Why Unsold Realty Stocks are increasing in Bangalore?

1. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Why Unsold Realty Stocks are increasing in Bangalore? http://gruhakalyan.com

2. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Unsold Realty Stocks are increasing in Bangalore Bangalore is one of the most lucrative markets of real estate in the Indian subcontinent. The interests of the NRIs and the corporate interest and penetration is one of the highest compared to all the markets of India. It is the Silicon Valley of India with many techies of the city and the investors of abroad and the NRIs who attempts to invest in the city. It was evident that the year 2015 during it’s first half was not at all so good with bleak pictures of absorption rates in many cities. But in spite of all these positive factors the absorption rate of the residential sector of Bangalore has touched an all-time low of 1.6 percent during the first half of the year 2015. http://gruhakalyan.com

3. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • Bangalore was no exception in that respect despite so many of the start-ups, new ventures in other sectors other than IT and infiltration of many multi-national and Indian companies in the city. • The later-half of 2015 saw an increase in the absorption rates of the houses, apartments, villas, row houses and even luxury apartments too. • This happened due to the relaxed interest rates of the RBI, relaxed FDI norms and hence increased flow of capital and lucrative offers by the realty developers and builders throughout India. • All these factors also played in Bangalore too and on the absorption rates of Bangalore too. http://gruhakalyan.com

4. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The first half of the year 2015 witnessed all types of real estate development which appreciated in value in sharp contrast. • The maximum amount of price rise happened in plotted development which appreciated the most that is by 17.6 percent. • Next in line were the apartments which appreciated by 9 percent, row houses by 8.8 percent and the villas went up by 1.73 percent. The estimated net addition in the residential unit development was by 29,135 units. • The North West region of Bangalore appreciated the most in price range at a rate of 10.6 percent. http://gruhakalyan.com

5. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The average price of the dwelling units were at Rs. 5, 344 per sq. ft. The other parts of the city like the North East, Central and the South West went on the range of 8 percent to 9 percent to the maximum. • The average size along with the average price increment was in the range of 6 percent from Rs. 5, 226 to Rs. 5,540 per sq. ft. The experts note that there is a possible mismatch in the developers’ offerings in the market and the buyer’s preferences. • The statistics also point out that 33 percent of the dwelling unit inventory is priced above Rs. 1 crore per unit which is way above the affordability and the demand pattern. http://gruhakalyan.com

6. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The average increment of the price of the apartments was in the tune of Rs. 4, 937 per sq. ft. in 2014 which increased to Rs. 5852 per sq. ft. which is a rise of 18.5 percent. • This happened in 2015 and the plots and the villas were noted to have appreciated by 13.1 percent and 34.9 percent respectively. • When it came to the new launches in the city sector wise the maximum new launches happened in the North East region which was about 44 percent whereas the South East region added a supply of 33 percent. • The South West part had a supply of 14 percent and the North West supplied about 8 percent to the inventory of the new launches in 2015. http://gruhakalyan.com

7. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The highest supply of the apartment switnessed in the regions like Whitefield, Electronic City and Sarjapura Road amounting to 42.29 million, 26.63 million and 30.47 million sq. ft. respectively. • The interest of the buyers so estimated was the highest for the apartments which is at 70 percent. The next in line was the interest for the plotted development at 16 percent. • The enquiries for villas, independent houses and row houses were at 3.8, 4.8 and 0.2 percent respectively. The most preferred category in the budget housing was in the price range of Rs. 40 to Rs. 65 lakhs in the prospective places of Bangalore like the South and the Northern region. http://gruhakalyan.com

8. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • But with all the upheavals the scene is that the unsold stock of the city is estimated at 1, 01, 992 units as per a report of the global real estate consultant L J Hooker. • Next in line were the apartments which appreciated by 9 percent, row houses by 8.8 percent and the villas went up by 1.73 percent. The estimated net addition in the residential unit development was by 29,135 units. • When it came to the new launches in the city sector wise the maximum new launches happened in the North East region which was about 44 percent whereas the South East region added a supply of 33 percent. http://gruhakalyan.com

9. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Property Buying Tips : • Pre-launch Flats Vs. Ready-to-move Apartments • Now is the right time to buy a house or property in Bangalore  • How to buy a flat being Cautious to avoid Problems Real Estate Marketing News : • Increase of Smaller Homes in Indian Realty Market • Overview of Bangalore Real Estate Market at a Glance • The accentuating prospects of Devenahalli http://gruhakalyan.com