Bangalore Property Prices and Projects

Here is an exclusive Review compiled after obtaining data from various sources. Note we have only included standard and really good quality property skewed towards lifestyle living.

Central Bangalore: Rs 12,000-15000 /sft
Scarcity of land has resulted in nominal residential development, reduction in number of units in a project, and redevelopment of old residential units in the region. Approximately 4MM sq ft is expected to come up in this region in the next 2-3 years. These areas still witness a steady demand for premium developments.

Bangalore North: Rs 2,500- 4,500 / sft
Opening of international airport at Devanahalli, improved connectivity to the city through four-lane Bellary Road and availability of large land parcels has led to rapid development in this region. Most of the development in the region is villa or plotted development priced in the range of Rs12MM for mid level market to Rs25MM for high end users.
Region is expected to witness a supply of approx 10MM sq ft in the next 2-3 years.

Bangalore East: Rs 2,500- 3,700 / sft
Region is witnessing a varied mix of developments ranging from high-end villas to row houses to condominiums. NRIs and IT sector employees are driving demand for self sufficient gated communities coming up in the region. About 18MM sq ft of supply is expected to come in this region in the next 3 years

Bangalore West: Rs 2,800 – 4,000 / sft
Land scarcity has limited the number of developments coming up in this region. Key developments include Mantri Greens and Brigade Gateway. Approximately 4.6MM sq ft is estimated to come up in the region by 2009-2010.

Bangalore South: Rs 3,000- 6,000 / sft
High concentration of residential projects coming along the Sarjapur Outer Ring Road due to proximity to the IT corridor. In anticipation of the upcoming Knowledge City and NICE Project, many developers including Brigade, Sobha, DLF, Mantri and Purvankara have planned their projects in this region. Most projects launched in the region in 2004-2005 are now completed and are ready for completion leading to increased supply of mid segment apartments. Hence the rental/capital values have stabilized in the region. Approximately 27.7MM sq ft of supply is expected to come in this region by 2009-2010.