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The Information Technology (IT) and the Information Technology Enabled Service (ITeS) industries have not only played a great part in the development of the economy of the country, it has also added to the growth of the real estate sector. It is a fact that any city which has a strong presence of these sectors has scaled real estate heights. Cities like Chennai, Hyderabad, Bangalore and Pune are prime examples of this phenomenon.

The realty market in Bangalore is especially dependent on the IT and ITeS sectors. For a long time now, the city has been a one of the top choice for these two industries. Areas which have a good presence of these companies have seen a good deal of real estate development and have become quite popular among home buyers. Peripheral areas in the city are quickly becoming the go to locations for these sectors as there are large parcels of land available in these regions. They are also available at very cheap rates. Infrastructural developments in the city have ensured that the peripheral areas are well connected. This has ensured that the interest of the IT giants in these areas does not waver.
Here is a look at the top 3 IT destinations in Bangalore which have caught the attention of buyers looking for a property for sale in Bangalore.

Electronic City

No talk about the influence of IT industry on the city is complete about without the mention of Electronic city. It is one among the largest IT hubs present in the country. The micro market consists of three zones called Phase I, II and III. The going rate for a property for sale in Bangalore which is located here stands at INR 4300 per square feet on average. Residential plots for sale in Bangalore which are located here can cost INR 1500 per square feet on average. There is increasing demand for affordable and mid segment properties in this part of the city.

Marathahalli

Marathahalli is another IT hub which buyers are really getting behind. This suburb which is located in the south eastern part of the metro has benefited greatly from the IT boom. The area which was once a village and is now a booming real estate hub all thanks to the IT boom. The going rate for a property for sale in Bangalore which is located here stands at INR 4500 per square feet on average. The average asking price for residential plots for sale in Bangalore which are located here stands at INR 4900 per square feet on average. One would need at least INR 50 to 70 lakhs to purchase an apartment in Marathahalli.

Whitefield

Whitefield was once a preferred settlement of the Anglo Indian community. It is now a preferred settlement for those who are working in the IT sector. The IT boom has transformed this micro market into a thriving real estate hub. The going rate for flats here stands at INR 3700 per square feet on average.

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The real estate scenario in the southern cities of India has been quite different when compared to what is happening in most of the northern markets of the country. While the scene in the northern markets has been rather grim, the southern markets have been showing signs of stability and growth. The two major cities which have been in the forefront of this real estate wave are Bangalore and Chennai. Hyderabad will have to be excluded from this list as the realty market there is still in the process of recovering from the political turmoil inflicted on it for quite some time.

Real estate in Bangalore is growing at a good pace. The city has everything for everyone, right from affordable housing to luxury projects. The city is primarily dependant on the Information Technology and Information Technology Enabled Services sectors for its growth. The areas which are most in demand are located in and around the IT clusters. Northern parts of Bangalore are also getting increasing traction on the real estate front. There is increasing appetite for luxury housing in this city as High Net worth Individuals and Non Resident Indians are coming into this market.

As far as Chennai is concerned, the market is still very much an end user driven one. As such is it very isolated from the market fluctuations experienced up north. Chennai residential properties which are located in the southern parts of the city are heading towards saturation. It the northern and western parts of the city which are booming real estate wise. Properties such as Chennai studio apartments and plots which are located in these parts are fetching great returns for buyers.

Areas in the north part of the city are becoming quite popular among property seekers. This is because the infrastructure there is rapidly improving. Some 20 years ago no one would have thought about investing in Chennai residential properties which are located in the north of the city. But now end users and investors are flocking towards the micro markets of the north to make purchases. Areas like Perambur, Ambattur, Madhavaram and Kolathur are grabbing the attention of developers and buyers. The reasons for this are very simple. There are still large parcels of land available here and at cheap rates at that. One can easy purchase properties between INR 30 to 50 lakhs here.

Another area of growth is the western parts of the city. Areas such as Porur, KK Nagar, Ashok Nagar, Vadapalani, and Iyyapathangal are also quite popular among buyers. The micro markets here are relatively affordable when compared to those in the central and southern parts of the city. They are also well connected to the central business districts of the city, which is a factor that has worked in the favour of micro markets here. The GST Road stretch and the micro markets of this part of the city have also found favour among buyers. There is good demand for Chennai studio apartments which are located here.

