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