Bangalore Residentia Demand Vs Supply - Historical Data

Bangalore continues to witness steady absorption trends and high launch activity. This is seen in the strong operating trends reported by Bangalore based developers (Sobha/PEPL/PVKP). Additional launch pipeline also remains strong going into CY13 which should keep the absorption trends healthy. New launches last month include Purva Sunflower (Magadi Road at Rs6.5K) and Sunworth (Kengeri) and Sobha’s launch in Rajaji Nagar (at Rs10.5Kpsf). Prices in the new launches however have been fairly high. Overall prices in the market have appreciated meaningfully in the market, which could constrain affordability ahead. Unsold inventory has remained largely stable at 18 months as strong absorption is also accompanied with big launches.