What's In Store for Indian Real Estate in 2013?

"Bangalore is primarily driven by IT/ITeS segment, which has been growing consistently," said Gaurav Pandey, senior vice president, PropEquity Research & Consulting.  

"Bangalore property market has done reasonably better than other major cities of India, such as National Capital Region (NCR) or Mumbai Metropolitan Region (MMR) during the last year," added Pandey.

Also Read: India's 7 Attractive Property Investment Hotspots In 2013

Real Estate in other cities

In 2013, Chennai is expected to see slowdown; however, the city has witnessed immense number of residential launches last year. This scenario is likely to continue for Pune as well. On the other hand, metros like Hyderabad and Kolkata are expected to see more number of new residential launches. Property prices may increase further due to the hike in construction costs. Other cities like Bhubaneswar, Ahmedabad, Kochi and Coimbatore to witness more real estate movements in 2013.

Also Read: India's 7 Attractive Property Investment Hotspots In 2013