siliconindia | | August 201819Being one of the best coveted investment destina-tions in South India, Bengaluru attracts the non-locals who come to work to the city and end-up putting an investment in the real estate market as the capital appreciation is sizeable in this part. Several prop-erty consultants claim that the Silicon Valley of India has emerged as the front-runner in the property market as the housing demand and supply in the city is higher than that of Hyderabad and Chennai during the first quarter of the year. The recent rise in commercial activity, several infra-upgrades, and improving transparency points-out that the real estate market is much more vibrant and resilient than other cities across the nation. Interestingly, nearly 40 percent of the total units launched in the city were 3BHKs and it is followed by 2BHKs that come-up with 38 percent. Despite the rapid growth in the market, Bengal-uru residential market is second to Mumbai in terms of supply and absorption for Q1 of the 2018 calendar year. Considering the livability quotient (means the avail-ability of social infrastructures such as schools, colleg-es, hospitals, shopping complexes, hangouts, provision stores and others), localities like Koramangala, Rajaji-nagar, Ashok Nagar and Malleshwaram are rated above 9.5 (on a scale of 10). With the recent infrastructure ini-tiatives from the government, places like Devanahalli, Hebbal, Hennur, Budigere, Varthur, and BTM Layout saw major developments as large residential catchment around the area cater to the IT professionals. However, the property prices in Bengaluru remain same despite the demonetization. The financial institutions in the city find it easy to process their home loans, as more and more real estate investors are entering into the field and the partnership is shaping the future of the industry in a great deal. Be-ing familiar with the local market conditions, the finan-cial parties provide or procure all the auxiliary services that clients require in order to further proceed with the project.With the rising demand in the real estate market, the builders are creating a mammoth change in the face of the city. With so many projects as disposal, the challenge for the investors/purchasers is to find that perfect fit for their money and taste. Helping them do so and recog-nizing the best of the real estate players in Bengaluru, siliconindia brings to you `siliconindia Real Estate Awards, Bengaluru - 2018'. Post a thorough diligent research from the expert panel of siliconindia, and other experts from the real estate industry, the best were chosen on the ba-sis of several factors which compare the standards set by the champions of the business. The real estate profes-sionals who have been imperative and instrumental were awarded because of the successful ideation and imple-mentation of practical ideas that complement with the market requirements.
< Page 9 | Page 11 >