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