Residential Property Prices swell by 25%

bangalore-propertyBangalore: Closeness to schools, MG road and CBD are few factors that make Richmond Town a preferable and premium location in Bangalore. With the advent of new and luxurious projects in the area, Richmond Town seems appealing and attractive like never before and with that inflation of more than 25% in the property prices of residential apartments is witnessed in the last six months.Release of new projects with various high-end amenities such as Italian tiles, modular kitchen, Jacuzzi, etc. has increased the appeal of this area. However, location and connectivity are two major points that have always attracted buyers to Richmond Town. Majorly the end users are IT professionals and businessmen.PricesThe average rate in Richmond Town in the Jan-Mar 2012 quarter was approximately Rs 7,500 per sq ft, while it climbed Rs 9,000-15,000 per sq ft during the Jul- Sep 2012 period.New ProjectsThere are more than 20 new projects available in Richmond Town; some of them are Sky Gardens by G Corp Group, Mayflower by Prestige Estates Projects Ltd, Skyline Mayflower by Skyline Construction Ltd, Canary Wharf by Nitesh Estates and Regency Splendor by Ashed Properties & Investments Pvt Ltd. The projects are at various stages of development and are expected to offer possession within 2 years. 1-4 BHK configurations are offered by the developers; however 3 BHK flats are the most demanded.займ на карту без отказов круглосуточновзять кредит онлайн

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