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Tuesday, February 25, 2025
Rental Income House For Sale hoskereahlli Pramod Layout houseliv
Site ForSale In Girinagar with old house
Monday, February 24, 2025
How would be the Real Estate Market of Girinagar after 5 years Houseliv Real Estate Giri nagar
Girinagar offers a blend of residential and commercial real estate market locality with high demand for properties. It is the best region to live and invest in for a comfortable lifestyle. The main thing to consider is, How would be the Real Estate Market of Giri Nagar after 5 years? In the next 5 years, the real estate market of Girinagar would boom to new heights, surpassing its own old records and demand. The region is gradually expanding to provide a quality and luxury lifestyle for the local residents.
Investing in Girinagar Properties will yield more profit in the next 5 years than today. It is expected to provide more IT hubs and job centers surrounding its established schools and colleges in the heart of Bangalore. There will be more improved connectivity with wide rods, metros, and expressways.
girinagar is a busy and prime region in Southwest Bangalore. It is close to major schools, colleges, and job centers like Vijayanagar and Yeshwanthpur.
The Sri Karya Siddhi Anjaneya Swamy Temple in Girinagar, Bengaluru, is a historic Hindu temple dedicated to Lord Hanuman (Anjaneya). Built in the 16th century, this sacred site honors Lord Hanuman, known as a divine protector and symbol of courage. The temple’s location near the Girinagar lake offers visitors stunning views and an appreciation for its grand architecture.. It is one of the most liked areas by families, students, and working professionals.
The present real estate market of Giri Nagar properties is in high demand by investors. The price of the properties in the region is increasing rapidly every year and will provide great profit for investors in the next 5 years. The present property price in Proper Giri Nagar Nagar ranges from Rs. 18,500 per sq. ft. to Rs. 24,500 per sq. ft. These prices will be rapidly increasing in the coming 5 years as the demand for properties rises in Girinagar real estate market Houseliv Realty.
The main advantages of Investing in the Giri Nagar real estate market:
- Proximity to Job Centres: Giri Nagar is the prime region close to top job centers like Kengeri, Bidadi, Magadi Road, Rajajinagar, Jayanagr, . chamrajpet, Mejestic And KR Market and many more. It helps residents to save traveling time and lead a peaceful life.
- Good Connectivity: The region offers good road, rail, and metro connectivity for its residents. It is situated adjacent to Mysore Road and provides easy access to Outer Ring Road (ORR), Mysore Road, Tumkur Road, and NICE Road. Girinagar also provides easy access to Kempegowda International Airport, which is only 38 Km away.
- Girinagar Real Estate
Saturday, February 15, 2025
Bengaluru to dominate India’s commercial real estate market with 330-340 mn sq feet office space by 2030? @houseliv
India’s IT capital Bengaluru is expected to continue its lead in India's commercial real estate market with 330-340 million square feet of office stock by the year 2030, according to a report by the Confederation of Indian Industry and CBRE.
The report titled ‘Karnataka Horizon: Navigating Real Estate Excellence in the South’ that was released in Bengaluru on July 10 highlighted that the city has seen its office stock more than double to over 223 million square feet as of June 2024, from 100 million square feet in 2013, to comprise the highest share in the segment amongst all major cities in the country.
As of June 2024, the overall office stock in India stood at 880.7 million square feet, in which Bengaluru accounted for the largest contribution at 25%, per the report. This came at an average annual absorption of about 15-16 million square feet in the city over the past few years, it added.
“Over the next few years Bengaluru is expected to grow extensively in the peripheral regions…Coupled with the availability of large-sized land parcels and multiple upcoming infrastructure initiatives, the commercial sector is slated to expand significantly in the northern, eastern and southern parts,” said Anshuman Magazine, Chairman and CEO - India, South-East Asia, Middle East and Africa, CBRE India.
Which sectors are driving demand?
In the run up to 2030, the technology, engineering and manufacturing, and BFSI categories are expected to comprise the main demand drivers for Bengaluru’s office market, alongside life sciences, aviation and automobile as emerging sectors making their contribution in propelling demand.
Presently, the technology sector accounts for 30-35% of annual absorption in the city, primarily in the commercial hubs of Outer Ring Road and Whitefield, according to the report.
The report also highlighted that Bengaluru has led demand amongst global capability centres (GCCs) in India with a 41% share between 2022 - June, 2024. It credited this feat to a combination of offerings by the garden city, including a skilled talent pool, premium Grade-A assets, and a well-developed IT ecosystem.
“Karnataka's vibrant tech infrastructure must continue to evolve to retain its edge. Developing premium, sustainable tech spaces with cutting-edge facilities will be key,” opined Ram Chandnani, Managing Director, Advisory and Transactions Services, CBRE India.
Shailendra Naidu, who is a senior executive director for advisory and transaction services at CBRE, listed ease of doing business, high land costs and efficient space utilization as some long-term challenges for this market. “The method here that most development firms use to acquire land is a joint venture. In that model, there can be challenges going ahead,” he said.
Entertainment, fashion and homeware lead demand in retail segment
According to the report, Bengaluru's retail real estate stock has more than doubled to over 16 million square feet as of June 2024, from 7.2 million square feet in 2013, to hold the second-highest share among the top Indian cities at 24%. This metric is further estimated to increase to 20-30 million square feet by 2030, representing a 1.4 times growth, the report noted.
Absorption in Bengaluru’s retail market is primarily driven by entertainment, fashion and apparel, and homeware and department stores, each accounting for about 20-30% of the annual demand, per the report. It added that the average annual absorption in this segment stands at 1.5-2 million square feet in the capital city.
Bengaluru is also a star performer housing three of the nation's 17 listed malls, the report added.
Bengaluru Real Estate
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