Bangalore Real Estate Complimentary Environment for Buyers

9 years ago

Bangalore Real Estate Complimentary Environment for Buyers

Bangalore is the fastest emerging and best ever city in India. It has saw an improved changes in terms of IT growth, thus setting up a competitive margin. With wide variety of culture, the city has maintained excellent Social Infrastructure, Educational Institutes and up to date Physical Infrastructure. The most attractive residential markets are Sarjapur Road, Outer Ring Road, North Bangalore and Whitefield.

From past nine months, capital values and rentals for residential apartments in the South-East division of Bangalore progressing on constant path. As per industry experts viewpoint, several launched real estate projects in the year 2004-05 are presenting possession, as a result large number of units are obtainable in Sarjapur, Marathalli, Whitefield and Outer Ring Road for rent or purpose of sale.

The current market price is about Rs. 3,000 per sq. ft and more likely to remain same for atleast for next nine months. Similar trend is followed in south Bangalore originating with more than 3,000 apartments. Most of the other projects under process belong to premium villa segment. A slight variation in the capital values is ruled out in definite division of the city because real estate developers postponed their new projects to gain benefits if Comprehensive Development Plan (CDP) for Bangalore.

The huge expectation of real estate developers is that their end user will opt for home loan, if their property which is planned to purchase holds higher value resulting pulling interest rates down.