Bangalore Real Estate Property - The New Valley of Residential Properties
Bangalore is said to the city which is developing very fast among the other cities of India. The credit of this fast growth goes to the establishment of the IT sector which ranks on the top of the list of the IT hubs of the country. The city of Bangalore is rich in its culture diversity and thus has opened its gates for all of the professionals from around the country. The infrastructure of this Silicon Valley of India is one of the best in the country. The real estate here is growing exponentially year by year and thus the options for a Property in Bangalore goes on to form a long list for the buyers. Some of the localities are in more demand than the other areas and these preferred locations of the buyers seeking for a Bangalore property includes the famous Whitefield, Sarjapur Road, Outer Ring Road and not forgetting to mention the North Bangalore property.
The real estate market of the property in Bangalore has been segmented into 4, the North Bangalore, the South Bangalore, the East Bangalore and last but not the least the West Bangalore. The most popular of these is the Northern region. Other than this, the East Bangalore has the USP of having the IT hub in proximity to Whitefield which is very popular for residential property in Bangalore. The demand pattern for the Bangalore property is expected to rise very high, the wait is just for the under construction projects and the expansion of the infrastructural development plans to complete.
If we look into the future of real estate market of the property in Bangalore, particularly in reference with the price trends of the popular and also including the developing areas, the graph will rise upwards in differentiated speed depending on the location in question. The main credits of the popularity of the Bangalore property buzz is shared with the phenomenon infrastructure surrounding all the sectors such as economic infrastructure, physical infrastructure and social infrastructure.
The real estate market of the property in Bangalore at present has many options, for instance the total number of residential projects are 6644 out of which 4492 projects are ready to be moved in and 1740 projects are under construction The property in Bangalore is witnessing a steep rise in the prices, in the past 12 months, the prices of the property here have increased at the rate of 13.6%. In the month of April in the year 2013, the average price of the property in Bangalore was Rs. 4065 per sq. ft. which now is Rs. 4618 per sq. ft.