Thursday, November 14, 2024

Bengaluru residential property registration falls 8% y-o-y between July-September 2024 to 25,259 housing units



Bengaluru's residential real estate market saw an 8% year-over-year decline in the July-September 2024 quarter. Housing unit sales value fell 15% to ₹15,739 crore, down from ₹18,505 crore in the same period last year.

Residential registrations in Bengaluru dropped 8% year-over-year during the July-September 2024 quarter, totaling 25,259 units, according to data from proptech platform Square Yards.

Consequently, the average home sales value in Bengaluru decreased by 7% annually, with the current average home price standing at ₹62 lakh.

Yogesh, Principal Partner at Houseliv Realty , noted that Bengaluru's residential market has experienced "a modest moderation in transaction momentum" in the July-September 2024 quarter, describing it as a "natural adjustment following a period of rapid growth."

Looking ahead,  market is poised for continued demand growth, driven by "resilient end-user and investor appetite," particularly during the upcoming festive season, when heightened homebuyer interest is expected to manifest in increased registrations.

The analysis showed that the majority (86%) of property transactions in Bengaluru were concentrated in the sub-₹1 crore price range. Apartments sized 1,000-1,500 square feet accounted for the largest share of registrations at 47%, reflecting a continued preference for larger living spaces, likely influenced by the adoption of hybrid work models in the IT/ITes sectors.

North Bengaluru remained the most active micro-market, accounting for 40% of total registrations, driven by increased demand, particularly for plots, due to the area's proximity to Kempegowda International Airport. South Bengaluru followed closely with a 25% share, led by strong performance in Jayanagar and Electronic City.

In terms of market leadership, Embassy Group recorded the highest home sales value at ₹295 crore, driven by strong performance of its projects Embassy Springs and Embassy Lake Terraces. Prestige Group also made a notable contribution, with Prestige Golfshire leading its project portfolio. Artha Property and Tata Realty led in terms of transaction volume, with Artha Emprasa Startup City and Tata Realty's New Haven recording the highest number of registrations.

Wednesday, November 6, 2024

Banashankari Bangalore Popularity And Real Estate

Banashankari, popularly known as BSK, is a predominantly residential locality in southern Bangalore. It is also the largest locality in Bangalore, spreading over more than 13 square kilometres of land. The locality comes from one of the oldest and most magnificent temples in southern Bangalore, Banashankari Amma Temple. The locality is divided into six stages for better administration and maintenance of public services. It also has an extensive public transport network, relying primarily on buses for smooth and hassle-free movement across the locality and connecting it with other parts of the city. Residents of this area enjoy proximity to various recreational areas, high-end stores and restaurants, hospitals, schools, and parks. The extensive and well-maintained services allow the inhabitant to enjoy a fulfilling lifestyle.

Top gated communities in Banashankari, Bangalore

                                                                   Brigade Omega



1. Brigade Omega

Brigade Omega is a well-planned and meticulously developed complex area that offers its residents a wealthy and rewarding lifestyle. The large and well-maintained flats maximize the useable space in each flat. The property also has all of the required facilities. It has 24-hour security, backup electricity, running water, a children’s play area, visitor parking, rainwater harvesting, garbage disposal, and so on.

 

Highlights and amenities of Brigade Omega

Types of apartments: 2 BHK and 3 BHK apartments

Area per apartment: 1160 sq. ft. to 1800 sq. ft.

Number of apartments: 520 apartments

 

Address: Thurahalli Village Uttarahalli, Sy. No.23/1, 80 Feet Rd, Banashankari 6th Stage 1st Block, Subramanyapura, Bengaluru, Karnataka 560062.

 

2. Brigade 7 Gardens

Brigade Omega, located in the centre of the Banashankari neighbourhood, aims to deliver a premium living experience. The apartments are ready for occupancy, and the facilities are available at all times. The tower has an elevator, 24-hour security, water supply, maintenance personnel, and a dedicated parking lot.

