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How is the Bangalore real estate market currently?

Rimmi

April 19, 2021

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0 2021-05-12T17:09:54+00:00
Despite pandemic, Bangalore real estate market has maintained a steady graph. Although it came to a brief halt but there were a few reasons why Bangalore’s real estate market recovered quickly. A few of the reasons were; reduction in stamp duty (from 5% to 2% for property up to Rs. 20 lakhs, and from 5% to 3% for property between Rs. 21 lakhs and Rs. 35 lakhs), availability of online procedures for buying and selling of properties via various online portals, and of course excellent development projects which have been completed or are in the pipeline. At the moment the following localities in Bangalore have properties that are decently priced for their offerings. 
Locality Avg. Price Per Sq. Ft. (in Rs.)
Electronic City 5603
Whitefield  7901
Krishnarajapura 6323
Yelahanka 6737
Banashankari 8722
Bellandur 8274
Horamavu 6173
Bommanahalli 6287
Mahadevapura 7719
Let us look at some of the top preferred areas in Bangalore by real estate investors and developers.
  • Electronic City, Bangalore
Electronic City is located in South Bangalore and offers everything from residential complexes, access to top commercial spaces and a well-built physical and social infrastructure. All these conveniences attract many real estate enthusiasts and investments in majorly 2BHK and 3BHK housing units. This area has a buzzing nightlife and offers almost everything one can ask for, from bars, pubs to quaint restaurants, you can have it all. Buy your dream home in Electronic City, Bangalore on NoBroker
  • Bommanahalli
Another hotspot for real estate investors is Bommanahalli. Located adjacent to Hosur Road and NH44, Bommanahalli is a hub of residential and commercial complexes. It is within close vicinity of prime locations in Bangalore such as BTM Layout, HSR Layout and Koramangala. As these are the major areas of employment in Bangalore, many office goers prefer to invest in properties situated in this location. Apart from this, there are many educational institutions located in this area which attracts a host of students who look for PGs and flats. Find flats and apartments on sale in Bommanahalli on NoBroker
  • Krishnarajapura
Krishnarajapura or KR Puram is located at the junction of Old Madras Road and Outer Ring Road. This locality has excellent connectivity to the other states because of KR Puram Railway Station. KR Puram has seen a significant development in terms of social and physical infrastructure. Many schools, hospitals and other utilities and amenities can be found here easily. People employed in Whitefield, Marathahalli, ITPL prefer housing in this area. Check out flats on sale in KR Puram Bangalore on NoBroker Going by the trends of previous years, Bangalore will remain among the top most preferred investments areas for real estate developers and investors. 
3 2021-09-29T17:21:58+00:00
Bangalore is considered one of the major skill centers in India. It attracts a wide number of startup enthusiasts, corporate investors, skilled workers, and the migrant workforce. This is why rental properties in Bangalore usually have high demand throughout the year. Let’s read about current Bangalore real estate news: Rent of residential properties has fallen by 10% to 15% in some parts of Bangalore due to the covid pandemic. Many properties, particularly flats, are vacant as tenants who went to their homes due to the pandemic are yet to come back. Current Real Estate Market in Bangalore 2021
Locality Property Type Current Monthly Rent Previous Monthly Rent
Dollars Colony-RMV Extension Stage 2 4-BHK Rs. 45K Rs. 50K (March 2020)
RT Nagar 3-BHK independent house Rs. 31K Rs. 35K
Hoodi near Whitefield 4-BHK apartment Rs. 21K Rs. 25K (Before the pandemic)
Vijayanagar 1st Stage 2-BHK house Rs. 19K Rs. 25K (around April 2021)
  Monthly rent in Kalaburagi, Belagavi, Hubballi-Dharwad, and Mangaluru has also decreased. I also want you to know that monthly rent in areas like Sadashivanagar, Jayanagar, and Indiranagar haven’t been affected much. Prices for ready-to-move properties witnessed a slight decline of 0.3 percent between April and June this year in comparison with the same period last year. Property buyers prefer under-construction properties, and this is why the prices for such properties went up 3.1 percent in comparison with April-June last year. If I talk about the residential market, then people are preferring premium properties that cost more than Rs. 7K per sq. ft. Bangalore Real Estate Market Forecast 2021 Thanks to the low home loan interest rate of 6.65%, developers in Bengaluru hope to capitalize on the existing demand for mid-income and affordable housing units in 2021. As per the reports, the Bangalore real estate market is slowly getting back to normal and is predicted to recover faster than any other market. I hope you like this Bangalore real estate news!
2 2022-02-03T18:47:52+00:00
Bangalore is a city of dreams for every young adult. Be it an engineer or a marketer, everybody wants to try their luck to explore their new talents, to explore their new self. Apart from start ups, entrepreneurship the city provides excellent academic centers as well as medical centers. Apart from that, the Silicon Valley of India is well known for its perfect weather. So, the Bangalore real estate market has high demands for properties and the demand is increasing day by day.  Although India witnessed three significant Covid waves, the real estate Bangalore trend never failed to surprise us. In 2020 Bengaluru witnessed a rise by 33% from 24,910 units in 2020 to 33, 080 units in 2021 in housing sales. Also, the real estate market in Bangalore was successful because the city witnessed a 43% rise in new launches. Bengaluru added 30,650 units in 2021 approximately.  Apart from this many people also moved to Bengaluru and rented apartments as well.

