Residential property advice

Analysis of new project launches

Analysis of area wise, location wise real estate prospects

Bangalore Residential Real Estate: Jan- March 2014

Overview

Bangalore continues to see robust absorption of residential supply in all most all price brackets.

After a record number of new project launches by all major developers through out 2013, big developers taking a breather.

Change of Government at state level and the National Lok Sabha elections, have temporarily slackened the approval process.

New project launches expected to gain momentum post June 2014.

Important developments

Golden Gate group has launched Bangalore’s tallest residential tower called the Presidential Tower.

Coming up at Golden Grand premises at Yeshwantpur. Rising to 50 floors, this beats Mantri Pinnacle (on Bannerghatta road) by 6 floors. Envisioned with a great sense of style, luxury and aesthetics and built with the latest global technology, this landmark project is also priced very attractively. Read more about it HERE.

Rajaji Nagar – Yeshwantpur - Tumkur road belt is seeing an uptick in residential project activity.

The factors driving this new attractiveness are 1.Spectacular success of Brigade Gateway 2. Completion and inauguration of the METRO rail services 3.Proximity to Hebbal and North Bangalore 4.Excellent connectivity to the rest of the city etc.

Major new projects are launched during the last few months in the Western part of Bangalore

This includes the Rajaji Nagar – Yeshwantpur - Tumkur road belt

1. Park west by Shapoorji Pallonji at Binny mills area ( 47 acres)

2. West Woods by Prestige Estates

3. One Bangalore West by Phoenix group

4. Indraprastha by Sobha

Bangalore developers are planning and executing really big

1.The new trend in Bangalore real estate is the new found inclination of the developers to plan and execute really big.

2.Earlier, Shantiniketan by Prestige in Whitefield was considered the biggest project.

3.In the last one year several projects like Bhartiya city on Hennur road, Prestige lakeside habitat in Whitefield among others, have pushed the envelope in terms of size, variety of offerings etc.

4.There are several new projects which are now in the pipeline from the likes of Brigade, Prestige, Mantri, Embassy, Total Environment etc. Bangalore developers are now graduating to creating mini cities.

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2.No brokerage charged for new project bookings made through us.

3.Standard commissions apply for resale property transactions.

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