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Premium Housing Projects in Bangalore

Q: How is the demand for premium housing projects in Bangalore?

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Replies (4)
1
Bengaluru , the Garden City has witnessing the major premium housing from the past two years, coming to the outer ring road we can see many of them
dilsha


There is veruy good demand for premium project in Bangalore mainly in Kanakpura Road. You can look for projects like Mantri Courtyard
Concorde Napa Valley
Purva Bird of Paradise
Axis Tatvam
Dharmesh Shukla,  Bangalore
26th May 2015


2
Which all localities or areas has seen maximum demand for premium housing in Bangalore?
Tom D


Hebbal, RMV Extension, Hennur and Yelahanka are seeing many premium housing projects coming up. There has been a spurt of premium housing projects here, within the Rs.1.3 crore to Rs.4 crore range.

Devanahalli is also seeing many luxury projects in the Rs.2.5 crore to Rs.5 crore price range, but it remains to be seen if the government amps infrastructure in these areas.
Soundarya G S,  Bangalore
29th April 2015


On what all aspects the price of the premium projects are decided?
Chittranjan Pillai,  Bangalore
29th April 2015


There are many factors that play a role as far as pricing is concerned. The more the amenities and specialized services, the higher the price tends to be.

The price of these premium projects range from 2 crores to 12 crores per unit and from Rs.20, 000 to Rs.30, 000 per square foot.
Soundarya G S,  Bangalore
29th April 2015


3
Thats great.... But what is the reason behind the popularity of premium housing projects in Bengaluru?
Tom D


Jignesh Kumar
Social infrastructure is crucial for a premium housing market, with the buyers looking more for amenities, luxuries, branding, quality of material and construction quality, location, population density, social status and more.

Bengaluru's property market has seen more than 35 launches of high-end properties and villas in the last year.
Jignesh Kumar,  Bangalore
28th April 2015


4
Bengaluru has been witnessing a huge growth in the luxury housing segment ever since 2008, with prices going up by 30% to 40% every year.

A report brought out by both Ernst & Young and Kotak Wealth Management, it is found that the number of ultra-high net worth buyers in India will triple by 2019.

The increase in the number of HNWIs and the growth of industries in the city has increased the demand for premium villas and housing projects.
Jignesh Kumar


5

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