Bangalore real estate market forecast 2022

With the pandemic turning into endemic, we can be certain that the real estate market in Bangalore 2022 is going to witness an increase in housing sale, construction of new buildings, renting of properties.   The launches are back to pre-covid levels as of now. There is a demand for homeownership aspirations and developers and builders are coming up with discounts and offers to sell their property in Bangalore. The Government is also introducing incentives such as stamp duty cut, schemes to attract the buyers. So, we can expect various trends coming up in 2022 in the real estate industry Bangalore. Grade- A developers will receive more market shares and the sales return to the pre-pandemic levels of 2019. Bangalore real estate prices of property will increase in general due to input cost pressure and supply chain issues. The prices of property may increase to 5-8% in Bangalore. I hope my answer on Bangalore real estate market was insightful. Want to buy property near your job location in Bangalore at a respectable price? Check out the properties in Bangalore listed on NoBroker. Rent 1 BHK, 2BHK, 3BHK, RK rooms in Bangalore at an affordable price from NoBroker. Read more: Where To Get Rental Agreement In Bangalore? What Is The Best Area In Bangalore For Property Investment In 2022?
0 2022-04-20T18:21:30+00:00
The Bangalore real market is really booming in my opinion. Due to the dangerous drop in investments following the statewide lockout in March 2020, the whole real estate market was on the edge of collapsing. Since then, however, the real estate sector has made some progress toward recovery and is beginning to show signs of a more stable market flow. Bangalore's real estate market is expected to recover considerably faster than other areas. I will explain the market value of property in Bangalore.

Areas to invest in Bangalore property market:

1) Whitefield Whitefield is a planned residential neighbourhood and a well-known IT hub in Bengaluru's eastern outskirts. The area is well-known for housing offices for a number of IT firms. The Purple Line expansion from Baiyappanahalli to Whitefield, which would cover 13 stations, is expected to bring metro access to Whitefield by 2023. 2) Banashankari Banashankari is a crucial location in the south of Bangalore, named after the Banashankari Amma Temple. The area Kathriguppe is an important commercial area in the region. The area is well-developed and conveniently reachable from the city's major attractions. It is linked by roads, and a Metro line connecting the major cities is now being built. 3) Krishnarajapura Krishnarajapuram, often known as KR Puram, is a Bangalore suburb located in the city's eastern outskirts, around 15 kilometres from the city's train station. The Indian Telephone Industries (ITI), which has been in operation for 50 years, is a notable landmark in the neighbourhood. KR Puram is also near the Whitefield and Marathahalli IT centres. 4) Electronic City The idea for Electronic City arose from a desire to create an industrial community with a variety of enterprises. Electronic City's Phase I was the first phase to be developed. Infosys, Wipro, Robert Bosch Engineering and Business Solutions, OnMobile Global, Microland, Fanuc India, and plenty of other IT and electronics giants have all set up an office here. 5) Bellandur Bellandur is a prominent technological hub in its own right, and it is well connected to other major IT hubs such as ORR, Electronic City, and Whitefield. As a result, it is a popular home location for individuals working in these fields. This area is served by IT parks such as Pritech Park SEZ, Divyasree Technopolis, and Prestige Tech Park.

