What's hot in Bangalore real estate market: 1) Connectivity by metro boosted rental and capital rates in many localities in the city. b) Availability of affordable housing lured mid and low income segment buyers and c) growth of investment and industrial zone in North and West Bangalore.
What's not in Bangalore real estate market: 1) poor connectivity to out skirts of Bangalore kept buyers wary of investing in outskirts, b) delay in implementing new infrastructural projects
Hey Everybody, I want to know which are the good localities in Bangalore to buy an apartment and where I can expect good appreciation if I am planning to sell it off in future sometime.
Among the top searched apartment localities, Bannerghatta Road experienced the highest avg. price per square feet growth at 18.7% followed by Marathahalli at 11.5%, Bellandur at 9.9%, Hebbal at 6.8%, Kanakapura Road at 3.1% and Whitefield at 1.5%, year-on-year basis.
Bannerghatta Road experienced the highest avg. price per sq. ft. growth for Villas and Row Houses at 17.2% followed by Sarjapur at 5.5%, Budigere at 2.6% while Sarjapur Road registered 0.7% increase, year-on-year basis.
HSR Layout was the only locality to experience growth in avg. price per sq. ft. at 1% for Independent Houses. Remaining localities registered a decline in avg. price per sq. ft., year-on-year basis.
According to a report, Bengaluru has emerged as India's top real estate investment destinations, beating Mumbai and New Delhi helped by strong demand for office spaces.
Bangalore ranks 20th in JLL's Asia Pacific City Investment Intensity Index, compared to 34th and 42nd for New Delhi and Mumbai respectively.
Demand for quality office spaces has been extremely high in Bengaluru, which is attracting global players in the city. Bangalore being the smaller city than Mumbai and New Delhi but yet managed to attract investors in comparison of its size.
Pre launches projects continue to dominate Bangalore residential real estate market. Micro Markets such as Electronic City, Whitefield, ITPL and Yeshwantpur has seen over 80% of the per-launches during the month.
Interestingly, 2BHK is the most searched BHK-type for rental homes. While Mahadevapura apartments experienced increase in avg. rent per sq. ft. by 10.5% year-on-year, HSR Layout rents rose by 10.2% while JP Nagar by 6.1%. Bellandur experienced an increase of 6%, Koramangala by 5.6% while Marathahalli and Sarjapur Road recorded increase of 4.5% each.
High-end residential apartments in the city has seen an increased demand mainly in the Central Business District (CBD), Secondary Business District (SBD), Whitefield, North Bangalore and Outer Ring Road sub-markets.
The mid income housing has also witnessed a steady demand mainly in areas like Whitefield, the ORR IT corridor, Electronic City and few areas in North Bangalore. The demand in this segment is mainly driven by social infrastructure, proximity to workplaces, physical infrastructure, access to hospitals and educational facilities.
There is good demand for affordable housing in the out skirts of Bangalore city. Builders are making affordable housing by compromising on civic amenities, reduce unit sizes and other USP's
The first and foremost is Mysore Road, has become a real estate hotspot in Bangalore. NICE corridor, proximity to outer Ring Road and Metro Phase I and II are giving a major boost to realty growth.
In the Northern periphery of the city, Yelahanka and Dodaballapur Road have been gaining a lot of momentum. One of the major factors that have pushed the real estate market here is the extensive 6-lane highway that connects Bangalore city to the airport. The completion of the metro rail will also boost the connectivity.
In the Eastern region, Old Madras Road (OMR) has become an attractive destination for real estate growth. Residential catchments in the vicinity are localities off OMR- Budigere and Kadugudi. The stretch between OMR and Kadugudi is developing with many villa and apartment projects.
Hi All, Recently I came across a well written report on Bangalore real estate market, you can read the report by clicking on this link Bangalore Real Estate Update for Q1,2015
Bangalore real estate market is really doing great. With 40 per cent new units supply, North Bangalore out shined East Bangalore that had maintained the top position for the last few quarters
In Q1,2015, Electronic City Phase I and Sarjapur Road were the showstoppers in all the aspects, which includes maximum new units supply, rental availability, demand and rental yield.
Fastest Moving Rental Markets: As per CommonFloors proprietary data model, properties up for rent in KR Puram, Sarjapur ORR, Marathahalli, Bellandur, BTM Layout and Jayanagar on an average take just 13-18 days to go out.