Source: http://indianewproperties.blogspot.in/2015/03/a-look-at-most-desirable-realty.html

The real estate story of Bangalore is linked to the Information Technology success story of the city. Bangalore is known as the “Silicon Valley of India” and not without reason. If Mumbai is the financial capital of the country, then Bangalore is its Information Technology capital. When a strong drivers of employment are found in an area, the place automatically generates real estate interest. Those who are employed through these drivers prefer to either buy or rent properties in areas which are close to the drivers. This is true of real estate in Bangalore.

In Bangalore, the localities which see maximum traction are the ones with the presence of a strong employment driver which is usually connected to the IT and Information Technology Enabled Services sectors. One such example of this phenomenon is Electronic City. It is considered to be one of the largest IT parks in the country. It is spread across 332 acres and is located in the Anekal district of Bangalore. It is home to over 180 IT/ITeS companies.

The connectivity which this micro market experiences is phenomenal. The National Highway 7 which connects Bangalore with Hosur in Tamil Nadu passes right through this area. Besides the IT factor which has had influence on the property purchases made in this area, the marvellous connectivity experienced here has also added to the demand for apartments in Electronic City. The other major connectors which lie in close proximity to this locality are the Nice Ring Road, the Bannerghatta Road and the Silk Board Junction.

According to data from IndiaProperty.com the going rate for apartments in Electronic City were priced at INR 3200 per square feet on average in the first quarter of 2014. An individual house for sale in Electronic City as per the data from IndiaProperty.com was priced at INR 5800 per square feet on average in the same time period. Plots here are priced anywhere between INR 1500 to 1700 per square feet on average.

Here is a quick look at the buying patterns in this part of the city. 2 BHK apartments in Electronic City were the most in demand apartment configuration among property seekers. 3 BHKs were not very far behind as the second choice. Medium sized flats were sought in large quantities by buyers. The most preferred unit size for flats here falls between 751 and 1250 square feet. Buyers were willing to spend anywhere between INR 20 to 30 lakhs on properties here. This is followed by the INR 10 to 20 lakhs range. Buyers want to spend less than INR 2000 per square feet on flats in this micro markets.

The majority of those living here are white collar professionals who want live close to their place of work. One can seriously consider investing in a house for sale in Electronic City with an eye on future appreciation. The social infrastructure present here is quite good as well. Taking all these factors into consideration one can easily buy into the real estate present in this micro market.

Bangalore is fast developing into becoming a city that is offering an array of housing options ranging from being affordable to mid-segmented to even ultra luxurious homes. So it isn’t surprising to see property prices hitting an all time high. Despite the expanding peripheries- the capital values of homes continue to soar. However, the trend to offer balanced homes is taking the city by storm. Real estate developers are leaving no stone un-turned when it comes to developing a suburban skyline- however they meeting the demands of both the MIGs (Middle Income Group individuals) and the HNIs (High Net-worth Individuals). And one such locality that is attracting potential homes buyers in Whitefield. Properties in Whitefield not only lure the white collared professionals from the neighbouring IT parks, it is also enticing many affluent to reside- thanks to its growing social infrastructure.

The rapidly developing commercial belt and seamless connectivity make Whitefield’s pin code one of the most coveted neighbourhoods. The proximity to many IT parks makes this area self sufficient micro market and with the area becoming one of the most sought after- local and national real estate developers are coming up with an array of apartments in Whitefield. Apart from providing economical homes that fall well withing the budget of Rs 50 lakhs, the area has a wide range of premium homes. Offering exclusive luxurious homes to the affluent, the luxury segment has an array of homes that range between Rs 1 crore and Rs 3 crore, depending on the amenities and facilities offered by the developer.

Some of the active residential pockets that lure the rich and the famous include Whitefield Main road, Brookefields and Varthur Main Road. Properties in Whitefield in these sub localities are dotted by many gated communities and high-end row houses township projects. The concept of vllament too has caught up and property builders are purchasing land in large parcels only to build extraordinary capital ventures. While 58% of the realty developments cater to the affordable segment, 22% of housing units are specifically built to meet the needs and demands created by the senior executives and NRIs (Non Resident Indians).

