Bangalore to Have Preference Amongst NRIs and HNIs

Bangalore is said to be the best real estate destination amongst the Non-resident Indians and High-Net worth Indians. The central part of the city is said to be on the top list of NRIs and HNIs residential buyers till now. However, there is a shift in the trends as buyers are seen moving towards the suburban areas for investment. The people are specifically opting for the southern part of the city. The southern localities are gaining popularity amongst the buyers as the area has growing urbanization, arrival of service industries and infrastructural advancements has led the area towards the high-ticket size of the real estate market.

According to the reports there is a noticeable hike in supply of luxury homes and ultra-luxury home segments in the region as opposed to the same section that is dropping in the central region. Also, there has been a rapid growth in the infrastructure of the real estate sector in the region. The IT industry is like a cherry on the top. Also, along with the increasing demand by the HNIs and NRIs, the Property in Bangalore is also witnessing healthy demand of premium properties from the top-management professionals of the organizations located here.

Along with this, the government is also taking the initiative for making the real estate sector in the region a profitable deal for the buyers. One amongst all the initiative includes, housing for all by 2022. Though the market needs to stable as this is affecting the number of launch that are taking place in the city as if there is no increase in the sold property, there are expectations of lesser lunches this year as well.

However, the localities in the suburban areas are witnessing a surge in supply of properties. The ultra-luxury houses are also recording significant sale in Koramangala and Jayanagar. People are investing more on the luxury housing sector as more and more people are finding them affordable as compared to other places and localities.

There are many new launches that are taking place in the city and many of them are lined-up with excellent infrastructure, gated communities, villas, bungalows and much more that are coming up into the city and thus people are keenly and willingly investing in property in Bangalore. The success of the real estate sector in the city is a clear symbol of the satisfaction that the investors are getting. The projects are constructed keeping in mind the requirement and demand of the potential buyers. Bangalore is of course the best investment option in today’s time as not only Indians but Foreigners are also investing in property in Bangalore. This is in-turn increasing the demand for residential and commercial property in the city.

Definitely, owning a property in Bangalore is sure going to get good returns on investment in the future. Significantly the outskirts of the city is also developing at a very rapid pace, making it a good option for the buyers a Buy Property in Bangalore.

Corporates Engaging Buyers Along Sarjapur Road Belt in Bangalore

Bangalore has been an attractive realty market since years. The city has numerous localities which are emerging as a hub for the real estate market. One such locality is the Sarjapur Road belt which is said to be a peripheral location in the south of Bangalore. Property in Bangalore is eyeing a lot of investment by the residential and commercial property buyers.

The area is gaining significance from the corporate occupier’s perspective. The stretch originates from the Outer Ring Road intersection and extends further up to Sarjapur town. Other important, significant roads Varthur Road and Hosur Road are situated to the north and south of the Road, respectively.  The Sarjapur Road is in the vicinity from the key developed markets of Whitefield, Koramangala, and HSR Layout among the other primary locations.

Active Commercial Markets

This belt is close to the Outer Ring Road and is one of the liveliest commercial hubs of the city. Earlier, the region had on one major IT companies but today it is famous for being a corporate hub with the host to numerous reputed IT companies.

Growth and Market Dynamics

As per the experts the stretch of Sarjapur Road that begins from Iblur Junction to Dommasandra Circle and then from Dommasandra Circle to Sarjapur village. The first stretch is primarily driven by the office developments in Bellandur and Kadubeesanahalli. Due to these developments in the city, the area is witnessing the construction of retail, offices and residential spaces. The area is experiencing not only the developments for offices but also witnesses’ development of IT campuses and IT Parks. Going forward, this stretch is expected to witness increased transaction when an 18 acre upcoming IT park and IT major’s second campus are on this road are operational.

Location in focus

The prime areas amongst Properties in Bangalore includes Kodathi, Doddakannelli, and Chikkanahalli where residential, commercial and retail growth is taking place. While the Sarjapur-Attibele belt is witnessing commercial and residential growth, Dommasandra, Sarjapur Village and Yanmar Village are emerging as residential regions. 

