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Bangalore Property Market Price Trends!

Karnataka’s heart beats strong amidst the sky kissing condominiums of its own capital ‘Bangalore’. The city has received many nicknames for the different worlds it offers to the different residents. Some people call it a garden city for its “well planned open spaces”; while others refer Bangalore as “pensioner's paradise” for the lovely climate it boasts throughout the year. Many multi-national firms are headquartered in Bangalore. The excellent education system of the city is considered as the precursor to the flourishing of IT industry in the city. Currently, Bangalore houses about 47% of the 265 biotechnology companies present nationwide. If we talk about the Real Estate in Bangalore, thousands of migrants flock to the capital every year for serving their job or education prospects; leading to high demand for property in the city.

 
Infrastructure & Connectivity
Rich in infrastructure, the IT capital of the country homes the third busiest airport in the country in terms of traffic. Apart from that, Bangalore is well connected to the other parts of the country via its four major railway stations. The metropolitan transport corporation (both) buses are one of the common modes of transport used by the people and the city boasts a wide taxi and air-conditioned Volvo bus network to add on to the ease of the commuters. City’s metro system is soon going to be fully operational, which would connect Yeshwanthpur, Hebbal, Marathahalli, and Sarjapur after its commencement. A 41-km monorail project that would run from hebbal to JP Nagar is also proposed and would soon come under implementation.

 

Demography
Bangalore is said to be one of the most populous cities in the country. The city’s population has increased from 5.1 million in 2001 to 8.4 million in 2011, showing a population increase of over 65.2 percent. The population density of the city is 4,381 people per square km.

 

Life Style
Bangalore is said to be one of the most sought after cosmopolitan cities for its pulsating nightlife, diverse cuisine, music, street food and film industry. Bengaluru is one of the best cities countrywide for a music freak. A person could witness umpteenth rock concerts within the precincts of Bangalore. One could shop to his/her heart’s content in the areas like Whitefield, which have major shopping avenues like Grandmall and Marketcity. Bangalore has hubs like whitefield, where you can find major shopping avenues. The city is often referred as the pub capital of India and houses many clubs and bars in its precincts. There are also indoor snow theme parks, for ex- snow city, which is one-of-its-kind in India.


Some Key Localities in Bangalore are: Whitefield, Yelahanka, Indiranagar, Sarjapur Road, Koramangala, Marathalli, BTM Layout, Bannerghatta Road, Electronic city, Hennur Road, Hosur Road, J P Nagar, Hebbal, etc.


Real Estate Market
One of the most peculiar features of Bangalore Real Estate is the projects presented by the developers. The builders give their best shot and present the investor with a property that matches world class standard. Some of the renowned builders in Bangalore are: Vaswani Group, Godrej Properties, Embassy Group, Sattva Group, Century Real Estate, etc.

 

Projects in Bangalore
One can find a wide range of Property for sale in Bangalore. From affordable to luxury, and from residential to commercial, one can find all kinds of properties at great deals in Bangalore.

 

Govt. Projects in Bangalore
Bangalore Development Authority OR ‘BDA’ has invited applications for the allotment of 3280 flats in multiple housing projects. These projects will be located in different areas of Bangalore. The registration for the scheme has been commenced from 13 January 2016. It is a new housing scheme from BDA Bangalore.

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  • Sales Price Trends in Bangalore

  • Property Distribution @ Realestateindia.com

  • Locality Price Range (Rs./Sq-ft) Average Price
    (Rs./Sq-ft)
    Apr 2018
    vs
    Jul 2018
    Richmond Town 9667 - 10000 9833.5 0%
    Koramangala 7800 - 9274 8537 9%
    Hebbal 7467 - 9579 8523 0%
    Kr Puram 6095 - 6099 6097 0%
    Yeshwanthpur 5872 - 7817 6844.5 0%
    ITPL 5618 - 8743 7180.5 0%
    Thanisandra 5209 - 6523 5866 15%
    Hessarghatta 4237 - 5932 5084.5 0%
    • 49% - Apartments / Flats
    • 26% - Residential Plots
    • 2% - Builder Floor
    • 21% - Independent House
Disclaimer : The Price Trend of different location has been compiled from the asking price of the database of properties listed on RealEstateIndia.com and are not based on the actual transactions. Therefore RealEstateIndia.com does not give any guarantee of the accuracy, reliability and completeness of any information and data should be verified independently.

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