| With Bangalore continuing to be a major
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| | of the leading reasons for the revival of
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| IT hub, the real estate Bangalore has
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| | demand for quality accommodation.
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| got a major push especially its
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| | Any common property buyer will see at a
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| commercial properties. The absorption
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| | ready project or the one which is about
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| figure in the city has reached new high
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| | to complete before committing purchase.
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| of 14.2 million sq ft. It is believed to
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| | In Bangalore, there is a high preference
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| be the highest among other metros in the
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| | for spacious two and three bedroom flats
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| country.
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| | in the 1,000-1,200 sq ft and 1,500 sq ft
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| Rentals in Bangalore are also going
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| | -1,800 sq ft.
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| through the roof. The hike has mainly
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| | Also, there is a surge for row houses in
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| come on the back of increasing demand for
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| | Bangalore. They offer the comforts of
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| both commercial and residential
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| | both independent houses along with the
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| properties in the city. Rents in Central
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| | advantages of community living. Seeing
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| Business District (CBD) have shot up to
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| | such benefits coming on hand, no smart
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| Rs 65 per sq ft per month, with a sharp
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| | buyer will mind paying an extra cost for
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| appreciation owing to the lack of supply.
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| | such an exclusive house.
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| 70% of the total commercial properties
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| | However, rentals in some locations in
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| in Bangalore have been bought by
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| | Bangalore have been stable. These are the
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| Knowledge based companies.
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| | areas such as Lavelle Road, Cunningham
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| As far as residential properties in
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| | Road, Indiranagar, Jayanagar,
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| Bangalore , present and future demand
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| | Koramangala. Here, rentals increased by
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| seems to have driven from IT
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| | 3% versus 6 months ago and capital values
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| professionals. However, this is also one
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| | have increased between 3%-11%.
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