Office space leasing records new heights in Bangalore - Buy Property

According to the data, Bangalore has recorded the highest office space leasing during 2015 with the help of internet setups that took place in the city. Bangalore, the startup capital of India took around 12.3 million square feet of net leasing space exceeding the record of 11.3 million square feet that was seen in 2007. However, the total 12.3 million square feet of area was divided into different internet startups, and majorly was absorbed by consumer internet startups with 4.5 million square feet or 36%.

Reportedly, Bangalore has seen least vacancy of 4% in India among the top cities. Also, the national occupancy levels dropped to 17% in 2015 which directly signaled recovery of the economic activity.

Property in Bangalore has been the top destination for serious investors and it is said to be a phenomenal year for the office leasing activity in the city. Two of the India’s leading office space aggregators, RMZ Corp and Embassy Office parks have attracted Qatar Investment Authority and Blackstone Group respectively.

There are startups including Flipkart, Amazon, and Old who booked 2.5 million, 1.2 million and 3.5 lakh square feet areas in the Property in Bangalore during 2015. Also, there has been companies like Mercedes, KPMG, PwC and ANZ have also invested in buying office spaces in the city. Whitefield and Outer Ring Road has been the areas with highest sale of office spaces.Developers also believe that there was good demand of office spaces in Bangalore and across the nation there was seen some positivity in the long-term trajectory.

Also, Accenture, the largest office space tenant in Bangalore is looking for more space. IBM and Cognizant are also one of the most important companies as they have occupied big rented office spaces in the city. Although the experts believe that the main challenge will definitely be the ability to provide office spaces of quality and not the demand as there is no doubt that there will be a lot of demand of Office Spaces in Bangalore. Thus, definitely the Commercial Property in Bangalore is all set to get huge demand for office spaces and these demands will hopefully be fulfilled in the coming years.

Increase in demand for homes in Bangalore due to IT cluster - Property In Bangalore

An upcoming location in Bangalore is Varthur which is said to be well-connected to the city through Old Airport Road along with the periphery region through Outer Ring Road. Varthur is becoming an ideal destination for IT/ITES professionals due to the easy access to the location through Whitefield, Panathur, Sarjapur and Marathahalli.

There are numerous factors that are in favor of this region. The experts believe that the region will perform pretty well once it gets upgraded. Also, there are various expansions that are taking place on the Varthur-Gunjur belt, this is mainly due to the close proximity to Sarjapur Road and Whitefield. The Sarjapur-Marathahalli stretch of the Outer Ring Road is doing pretty well whereas Whitefield is a well-developed market. The region has picked up really fast as it is close to both Whitefield and Sarjapur Road.

The area has some well reputed schools that are functional in this belt. This is one of the key factors that are attracting the buyers to look and buy residential property here as this is either close to their children’s schools or either their workplace. Also, there are numerous residential choices that are located in and around the Varthur-Gunjur Road. The area has well-constructed social infrastructure with presence of various retail formats, international schools and healthcare amenities. Thus, the area is witnessing many residential transactions of late. There is an increase in the population due to the increased commercial and industrial activity. This definitely offers improved feasibility for the residential developments in the coming years.

The areas around the Varthur-Gunjur belt and Kadugodi are definitely emerging as a new housing areas in the Whitefield region. These are well-connected to Whitefield and ITPL main road along with the various parts of the city through National Highway 4. Varthur is famous for its extensive villas developments.

The villa projects in the region are located on an average area of 2,500 square feet to 5,500 square feet and these villas are priced from 9,000-11,000 per square feet. On an average, 5,000 housing units are under-construction in this area and most of the forthcoming supply is in the mid-segment group.

There is a lot of competition in the region when it comes to the villa projects which definitely makes it more preferable. Varthur has around 3,200 units of housing stock presently in the region. However, the major focus in on the premium segment in Whitefield main road, and the affordable residential category in located more towards this region. Definitely looking at all the infrastructural developments, the city has a lot of potential to command and grow in the future. Amongst all the Property in Bangalore, Varthur is one of the fastest developing region with great investment returns in the future. Buyers who are willing to buy residential and commercial property in the region should not waste any more time and instead should invest in property in Varthur and nearby regions.

