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The residential real estate market of Bangalore is dominated by the end-users who are more specific about the location where the realty companies in Bangalore could give more project options and souk their projects. The increase in home loan rates didn’t affect the borrowers to great extent. With the stable capital value in several sub-markets due to fall in the sale and continued increase in value in the last eight quarters, the affordability is decreasing and the lending rates are increasing.
Many banks and Housing Finance Corporations (HFCs) say that the significant demand for home loan in Bangalore is not affected with the successive increase of lending rates in earlier years. Though the drive could have subdued the borrowers but it was for brief, yet banks and many housing finance establishments received major proposals.
According to a report, the real estate residential units were sold out in the price range of Rs.40 to Rs.75 lakh and high-rise residential projects in the range of Rs.1.5 crore to Rs.2.2 crore saw a great demand in the last eight quarters. Real estate market saw launch of premium and cutting-edge residential projects and many pending projects waiting for the approvals form the concerned authorities. The Bangalore real estate market also observed consistent demand for high-end residential projects like villa projects and 2 BHK apartments.
For high-end residential projects, buyers like senior corporate mavens and HNIs were enthusiastic to invest and most demand for this kind of projects were witnessed in locations like around Hebbal Flyover, Kodihalli Junction, Koramangala, Indira Nagar,and Bannerghatta Road.The cost value of the projects was priced in the range of Rs.6000 to Rs.16, 000 per sq. ft.
Bangalore City considered as the third largest real estate investment hub for High Net-worth Individuals (HNIs) and rated as top city in terms of investments from non-resident Indians (NRIs), the residential market is unveiling continued stabilized growth in the first half of 2014 and is likely to see more activities in the second half 2014 with post general elections and other measures taken by government will boost the real estate market of Bangalore.
Many banks and Housing Finance Corporations (HFCs) say that the significant demand for home loan in Bangalore is not affected with the successive increase of lending rates in earlier years. Though the drive could have subdued the borrowers but it was for brief, yet banks and many housing finance establishments received major proposals.
According to a report, the real estate residential units were sold out in the price range of Rs.40 to Rs.75 lakh and high-rise residential projects in the range of Rs.1.5 crore to Rs.2.2 crore saw a great demand in the last eight quarters. Real estate market saw launch of premium and cutting-edge residential projects and many pending projects waiting for the approvals form the concerned authorities. The Bangalore real estate market also observed consistent demand for high-end residential projects like villa projects and 2 BHK apartments.
For high-end residential projects, buyers like senior corporate mavens and HNIs were enthusiastic to invest and most demand for this kind of projects were witnessed in locations like around Hebbal Flyover, Kodihalli Junction, Koramangala, Indira Nagar,and Bannerghatta Road.The cost value of the projects was priced in the range of Rs.6000 to Rs.16, 000 per sq. ft.
Bangalore City considered as the third largest real estate investment hub for High Net-worth Individuals (HNIs) and rated as top city in terms of investments from non-resident Indians (NRIs), the residential market is unveiling continued stabilized growth in the first half of 2014 and is likely to see more activities in the second half 2014 with post general elections and other measures taken by government will boost the real estate market of Bangalore.
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