Real estate is growing in South Indian cities
It is reported that the three cities of Hyderabad, Bangalore and Chennai together account for nearly 45 per cent of office space in India.
It is found that the real estate development in southern part of India has set new milestones as commercial advantage of Bangalore, infrastructural progress of Hyderabad, industrial and residential highlights of Chennai helped the realty market to grow.
In terms of transparency levels across 20 major cities during last year, Andhra Pradesh, Tamil Nadu and Karnataka featured in the top ten ranks.
It is also found that with 59 malls in pipeline, Hyderabad, Bangalore and Chennai represent 56 percent of the country’s mall supply in coming years.
The region does not lag behind others even for residential projects in Bangalore, Hyderabad and Chennai, and the launches in southern cities during past few quarters were at par with the western region. New launches in the price range of Rs.4,000 per sq ft or below continue to dominate the residential market here.
To read more real estate news:
Service and studio apartments in demand
Demand for resale properties in Chennai
Source: The Hindu
office space in India, Properties in India, Real estate development, Real estate in Hyderabad, Real estate in India, Residential projects in Bangalore
[...] Real estate is growing in South Indian cities [...]
[...] Real estate is growing in South Indian cities [...]