Latest Trends in Flats and Apartments in Bangalore

BANGALORE, India - May 6, 2016 - PRLog -- IT has been the major growth driver and is responsible for the major real estate development in the garden city. Being a major IT Hub of India , Bangalore has a good Social Infrastructure, Excellent Educational Institutions and constantly up grading Physical Infrastructure. Present promising Residential Micro Markets in Bangalore are Outer Ring Road, Sarjapur Road and Whitefield.

Most of the People residing inside Bangalore are from different Parts of the Country, and also  with various Cultures and Traditions. Students and Highly trained Professionals from multi nationals are also staying in the IT City of Bangalore. The residents of the Bangalore city are well travelled, cultured and with different tastes. So there is an increasing demand for high end residential apartments inside the City particularly in the central business areas such as  Whitefield, Sarjapur Road, Outer Ring Road and in the northern parts of Bangalore such as J.P Nagar.

Bangalore is the most Promising Markets for Flats and Apartments in urban India, since the Residential Property Buyers in Bangalore City are very sensitive in apartment amenities, product quality and also with unit sizes. The segment is mainly driven by People who are serving the IT and ITES Industry. The main driving factors for this segment are Social Infrastructure, Easy travelling to work places, Good Physical Infrastructure and access to medical and educational facilities and more.

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Due to these facilities Electronic City, Whitefield and few areas of North Bangalore are growing in steady demand from the mid income people. However, the rate of price recovery in these areas is not as good as that seen in the eastern or southern areas of Bangalore, primarily because residential prices there are not as attractively low as those in the eastern or southern areas.  Affordable has gained ground in Bangalore City, mainly due to few graded developers in the Bangalore city, who are focusing on their projects with customer segments. In most of the times affordable residential projects are made with reduced unit sizes and compromising on amenities. Also the planned Metro Rail Project at the peripheral ring road has increased demand of Flats and Apartments in the outskirts of Bangalore.

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