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Update on Bangalore Residential Real Estate

Residential real estate in Bangalore has also building a 197 apartment 'Cinnamon'
been witnessing a drop of about 15-20 per in Kudulu, off Hosur Road.
cent in transaction volume, in the past The typical mid-budget apartment size in
quarter, say developers and property these projects varies from 1,400 sq ft to
consultants. However, the city is picking 2,000 sq ft.
up steam in the segments of plotted Given the demand for luxury housing in
development, luxury villas, apartments Bangalore, most of the upcoming projects
and penthouses. Developers are coming up in south east Bangalore today offer
with innovative marketing strategies and well-furnished accommodation with
schemes to attract buyers. facilities such as swimming pool, kids
Meanwhile, Bangalore property markets playing area, theatres, clubs, health
will receive fresh additions of about centre and shopping complex. All these
2,000 apartment units across all features make the place attractive to the
quadrants, industry reports say. people who want to lead a luxurious life,
A suite of residential projects launched says Mr Kareem of Prime Property
in the areas of Whitefield, Outer Ring Consultant.
Road (ORR), and Sarjapur Road that were Real estate in North Bangalore (Bellary
launched between year 2004 and 2005 are Road to Yelahanka) has also witnessed the
near completion. launch of numerous projects with
State of residential projects in apartments and villas. Given the improved
Bangalore infrastructure, accessibility and the
Some of the major projects that are at future potential for this area, the area
various stages of construction in has been attracting both the segments of
Bangalore include Golden Gate Property's investors and end-users alike.
Golden Grand with 850 apartments on The market experts, however, apprehend
Tumkur Road, and the 140 apartment Golden that Bangalore Real Estate might suffer
Star project on Hoodi Circle, Godrej from the oversupply and the scene, from
Woodsman Estate with 780 apartments on the perspective of developer, would
Bellary Road, Also, Sobha Developer is actually remain under pressure.




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