Pashmina Developers

Emerging Real Estate Trends In Bangalore

Looking back over the years, the residential real estate market in Bangalore has remained focused on affordability. Developers had to strategize their offerings and introduce them within the right price band, if they wanted any takers. This highly price sensitive market seems to have stabilized to quite a large extent in 2014.

Bangalore in 2014

The capital of Karnataka, Bangalore is the ultra-urban metropolitan city, home to over 8.4 million people. Its reputation as the Silicon City with proven supremacy in the IT/ITeS sector precedes it. Not only does Bangalore command a substantial market-share when it comes to the nation’s commercial real estate, it is also firmly on its way to becoming a center for residential real estate excellence in 2014. The major driving factor for the residential real estate market is the influx of people from all parts of the country to Bangalore’s IT/ITeS sector.

Emerging Trends

The emergence of the new Kempegowda International Airport, the proposed Metro, widening of the Bellari Road, and the proposed Devanahalli Industrial Area are just a few of the reasons why Bangalore is emerging as the best investment destination in India. From affordable housing to luxury apartments in Bangalore, there are many takers. North Bangalore alone has seen the doubling of residential pricing in the last 4-6 years. This trend is still strong and most other pockets are set to see good appreciation in 2015.

Micro-markets like Hebbal, Hennur, Thannisandra and Yehlanka are well-connected to the CBD as well as the IT/ITeS sector of Bangalore. These areas have received plenty of interest from buyers of affordable 1, 2 and 3 BHK apartments for sale in Bangalore. The emerging trends predict a great year for villas, row-houses and other luxury apartments in Bangalore too.

With plenty of new projects and premium apartments in Bangalore coming up, even the outskirts of the city is developing at a fast-paced rate. The success story of property investment in Bangalore is further bolstered by the development of multiplexes and gated communities throughout the city.