Real estate in Bangalore attracts HNIs
High Net worth Individuals are attracted by the high end real estate market in Bangalore. The launch of premium segment apartments in Bangalore are increasing as the demand for luxurious homes above Rs 1.5 crore is increasing.
Some of the key luxury projects launched in 2011 includes Nitesh Logos at MG Road, Four Seasons’ CityView at Bellary Road, Sobha City at Thanisandra and Prestige Edwardian at Cunningham Road .
It is also noticeable that the 30% of the total real estate demand in Bangalore is investor driven while 70% is end users.
RMZ Corporation has reported to sale 100 units of its super luxury apartments in Bangalore.
In a report by CBRE, it is said that the property prices were largely stable for most part of the year, with growth witnessed in the last quarter only. The capital value in and around Bangalore is appreciated by 12-15% year to year.
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Source: Economic Times
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