Bangalore Real Estate Gets Into Resurrection Mode

With a view of addressing infrastructure woes of Bangalore, the Karnataka Government has chalked out a comprehensive plan to invest US$ 15.73 billion to improve the infrastructure in the state which is highest among all states in the country. Due attention has been given to the peripheral areas as well, and Whitefield is among the most talked about real estate markets in Bangalore currently. Whitefield is located on the periphery near ORR where lots of infrastructure and real estate development activities are taking place. The location is merely 3-km from KR Puram Railway station, 2.5 km from Ring Road and bordered with international school and medical facilities.

The main thrust will be on the development of Outer Ring Road (ORR) region to solve the problem of traffic congestion and to meet the requirements of industries. After facing a fall in the corporate interest, real estate market in this area is slowly catching up as the infrastructure and connectivity in and around the place is improving with availability of transportation means.

Real estate scenario

Office rentals in Bangalore have not seen any noticeable fall in the past 5-years, property brokers say. Office rental in Bangalore has been at sky high, as far as CBD and other prime commercial locations are concerned. However, the demand level has been gradually going down with unprecedented hike in the rental levels. But we can interpret the phenomenon with market slowdown," says a Bangalore based property broker.

Emerging picture

Looking at the overall state of real estate industry in Bangalore, a drop of about 15-20 per cent in transaction volume has been witnessed in residential real estate in Bangalore, in the past quarter, say developers and property brokers. However, the city is picking up in the segments of plotted development, luxury villas, apartments and penthouses. Meanwhile, developers are coming up with innovative marketing strategies and schemes to attract property buyers.

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Real Business Establishment, Real declarers

Concorde group is one of the oldest real estate industries, when real estate was meant to be in its infancy, when more and new variety is expected from government and developers, then two visionaries came together to establish its name in real estate market in Bangalore.

Concorde Group comes up with the valuable experience, and a keen sense of design, experiencing knowledge along with able administration and business, by bringing their valuable experience and knowledge it is one of the most authentic and most prominent real group in Bangalore, taking care of all its visionaries and departments.

Concorde Group review not only change the perception of living but also redefine the standard of living for an individual, and building this group as a world class company.

Concorde Group was set in 1998 and developed in over 18 million sft in residential space, with rocketing growth in IT industry in Bangalore, it has an ability to deliver home with world class and modern designs, it has changed the way of living luxurious life for an individual with comfort.

Concorde projects review are made with love and passion with maintaining seclusion and privacy to get great living away from pressure of work day, by providing relaxing environment, leaving behind its long lasting value and benchmark quality on its customers.

Bangalore Enjoys the Real Estate Downpour!

The demand for buying a property in Bangalore has triggered a spate of residential, commercial and retail developments in the city. Reputed builders and developers are moving to the suburbs of Bangalore finding a shortage of space in the main city.

Bangalore comes with many choices for a residential space. As per individual needs and budget one can settle for 1 BHK apartment or a lavish villa. Before purchasing any property plenty of attention should be given to the location. A centrally located property in this tech city demands a heavy price while that in the suburbs may fall in an affordable range. Residential properties in areas like Whitefield, Off Cunningham Road, Sadashiv Nagar etc., are a favorite among the elite. However, if you want to purchase a property in Bangalore, but not in the posh localities then you may opt for Koramangala, Jayanagar, BTM Layout, K.R.Puram, Madiwala, Indira Nagar, Malleshwaram, Banshankari, Marthahalli and HSR Layout offering budget properties.

By and large, the huge influx of IT professionals coming to Bangalore to pursue their career goals increases the population count as well as the demand for residential properties. The deficit in the availability of properties has stirred the real estate market in Bangalore. The highest property demand in Bangalore comes from the middle working class. This segment of the society is actively participating in the real estate market to find a decent and affordable living space in the city. The developers have started developing affordable residential townships in full swing. This indeed is the right time to own a residential property in Bangalore.

Commercial and retail developments in Bangalore indirectly amplify the demand for properties. High paying IT jobs, world-class malls for shopaholics and an upgraded lifestyle makes Bangalore look more appealing in the eyes of potential buyers. Real estate in Bangalore is beaming with life not only because of the domestic buyers, but it has NRI investors pouring in like never before. The significant appreciation in the prices of properties has encouraged the NRIs to invest more for profitable returns. If the residents of Bangalore do not act swiftly towards owning a home, the city will soon see a stage when NRIs will own the city by and large. The only concern is NRIs have been purchasing properties in the city for investment sake to yield better profits while for the residents it is a basic necessity.

The suburbs have come as a relief for the government and the private builders. All types of properties in the suburbs of Bangalore, whether residential, commercial or retail, fall within the affordable bracket for many. Are you still indecisive? It's now or never!

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