City realty market upbeat
Bangalore residential market continued to remain upbeat despite the slowdown witnessed in other cities. Strong end-user driven demand and realistic pricing have aided the City in sailing through unfavourable economic conditions and sustaining its absorption levels. The City's residential market has proven to be quite resilient in the face of weak economic conditions, according to Avinash Rao, Regional Director (South) Knight Frank India. On the price front, a number of factors such as the lending interest rate, inflation rate and other economic conditions that can affect purchase decisions of a buyer will determine the demand for housing and price appreciation. Marginal appreciation is envisaged in a few micro-markets like Hebbal and Sarjapur Road with considerable IT/ITeS presence. On the commercial market front, Bangalore strove to maintain a steady pace of office space absorption this year. Slight slowdown in office space absorption was observed in the last two quarters. Whitefield and ORR will continue to be preferred office market destinations in the City. Hebbal and other key areas in North Bangalore may see greater interest.
DHNS
Affordable housing
Smart Value Homes Limited (SVHL), a 100 per cent subsidiary of Tata Housing Development Company Ltd, announced its foray into Bangalore with the launch of its affordable housing green township, off Tumkur Road.
DHNS
Bangalore residential market continued to remain upbeat despite the slowdown witnessed in other cities. Strong end-user driven demand and realistic pricing have aided the City in sailing through unfavourable economic conditions and sustaining its absorption levels. The City's residential market has proven to be quite resilient in the face of weak economic conditions, according to Avinash Rao, Regional Director (South) Knight Frank India. On the price front, a number of factors such as the lending interest rate, inflation rate and other economic conditions that can affect purchase decisions of a buyer will determine the demand for housing and price appreciation. Marginal appreciation is envisaged in a few micro-markets like Hebbal and Sarjapur Road with considerable IT/ITeS presence. On the commercial market front, Bangalore strove to maintain a steady pace of office space absorption this year. Slight slowdown in office space absorption was observed in the last two quarters. Whitefield and ORR will continue to be preferred office market destinations in the City. Hebbal and other key areas in North Bangalore may see greater interest.
DHNS
Affordable housing
Smart Value Homes Limited (SVHL), a 100 per cent subsidiary of Tata Housing Development Company Ltd, announced its foray into Bangalore with the launch of its affordable housing green township, off Tumkur Road.
DHNS
