Bangalore Accounts for 31% of Total New Supply with 10,500 Units

bangalore-pie-chartBangalore: The Bangalore city alone accounted for 31 per cent of the total launches observed across India in the second quarter of the current fiscal year. Bangalore witnessed over 10,500 residential units launched in the second quarter of 2013.Highest number of new launches came from the east Bangalore which was followed by north Bangalore and South-east Bangalore submarkets. Highest new launches in these regions were attributed to healthy demand from IT population in these submarkets.Despite the demand from IT sectors, mid-end segment and affordable housing segment remained the highly preferred developments. Almost 50 percent of the total launches were accounted by the mid-end segment and about 34 per cent came from the affordable housing segments.Proximity of east Bangalore with IT sectors has resulted in good price appreciation up to 12 per cent for developed and under construction properties. Whereas south-west market witnessed an appreciation of up to 11 per cent as they provide good connectivity with major city areas and IT sectors.Bangalore market has witnessed utmost supply in the second quarter of the current fiscal year owing to exponentially growing IT/ITeS sector. The north-west sub market of Bangalore is expected to see increasing trend of mid-end and high-end housing units. Upcoming metro rail project and developed social infrastructures and good connectivity with central locations of the city has influenced the real estate market of north-west sub market.In the previous quarter, many developers were offering several pre-EMI schemes to attract home buyers in Bangalore real estate market. Bangalore is expected to witness an uptrend in both mid-end and high-end segment capital values in the next few years.займ на карту без отказов круглосуточновзять кредит онлайн

Leave a Reply

Your email address will not be published.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