The Factors Behind the Stability of Bangalore Property Market
Bangalore real estate market has been performing well owing to its above par infrastructure, good connectivity, and a stable demand market. A number of National Highways pass through this city and have played a vital role in improving the connectivity.
The stalwart of IT, Bangalore, ranks high in terms of real estate performance. The presence of excellent physical and social infrastructure have been the vital factors in burgeoning the realty market in this Electronic City. The steady job generation and high-end infrastructural projects have kept property demand on the higher side of graph. Unlike other tier-1 cities that are facing low demand-supply ratio, the absorption rate in this city has remained a steady number.
Bangalore real estate leads all other cities in terms of Private Equity Investments. A plenitude of investments worth millions are either in pipeline or have been sealed. This indicates that the city still has hold over equity market. The city ranks third in terms of High Net worth individuals, with thousand s of dollar millionaires. The absorption rate of residential properties witnessed an escalation of 15-20% in 2013, and this year, the trend is expected to repeat itself.
As per the market analysis, the rates of high-priced residential property in Bangalore is expected to go steady in the months to come. The buyers in this segment have the preference for properties worth 1 crore and above. The 75lakh-1 crore segment is mostly opted by the IT professionals for whom factors like proximity to office and physical infrastructure are the topmost priorities. Below 75 lakh properties are mostly preferred by budget-minded buyers.
As far as infrastructural development is concerned, the progress has been up-to-the-mark. The upcoming Metro is expected to do wonders for city's realty market, on one hand, and solving traffic congestion problems, on the other. This metro, when comes to completion, shall be spread over 42 kilometer and shall comprise of 41 stations. Bangalore property is already benefited by a string of National Highways that criss-cross it. Bannerghatta Road, NH 4, NH 7, Hosur Road and Old Madras Road(OMR) are the lifelines of this city. These high speed roads have helped in shortening distances and improving city's connectivity to other metropolitans. Begur Road connects Begur to other parts of the city via 5 major roads. Hosur Road is a part of NH 7 which links the states of Karnataka and Tamilnadu. Bannerghatta Road links Bannerghatta, Anekal, amd Sarjapur to the rest of the city.
The Residex, an index employed for measuring the prices of residential spaces, underwent an increase of 3.7% in last quarter of 2013. This show that the demand for the properties in the city have remained stable.
The stalwart of IT, Bangalore, ranks high in terms of real estate performance. The presence of excellent physical and social infrastructure have been the vital factors in burgeoning the realty market in this Electronic City. The steady job generation and high-end infrastructural projects have kept property demand on the higher side of graph. Unlike other tier-1 cities that are facing low demand-supply ratio, the absorption rate in this city has remained a steady number.
Bangalore real estate leads all other cities in terms of Private Equity Investments. A plenitude of investments worth millions are either in pipeline or have been sealed. This indicates that the city still has hold over equity market. The city ranks third in terms of High Net worth individuals, with thousand s of dollar millionaires. The absorption rate of residential properties witnessed an escalation of 15-20% in 2013, and this year, the trend is expected to repeat itself.
As per the market analysis, the rates of high-priced residential property in Bangalore is expected to go steady in the months to come. The buyers in this segment have the preference for properties worth 1 crore and above. The 75lakh-1 crore segment is mostly opted by the IT professionals for whom factors like proximity to office and physical infrastructure are the topmost priorities. Below 75 lakh properties are mostly preferred by budget-minded buyers.
As far as infrastructural development is concerned, the progress has been up-to-the-mark. The upcoming Metro is expected to do wonders for city's realty market, on one hand, and solving traffic congestion problems, on the other. This metro, when comes to completion, shall be spread over 42 kilometer and shall comprise of 41 stations. Bangalore property is already benefited by a string of National Highways that criss-cross it. Bannerghatta Road, NH 4, NH 7, Hosur Road and Old Madras Road(OMR) are the lifelines of this city. These high speed roads have helped in shortening distances and improving city's connectivity to other metropolitans. Begur Road connects Begur to other parts of the city via 5 major roads. Hosur Road is a part of NH 7 which links the states of Karnataka and Tamilnadu. Bannerghatta Road links Bannerghatta, Anekal, amd Sarjapur to the rest of the city.
The Residex, an index employed for measuring the prices of residential spaces, underwent an increase of 3.7% in last quarter of 2013. This show that the demand for the properties in the city have remained stable.