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It has been noted that there is a significant growth in the realty market owning to the fact that there is a continuous development in the IT sector.The New Year is set to witness certain greatly significant housing projects in Bangalore. This is surely going to spoil the buyers.
According to the realty players, developers and analysts, for the Bangalore’s real estate market they are pinning for a steady 2014 and 2015. This is as compared to cities such as Mumbai, Delhi, Chennai, Ahmedabad and Hyderabad. Another thing that has been noticed is that they are quite on a positive note owing to the fact that the 2013 saw exceptionally good sales of both office space and residential space. One more thing that the buyers can welcome is that in 2014, there are major projects that are set for launch. This fact should motivate the buyers. It has been noted that there will be a steadiness of the demand that the year 2013 saw.
At Whitefield, close to Varthur, the Prestige Group is slated to come up with the Prestige Lake Habitat, in east Bangalore. Herein, the property is spread over an area of over 100 acres. And it will witness around 3,000 flats that will be up for sale, that includes luxury ones in various sizes. According to a realtors, he states that during the pre-launch session, already around 1,000 flats have been sold. Besides, the project is going to be shaped in partnership with Disney and will hold similarity to a township. Hence, a valuable product can be expected. When compared to this, it has been noted that the Brigade Group too is not lagging far behind.
In North Bangalore, Whitefield, in east Bangalore and Devanahalli, the company is all set to launch properties. Moreover, near Electronic City, the Sobha Group is also coming up with a project, which will cater to the requirements of the mid-range population. When it comes to southwest Bangalore, near the Nice Expressway, on Mysore Road, Provident Group is slated to come out with a project.
According to the President of the Confederation of Real Estate Developers of India (Credai)— Karnataka, he stated that in 2013, the IT sector had done considerably well. During that phase, nearly nine million sq. feet office space has been produced. This space is being seen to provide jobs to approximately nine lakh professionals.
According to the realty players, developers and analysts, for the Bangalore’s real estate market they are pinning for a steady 2014 and 2015. This is as compared to cities such as Mumbai, Delhi, Chennai, Ahmedabad and Hyderabad. Another thing that has been noticed is that they are quite on a positive note owing to the fact that the 2013 saw exceptionally good sales of both office space and residential space. One more thing that the buyers can welcome is that in 2014, there are major projects that are set for launch. This fact should motivate the buyers. It has been noted that there will be a steadiness of the demand that the year 2013 saw.
At Whitefield, close to Varthur, the Prestige Group is slated to come up with the Prestige Lake Habitat, in east Bangalore. Herein, the property is spread over an area of over 100 acres. And it will witness around 3,000 flats that will be up for sale, that includes luxury ones in various sizes. According to a realtors, he states that during the pre-launch session, already around 1,000 flats have been sold. Besides, the project is going to be shaped in partnership with Disney and will hold similarity to a township. Hence, a valuable product can be expected. When compared to this, it has been noted that the Brigade Group too is not lagging far behind.
In North Bangalore, Whitefield, in east Bangalore and Devanahalli, the company is all set to launch properties. Moreover, near Electronic City, the Sobha Group is also coming up with a project, which will cater to the requirements of the mid-range population. When it comes to southwest Bangalore, near the Nice Expressway, on Mysore Road, Provident Group is slated to come out with a project.
According to the President of the Confederation of Real Estate Developers of India (Credai)— Karnataka, he stated that in 2013, the IT sector had done considerably well. During that phase, nearly nine million sq. feet office space has been produced. This space is being seen to provide jobs to approximately nine lakh professionals.
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