Get flats for sale in Bangalore
The real estate situation of Bangalore has been the talk of the town over the last year or so. This city has become popular among home buyers who are looking for properties in all segments. The city is definitely bringing in a considerable amount of business for the realty developers in India. There has been a healthy demand for housing solutions being witnessed in this city. Reports doing the rounds in the media have been constantly harping on the fact that the residential absorption rate in this market has been consistently high in all the quarters of 2014. The figures according to these reports have seen a remarkable growth when compared to last couple of years. This kind of growth has not been seen in any of the major metros across the country. In fact some markets have been witnessing a slump.
One of the main factors that are driving growth for real estate developers in India is the Information Technology industry. If this industry is a positive zone, then the real estate industry will also prosper. If there is a slump in the IT industry the real estate market will also face a slump. Currently the IT industry is experiencing a positive growth spurt and this is aiding the growth of the real estate sector.
Another factor to take into consideration is pricing. The rate of flats for sale in Bangalore can range between INR 5000 to 30000 per square feet according to reports. This shows that there are both affordable housing options and luxury housing options available in the city. In 2015, Bangalore property prices are rising with each passing quarter. There is a voracious appetite for the affordable housing segment in the city.
A 2BHK and 3 BHK flat for sale in Bangalore has been on the top of most buyers’ purchase list. They are also looking for villas and 4 BHKs here. Apartments which are sized between 1001 to 1250 square feet came out on top as far unit size preference is concerned in this market. This is followed by the 1251 to 1500 square feet range and the 751 to 1000 square feet range. The most preferred budget range for apartments here falls between INR 30 to 40 lakhs. This is followed by the INR 40 to 50 lakhs range and the INR 20 to 30 lakhs range. Buyers are looking to buy properties in Bangalore which were priced less than INR 2000 per square the most in Bangalore. This is followed by the INR 3001 to 3500 per square feet range and the INR 3501 to 4000 per square feet range.
Some of the top localities amongst the buyers are micro markets which have a good presence of the IT and ITeS companies. Micro markets such as Electronic City, Sarjapur Road, Whitefield, Marathahalli, KR Puram and Yelahanka have emerged as top choices among property seekers here.