Bangalore is among the fastest growing city in India. The Information Technology sector has played the major growth factor in the development of Bangalore realty. Bangalore is a unique city and is home to multi-cultural population that offers excellent social infrastructure and best educational institutes. The Outer Ring Road, Whitefield, Sarjapur Road and North Bangalore are some of the areas that are leading the race in the real estate market.
Luxury Market
Being the third largest region for high net worth individuals, Bangalore is easily home to thousands of millionaires. The reason is, most of the expatriates making a living in this city after their assignments in abroad. One can find well cultured people in this destination who have sophisticated taste. Lately, there has been an increased demand for luxury residential apartments in Central Business District, North Bangalore area, Whitefiled and Outer Ring Road. Moreover, the luxury market is expected to be steady on a short term basis.
Mid- Income Market
The Mid-income market is mainly driven by the techies in the IT and IT Enabled Services industry. Factors like good social infrastructure, nearby work places, physical infrastructure and access to medical and education facilities are strong driving factors to boost the mid income real estate market. There have been positive signs of growth as well as a steady demand in the mid-income segment in areas like Whitefield, Electronic city, ORR IT corridor and North Bangalore.
Affordable Housing
The affordable housing segment has been targeted at the price sensitive buyers, and is mainly developed in the suburbs of Bangalore. The suburbs such as the Mysore road and the Kanakapura road are witnessing high demand in this segment. Exclusive developers like Puravandara, Shriram Properties, Brigade group, Ozone group, Golden Gate and Nitesh Estate have ventured in this arena and meet the needs of the customers. Affordable housing is accomplished by reducing the unit sizes and compromising on certain civic amenities to fit within the budget. Further, the planned metro rail project and peripheral ring road have created demand for the outskirts projects.
To find and buy a property in Bangalore, Please visit http://www.realtycompass.com/real-estate-in-bangalore
Source: http://www.realtycompass.com/wp/advisory/
Luxury Market
Being the third largest region for high net worth individuals, Bangalore is easily home to thousands of millionaires. The reason is, most of the expatriates making a living in this city after their assignments in abroad. One can find well cultured people in this destination who have sophisticated taste. Lately, there has been an increased demand for luxury residential apartments in Central Business District, North Bangalore area, Whitefiled and Outer Ring Road. Moreover, the luxury market is expected to be steady on a short term basis.
Mid- Income Market
The Mid-income market is mainly driven by the techies in the IT and IT Enabled Services industry. Factors like good social infrastructure, nearby work places, physical infrastructure and access to medical and education facilities are strong driving factors to boost the mid income real estate market. There have been positive signs of growth as well as a steady demand in the mid-income segment in areas like Whitefield, Electronic city, ORR IT corridor and North Bangalore.
Affordable Housing
The affordable housing segment has been targeted at the price sensitive buyers, and is mainly developed in the suburbs of Bangalore. The suburbs such as the Mysore road and the Kanakapura road are witnessing high demand in this segment. Exclusive developers like Puravandara, Shriram Properties, Brigade group, Ozone group, Golden Gate and Nitesh Estate have ventured in this arena and meet the needs of the customers. Affordable housing is accomplished by reducing the unit sizes and compromising on certain civic amenities to fit within the budget. Further, the planned metro rail project and peripheral ring road have created demand for the outskirts projects.
To find and buy a property in Bangalore, Please visit http://www.realtycompass.com/real-estate-in-bangalore
Source: http://www.realtycompass.com/wp/advisory/
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