According to Cushman and Wakefield report 2013, the amount of PE investment in Pune stood at 780 crore in the 3Q 2013 from Rs 234 crore, in the same period a year ago. This is quite less in comparison to Bangalore. Furthermore, the NCR realty market witnessed a 20% rise in PE investments and received Rs 612 crore in the same quarter, however, it stood less in comparison to the garden city.
Mumbai, the financial capital of the nation, traditionally called for maximum investments, however the 3Q2013 bore witness to a 43% decline in PE investments in the city. The financial capital received at the end of third quarter 2013 declined and stood at Rs 720 crore from Rs 1262 crore in the same period a year ago. However, experts are of the notion that investment activity in the city is again going to gain momentum with few large deals that are in the pipeline.
Property consultants quote that the increase was mainly attributed to rise in investments in leased income generating office properties by the institutional investors. Along with the offshore funds, the domestic capital assigned for revenue generating office properties was also elevated and deployed.
Going by the market reports, Bangalore is all set to witness a further hike in PE investments and ample availability of properties in all segments at reasonable rates.
The real estate market of Bangalore hits it big, as it receives maximum private equity investments of nearly Rs 2000 crore during Jan-Sep 2013, in amalgamation with increased demand for leased office assets from institutional investors. In comparison with other cities, the percentage of private equity investment in Bangalore rose by 79%
According to Cushman and Wakefield, the inflow of PE investments in the IT hub of the nation stood at Rs 1979 crore at the end of 3Q 2013, a steep rise from Rs 1106 crore in the same period a year ago. This rise in investment is due to funds mainly focused on leased office assets.
Bellandur is a blend of ready-to-move-in properties at an affordable price. Due to its close proximity to numerous IT parks, the area has been on the radar of IT professionals, looking for affordable residential units. Huge demand for affordable units and with numerous projects on the verge of completion in the locality have led to an 8% rise in the capital values of Bellandur. Furthermore, according to property developers, 8 out of 10 units sold in the locality are multi-storey apartments that are priced between Rs 40- Rs 60 lakh.
The demand for affordable residential units in this part of the city is mainly driven by the burgeoning IT population. A number of residential projects (mainly multi-storey apartments) in Hebbal are in line that are on the verge of completion. Going by the market data, more than 70% of the residential properties in the locality are multi-storey units. An average 2BHK, measuring 1000-1200 sq ft would cost around Rs 40-50 lakh in the vicinity.
R T Nagar, the potential spin-off of North Bangalore, has topped the list among the preferred destinations for affordable projects. According to property consultants, properties in demand within the locality fall within the price bracket Rs 40-60 lakh. Multi-storey apartments are the most commonly supplied residential units in R T Nagar.
The real estate market of Bangalore is all set to set new standards, as it offers a plethora of ready-to-move-in properties under affordable segment category. According to property consultants, it is the ideal time to venture into the realty market of Bangalore, since a number of projects in the city are on the verge of completion and the finished homes are supplied within the range Rs 45-Rs 50 lakh.
As per market news, demand for affordable houses in the city has been on a rise. In addition to it, properties on the verge of completion in Bangalore have witnessed the maximum demand. Certain localities such as Bellandur, R T Nagar and Hebbal in the city that offer ready-to-move-in residential properties, within the price bracket Rs 40- Rs 60 lakh, been on the buyer’s radar for sometime now.
Experts suggest that property shows that are organized abroad, have been a boon for the Bangalore’s real estate market. Numerous shows held abroad, displayed the real estate potential of Bangalore, allowing the prospective buyers to get the price, size, location and investment bracket. Going by the market reports, most of the property transactions take place in South and East Bangalore, within the price bracket Rs 75 lakh-RS 5 crore.
NRI’s are of the notion that the real estate market of Bangalore is stable, balanced and hence above par in comparison to other metros. Due to its cosmopolitan outlook and stability in price structure, the city has ranked itself on the top among the preferred destinations for property investment by NRIs. According to key developers in India, 35% rise in enquiries are from NRI-based buyers.
According to market experts, NRIs are expected to play a significant role in the overall Bangalore real estate market during the holiday seasons, contributing 5-6% of the total sales generating nearly Rs 3000 crore.
Yes even I have read some where about it. A large number of NRIs in the US have a special preference towards Indian real estate because of a wide range of factors. Competitive local lending rates, capital appreciation and allaying investment norms by the government are some of the factors for the growing interest of the NRIs across US.
The city also caters to the luxury home requirements of property buyers. The city has borne witness to an increased demand curve for high-end residential units, especially in the CBD, North Bangalore, ORR, Sarjapur road and SBD. High-end residential property buyers in the city are very particular towards quality of the product, amenities and the unit size and are generally offers projects that fall under RS 90 lakh-Rs 5 crore price bracket.
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14th December 2013
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Bangalore, one of the hottest names for realty developers across the nation, has outranked some major cities in terms of growth and development in the asset market segment. The city has been in tune with the latest trends in the country in terms of real estate across various sub-sectors, and has set the example for a thriving realty hotspot. The commercial spaces, the upmarket retails hotspots and up-to-the minute residential units have all contributed towards the appreciation of the Silicon Valley of the nation.
Affordable/cheap pricing is one of the aspects in the city that has directed Bangalore to become one of the ideal urban regions for low-income households.Affordable/cheap pricing is one of the aspects in the city that has directed Bangalore to become one of the ideal urban regions for low-income households
Anyone Interested in Legacy Eldora can reach me on 9483427861 Shariff also We have few very good Projects Ultra Luxury and Premium projects in and Around Sanjay Nagar, Cunning Ham Road, Brigade Road, Hebbal, Jakkur, Yelahanka and off Bellary Road and and on Bellary Road. Call Back for best offers... Shariff 9483427861
14th December 2013
13
Upcoming housing projects in the city such as Nikoo Homes, Prestige Lakeside Habitat and Hiranandani QueensGate are the initiatives that has led the realty sector of the city towards the combined goal of innovation and growth. Easy availability of state-of-the art amenities, luxury properties and well-designed residential hubs together with first-rate infrastructure have all pushed the Bangalore realty market a notch higher to a world-class stature.
Foreign giants (such as the Singapore government's wealth fund), have shown keen interest in the commercial and luxury residential sector of the Garden City. In addition to it, leading real estate players of the nation have always adorned Bangalore as the ideal realty destination for lucrative ventures. Construction of the elevated expressway, improvement in the connectivity via metro and rail in the city and widening of the service lanes have all been the supportive gestures from the Karnataka government that has led the city towards riches.
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