Bangalore residential real estate market has seen fanatic growth in the recent past with rapid growth in population and urbanization in the area. Housing segment records capital value appreciation of 25 per cent from the mid-2009. The residential spaces absorption shifts towards Rs.3000 – 7500/Sqft. price band in the city. There is significant momentum in the price band of 7500 and above as well. According to the market analysts, this segment is one of the most resilient from a Long Haul perspective. The main reason behind this trend is the tendency of the premium/luxury developers to consistently reinvent smart homes around extravagant landscaping with golf course and other green features.
Bangalore’s CBD (Central Business District) location has become the most preferred choice for luxury homes. Whitefield and North Bangalore offer a large choice in the segment. The upcoming projects, including Shapoorji Pallonji Parkwest in Binnypete, Unishire Terraza in Manyata Tech Park, Sobha Dream Acres in Panathur Road & Brigade Cosmopolis in Whitelfield are highly attracting home buyers. These major developments are offering fine blend of technology and nature that set new perspective in urban living.
Current projects are better planned and designed to meet all the lifestyle needs of aspirational citizens. The well integrated, gated residential complexes and townships are fast transforming the face of the city. Every project is packaged to give you experience in elegant living. These projects in different stages of construction, and with huge plethora of residential units are priced at Rs. 60 lakh – 2.64 Cr.
While the sub-markets in Devanahalli and Hebbal are witnessing impressive scale of luxury developments. The on-going projects along with rapid infrastructure developments and the establishment of Bangalore International Airport have spurred growth in the micro markets. Apart from these, Indiranagar with smaller projects comprising 5-10 units is becoming the residential hub. Altogether, Bangalore has multiple super luxury homes and the capital values on the market segment are more attractive than those in Delhi or Mumbai.
Market experts say that Bangalore’s residential market would not stop once the infrastructure developments in the city catch up with the current pace of the real estate projects. The affordable segment is also doing well here. There are a number of new launches in the area catering to mid-to-high segment of the residential markets. Excellent connectivity and availability of more shopping & retail projects are attracting home buyers in the region.
The various options present in the micro market create opportunity for gainful property investments. Whether you want to buy a home or invest in a property for capital gains, the vibrant city give you best of opportunity. Shapoorji Pallonji Parkwest Phase 2 developments in lovely tranquil location Binnypet with sophisticated 1,2,3,4 BHK homes and world class amenities creates the finest address in the region. Similarly, the other projects available in the region promise good returns to the investors through mid-to-long term gains.
The city as well as its vicinity brings you premium projects perfectly carved out from the lush landscapes with all goodies of life at one place. Hence these are emerging as the favorite residential choices of home seekers in and around the area. These high end architecture and design layout inspire great living in the southern city.