Bangalore is a city which has a lot of things going on for it. And surprisingly real estate is one of them. When the entire country is going through a real estate slump, this is the one of the few cities which has shown stability and growth. The main catalyst for the growth of the realty sector in this city is the solid presence of the Information Technology and Information Technology Enabled Services sectors. Most of the successful real estate growth stories from around the country owe their beginning to the IT sector.
The realty market in 2014 was quite robust. There was a fair among of interest shown towards this market from end users, High Net worth Individuals and the Non Resident Indians. Some of the areas of interest are located in and around the IT hubs of the city and the peripheral areas of the city. The central areas are priced high and are quite saturated. It is towards the outer suburbs that there is plenty of land available and at rates which are quite affordable.
If you are looking to buy new flats in Bangalore then the IT hubs of Marathahalli, Whitefield and Electronic City are the right places for that. There is a large supply of new flats in Bangalore along the Sarjapur Road stretch as well. These four localities top the supply chart as far as residential properties in the city is concerned. There is also supply in areas such as Vikram Nagar, Hebbal, Kalyan Nagar, KR Puram and Battarahalli. When it comes to demand side, it is again the IT hubs which dominate. Whitefield is the area which is witnessing maximum demand for apartments in this city. Next come areas such as Sarjapur Road, Electronic City, Marathahalli, JP Nagar and HSR Layout. The central and southern parts of the city are considered to be most expensive for this property type.
If you are thinking about buying house in Bangalore then places like Whitefield, Battarahalli, Sarjapur Road, Electronic City, Bommanahalli and HRBR Layout. The concentration of the majority of individual homes in the city is located in this area. Micro markets such as Whitefield, KR Puram, Sarjapur Road, JP Nagar, Kalyan Nagar, and HSR Layout are seeing a high demand for from those who are looking forward to buying house in Bangalore. Prices for this property type are the highest in areas such as Hebbal, Sahakara Nagar, Whitefield, JP Nagar, Jaya Nagar, Kalyan Nagar and Ashwath Nagar.
The northern parts of the city are becoming popular among those who are looking to buy into the thriving luxury segment in the city. A smart investor should head to the northern parts of the city right now as the property prices are quite inexpensive at the moment. There is plenty of choices as well. But with improvements happening to infrastructure and the property rates going up constantly, these areas may not remain affordable for too long. So now is the right time to invest in properties here.
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