With IT professionals shifting their base here, there seems to be an inherit demand for many smaller units. Many 2 BHK homes that have a carpet are of 900 and above are cited to cost anywhere between Rs 3,300 and Rs 8,100 per square feet. Apart from these, apartments in Whitefield that offer generous living spaces are estimated to hover over a price bracket of Rs 8,300 and Rs 13,600 per square feet. These ultra luxurious apartments usually lure many locals living abroad- who later rent out these generous spaces out to expats on rent.

Apart from being an end users the market, the neighbourhood’s realty sector is fast moving towards becoming a rental hub. Offering homes at every given budget- the locality is cited to be one of the most preferred investment destination. Properties in Whitefield not only promise high ROI (Return on Investment), they also offer formidable rental returns. For instance, a 3 BHK property is purchased at an average budget of Rs 45 lakhs is likely to generate a rental yield of Rs 25,000 per month making the vicinity a haven for many second time home buyers and investors.

If you are looking to invest in the Bangalore real estate market, KR Puram is one developing locality you can look at. Connected by three arterial roads the National Highway 4, State highway 35 and the Outer Ring Road, this emerging locality shows great prospect. Situated in the north east part of Bangalore, KR Puram has come on the real estate limelight with its close proximity to other prominent localities like Whitefield and Marathahalli. Proximity to the IT centres have created good traction in the KR Puram real estate market.

According to a recent report by advisory and research report put out by global real estate consultants Knight Frank, “In the five year period between 2013 and 2017, Hebbal and K R Puram are expected to see an average price appreciation of 94% and 91% respectively. These two destinations are on Knight Frank’s list of top ten Indian destinations to invest in. demand for office space in Bangalore in the next five years would be 44.4 million sq. ft, driven by the IT/ITeS, biotech, and aerospace sectors. Of that, 60% would be in the North and East corridors of the city, close to Hebbal and K R Puram. In Hebbal, the stock of residential apartment units in 2007 was just 300, which in 2012 has risen to about 1,800. That’s a growth of 500% in five years. Similarly, K R Puram has seen a 200% growth in inventory of apartment units, from 2,000 in 2007 to 6,000 as of September 2012.”

KR Puram is a good investment for more than one reason. The locality has its own railway station and the Bangalore City railway station is also only 14 km away from the locality. KR Puram will receive the metro connectivity as and when Phase 2 of the metro completes. For now the nearest metro station to KR Puram is the Baiyappanahalli metro station. KR Puram has good facilities in and around the locality for its residents. It is said to be complete with all the social infrastructure facilities. With the metro coming up the price of properties for sale in KR Puram has gone up considerably.

According to recent property prices one can invest in an apartments in KR Puram for INR 3000 to 4500 per sq. ft. Other properties for sale in KR Puram such as plots will cost you anywhere between INR 3200 to 5500 per sq. ft. 46 % of the total project are apartments in KR Puram followed by independent homes and plots. There has been a reasonable appreciation for properties in KR Puram. Apartments saw a 3% property appreciation and on the other hand price of villas have come down by 9%. The market is new and there are different trends that one can notice. Mid-range and affordable homes seems to be the highest selling properties in KR Puram. Similarly medium size housing units are also the top selling property type. Metro connectivity once functional will be the game changer here.

With central localities reaching saturation points, a number of peripheries and suburbs have fast developed into becoming most sought after micro markets. And one such market that is bustling with an array of construction activities in HSR Layout. Strategical situated between Sarjapur Road and Hosur Road, the vicinity is cited to be one of the most preferred realty destination of Bangalore. The 1,500 acre neighbourhood offers the perfect mix of residential and commercial spaces making the locality a hub for the cosmopolitan crowd.

Apart from the growing commercial belt- the green canopy is another factor that is enticing many property builders. The serene environment, the large green parks create the perfect background for premium homes- and builders are leaving no stone un-turned when it comes to creating extraordinary living spaces. Both local and national real estate developers are purchasing large tracts of land to build marvelous capital ventures. Apartments for sale in HSR Layout are selling like hot cakes. According to recent reports, the influx of housing demand has reached such a point that the absorption rate of housing units has crossed 60%. Depending on the amenities offered by the builder an apartment for sale here is expected to cost an average of Rs 4,700 per square feet.