 

Highlights and amenities of Brigade 7 Gardens

Types of apartments: 2 BHK and 3 BHK apartments

Area per apartment: 1190 sq. ft. to 1450 sq. ft.

Number of apartments: 448 apartments

 

Address: Sy 37/1, Paduka Mandira Rd, Bharat Housing Society Subramanyapura, Uttarahalli Hobli, Bengaluru, Karnataka 560061.

 

3. Tata Promont

Tata Promont is a 14-acre high-rise residential apartment project in Banashankari. Many facilities are available in the complex, including 24-hour hour water, power backup, visitor parking, a children’s playground, servant quarters, and adjoining balconies. The location is adjacent to several bus stations, making it easy for inhabitants to go about the city.

 

Highlights and amenities of Tata Promont

Types of apartments: 3 BHK, 4 BHK, and 5 BHK apartments

Area per apartment: 1782 sq ft to 4494 sq ft

Number of apartments: 312 apartments.

 

Address: 168, 3rd Main Rd, Ittamadu, Banashankari 3rd Stage, Hosakerehalli, Bengaluru, Karnataka 560085.

 4. Sobha Clovelly

The Sobha Clovelly is a popular gated community in Banashankari. The building is well-kept and has all the facilities its occupants require. There is also 24-hour running water, power backup, security, a garden, and an elevator. The property is near several parks and hospitals. 

Highlights and amenities of Sobha Clovelly

Types of apartments: 3 BHK, 4 BHK, and 5 BHK apartments

Area per apartment: 1564 sq. ft. to 4689 sq. ft.

Number of apartments: 137 apartments

 

Address: No.1, Subramanya Pura Rd, Gowdanapalya, Uttarahalli Hobli, Bengaluru, Karnataka 560061.

 

5. ACS Meghna and Shalini Towers

ACS Meghna and Shalini Towers are in a beautiful part of the Banashankari neighbourhood. The apartment complex is two acres in size, well-kept, and equipped with all required services. The area is close to several colleges and universities. It is also a short walk to the nearest hospital and bus station.

 

Highlights and amenities of ACS Meghna and Shalini Towers

Types of apartments: 2 BHK and 3 BHK apartments

Area per apartment: 1357 sq. ft. to 1600 sq. ft.

Number of apartments: 180 apartments

 

Address: ACS MEGHANA AND SHALINI, Dr Puneeth Rajkumar Rd, Kadarenahalli Park, Kadarenahalli, Banashankari, Bengaluru, Karnataka 560070.

 

Things to do in Banashankari, Bangalore

                                                  Banashankari Temple Bangalore



1.      Visit two of the most mesmerizing temples

The Banashankari locality hosts the two most famous and beautiful temples in southern Bangalore. Modelled after Dravidian style architecture, the Dodda Ganapathi Temple and Banashankari Amma Temple attract millions of devotees every year. A must-visit place to connect with history and enjoy these two temples’ fantastic architectural marvels.

 

2. Connect with nature in various parks in Banashankari

Banashankari can be considered a green locality thanks to its various parks and green spaces. From sprawling areas to smaller neighbourhood parks, it offers a great respite from the hustle and bustle of city life. Some of the most popular and largest parks in Banashankari are “Mysuru Mallige” KS Narasimhaswamy Park, “Turahalli Forest,” and “BDA Sculpture Park.” Visitors to these parks can enjoy the lush greenery and colourful blooms and partake in recreational activities such as jogging, biking, and playing various outdoor sports.

 

3. Visit museums and cultural centres

The Suchitra Cinema & Cultural Academy and the Indian Music Experience Museum are two of Banashankari’s most popular cultural destinations. These venues provide a variety of entertainment and educational experiences for visitors, including performances, films, workshops, art exhibitions, lectures, and more.

