Property prices in Bangalore
Bangalore has developed as the IT (Information Technology) hub of the nation in the last decade. This has resulted in the price hike of the residential and commercial properties in the city. The major MNCs like GE, IBM, Accenture, Capgemini, J.P Morgan to name a few have their IT and services centers in the city. [...] Continue Reading »
Hennur, an area located in the northern part of Bangalore, has been emerging as a hot residential destination because of the close proximity to Bangalore International Airport at Devanahalli. Hennur is not well developed yet and there is a great need of infrastructural developments. However the locality has a bright future prospect. Moreover the government [...] Continue Reading »
Hennur, an area located in the northern part of Bangalore, has been emerging as a popular residential destination. The prime reason for the growing demand for residential real estate in this area is the close proximity to Bangalore international airport at Devanahalli. There was a rise of 9, 12 and 5 percent in property price [...] Continue Reading »
South Bangalore houses some of the oldest residential localities such as Jayanagar, Chamrajapet and Basavanagudi. A well planned residential layout, Jayanagar, comprises of 10 blocks, has been further extended into J P Nagar, BTM Layout, Banashankari, Uttarahalli, Bellandur, HSR Layout, Electronics City, and Hosur Road. Because growing MNC’s and IT companies in this area, planned [...] Continue Reading »
According to the National Housing Bank (NHB) Residex, the last quarter of 2012 saw rise in residential property prices across 18 of the 20 cities covered. Major Indian cities like Mumbai, Delhi, Bangalore, Ahmedabad, Kolkata and Chennai witnessed significant increase in the same. The cities which reported maximum growth in residential property prices quarter-on-quarter are [...] Continue Reading »
Karnataka houses 41 green buildings, which is the fourth largest figure in the country, out of which 39 is in Bangalore. The concept “Green Building” is attracting people’s imagination. Though the concept could attract only 5 percent of the population, the Indian Green Building Council (IGBC) is happy that the residential sector is coming up [...] Continue Reading »
Ulsoor, also known as Halasuru, is one of the oldest localities in Bangalore. Ulsoor has seen an increase in property prices in the October-December quarter 2012. The area has witnessed an increase of 4 percent in the average locality price during the October-December quarter. The proposed metro connectivity has been the major boost behind the [...] Continue Reading »
2013 has just began and Bangalore has started to feel the upbeat as North and East Bangalore is expected to see much real estate activity. In North and East Bangalore, many office spaces are coming up, the areas have good infrastructure with lot of land available. A higher official from Jones Lang LaSalle said that in terms [...] Continue Reading »
According to the report by a real estate firm, the developers have become more rational in launching their projects because of the subdued demand in the real estate sector. Bangalore saw 16, 543 units launched in 2012, compared to 32,816 in 2011, which means Bangalore has witnessed 50 percent drop. The overall new launches across [...] Continue Reading »
In 2012, the residential market was disturbed by weak business sentiments, high property prices, high labour cost and relatively higher mortgage rates which resulted in the decline of 30% in 2012 in comparison to a plunge of 7% in 2011, said a real estate consultancy. Real estate developers are really cautious of launching project as the gap [...] Continue Reading »
