Realty growth in the north is spreading

Q: Heard that many new micro markets have been open up in north. I think realty growth is spreading in the north. Kindly discuss on this news.

Manisha Soori, Gurgaon

2nd February 2014

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Replies (6)

The DDA has cleared many projects in Delhi NCR, Noida and other surrounding regions. there have been a lot of real estate projects coming up here. most of this projects are by the leading developers of India. North India is considered the best place to invest this days in India.

Dinesh, Nagpur

3rd February 2014

Comment

Heard that the markets saw a six percent quarter-on-quarter increase in the prime Central Business District rent. The highest takeup was recorded by Bangalore at 2.60 million sqft.

Vasanth,

2nd February 2014

Comment

And also the Office space growth can be a direct indicator to the development of the residential sector.The vacancy in the fourth quarter of last year stood at 20.10 percent (85.50 million sqft) with a marginal 0.70 percent quarter-on-quarter decrease.

Puneet Laskar,

2nd February 2014

Comment

I think along with residential growth comes social infrastructure is also in growth in this region. Bangalore's retail market is about to witness an influx of close to 2.90 million sq ft of mall space supply during 2014.

Sujan Mitra,

2nd February 2014

Comment

Yes Sujan, and this social infrastructure is spread around places like Thanisandara Road, Tumkur Road and Yelahanka in the north, Bannerghatta Road and JP Nagar in the south and Whitefield in the east. I have been living in bangalore from past two years. Real estate had a sudden growth here..I love this city.

Veena K,

2nd February 2014

Hey also the residential catchments along Doddaballapur Road, Outer Ring Road (ORR) connecting to the Bellary Road and in Devanahalli are now for mixed residential land use...

Rubiya,

2nd February 2014

Comment

Hello Manisha, The north city with international airport, good connectivity and land earmarked for the development of IT, Special Economic Zones is opening up new catchment areas for residential development.

Vivek Kulkarni,

2nd February 2014

Comment