From a recent study by the global real estate consultant Cushman and Wakefield excerpts state that areas like Hosur Road, Sarjapura Road and Electronic City have registered the maximum number of new launches in Bengaluru. The report says that out of the 4100 new launches in Bengaluru in the first quarter of 2015, 41 percent of these were in the South-East submarket of Bengaluru, mainly in areas along Sarjapura Road and Hosur Road. The price appreciation in the middle segment was noted to be in the range of 3 to 9 percent on a quarter-on-quarter basis.
This is also true that the city registers an all-time high of unsold stock of more than 1.01 lakh units of unsold inventory amounting about Rs. 85 thousand crores in revenue terms. This does not mean there is no demand and new launches are restricted, opines the expert realtor. It is true that huge demand exists in the higher luxury segment where per square feet ranges from Rs. 20, 000 to Rs. 30, 000 and also there is corresponding demand in the lower segment too. But in the areas along Sarjapura and Hosur road the new launches have been noted in the mid segment.
This is also true that the city registers an all-time high of unsold stock of more than 1.01 lakh units of unsold inventory amounting about Rs. 85 thousand crores in revenue terms. This does not mean there is no demand and new launches are restricted, opines the expert realtor. It is true that huge demand exists in the higher luxury segment where per square feet ranges from Rs. 20, 000 to Rs. 30, 000 and also there is corresponding demand in the lower segment too. But in the areas along Sarjapura and Hosur road the new launches have been noted in the mid segment.
The market watchers and the statistics point out that there have been two significant positive market movements that were observed in the first quarter of 2015. The first one being a rise in the net absorption rates in the market and the second being a rise in the new launches too. It is interesting to note that there has been a rise in the new launches in the last quarter despite such marked unsold stock. The micro-market watchers have noted that much of the pre-launch activity has taken place in the areas along Sarjapura Road, Bannerghatta Road and Hosur Road.
In this situation the market trend watchers opine that the market seems to be stable and the prospective buyers can go in for a plunge in the next six months. They opine that there is a possibility that the market will become buyers’ market but this can be comfortably proclaimed that the market isn’t either seller driven too. It will take time for the market to become buyer’s market where the chances of negotiation of the buyer will be likely to bear more fruit.
In this situation the market trend watchers opine that the market seems to be stable and the prospective buyers can go in for a plunge in the next six months. They opine that there is a possibility that the market will become buyers’ market but this can be comfortably proclaimed that the market isn’t either seller driven too. It will take time for the market to become buyer’s market where the chances of negotiation of the buyer will be likely to bear more fruit.
Available Housing Options
The market watcher opines that average capital value of the properties in Electronic City is in the range of Rs. 3, 000 to Rs. 3, 900 per square feet. In Hosur Road it varies in the range of Rs. 3, 600 to Rs. 5, 000 per square feet. In areas along Sarjapura Road the prices vary from Rs. 4,100 to Rs. 5, 800 per sq. feet. The 2 BHK apartments are mostly around 550 to 1150 square feet and the 3 BHKs are around 1100 to 1300 square feet in size. The properties are available from both renowned and local developers in any area.
Apartments in Bangalore East
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South East Bengaluru offers most available new launches even as the unsold stock piles up
From a recent study by the global real estate consultant Cushman and Wakefield excerpts state that areas like Hosur Road, Sarjapura Road a...