 

4. Great shopping experience at Srinivasa Nagar Shopping Complex

The Srinivasa Nagar Shopping Complex is a commercial complex comprising several stores offering everyday necessities, apparel, footwear, electrical products, culinary items, and other commodities. The structure is fairly large and holds restrooms and other amenities for clients. Visitors to the complex can enjoy a leisurely shopping experience and a wide range of entertainment and educational activities.

 

5. Experience great dining

Banashankari has numerous restaurants offering cuisine from all around the world. Some of these restaurants even stay open until late at night, enriching the nightlife of Banashankari. Banashankari’s more popular restaurants are Chikpet Donne Biriyani House, The Great Indian Bhukkad, Anna Kuteera, JCubez, Taaza Thindi, and Vinny’s. Whether you are looking for an early-morning snack, lunch, dinner, or even late-night snacks, Banashankari is the perfect place to find a great meal.

 

Places to visit in Banashankari, Bangalore

1. Teriflix

Teriflix is a delightful spot for cinephiles. The hosts are exceedingly appreciative and welcoming. A fantastic spot to spend your holidays with family and friends while watching a movie and munching. It has a great selection of films from all genres, so no matter what your interests are, you will indeed find something to enjoy, and even if you don’t, you can bring your collection and watch.

 

Address: #177, 5th Cross, 50 Feet Road, Opp. Avalahalli BDA Park, Banashankari 3rd Stage, Girinagar, Bengaluru, Karnataka 560062

 

2. Sri Lakshmi Venkateshwara Coffee Bar

Sri Lakshmi Venkateshwara Coffee Bar is one of the most popular Indian restaurants in Bangalore. The place is famous for offering mouthwatering dishes. The quality of the food is always of the highest standard. The place is so popular that you might have to wait a while to get a seat inside the restaurant. Additionally, the restaurant provides excellent service and friendly staff that ensure all customers have a pleasant experience.

 

Address: Kathriguppe Main Road. 21, Kathriguppe Main Road 4th Block, 3rd Phase, Banashankari 3rd Stage, Bengaluru, Karnataka 560085.

 

3. Late Night Open LSD Cafe

LSD Cafe is one of Banashankari’s greatest late-night eateries. There is no seating; however, home delivery is provided until 2 a.m. Whether you want a wonderful cold smoothie on a hot summer afternoon or some fried appetizers on a wet evening, the cloud restaurant will fill your request quickly.

 

Address: 2, 1st Main Rd., Mookambika Nagar, Dwaraka Nagar, Banashankari, Bengaluru, Karnataka 560085

                                              Banashankari BDA Complex 



4. Banashankari BDA Complex

It is an ancient street retail location with a wide selection of things. They have food kiosks, repair businesses, and services for almost every everyday need. They are packed at night because of the famed chaats. They even have hairdressers, accessories, shoe stores, and a bookshop. The place has ample parking for both cars and motorcycles.

 

Address: 249, 4th Main Rd., Shastri Nagar, Thyagaraja Nagar, Basavanagudi, Bengaluru, Karnataka 560028

 

5. Stoned Monkey

Stoned Monkey is one of Banashankari’s most popular desserts and ice cream joints. Some popular items are stoned ice creams, Kiwi Mojitos, chocolate lava cakes, cheesy garlic bread, thick shakes, and sundaes. They also serve many other desserts, like tiramisu, chocolate fantasia, brownies, and waffles—a must-visit place for all Banashankari’s ice cream and dessert lovers.

 

Address: 419, 9th Main, 24th Cross, Banashankari 2nd Stage, Bengaluru, Karnataka 560070

 

FAQs about Banashankari, Bangalore

What is the distance from Banashankari to the airport?

Banashankari is around 40 km from Kempegowda International Airport. It takes approximately 1 hour and 20 minutes to reach the airport in a private vehicle.

 

What are the best hospitals in Banashankari?

Banashankari has no shortage of top-class hospitals. Some of the best ones are Motherhood Hospital, Re-Life Hospital, and Devagiri Hospital.

 

What are the best schools in Banashankari?

Some of the best schools in Banashankari are Deccan International School, Sri Aurobindo Memorial School, and Martin Luthar School.

