Central Business District areas Bangalore
As Namma Metro begins to improve connectivity in Bangalore, property prices have gone up in many places. Localities like Baiyappanahalli have witnessed a massive surge in property rates as metro line connects it to the central business district around MG Road. Purchase rates of built up properties and vacant plots have gone up alongside. Property [...] Continue Reading »
Rentals in Bangalore is booming. The reason is rise in demand for rental properties. Prices of homes in the city have shot up over the last six months, making it difficult for most to own and maintain a house. The property consultants believe people will now prefer to stay on rent rather than purchase an [...] Continue Reading »
According to a study of real estate research firm Jones Lang LaSalle India, the city is likely to absorb about 7.1 million sq ft of office space by 2011 against a supply of 7 million sq ft in this period. “A majority of the expected absorption is likely to take place in the secondary and [...] Continue Reading »
As the city spread and grew out of the central business district (CBD), many homeowners are renting out their residences to retailers as there is a huge demand for commercial property around residential areas. According to a survey, a mere 4-5 million sqft of ready retail space is currently available for retailers in the country. [...] Continue Reading »
Though the availability of resale units has been rather limited in Central Business District (CBD) areas, demand always exists from the location specific homebuyers. The demand for resale units is high particularly in areas like Lavelle road, Richmond road and Cunningham road, says Rebekka Ninan of RNU Partnership. The demand for resale apartments in and [...] Continue Reading »