Reasons for real estate growth rate in Bangalore:

1) Simplifying the digital home-buying process Bangalore's real estate industry has been the quickest to react to changing market conditions due to its location in India's Silicon Valley. It aggressively moved its attention to developing digital techniques to improve customer experiences, such as using virtual reality and 3D modelling for guided reality and walkthroughs. Digital conferences for client meetings, digitised paperwork, and accepting online payments are just a few of the reasons why Bangalore's real estate sector could be able to keep going and rebound even if the pandemic strikes. It will also increase Bangalore real estate growth rate. I hope you understood the market value of property in Bangalore. You can invest in properties in Bangalore with NoBroker to get the best deals. Read More: What is the future of real estate in Bangalore? What are the current real estate prices in electronic city, Bangalore? Which are the top locations in Bangalore suburbs to invest in real estate?
0 2022-05-10T10:20:26+00:00
Bangalore is India’s technology capital for the past 30 years now and it seems no other city is even near it as a competitor. It is also called the Silicon Valley of India as it plays the role of exporting information technology and thus the demand for people to shift here and work is increasing day by day. Such things influence the demand for rapid real estate in Bangalore. As you might have already observed in the above-mentioned answers, during the pandemic, there has been a reduction in the growth of the real estate market but it is coming back on track. It was already predicted that by the end of 2021, the property trend in Bangalore will revive sales which will lead to the construction of new projects. These are expected to happen rapidly. Which part is witnessing the real estate growth rate in Bangalore? The city itself is developing overall but North Bangalore is the fastest growing area within the city as per the reports in the latest year, that is 2022. The investment in Bangalore has also seen a hike from $1.3 billion in 2016 to $7.2billion in 2020 and now investment opportunities seem very much promising and ensure high returns as well.  Is investment in plots in Bangalore a good idea? If you ask me, I would simply say yes. The city is booming with prosperity from every angle and so is the real estate market. Investing in plots is a good idea to secure your money and have a good return on investment in the future. The prices are more likely to rise than decrease in the future.  Check out the properties listed on NoBroker and get a flat or apartment easily without paying any brokerage fee. I hope this answer has been able to give you an idea about real estate in Bangalore and its growth.  Read More: How Real Estates Works? Best Real Estates Apps India? What Is Real Estate Investments?
0 2023-01-10T21:36:43+00:00
Bengaluru has been recognised as the second-best market in APAC cities to watch out for in 2023 in terms of residential outlook. I am a real estate investment advisor, so I keep a regular eye on such updates. The residential pricing in Bengaluru, the largest of the top three Indian cities monitored in the report, is predicted to increase by up to 5% YoY in 2023. So, if you’re wondering about real estate prices in Bangalore in 2023, it is certainly going to rise up. Check out properties in Bangalore on NoBroker, here.

Real estate growth in Bangalore

Bengaluru's prime office rental is anticipated to expand in the range of 5%–7% YoY in 2023, the highest growth rate among the 24 APAC cities analysed in the report. Bengaluru's warehouse industry is predicted to experience a rental increase in the range of 5% to 7% YoY, according to the forecast for the warehouse sector. Due to the steady structural foundation, growing demand, and decreased house loan rates, it appears that the Indian real estate industry will continue to experience strong and positive momentum in the fiscal year 2023 (FY 23). A positive economic outlook will aid in the market's growth. The majority of rating agencies expect India's growth to be between 8% and 9%. The expansion of business operations, the strengthening of the labour market, and rising income levels all logically lead to increased housing demand. The real estate sector in India is going through a technological revolution. Interestingly, property prices will rise quickly in tier 2 and tier 3 markets as well. Although Bangalore property prices falling doesn’t seem so prominent in the near future but to make purchasing and selling easier, a variety of innovative strategies and solutions are used across the sector. They consist of:

Real estate appreciation in Bangalore

Home prices are expected to increase for a while due to rising demand and a lack of supply. The members of Generation Y are legally permitted to make their first real estate investment. As a result, there is a daily rise in the demand for residential and commercial buildings. A seller's market will be prevalent in real estate in the future due to rising demand and limited supply. APAC Outlook 2023: Residential Market In terms of residential outlook, Bengaluru's market is anticipated to experience the largest price growth in 2023—up to 5% YoY—among the top three Indian markets analysed by the analysis. Bengaluru city is a strong market in the APAC area due to the steady expansion of start-ups and unicorns as well as rising income levels. The report further stated that up to 4% YoY growth in home prices are predicted for Mumbai in 2023. In 2023, a 2%–3% increase in the price of homes is predicted for New Delhi. APAC Outlook 2023: Office Market Although the APAC region's market balance is skewed in favour of the tenant, it is still balanced in the Indian markets. The Indian office market is anticipated to continue its stable performance from 2022 through 2023. The growth rate for Bengaluru's prime office leasing is predicted to be the highest among the 24 APAC cities studied in the report, at 5% to 7% YoY in 2023. The analysis predicts that in 2023, New Delhi's prime office rental will increase by 4% to 6% YoY, followed by Mumbai by 3% to 5% YoY. Rents in India are anticipated to rise in 2023 as a result of a relatively positive economic outlook, possible greater outsourcing from the west due to cost concerns, and a weakening currency that will make Indian offices less expensive. APAC Outlook 2023: Warehouse Market In the APAC region, India is anticipated to experience the biggest growth in logistic supply in 2023. Over one-third of the total logistics space anticipated in the APAC region for 2023 will be located in India, where the warehousing and logistics market is forecast to have a supply growth of 30 million square feet. In 2023, it's anticipated that 86 million square feet of logistic space would become operational in the APAC area. Logistics occupiers will continue to favour institutional-grade properties and commit to build-to-suit solutions. Long-term, structural factors will continue to be favourable for the industry. In 2023, a rental boom is anticipated in Bengaluru, the National Capital Region, and Mumbai, the three largest Indian marketplaces. After years of stagnation, all markets had healthy rent increases in 2022, and this rise is projected to continue in 2023. Rents will be driven in 2023 by rising demand from the manufacturing sector and an anticipated uptick in space occupancies by e-commerce businesses.  I hope this explains to you about real estate prices in Bangalore. Read More: What are the current real estate prices in Electronic City, Bangalore? What are the current real estate prices of flats and houses in Indira Nagar, Bangalore?
1 2023-08-24T12:58:29+00:00
The vibrant economy, diverse cultures, and abundance of opportunities in Bangalore attract people from all over the world. I did some research on the present trend because I plan to invest in Bangalore's real estate market in 2023. I discovered that the real estate trend in Bangalore has witnessed a significant transition, making it one of the most profitable investment opportunities.

How is real estate market in Bangalore?

  • The city's IT sector is one of the key elements for growth in the Bangalore real estate market. 
  • There is a continuing demand for commercial space because Bangalore is home to several software companies.
  • One such area that has attracted interest from both buyers and developers is Binnypet. The rising demand for residential real estate is expected to result in a considerable increase in property values, making it a great investment opportunity for buyers looking to generate a good return on investment for the longer period. 
  • Due to the rising demand for plotted constructions and the proximity to Whitefield and other commercial districts, Devanahalli and Doddaballapura are becoming more and more well-liked neighbourhoods in Bengaluru for real estate investments.
  • Moreover, by linking Doddaballapura to important city neighbourhoods, the projected Satellite Town Ring Road will draw investors to Bengaluru's real estate market and raise home values.
  • Numerous initiatives for affordable housing are available in various parts of Bangalore such as Artha Emprasa Startup City in Hoskote, Concorde Spring Meadows in Tumkur Road, and Pride Palatia Phase I in Hennur Road. 
Investment locations like Binnypet, Devanahalli, and Doddaballapura are anticipated to stay robust for many years to come as they continue to draw more investments and professionals. I hope you found this helpful. Choose the perfect property via NoBroker Buyer Plans. Check out the affordable real estate property in Bangalore via NoBroker. Read more - What is Real Estate Broker Commission Rates India? Is it Safe to Buy B Khata Property in Bangalore? How to Apply for BDA Sites in Bangalore Online?

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