 

What are the best gyms in Banashankari?

The top three gyms in Banashankari are Body Morph Gym, Solo Fit Gym, and Fitness Solutions.

 

Which are the parks in Banashankari?

The best parks in Banashankari are Banashankari Bridavana Park, “Mysuru Mallige” KS Narasimhaswamy Park, and BDA Sculpture Park.

 

What is the best place in Banashankari to hang out on weekends?

The Banashankari BDA Complex is the best place to hang out with friends and family on weekends.

 


Thursday, October 31, 2024

Bengaluru Real Estate Trends Houseliv


Bengaluru Real Estate Trends

Bengaluru has become one of the top property markets in the APAC region to watch out for, according to Knight Frank’s “Asia-Pacific Outlook 2023.” The residential market in Bengaluru, which is projected to grow by 5% annually, is the second-best market out of the 24 markets the report is tracking, according to the report. This is fantastic news for anyone looking to invest in the Bengaluru real estate market, both buyers and sellers. In this blog, we’ll delve further into market analysis and trends, look at the variables influencing Bengaluru’s real estate market, and offer investment tips for both buyers and sellers in 2024. 

We’ll also examine in more detail the neighbourhoods of Binnypet, Devanahalli, and Doddaballapur, which are anticipated to have a big impact on the city’s growth story, and why making an investment there might be a wise choice. Consequently, if you’re curious about the Bengaluru real estate market, keep reading to find out more!
Bengaluru Real Estate Trends

Bengaluru  has become one of the top property markets in the APAC region to watch out for, according to Knight Frank’s “Asia-Pacific Outlook 2023.” The residential market in Bengaluru, which is projected to grow by 5% annually, is the second-best market out of the 24 markets the report is tracking, according to the report. This is fantastic news for anyone looking to invest in the Bengaluru real estate market, both buyers and sellers. In this blog, we’ll delve further into market analysis and trends, look at the variables influencing Bengaluru’s real estate market, and offer investment tips for both buyers and sellers in 2024. 

We’ll also examine in more detail the neighbourhoods of Binnypet, Devanahalli, and Doddaballapur, which are anticipated to have a big impact on the city’s growth story, and why making an investment there might be a wise choice. Consequently, if you’re curious about the Bengaluru real estate market, keep reading to find out more!

Market Trends And analysis : An Overview of the Bengaluru Real Estate Market in 2024

The real estate market in Bengaluru is expanding quickly, and a number of neighbourhoods have become popular investment locations for both buyers and investors. According to Knight Frank’s “Asia-Pacific Outlook 2023,” residential prices in the city are predicted to increase by 5% annually, making now an ideal time for investors and homebuyers to look into Bengaluru’s real estate market.

Binnypet is one such location that has drawn interest from both buyers and developers. With strong connectivity to the rest of the city, this small market enjoys a strategic location. A desirable investment location for buyers seeking a well-connected area with a thriving social and cultural scene, the area is surrounded by several commercial hubs including Chickpet, Chamrajpet, and Okalipuram. 

Additionally, Binnypet is anticipated to see a significant increase in property prices due to the growing demand for residential real estate, making it an excellent investment opportunity for buyers seeking to realise a sizable return on investment over the long term.

In addition to Binnypet, Devanahalli and Doddaballapura have also become popular areas for real estate investments in Bengaluru. Industry experts claim that the demand for plotted developments has increased in these areas, and several launches for such developments have recently occurred. Due to its excellent accessibility to Whitefield, which is located an hour’s drive away and major business districts in North Bengaluru like Hebbal, Devanahalli is becoming increasingly popular. 

Additionally, Doddaballapura will be connected to important areas of the city, such as Tumkur Road, Hyderabad Road, and Kolar Road, by the proposed Satellite Town Ring Road (STRR). Doddaballapura will become an appealing investment opportunity for buyers looking to invest in the Bengaluru real estate market as a result of this infrastructure development, which is anticipated to result in a significant increase in property prices in the neighbourhood.

