Bangalore Property Market Review

Bangalore Property Market Review

Bangalore Property market has always withstood the test of time. In this post I am presenting a brief review on the Bangalore Property market’s performed over the last few months.

Key points:

  • Bangalore property market remained steady over the last six months.
  • Mid segment properties ( Rs 40-70 Lakhs) have done well in the South, East and North Bangalore
  • Bellandur, Whitefield and Marathahalli saw the highest increase of around 15% in average capital values in the last one year.
  • RT Nagar and Malleswaram in North Bangalore saw the maximum rise of about 20% in the average rental values in the last few months.
  • The maximum new supply in the property market was in the budget range of Rs 30- 50 Lakhs.

Preferred Localities:

For buying and Selling:

  • Capital Values across Bangalore recorded a significant change in the Jan-Mar 2014 quarter compared to Oct-Dec 2013 Quarter.
  • Koramangala (7%), Marathahalli (5%) and Rajarajeswari Nagar (5%) areas showed an increase in the capital values.
  • The most preferred localities are Whitefiled, Bannerghatta Road and Sarjapur. The reasons for this are improved connectivity, proximity to work places and Outer Ring Road.
  • Electronic City area has wide variety of options in the budget range of Rs 40-60 Lakhs and is one of the affordable localities in Bangalore

Bangalore Property market buying selling

For renting:

  • HSR Layout is the most preferred location for renting. It is connected well to Koramangala,Electronic City and Sarjapur Road.
  • The highest rental values are prevailing in Koramangala and Bellandur areas.
  • Localities close to work places like Bannerghatta Road, Electronic City, Sarjapur Road and Marathahalli continued to be affordable in terms of rental values.

Bangalore Property market renting

Demand And Supply : City level

The property supply across Bangalore has exceeded the demand. The supply of builder floor apartments is way above the demand. The demand for multi-storey apartments in Bangalore was a mere 4% higher than its supply. The current unsold inventory in Bangalore Property market is around 40,000 units. The properties in the price range of Rs 60-80 Lakhs have high demand.

Budget Wise -Demand & Supply:

Bangalore Property market Demand supply budget

Property Type – Demand & Supply:

Bangalore Property market Demand supply type

BHK wise – Demand & Supply:

Bangalore Property market Demand supply bHK

Real estate industry and property investors  both have  lot of expectations from the new Government. Real estate industry is looking forward to the implementation of Real Estate (Regulation and Development) Bill in this budget sessions of the Praliament. And the end users (buyers) are looking forward to tax sops for investments in properties. Let us wait till the budget session which is scheduled for next week for more information.

(Source & Reference: Propindex,Magicbricks)

About The Author

  • smita says:

    Hi ,

    I am planning to buy 2BHK in White breeze Bhumi project , BSR developers in Nagaodonahalli,Whitefield area.

    Is it good to invest here ? i am not sure about this project as this area is still developing.

    Kindly help ASAP , How reliable BSR Developer is?

    • Sreekanth Reddy says:

      Dear Smita,
      As of now, I do not have much info about this location (Nagaodonahalli) & project.
      Suggest you to consult a local real estate agent and/or civil lawyer.

  • basaraj says:

    Dear all

    If you need any help in property loan you can call 9980007772 or 08042024480

  • Balan says:

    Dear Mr.Sreeshanth,
    Appreciate your answers in a professional way.I would like to get clarification for the following.
    I am planning to sell my 3bhk flat apartment at Bangalore and I need my old 2003 CMC Khata provided by the builder to be converted to BBMP Khata. Please let me know the formalities, the convertion amount, time required and the documents required for this.
    Also appreciate if you can provide the contact no/email of any reliable agency who can do this in Bangalore.

  • Vadi says:

    hi Sreekanth,

    there is an investment option for Ozone devanahalli project 10:80:10 with no EMI for 2 years and buy back guarantee after two years for NRI customers.

    is there way we can consult you not like this in public forum? let me know

  • Hari says:

    Dear Srikanth,
    Hope you are well. I am from Dubai and planning to invest in Bangalore real estate. I can wait for few years for if returns are good. please help me with following answers
    1)Best option to invest in 50 – 75 Lakh
    2)list of developers/projects I can invest to get best return in coming years
    3) 2/3 bedrooms
    4)is it best to buy in home loan or paying from my income? or any other?
    5)As an NRI any other things/tips?


    • Dear Hari,
      Is this for self-occupation? (Are you planning to returns and stay in this property / your parents are going to reside?)
      Do you have any other loans? Are you looking for a Flat / an independent property?

  • praful shah says:

    beter life plan

  • Devenn says:

    Hi Sreekanth! Excellent Bangalore property review. I’m a self employed professional, living in a rent flat in Bangalore city. I wanted to know that how difficult it is to get home loan for self employed professionals like me. I want to buy a 2BHK in Bangalore.

    Kind Regards,

    • Dear Devenn,
      Thank you and nice to know that you have liked my review on Bangalore property market. For a self-employed person, the eligibility depends on factors like your Business income, assets & liabilities, co-applicant’s income (if any), stability & continuity of your business income etc., If you do not get the required loan amount from nationalized banks then do check with NBFCs (Non-Banking Finance companies like DHFL, LICHF..). Generally NBFCs charge higher rate of interest.

  • ssk says:

    Advocate Selvakumar Bangalore is a Leading advocate, especially in Property matters,
    Legal opinions and Litigationsdealing with real estate property matetrs,
    most trusted legal adviser in Bangalore

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