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