There are many investments for buyers and investors looking to generate a sizable return on investment over the long term in the Bengaluru real estate market, which is currently experiencing significant growth. Buyers can investigate these areas and select the one that best suits their investment objectives and preferences with areas like Binnypet, Devanahalli, and Doddaballapura emerging as important investment destinations. 

ong-term success is likely for developers and investors who can adjust to these changes and overcome the obstacles.

Bengaluru Real Estate Market Forecast 2024

Bengaluru has become one of the top property markets in the APAC region to watch out for, according to Knight Frank’s “Asia-Pacific Outlook 2023.” The residential market in Bengaluru, which is projected to grow by 5% annually, is the second-best market out of the 24 markets the report is tracking, according to the report. This is fantastic news for anyone looking to invest in the Bengaluru real estate market, both buyers and sellers. In this blog, we’ll delve further into market analysis and trends, look at the variables influencing Bengaluru’s real estate market, and offer investment tips for both buyers and sellers in 2024. 

We’ll also examine in more detail the neighbourhoods of Binnypet, Devanahalli, and Doddaballapur, which are anticipated to have a big impact on the city’s growth story, and why making an investment there might be a wise choice. Consequently, if you’re curious about the Bengaluru real estate market, keep reading to find out more!

Market Trends and Analysis: An Overview of the Bengaluru Real Estate Market in 2024

The real estate market in Bengaluru is expanding quickly, and a number of neighbourhoods have become popular investment locations for both buyers and investors. According to Knight Frank’s “Asia-Pacific Outlook 2023,” residential prices in the city are predicted to increase by 5% annually, making now an ideal time for investors and homebuyers to look into Bengaluru’s real estate market.

Binnypet is one such location that has drawn interest from both buyers and developers. With strong connectivity to the rest of the city, this small market enjoys a strategic location. A desirable investment location for buyers seeking a well-connected area with a thriving social and cultural scene, the area is surrounded by several commercial hubs including Chickpet, Chamrajpet, and Okalipuram. 

Additionally, Binnypet is anticipated to see a significant increase in property prices due to the growing demand for residential real estate, making it an excellent investment opportunity for buyers seeking to realise a sizable return on investment over the long term.

In addition to Binnypet, Devanahalli and Doddaballapura have also become popular areas for real estate investments in Bengaluru. Industry experts claim that the demand for plotted developments has increased in these areas, and several launches for such developments have recently occurred. Due to its excellent accessibility to Whitefield, which is located an hour’s drive away and major business districts in North Bengaluru like Hebbal, Devanahalli is becoming increasingly popular. 

Additionally, Doddaballapura will be connected to important areas of the city, such as Tumkur Road, Hyderabad Road, and Kolar Road, by the proposed Satellite Town Ring Road (STRR). Doddaballapura will become an appealing investment opportunity for buyers looking to invest in the Bengaluru real estate market as a result of this infrastructure development, which is anticipated to result in a significant increase in property prices in the neighbourhood.

There are many investment opportunities for buyers and investors looking to generate a sizable return on investment over the long term in the Bengaluru real estate market, which is currently experiencing significant growth. Buyers can investigate these areas and select the one that best suits their investment objectives and preferences with areas like Binnypet, Devanahalli, and Doddaballapura emerging as important investment destinations. 

ong-term success is likely for developers and investors who can adjust to these changes and overcome the obstacles.

Investment Strategies for Bengaluru Real Estate in 2024: Tips and Advice for Buyers

Examine market trends and projections to find potential investment opportunities. 

Think about making investments in micro markets that provide buyers with affordable options, like Binnypet, Devanahalli, and Doddaballapura.

Find homes with amenities that support a healthy lifestyle and enough space for a home office to achieve a better work-life balance.

Before making an investment in any property, consider the reputation, performance record, and financial stability of the builder.

Pre-launch or under-construction properties might be worth investing in because they provide a higher return.

