| Bangalore real estate activities are witnessing a | | | | stagnating and the property prices are going down |
| stagnation period. There is identified stock of | | | | with time. In the last quarter demand - supply mismatch |
| unoccupied properties in the Whitefield area. The | | | | was approximately a million sq.ft. (as stated in |
| reason gauged is all the IT and IT enabled service | | | | Cushman & Wakefield report). |
| companies are heading towards green buildings. Green | | | | The Bangalore Real Estate Builders and property |
| buildings are the peg of the year as the world is | | | | developers are still reluctant in building green homes |
| adapting green arena to counter various environmental | | | | and using new technology because of their profit |
| issues. All builders and developers are bound to adopt | | | | margin. Also all the upcoming and current projects are |
| green technology to construct their buildings. | | | | overpriced than the market value. |
| The upcoming real estate activities in Bangalore are | | | | The Whitefield region in Bangalore, where IT and ITES |
| happening at outer ring road and peripheral areas. Few | | | | firms occupy most of the office space, could be |
| buildings where the construction has just completed | | | | delivered another blow when a Bangalore government |
| are lying vacant. The Bangalore real estate market is | | | | scheme which provides rebate in tax to the |
| experiencing such vacant unit supply in past couple of | | | | companies located at "technology parks" comes to an |
| months. The reason sought is the increasing demand | | | | end next year. |
| of green building. The newly constructed Bangalore | | | | Most of the companies will head towards Special |
| properties are not meeting green buildings | | | | Economic Zones (SEZ) which is designed as per the |
| requirements and thus they are not rated as green. | | | | green codes and this will further render some |
| The IT and ITES companies are not occupying this | | | | Bangalore properties vacant. |
| space and as a result the real estate values are | | | | |