Mid-end Homes Boosts Residential Sales in Bangalore

Bangalore-real estateDespite of the economic slowdown, Bangalore real estate market remains resilient. The stability in realty is due to the constant demand for affordable homes. In 2012, the city saw a launch of 35,500 housing units and quarter 1of 2013 around 8,000 units were launched.Out of the total residential projects in 2012, 48% of the development was seen in South Bangalore which recorded the highest launches followed by North Bangalore at 33%. Most of the projects are expected to be completed by 2015.According to a report, as compared to 2012, property prices in locations like Hebbal, Tumkur Road, Whitefield and Magadi Road have witnessed an appreciation of 10 to 15% in the 1st quarter of this year. An array of constant launches of residential projects in last two years will limit the considerable upward movement in the real estate market.The report also mentioned that, North Bangalore will continue to boom this year too. It will prove to be one of the prime residential locations in the city due to the various infrastructural developments taking place in this area. Event South Bangalore is projected to witness more growth due to the presence of IT population who are allocated office projects along the Outer Ring Road.  Whitefield will continue to attract the homebuyers as the location is in proximity to work place and also the social and retail infrastructure contributes towards the development.

Also Check Out House for rent in Bnagalore.

займ на карту без отказов круглосуточновзять кредит онлайн

Leave a Reply

Your email address will not be published. Required fields are marked *