Overview of Bangalore Real Estate Market

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Overview of Bangalore Real Estate Market
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Phone - 080 40155666, 8494 9301 72 Email -
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Bangalore Real Estate Market

• Bengaluru has one of the most prosperous real
  estate markets of the country.
• The citys 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.

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Phone - 080 40155666, 8494 9301 72 Email -
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• 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.

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• Bangalores 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,
  Malleshwaram andSadasivnagar in the North and few
  other places.

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• 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
  aresocial infrastructure,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. Thats 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.

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• 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.

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• 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.

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Phone - 080 40155666, 8494 9301 72 Email -
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• 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.

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Phone - 080 40155666, 8494 9301 72 Email -
contact_at_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

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