Bangalore realty market

Affordable Housing:

The term ’affordable housing’ has gained ground in the Garden city, thanks to certain developers (like Brigade Group, Golden Gate, Purvankara and Ozone Group). The demand for this segment is mainly driven by the price sensitive buyers, thus affordable units are generally constructed in the suburbs, since land parcels are available at comparatively low cost. Kanakapura Road, Mysore Road and Hosur road have borne witness to the high demand in this segment.

Luxury Housing:

High-end residential property buyers are in bulk inside the city and hence it is ranked as the 3rd largest hub for HNIs in the country. Bangalore homes to more than 10000 millionaires and numerous expatriates who work in the city. Statistics confirm that the demand for high-end residential apartments in Bangalore have been on a rise in the Central Business Districts, Whitefield, Secondary Business Districts and North Bangalore.

Mid-Income Housing:

Coming as it does, this category is mainly driven by IT/ITes professionals. Proximity to workplaces, social infrastructure, easy access various educational institutes and hospitals have played a key role in driving the demand Furthermore, micro-markets like ORR, Whitefield and Electronic City have also experienced a steady growth in demand from the mid-income property buyers, due to such reasons.