The rentals and capital values for residential plots in the south east corner of Bangalore have been stagnant for the last couple of months. According to some of the latest news by industry experts, the projects which were launched in the year 2004 and 2005 have been completed and builders are now giving possession for the same. There are large numbers of residential properties for sale in Bangalore in the areas like Sarjapur, Whitefield, Marathalli and ORR or Outer Ring Road. India property Bangalore like these is available for renting and sale purpose.
The properties for sale in Bangalore in the south east areas of the city has a capital value ranging from Rs 3000 to Rs 4000 per sq ft and according to real estate builders in the city, the present market rate is going to remain the same for the next couple of months.
Properties for sale in Bangalore especially in the south also follow similar trends.It is expected that south Bangalore is going to add up its residential property by more than 3000 apartments, 1200 row houses and 250 villas. All of these residential properties are part of one single project taken up by DLF. This is 85 acre residential project in Bangalore. On the other hand, North Bangalore has already marked itself as a premium real estate market. Here the properties that are in the construction phase are categorized as premium villas.
Most of the properties for sale in Bangalore in these prime areas are planning to develop luxury property projects because in the past they have gained enough confidence and positive response from the buyers in these markets.India property Bangalore like Hollywood Town, Raheja Jade Garden is all luxury residential property projects. The price quoted for mid level residential premium units will range somewhere between 1.20 crores and 1.50 crores.
Most of the industry experts are of the opinion that price rise in these residential properties cannot be ruled out completely. As the market is expanding, so is the price for these premium residential properties in the city. Some of the new residential projects have been postponed by builders recently in order to follow the new FSI guidelines. FSI or the “Floor Space Index” declared just recently in the new CDP or “Comprehensive Developmental Plan” for the city of Bangalore.
Moreover, there is good news for real estate property builders in the city as the home loan rate is coming down; prospective buyers who were deferring property purchase are looking to enter the market. With home loan rates slashed by the Government of India, buyers will look to invest in properties for sale in Bangalore more than before to get the best deals. Builders are also offering buyers with lucrative offers and various incentives for e.g. book a flat and get a car. Thus, the residential property market in Bangalore is looking quite bright from the investment point of view and to bag the best deals, buyers must immediately buy the best available India property Bangalore.
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