Over the past few years, due to the launch of modern design properties, Bangalore has become one of the favourite destination for the real estate builders and developers. The residential projects in bangalore for salevaries from genuine luxury apartments, villas, plots, commercial properties and other residential property.
In 2011, the market for the Bangalore propertieswas found to be at the highest demand at approx 14.78 million sq ft. Whitefield and Electronic City followed by Outer Ring Road are the most vibrating location for the launch of properties in terms of real estate Bangalore. According to Naveen, who states that High absorption levels brought the vacancy levels in the city from 16.6 percent in the fourth quarter of 2010 to 12 percent by the fourth quarter of 2011. Marginal scarcity of space will prevail in 2012 though approximately 11 million sqft of new supply is expected to enter the market. In view of the availability of Grade A spaces with larger floor areas in the Whitefield submarket, most of the large sized transactions are expected in this submarket. With the active demand and limited availabilities in high quality supply, rentals are expected to you are looking for the residential projects in Bangalore for sale, then you will come to know that that there are enormous options available into the hand of the buyers. These properties include villas, condos, duplex, apartments, and studio apartments as well. Most of the properties in Bangalore for sale are from the areas of Devanahalii, Whitefield, Bannerghatta, Sarjapur, Malleswaram and others. hence these are the ultimate spots which is located right at the heart of the city.
Report for the property in Bangalore according to Vijay Singh of Mahaveer Enterprises states that due to having the close proximity to the International airport in Devanahalli, North Bangalore has been seen to have continuous rise in demand for the multi storey apartments During the month of April to June, the demand for the 1 BHK apartment has been seen to have increase in greater pace and the localities that have benefited a lot are KR Puram, Nagavara and Thanisandra. During the month of April to June 2012 quarter it has been seen that for the Bangalore propertiesthe demand for 1 BHK apartments in this area has reached upto 21%, while for January to March, the demand was at 5%. Hence the gap between the availability in both the quarter years was found to be in the range of 2-3%, highlighting the real estate market graph which shows that there is a gap between the demand and supply Ravindra Pai, MD of Century Real Estate Holdings Pvt Ltd predicts that the city will move towards the Airport, as the real estate Bangalore in this areais flourishing day by day.
According to The Confederation of Real Estate Developers’ Associations of India (CREDAI), the average Bangalorean is in demand of more space in Bangalore propertiesthan a Delhi or Mumbai buyer. A 2BHK apartment in Bangalore has the economy segment of around Rs 1,300 to 1,400 sq ft range, which is within the range of buyers. Some of the developers in this part of Bangalore includes Preeti Developers, Akshaya Developers, Columbia Developers, Millennia Ventures & Projects India Pvt Ltd etc.According toGopalakrishnan, apartments and villa properties are on offer. North Bangalore falls in the range of Rs 5,000-7,000 per sq ft, while the properties of Central Bangalore is in the range of Rs 20,000-25,000 per sq ft. Report by Knight Frank states that during the financial year of 2012, Bangalore has witnessed the launch of approx 9,700 units which is planned to get completed in the next 2-3 years, while nearly 1.19 lakhs residential units are under pipeline in the Bangalore market.