Real Estate Price May Shoot Up In Bangalore

Bangalore retained its tenth rank among the most favored real estate investment destination in the Asia Pacific region

. Market predominantly dominated by end users, Bangalore's real estate market is now turning towards location and project specific options where developers are able to market their projects. As study on emerging real estate trends in the region by Price Waterhouse Coopers (PWC) and Urban Land Institute had ranked the city tenth last year also. Bangalore's organic growth-driven market and ability to buck mega trends has helped it retain its credentials as a stable play and maintain its position on the list, the report said. This survey is based on the views of over 360 internationally known real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants.

Bangalore is on a fast track to become an outstandingly city for living and doing business in the near future. The Bangalore Development Authority (BDA) has plans to redesign certain procedure related to planning. Since the last decade, the prices Property in Bangalore have escalated at a rapid pace, thereby making the dream of owning a house almost impossible. Today not just the proper Bangalore city but real estate prices have risen even in the adjoining areas such as Mysore Road, Whitefield, Malleshwaram, Rajajinagar and Old Madras Road. Bangalore indeed is the most happening city today.

Bangalore real estate market has undergone a sea change from what it used to be some years ago. Housing companies here in Bangalore are doing brisk business. While a majority of investors are variably looking at North and East Bangalore for real estate investment options. All this while we were discussing about the housing market here at Bangalore. There are many opportunities for commercial real estate here in the city. Investment options in residential property in and around the city abound but the yield varies from 4percent and above depending on the location, specification, type of development and amenities offered in the project.

Bangalore Villaments is the new buzzword in Bangalore's real estate lexicon. A villament is where an apartment ends and a villa begins. It's a concept that's gaining popularity with those who want the luxury of a villa and yet crave the comfort and convenience an apartment affords. It's a marketing strategy where we offer the privacy of a villa and the facilities of an apartment, says Syed Beary CMD Beary Group a Bangalore based real estate developer. While price of villas may be out of reach for many and the density of apartment units too claustrophobic for some, villaments will bridge the divide.

The city may be going high on the Metro, but there's more to cheer for citizens. Real Estate prices along the Metro track are expected to accelerate capital values on the periphery as downtown land becomes scarcer. The action has moved from downtown to the suburbs. Metro connectivity to areas like Kanakapura and Mysore Road will see a lot of realty traction. Hence , price escalation on the periphery is sharper than in the Central Business District.

by: lokeshmanu24

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