The real estate situation of Bangalore has been the talk of the town over the last year or so. This city has become popular among home buyers who are looking for properties in all segments. The real estate sector here can boast and say that it is one among the few to be doing brusque business in the entire country. There has been a healthy demand for housing being witnessed in this city. Reports doing the rounds in the media have been constantly harping on the fact that the residential absorption rate in this market has been consistently high in all the quarters of 2014. The figures according to these reports have seen a remarkable growth when compared to 2013. This kind of growth has not been seen in any of the major metros across the country. In fact some markets have been witnessing a slump.
One of the main factors that is driving growth here is the Information Technology industry. If this industry is a positive zone, then the real estate industry will also prosper. If there is a slump in the IT industry the real estate market will also face a slump. Currently the IT industry is experiencing a positive growth spurt and this is aiding the growth of the real estate sector.
Another factor to take into consideration is pricing. Bangalore property prices can range between INR 5000 to 30000 per square feet according to reports. This shows that there are both affordable housing options and luxury housing options available in the city. In 2015, Bangalore property prices are looking to go up. There is a voracious appetite for the affordable housing segment in the city.
Here is the buyer's preference for the year 2014:
A 2bhk flat for sale in Bangalore has been on the top of most buyers' purchase list. They are also looking for 3 and 4 BHKs here. Apartments ฝากขายทาวน์เฮ้าส์ which are sized between 1001 to 1250 square feet came out on top as far unit size preference is concerned in this market. This is followed by the 1251 to 1500 square feet range and the 751 to 1000 square feet range. The most preferred budget range for apartments here falls between INR 30 to 40 lakhs. This is followed by the INR 40 to 50 lakhs range and the INR 20 to 30 lakhs range. Buyers were looking to buy properties in Bangalore which were priced less than INR 2000 per square the most in Bangalore. This is followed by the INR 3001 to 3500 per square feet range and the INR 3501 to 4000 per square feet range.
Some of the top localities amongst the buyers are micro markets which have a good presence of the IT and ITeS companies. Micro markets such as Electronic City, Sarjapur Road, Whitefield, Marathahalli, KR Puram and Yelahanka have emerged as top choices among property seekers here. A property such as a 2bhk flat for sale in Bangalore which is located in these micro markets have been selling like hot cakes.
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