per cent increase q-o-q. The high-end capital values are expected to remain the same while mid-end capital values in Eastern, South-eastern and South-western submarkets may or may not witness a slight upward bias due to continued demand for mid-end residential properties.
Majority of the launches were seen in areas like Sarjapur Road and Bannerghatta Road in the South, Whitefield in East and Yelahanka and Jakkur in the North of Bangalore.
Among the top eight cities, Bangalore is the only city to register more than 10,000 unit launches for the third consecutive quarter in the year. In 2013, the number of launches tripled in Bangalore. Nearly 35,000 units were launched till September 2013.
Hi Girish, inspite of the highest number of launches , the mid segment saw 5-12 percent of appreciation in the capital values across select sub markets. I think this is because of the growing demand for residential units in close proximity to IT hubs and lack of new launches in some of the central areas of the city.