Bangalore Witnessed the Utmost Appreciation of 41% in Mid Income Homes

Bangalore : Bangalore has seen utmost appreciation of 41% in mid income housing segment during the last three years.  While Pune tops the list with an average boost of 39 percent in the high end property segment among seven major cities of India.Over the last three years (June 2011 to June 2014), Delhi-NCR housing prices climbed by 22 percent to 24 percent in mid segment and high end segment, correspondingly, as per the global property consultant Cushman & Wakefield report.
To rank the normal capital quality appreciation the report analyses the concert of the residential segment of seven major cities such as Delhi-NCR, Mumbai, Bangalore, Chennai, Kolkata, Hyderabad and Pune.
Cushman and Wakefield report stated that, mid segment residential properties in Bangalore market have seen the utmost average capital value appreciation in the last three years (H1 2011-H1-2014) whereas Pune recorded the highest average appreciation in the high end segment in the same period.

The capital values of mid segment housing have boosted in the range of 14-41 percent during the last three years, where as high end properties boosted in the range of 16-39 percent during the period under review.
In mid income segment, Bangalore observed the utmost appreciation of 41 percent, followed by Pune at 28 percent, Chennai at 27 percent, Kolkata at 17 percent and Delhi-NCR at 22 percent. Mumbai recorded an average capital values boost up of 16 percent, while Hyderabad saw an ascent of 14 percent.

Pune recorded the highest increase in capital values of 39 percent in the high end segment, followed by Bangalore at 37 percent and Chennai at 34 percent. Mumbai and Delhi-NCR recorded average raise of 24 percent, where Hyderabad remained last with an average rise of 16 percent.

Cushman and Wakefield report stated that North-West Bangalore witnessed the utmost capital value appreciation of 95 percent, the highest among the top most cities in India, due to the commencement of quality developments that acquired vigorous demand due to its propinquity to the international airport.
C &W Executive Director Residential services Shveta Jain commented” In spite of the inconsistency in levels of average appreciation in capital values in the past, it is delighting to see that against poorer economic responses, all markets have recorded capital appreciation.”

Jain said that the markets are largely driven by end-users and have recorded highest average boost in capital values, while investors driven markets such as Mumbai and Delhi-NCR have seen lower appreciation.
Jain explained that” this is mainly because of the verity that in the last few years due to the reasons like slower economic growth, depreciation of the Indian Rupee against dollar and common unrest on account of factors such as inflation, slower rate of real estate development etc. which has pilot more probable markets of Delhi-NCR and Mumbai to see a slower rate of appreciation.”