Invest in a variety of real estate, such as apartments, villas, or plots, to diversify your portfolio.

To obtain the best possible price, bargain with the builder or the seller.

Before investing in any property, make sure that all legal requirements, such as title verification and documentation, are satisfied.

Get in touch with a professional real estate investment platform like Houseliv to help you navigate the market and make informed investment decisions.

Houseliv is an online platform offering the best properties in cities such as Chennai, Bengaluru, and Hyderabad. Houseliv offers a wide range of products from commercial to co-living spaces. Visit our website for more investment details.

Frequently Asked Questions on Bengaluru Real Estate Market Forecast 2024:

Q1. What will happen to the property market in Bengaluru in 2024?

Bengaluru has become one of the top property markets in the APAC region to watch out for, according to Knight Frank’s “Asia-Pacific Outlook 2023.” The residential market in Bengaluru, which is projected to grow by 5% annually, is the second-best market out of the 24 markets the report is tracking, according to the report. This is fantastic news for anyone looking to invest in the Bengaluru real estate market, both buyers and sellers.

Q2. Will real estate prices go down in Bengaluru?

The price of the property in Bengaluru has reduced by 2% in the last year due to the pandemic. The price of the properties has been reduced to ensure that the properties are made more affordable to the buyers. However, it is expected to rise in the future once the pandemic is settled and everything is back to normal.

Q3. What is the trend in real estate in Bengaluru?

The trends followed by the Bengaluru realty market include various reformations taken by the government, the affordable housing segments, co-living, and senior living spaces, etc. Various changes have been brought in the landscapes of Bengaluru to make it an ideal location for real estate investment.

Team
Houseliv Realty





Friday, September 20, 2024

Only digital e-khatas from September 30 for BBMP properties in Bengaluru

Starting September 30, physical khatas will be phased out as the Bruhat Bengaluru Mahanagara Palike (BBMP) launches its digital e-katha issuance system.

The civic body has digitised around 21 lakh property records in Bengaluru to implement a fully online, faceless, and contactless e-khata system. Currently, property records are maintained manually in over 5,500 ledgers. The digitisation process began in 2023 following directives from Bengaluru Development Minister D.K. Shivakumar.

Under the new system, BBMP staff will visit properties to capture GPS coordinates, which are mandatory for obtaining the BBMP e-khata. Tushar Giri Nath, Chief Commissioner of the BBMP, stated in a release, “The GPS coordinates will serve as the unique identifier for your property and are essential for the faceless, contactless online delivery of all BBMP e-khata services.”

Mr. Giri Nath urged Bengaluru residents to cooperate with civic staff during property visits. Officials noted that this initiative aims to reduce bureaucracy and corruption in khata issuance, while also boosting property tax revenue.

Real Estate Bengaluru


Saturday, August 31, 2024

Bengaluru Plans Major Transformation With Three New Integrated Townships In Bidadi, Solur And Nandagudi @Houseliv

Real Estate News Bangalore Houseliv
The Bangalore Metropolitan Region Development Authority (BMRDA) is set to develop three integrated townships on the outskirts of Bengaluru, reviving a proposal that has been in the works for nearly two decades.

The townships are planned for the suburbs of Bidadi, Solur near Magadi, and Nandagudi in Hoskote. According to officials, the Bidadi Township will be the first to be developed, serving as a pilot project.

“We are focusing on these three areas because they are connected to the Satellite Town Ring Road (STRR),” explained Rajendra P Cholan, Metropolitan Commissioner of BMRDA.

“Bidadi will be the first to be developed. It is strategically located, surrounded by four highways. Our plan is to create an integrated township with a mix of commercial establishments like logistics parks and data centres, alongside high-rise residential units,” he added.



Planned townships on map. (Artha Midas)

Nandagudi was selected due to its location along the under-construction Bengaluru-Chennai Expressway, while Solur was chosen for its proximity to Nelamangala and Bengaluru, Cholan added.

