New Projects Pushed Realty Area in South Bangalore

New Projects Pushed Realty Area in South Bangalore

By siliconindia   |   Friday, July 25, 2014

Bangalore : The IT and ITEs sector bull hold on real estate market in Bangalore city. The new projects also pushed realty in South Bangalore and changed the face of surrounded localities. Most of the demand for a Bangalore real estate property comes from the working class. By the increase of demand the new builders have launched their projects and increased the demand over the area. The capital rates are skyscraping from few years. Being as a hub of Professionals and students south Bangalore became as a favorable place for investment as well as rent. Even NRI’s are showing interest for investment. I would like to say that there is a balanced increase in the property rates of south Bangalore.

South Bangalore holds a colossal potential in terms of Realty development and it is a budding real estate market of India. This has developed beyond our imagination and residential projects added an advantage as well for the improvement of south Bangalore.

Let us have a look of few areas which are pushing up due to the launch of new projects. According to the survey, these are few areas which are highly demanded and the apt locality for getting good returns in the Future.

Kormangala:

In past, Kormangala is a place which was unfit for living. Present this one of the hottest destinations in south Bangalore. Kormangala is a focal point of activities like gaming arcades, many shopping Malls, MNC Companies, Ethnic restaurants, breweries, Educational institutions, new Luxurious Apartments/Flats Projects. It has easy connectivity to IT Hubs and Tech parks resulting in lesser transportation time. Most of the investors stated that they choose this place due to its cosmopolitan nature, Professional opportunities and improvement of physical and social infrastructure. Collectivity these factors pushed the prices higher.

Buyers Benefit: The rentals and the property values of high and mid segment are expected to grow more than 20% high in this locality. This all will happen due to the availability of premium developments, connectivity and physical infrastructure. This is one of the strategic locations which connects central business district MG Road to one side and Hosur Road on another, it has easy proximity to the Airport. Situated few kms away from Jayanagar and many important nerve centers in Bangalore.

Price trend: The current property price is around Rs 8800 to 8900 per sq ft. Here both the independent houses and the Flats/Apartments are available. 2 BHK Apartment area of 1100 to 1450 sq ft cost varies from Rs 60 Lakhs to 1.3 Crore, 3 BHK independent house price will be around Rs 3.5 crore of area 2400 per sq ft.

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