Update on Bangalore Residential Real Estate

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