As part of the preparatory work, BMRDA has reached out to Namma Metro to assess the feasibility of extending metro connectivity to these regions. In addition, the Bangalore Water Supply and Sewerage Board (BWSSB) has been asked to develop infrastructure for supplying potable water to these areas.

The BMRDA has several tasks ahead as it moves forward with the project. The authority is seeking state government approval to notify a large parcel of land for acquisition. Additionally, it is gearing up to prepare a detailed project report (DPR), while the Bengaluru Urban district administration will conduct a social impact assessment study.



Cholan noted that the government has already deployed three land acquisition officers to begin groundwork for the project. “We will also establish an engineering wing, and the file is currently awaiting approval from the finance department,” he said. “Additionally, we are in discussions with several financial institutions to secure loans for the project.”

The three regions were part of a broader proposal made in 2006, during H D Kumaraswamy’s tenure as chief minister, to develop five suburbs, including Ramanagara and Sathanur, into integrated townships. However, the project stalled following a change in government.

In November of last year, the Siddaramaiah-led government established the Greater Bengaluru Development Authority (GBDA), which has the mandate to carry out development work in the BMRDA region.

The region includes 12 local planning authorities spread over 8,000 square kilometres. Similar to the Bangalore Development Authority (BDA), the GBDA is expected to handle land acquisition and engineering work for the proposed townships.

Houseliv Realty 



 

 

Bengaluru India's Biggest Real Estate Market In Last Quarter, Says Report @Houseliv




Bengaluru Houseliv Realty: The IT hub has emerged as the leading residential real estate market, with a sale of 18,550 units last financial quarter, said a report from Real Estate Intelligence Service (REIS) of JLL Research on Thursday.


The report also pointed out that new launches in the city increased by almost 45 per cent, with 16,537 units.


Sustained demand for property in Bengaluru supported by the booming IT sector, infrastructureupgradation programmes and conducive business environment has been attracting several national and regional developers to the city, resulting in healthy launches every quarter, said Rahul Arora, senior managing director (Karnataka & Kerala), JLL India.Houseliv Realty

According to him, in Bengaluru, Whitefield contributed 47 per cent of the new launches, followed closely by Hosur Road and Bellary Road.


The upper-mid segment apartments (priced between ₹ 1 crore and ₹ 3 crore) held a dominant 62 per cent share in the last financial quarter.


"Whitefield continues to hold its dominant position driven by its office sector expansion and recent extension of the Namma Metro. The corridor connecting Whitefield to Kempegowda International Airport through Budigere Cross has attracted several reputed developers who have announced projects largely within a ticket price range of ₹ 1 crore and ₹ 3 crore," said Arora."Interestingly, around 25 per cent of Bengaluru's sales were contributed by projects launched during the first six months of the year, signalling strong buyer confidence in such developments," said Samantak Das, chief economist and head of research and REIS, India, JLL, adding that the city's unsold inventory too registered a perceptible dip.

Bengaluru Real Estate


Monday, October 30, 2023

Soon, you can check property's legal status in Bengaluru houseliv


Bengaluru: Property buyers will soon be able to check if the property of their interest is stuck in a legal tangle or has a clear title as the e-governance department is in the process of mapping all properties facing court cases and litigation.
The comprehensive database, which will be made public, will help property buyers check the legality of the property by using the corresponding property ID.


"There is confusion among buyers who are scared that they might end up buying properties under litigation. The database will clear the confusion and act as a one-stop destination for all details about the property," a senior official from the e-governance department said.
Owing to the lack of information, there have been numerous frauds and multiple court cases have been registered against a single property. Noting such developments, the Karnataka High Court had at multiple instances instructed the state government coverage all information sources.
Real Estate Bengaluru

Hosakerehalli Bengaluru Real Estate market forecast 2025 @houseliv

          HOSAKEREHALLI BENGALURU REAL ESTATE MARKET HOUSELIV REALTY Hosakerehalli's real estate market is experiencing growth with incr...