Capital and rental market in Bangalore

Q: How is the capital and rental market in Bangalore is expected this year? Any comments on this

Tamana Chopra, Bangalore

28th January 2014

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Replies (7)

Top four rental markets in Bangalore are Electronic City, Sarjapur Road, Bellandur and Mahadevapur. IWhile Electronic City and Sarjapur Road boasts of IT establishments; Bellandur and Mahadevpura are flourishing because of proximity to the IT hubs of Electronic City and Whitefield.

Sreya Khan, Bangalore

20th April 2015

Comment

Can anyone help me with the with the names of the localities that top the list of rental market?

Vasanth,

20th April 2015

Comment

Localities like Whitefield, Electronic City and Sarjapur-Marthahalli Road is mainly influenced by the IT/ITeS professionals who prefer to live close to their work places.

Moreover, there are a plethora of options available in these localities at different price brackets depending upon the amenities and location.

Harmeet Kaur,

20th April 2015

The Y-o-Y average capital value appreciation across the cities in India, were recorded in the range of 10%-20%. Central Bengaluru, which includes Off Palace road, Lavelle road, Off Cunningham Road, Richmond Road and Ulsoor road recorded highest appreciation of 50% in 2013. The mid-end category witnessed 36% appreciation in off-central districts of Bangalore like Indira Nagar and Vasanth Nagar etc. However, as per experts, the H1 2014 is likely to witness a stability in price, and further appreciation will be registered in the H2 2014.

Afzal, Bangalore

28th January 2014

Comment

The substantial social and infrastructure development that has been recorded in Bangalore in the last 5 years, have increased the value of apartments and land in the city. This, as a result has attracted developers in large numbers to plan housing projects. According to key property consultants, annual capital appreciation for apartments is likely to increase by 14% and rentals by 6% in the next 5 years.

Navin Verma, Bangalore

28th January 2014

What drove the real estate market of the city?

Tamana Chopra, Bangalore

28th January 2014

Comment

The main reason that drove the real estate market of the city is the rising number of nuclear families and a huge migration of people looking for a job.

The residential market in the city is growing at an expedited pace. Ulsoor recorded a 23% rise in rental values in the last quarter, while south Bangalore registered 9% and Sarjapur with 13% in 2013.

Navin Verma, Bangalore

28th January 2014

Residential capital valued increased marginally across the sub-markets on account of increase in sales volume and hike in price of project units.Due to the shortage of built apartments, rentals increased marginally in Q4 2013. The residential sector of the city exhibits a stable and steady capital growth in the first half of 2014, while rents may marginally rise in H2 2014.

Sreya Khan, Bangalore

28th January 2014

Which are the localities in Bangalore that has seen appreciation in 2013?

Tamana Chopra, Bangalore

28th January 2014

Comment

Localities such as Whitefield, Hebbal, Magadi road and Tumkur road witnessed a 15% price appreciation in 2013 and the trend is likely to remain stable in 2014.

Afzal, Bangalore

28th January 2014

The capital values for apartments in prime areas such as Whitefield, Hebbal and Tumkur road ran in between Rs 3500-Rs 6000 per sq ft (on an average), while the rental values fell in the price bracket Rs 10-Rs 18 per sq ft.

Afzal, Bangalore

28th January 2014

The year 2012 bore witness to the launch of nearly 35000 residential units, while 8100 units were launched in the first quarter of the consecutive year, out of which most of them are scheduled to see the light of the day in 2015

Sreya Khan, Bangalore

28th January 2014

Comment

A burgeoning population, and an influx of working professionals from various cities and towns all seem to have something to have good impact on Bangalore. The scene has directed the capital and rental market in Bangalore towards higher growth in 2014, as per experts.

Afzal, Bangalore

28th January 2014

Comment