High Demand for Small Premium Apartments in Bangalore

June 20, 2007	(1 votes, average: 1 out of 5)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

Bangalore residential real estate cannot strike equilibrium between soaring demand and less supply of premium apartments in central locations such as Richmond Town, off MG Road, and Cunningham Road. Here, an increase in number of independent bungalows is paving way for small premium apartments.

Rentals in Bangalore are likely to fall in the long term in case the trend continues, predicts Cushman and Wakefield in its data giving a snapshot on the city’s residential market.

The south eastern parts of Bangalore will see an increase in supply over the next 12-18 months which may contribute to a marginal correction in these localities.

Taking the current and proposed supply, the Bangalore property market is likely to be in a stable mode, says data showcased in the report.

The city has several real estate projects to be taken up by first time developers, who commit superior quality developments more or less on a par with other Grade ‘A’ Category.

These constructions will come up in Whitefield, Sarjapur Road, Jakkur and Sahakarnagar.

Demand for residential property is shooting in other downtown areas of Bangalore. The trend seems to be encouraged by high rise apartments, developments, and large self contained complexes in main location like Outer Ring Road (ORR).

Major chunks of land are easily available in the areas like Bannerghatta Road, Kamnakpura Road, and Bellary Road at affordable prices.

News Published Under:   Bangalore |

Comments