Overview of Bangalore Real Estate Market

1. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Overview of Bangalore Real Estate Market http://gruhakalyan.com

2. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Bangalore Real Estate Market • Bengaluru has one of the most prosperous real estate markets of the country. • The city’s residential population is mainly user driven from the IT and the ITeS sector. • The infrastructure development in the city with wide roads, Metro railway, flyovers, under passes and other communication facilities are in tandem with the commercial growth. http://gruhakalyan.com

3. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • Many immigrants come to the city for permanent settlement from all parts of India and abroad also. There are a considerable number of expatriates in the city who has settled here and are working here as well. • Bangalore has a promising market for the villa projects and the row houses and all sorts of luxury housing too. There has been a considerable demandfrom the NRIs also which is on the rise. • Bangalore ranks on the top in terms of being the preferred destination of the Non Resident Indians. The areas that have shown most of the prospects among all are the areas adjoining the Outer Ring Road owing to the clusters of IT and ITeS companies in the vicinity. • In the present light of the prospects of the Bangalore market let us discuss the metrics of the realty market of Bengaluru in the light of the income groups. http://gruhakalyan.com

4. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • Bangalore’s growth has been quite symmetric and decentralized. The northern part is close to the central parts of the city and quite prosperous with the advantage of proximity to the airport. • Apart from that areas of North Bangalore which are close to the Central and the Secondary Business Districts of the city have gained increased demand of the High end properties. • Most of these places are the areas dotted with IT parks and IT sector companies. The main drivers of the high end housing are of course the IT sector employees barring few of the top businessmen and industrialists who have their own villas and houses. • The already established posh areas of the city would be Jayanagar, Koramangala in the South, MalleshwaramandSadasivnagar in the North and few other places. http://gruhakalyan.com

5. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The next comes the mid income segment of housing which is again driven by the IT and the ITeS sector employees. • The main factors for these kinds of housing aresocialinfrastructure,nearness to the workplaces, access to the educational institutions, hospitals and markets and few such favourable factors. • Mid segment homes have been constructed in all parts of the city as there are IT parks and companies throughout the city. That’s the reason the market of such homes are pretty much decentralized. • The third is the affordable segment of housing which the trend watchers feel is too price sensitive. The reason probably is that the budgets of such customers are very tight and so they have a limit and the developers who sell flats and apartments in that limit are mainly their customers. http://gruhakalyan.com

6. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • Of late there are quite a few number of developers both local and the famous developers who have started operating in this zone and today the market of affordable housing is just on the rise day by day with increasing competition from all sides. • This segment is also like the mid segment seeking shelter in the areas near the work places with fairly good infrastructure. There have been also the development of affordable housing in the outskirts of Bangalore like the Kanakapura Road, Mysore Road and few other areas like Neelamangala and such other areas. • North Bangalore is characterized by the presence of the International Airport and the areas which are on the way to the Airport like Hebbal, Hennur Road and the like are on the spree of rapid development with many high end projects coming up too. http://gruhakalyan.com

7. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The prices of such land in these places also are on the rise in a faster pace. At the extreme end would be Devenahalli where there is a plan of the government to construct the ITIR (Information Technology Investment Region) which will house the best and the largest of the IT companies of the globe. • This is precisely the reason why the land price in Devenahalli is on the rise and along with that the development of the infrastructure of the place is also on a rapid stride. • Talking about the South, Hosur Road, Bannerghatta Road, the Southern part of the ORR, HSR Layout, JP Nagar and Jayanagar are few of the places of demand. These places have major concentration of IT parks and the centres like the Electronic City and other IT hubs around the ORR and the Bannerghatta Road also pull residential population in plenty. There are many developers who have started building many huge projects in these areas. http://gruhakalyan.com

8. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • Whitefield is an area on the East of Bangalore and all of us know that the area is famous for its concentration of IT companies in different IT parks and Special Economic Zones. • Undoubtedly Whitefield has all types of realty products and apartments and villas catering to all the segments of the market. • The next comes the mid income segment of housing which is again driven by the IT and the ITeS sector employees. • But the west on the other hand has not been so successful in attracting high end realty apartments or villas mainly due to the infrastructure bottlenecks. This area is mainly the industrial hub of the town with of course many residential areas popping up in the last decade or so. http://gruhakalyan.com

9. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Property Buying Tips : • Pre-launch Flats Vs. Ready-to-move Apartments • Now is the right time to buy a house or property in Bangalore  • How to buy a flat being Cautious to avoid Problems http://gruhakalyan.com