Property Report

Bangalore is the undisputed first choice for all IT/ITES companies and with the outsourcing of services (BPO’s) in full blast we have witnessed a boom in the city’s economics.

The exploding job market, handsome salaries and the easily available home loans have helped the real estate market to rise meteorically in the last 2 years.

The sudden demand for homes has led to a scramble for construction especially in the South, East and Central areas of Bangalore.

The rates in certain locations like Whitefield, Sarjapur road, Outer Ring Road, Bannerghatta Road, Hosur Road have spiraled at an alarming rate .
Whitefield for example has seen a 100% increase in land rates in just over a year.

This construction boom should continue for the next year and a half at least and with the FDI’s opened up, there could be a spurt in construction in suburban Bangalore, and the city could witness some high quality, fast-paced development on the outskirts.

This should eventually even-out the demand and supply, and we could witness a stabilizing of rates across the city, which would be welcome as the rates of homes are fast getting out of reach.