Best Investment Neighborhoods of Bangalore-2012

Published on Jan 20, 2013, 01:20 AM IST
Bangalore real estate has withstood the thick and thin of recession, slowdown and emerged as a strong and mature market. However, due to high interest rates, there has been a slackening of demand from homebuyers. Inflation is nearing double digits and RBI is in no mood to cut lending rates.With a slow down in IT sector, reflecting slow demand in residential market saw the number of new residential units in 2012 fall by 50%.

The market has seen stable demand from end users and the best performing neighborhoods in 2012 were Hebbal, RT Nagar and Sahakar Nagar in North Bangalore. These places saw the highest demand and appreciation during the year. With improving infrastructure, connectivity to IT corridors helped north Bangalore to be a preferred place for a home.

There have been huge investments on infrastructure including high-speed rail link, elevated expressway to BIAL, signal free corridor from Hebbal till Silkboard and the monorail. North Bangalore was one of the safest bet.

Best emerging neighborhoods in 2012 were Tumkur road and Kanakpura road. These areas have seen benefits by planned metro connectivity, establishment of NICE road and availability of cauvery water in Kanakpura road.

East Bangalore micro hubs like Sarjapur road, Whitefield and ORR has seen stable demand.

On the commercial front, outer ring road benefited from controlled nature of space supply, which ensured low vacancy levels and healthy absorption rate. Most corporates continued to prefer ORR for its accessibility to employee homes and other IT corridors. Whitefield with its healthy inventory, grabbed the spill over demand from ORR. Bannerghatta, CBD and Koramangala remained largely neutral.