Bangalore Real Estate Growth Forecast

Published on Mar 21st , 2014
Bangalore Growth Forecast
Bangalore is a haven for real estate market. Over the years, real estate industry in Bangalore has witnessed massive growth due to improved infrastructure, better civic facilities, better road developments and better rail networks among others. Due to better connectivity and infrastructure, realty development is able to expand its borders to areas out of city limits which have great potential of becoming future hot spots. The improving socio-economic condition has encouraged the populous mid-income earning families to invest on real estate sectors. As a result of FDI will see many international players entering the Indian real estate market and a surplus demand is anticipated in commercial and retail segments.

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.