Bangalore Real Estate Growth Forecast
Published on Mar 21st , 2014
Here's our snapshot of regions
East Bangalore: East Bangalore is becoming fairly popular among realty developers and potential home buyers due to better road connectivity which has as come a result of ORR linking to major IT corridors and other places of interests. Areas such as Whitefield, Marathahalli, Kundalahalli, K R Puram, Kasturi Nagar, ITPL and Mahadevpura are some of the favorite residential destinations.
West Bangalore: West Bangalore, covered by residential localities, is witnessing major developments
in the form of commercial and retail complexes and high-end residential projects.Some of the areas which have come to focus due to recent developments are Yeshwantpur, Malleswaram, Rajajinagar, Matthikere and Vijayanagar.
North Bangalore: North Bangalore has been a popular residential destination both for end-users and investors. Developmental activities in these areas have been phenomenal. The region provides easy connectivity to major areas in the city which is one of the main reasons driving the demand in areas like Hebbal, Yelahanka, Ramamurthy Nagar, RT Nagar, Banaswadi, Hormavu and Sahakar Nagar.
South Bangalore: South Bangalore is fast emerging to be a favorite region for real estate development. The entry of multi-national companies has boosted developmental activities in this region. Further, the development of NICE Road and Metro Rail connectivity to the region have increased the value for properties in localities like HSR Layout, Sarjapur Road, Electronic City, Bannerghatta Road, JP Nagar, BTM Layout, and Uttarahalli.
Our Pick: At Bangalore Nest, we still foresee East Bangalore with highest growth and ROI potential. There has been lot of noise around north Bangalore / Devanahalli but nothing has seen light till date.
East Bangalore benefits from the presence of major IT / ITes, Pharma, Banking and Apparel companies. Demographics and strong social infrastructure have boosted the demand for residential units.
The new peripheral ring road which will connect electronic city, Whitefield and Yelahanka will offer opportunities for further real estate expansion. Most builders are holding on to their land banks around Varthur for better realization.
On the affordability front, South Bangalore tops the list with plenty of affordable options.
Bangalore Real Estate News
- Real Estate Bill Set to Spike Home Prices
- Real Estate Bubble Set to Burst
- Mid Income Homes Drive Home Sales
- Bangalore Real Estate More Positive
- Bangalore Records Highest Launches
- Bangalore Stands 2nd for Commercial Investment
- Residential Sales Drop by 16% in Bangalore
- Century to Build Walmart Store Near Hebbal
- Godrej Properties Enters Whitefield
- Honeywell Seals Biggest Office Leasing Deal
- Sahara Buys 25 acre Plot at Whitefield
- Will Real Estate Follow the Gold Crash…?
- Over Supply of Retail Space Hits South India