Bangalore's Luxury Property Market Worth Billion Dollars

Karun Varma, Managing Director (Bangalore & Kochi) JLL, stated that "Bangalore has approximately 1100 super luxury home units price-tagged at 5 crore in various stages of planning and construction. This translates into a market worth more than a billion dollars," reports Economic Times.

Although, Bangalore’s Central Business District is the prominent location for luxury homes yet, areas like Whitefield and North Bangalore are emerging as most preferred luxury residential hotspot. Improved connectivity and good infrastructure are acting as a catalyst for far-flung areas of Bangalore with good real estate development. Besides, in Bangalore's CBD some of the forthcoming luxury projects are Century's Renata, Prestige's Edwardian, Nitesh Estates' Logos and VanGogh's Garden by Total Environment.

"The capital values on Bangalore's super luxury homes market are still more attractive than those of Mumbai or Delhi. Once the city's infrastructure development catches up with the current pace of real estate development, there will be no stopping Bangalore's residential market," added JLL.