Owing to the presence of land in large parcels, the area is cited to develop further. The insurgence of many residential projects along areas beyond the BDA (Bangalore Development Authority) layout are cited to be residential hotspots. Some of the active residential catchment areas include- Venkatapura, Somasandrapalya, Hosapalya and Parangipalya. Luring potential home buyers with their world class facilities, a house for sale in HSR Layout, especially in any of these sub-localities is expected to hover over a price bracket of Rs 7,900 and Rs 10,200 per square feet.

Another factor that has played a pivotal role in flourishing the area’s realty sector is its seamless connectivity. HSR Layout’s proximity to ORR (Outer Ring Road), Hosur Road and Sarjapur Road has enticed many working professionals from neighbouring SEZs (Special Economic Zones) to shift base here. The upper middle class white collared professionals are renting out various properties here. If you are finding it really difficult to zero down on a liable property worry not, check out the IP verified listing on IndiaProperty.com. Second time home buyers and investors are now tapping into the growing rental demand and are letting out their spaces only to earn fruitful returns.

With there being an inherit demand for 2 BHK homes, it doesn’t come as a surprise to see property prices soaring. According to data, rental yields in this vicinity have witnessed a 16% escalation. On an average, home here are estimated to churn a rental yield anywhere between Rs 16,000 and Rs 25,000 per month depending if the homes are semi or fully furnished.

So if you are looking to investing in properties that promise high ROI and also generate high rental yields- HSR layout is the place for you.

Hyderabad real estate is seeing a sudden shift in the recent times. This growing market was pulled down by the constant political and economic uncertainty in the entire state. Although experts suggest that things will change by the last quarter of 2014, things have still not revived from last year’s political trouble. Studies and research has been done to understand the current trend in the Hyderabad realty market.

According to reports, the residential housing segment was affected the most with 4% dip in overall sales by the end of 2013. The market has mostly remained stagnant with low absorption levels. The number of new projects in Hyderabad also dropped by nearly 15% compared to 2012. The year 2013 saw most residential markets like Chennai, Mumbai and Hyderabad witness a gradual slow-down. The sluggish economic growth, high interest rates and inflation has caused this temporary period of lull. Compared to other IT/ITes driven markets like Chennai and Bangalore, Hyderabad has shown only 13% increase in residential housing prices. In conclusion Hyderabad is the most affordable residential housing market in metropolitan India. Top-end flats in Hyderabad, at luxury residential areas like Banjara Hills and Jubilee Hills range between INR 6500 to 7500 per sq. ft.

The commercial real estate in Hyderabad has also witnessed a depreciation. There has been a considerable fall in the rentals in 2013. Reports suggest that Hyderabad is least expensive office market in the world overtaking the latest office market of Indonesia. The falling value of the Indian rupee has also affected the rental trends here. There has been a considerable fall in commercial real estate in Hyderabad with rentals at INR 58 per sq. ft. in 2012 to INR 45 per sq. ft. in 2013. Hyderabad was followed by Chennai, Pune and Bangalore for the least expensive office spaces in the world, according to reports.

An emerging trend in the Hyderabad realty market are senior citizen apartments or homes. Retirement home seem to be the new target market for many realtors across all metros in India. Reports said that there are around 30 senior living projects in major metros including Hyderabad. With prices being relatively low here, chances are that market will witness a growing demand for such projects. Not only multi-storeyed apartments but senior citizen friendly individual house for sale in Hyderabad will see a gradual demand.

Talking about trends in the Hyderabad realty market, another important development here are the upcoming green building. Reports suggest that since amendments were made to the Andhra Pradesh Building Rules, the builders will lean towards environmentally friendly, greener ways of construction. In Hyderabad alone more than 100 apartment projects have rain-water harvesting and solar panels in place. This in not restricted to residential spaces only. Commercial developments also adhere to rules and regulations formulated by the Indian Green Building Council (IGBC). Individual homes are also encouraged to have compost pits at home to reduce household waste in the city. Environment friendly practices are sure to Hyderabad a clean and green city.

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