The era of modernization has facilitated many doors for investment. With options ranging from equity, debt, commodities, etc., it is the property segment that has weathered all adversaries. In the current scenario, investment in property is considered as the safest bet. The bolstered Indian economy, the revolution of IT segment and BPO, large influx of migration towards urban cities has catapulted real estate demand to an all time high and Southern India has witnessed an unprecedented growth in the last 2 decades. Though real estate is booming in every nook and corner, it is imperative for one to research, analyze and understand which location to invest in. Research and analysis from reputed real estate punters point Bangalore as the most profitable province to invest in.
The key features for Bangalore Real Estate Market snapshot as presented by LJ Hooker for QTR 2013 include,
- Apartment projects constitute 82 % of the total Built up area on offer.
- Apartments are the primary market drivers in the product mix with a 76 % supply.
- South East Bangalore comprising Bannerghatta Road, Koramangala, Sarjapur Road, E City, Begur Road, HSR Layout, Hosa Road, Chandapura, etc has shown the maximum sales velocity.
- Bannerghatta Road is the best performing location at 18% of sales velocity in Bangalore.
- Average prices in and around the CBD belt vary from Rs. 8000/- per sft to Rs.16,000/- per sft depending on location and project specs.
- Outright price range on Bannerghatta Road vary from Rs. 4500/- per sft to Rs. 7500/- per sft depending on location and project specs.
- Corresponding Rentals vary from Rs. 20,000/- to Rs. 75,000/- per month.
- Established Brand with proven landmark constructions, which have witnessed outstanding rate of appreciation.
- Premium Locations after careful research and analysis. Resulting in appreciation of Property Value.
- Mythreyi Property Care is a unique value added service by Mythreyi, which assists with reselling, renting your apartment, discounting the hassle of brokers for our customers.
- Superior living conditions, premier specifications and optimum amenities resulting in Mythreyi properties being an alternative in option.