A Boost to The Real Estate in East Bangalore

With the up-gradation of the Whitefield main road that leads to the Bangalore’s International Tech Park was said to be the turning point for the east Bangalore. The region is well-connected to the Old Airport Road and Varthur Road on one side and the Whitefield main road from the other side, the Old Madras Road from KR Puram and the Outer Ring Road at Marathahalli form another side. There are numerous international corporates that are settling down in ITPB and EPIP, other areas in and around Whitefield, Marathahalli, Varthur and other places. Places like Kadugodi and Hope Farm Junction have turned into a housing catchment with potential for good appreciation.

The infrastructural development will definitely ease the connectivity of the locations in property in Bangalore.  The extension of the metro rail from MG Road-Baiyappanahalli line to Whitefield will reduce the traffic as there is high density of population that commutes to this area for work. On the other hand, there will be a new metro line that will run between Marathahalli and Hosakerehalli in phase 3. There will also be 3 interchanges on this metro line which will connect to the Nagavara-Gottigere line, Kogilu Road-Carmelaram line and the BIEC-Anjanapura line. There are however, preliminary studies on the stations on the extensions and the route to Whitefield and the construction is all set to begin pretty soon.

Also, the up-gradation of the National Highway 4 to KR Puram on one side and to Kadugodi on the other, there has been a lot of residential developments up to Hoskote. The proximity to Whitefield and availability of land at comparatively cheaper and affordable prices has spurred the property in Bangalore and especially the residential property market in this region. Numerous integrated development projects are also coming up in this region. There is a mix of retail and residential projects that are coming into this region.

The Marathahalli-Sarjapur Road belt of the Outer Ring Road has the maximum number of IT/ITES companies. Many start-ups and corporates chooses this particular belt due to the continuous and smooth travel up to K R Puram on one side and Central Silk Board on the other. The Bangalore Development Authority will definitely put up two more flyovers here. An underpass and flyover at the Hebbal-Outer Ring Road junction will help the commuters travelling towards Nagavara. Also, there is another flyover that will be at the Doddanekundi-Outer Ring Road junction. These are planned to be finished in around two years, allowing continuous travel on the Outer Ring Road.

Definitely all these infrastructural developments will increase the Demand of Property in Bangalore and all the major regions that are mentioned and soon there will be boom on the real estate sector.

Real Estate on a go in Bangalore

The closeness of Whitefield to the IT hub, affordability of residential options are bringing back the real estate market back on track in the region and the focus is turning towards the Hoskote Road belt.

Whitefield has emerged as a self-sustaining township and has an impact on the locations along roads that connects the IT node to the east. Amongst many locations, one such location is Hoskote located on the outer limits of Bangalore.

Old Madras Road has observed significant development. The upgraded highway has reduced the travel time between Hoskote and Whitefield. This has directly advantaged the large land areas available at relatively affordable prices. All this has led to the increase in residential developments on the areas that connects these two locations.

The location is said to be located around 28 kms from the city’s centre. With an industrial park by the Karnataka Industrial Areas Development Board, the area has an upper hand than other places in the city. Amongst all the other properties in Bangalore, this area has an industrial zone here and there are many industries that are expected to come up on the main road.This area has opened up the demand from corporate employees since it is easily accessible from Whitefield and Marathahalli.

This area basically catered the 2-3 bedroom configurations in the residential apartments. Property in Bangalore is focusing more on residential apartments as the demand of the same is increasing. Along with the coming up of companies and organizations, the demand by professionals is also increasing rapidly.

Demand for commercials is also increasing rapidly with IT companies coming up in Whitefield, also, industrial airport and the hardware aerospace park are also coming up. This area has also observed industrial investment from Japanese firms. Thus, Making Property in Bangalore an apt option for residents and professionals.

Affordable housing developments are picking up pace in the region as people are more inclined towards these projects by reputed and renowned residential developer. The area is emerging as a major residential hub. There are many affordable as well as luxurious apartments that are coming up in the city depending upon the demand of the buyers.

Youngsters are showing a lot of interest in buying property in these areas as they are offering them urban infrastructure with all the world-class amenities to lead a luxurious lifestyle. These projects are giving the biggest advantage of affordability and easy accessibility to other localities in the region.

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