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Bengaluru: Top investment bets in 2017

Bengaluru: Top investment bets in 2017

At a time when property experts are anticipating good times ahead in Indian real estate, Bengaluru property market will remain the top investment choice in 2017.

Bengaluru has recently been ranked number one based on investment prospects in a report prepared jointly by Urban Land Institute (ULI), along with PricewaterhouseCoopers (PwC). The report stated a strong shift towards two emerging Indian cities (Bengaluru and Mumbai) in the entire Asia Pacific region. In 2016, Bengaluru ranked 12th in ‘Historical Investment Prospect Rankings report’*.

Property analysts also predict that Bengaluru – the IT capital of India – is proving to be a bright destination for real estate investors. It is positive sign for Indian real estate that Bengaluru has emerged first in investment and development parameters for 2017. This is a big story for realty developers and end-users too.

According to R Rohit of brokerage firm RR Real Estates, “All thanks to booming civic infrastructures, new residential projects launch, establishment of Information Technology Services at large scale, BPO sectors that have been driving the Bengaluru residential as well as commercial property market for long”.

“We are very hopeful and happy that Bengaluru property market is gaining more prominence at the onset of New Year. This positive data will attract more and more investors as well as new home buyers to the market,” Rohit says.

Roundup 2016 for Bengaluru property market:

In a report released by real estate consultancy firm JLL India indicated that retail and commercial space are buzzing with many real estate activities while residential space is seeing less buyers. Bengaluru and Pune realty markets have emerged as new realty hotspot which will see price appreciation over time.

According to the report – retail spaces, especially malls are experiencing healthy rate of takeoff and occupancy, just because of favourable policies that have boosted the market after three years of drought. Policies such as 100 per cent FDI in single brand retail, relaxation for multi brand retailers and revised Model Shop and Establishment Act (that allows shops to remain open 24X7) have attributed for the rise in space offtake. The demand for retail space has picked up really well but there is a shortage from supply side. Market stature is experiencing robust demand but not many new malls are being built.

The real estate market of Bengaluru has been always the star performer in terms of highest counts residential units as well as office space absorption. In April-June quarter too, the city performed exceedingly well. About 48 per cent of the total units is accounted for Bengaluru, followed by Pune 21 per cent and Mumbai 16 per cent in this current quarter.

According to the report by Colliers International, India, The high volume of new launches during the second quarter was primarily driven by top six metro cities – Bengaluru, Pune, Mumbai, Chennai, Gurugram  and Noida.

According to the latest report released by real estate consultancy firm JLL India also, Bengaluru and Pune would be the two markets which would see a favourable price rise over a period of time. Bengaluru’s performance is noticeable as new launches have almost doubled from first quarter at nearly 11,500 units at the end of April-June quarter.

Bengaluru Metro Phase II to boost realty

Taking another step towards hassle free connectivity within Bengaluru city, Bangalore Metro Rail Corporation (BMRC) is working on expanding the proposed Namma metro network through phase II. The new phase of metro is likely to be completed by December 2020. Ahead of this, the real estate fraternity looking forward and say investment in property along the route will pay rich dividends. The demand for both residential and commercial property in the region is likely to increase.

*As quoted in http://www.pwc.com/sg/en/publications/assets/aprealestemerging_2017.pdf

Top 5 Real Estate Developers in Bengaluru

Top 5 Real Estate Developers in Bengaluru

The real estate market of Bengaluru is driven by the establishment of several IT companies, advent of new metro and smooth infrastructure in the city.

Bengaluru real estate market has good supply of residential as well as commercial property which gains high prominence among the new home buyers and investors across the country. Major top and reputed realty developers and builders of India have a presence in the city. The end users and real estate investors have high expectations from this market. Realty experts say that the housing prices will appreciate significantly in near future because it is a fast developing city. There are many Special Economy Zone (SEZs) in the suburb like Varthur Hobli, Kundalahalli Village, Begur Hobli and Anekal Taluk that contributing in the vibrant market of the city. Six out of nine Namma metro lines have become functional this year. These are the main reasons why property prices have been increasing in Bengaluru. Presence of good educational institutions in the city attracts large number of students from other parts of the country every year. This has led to the greater demand of rental accommodation, hostel and paying guest apartments. To cater this rising demand, developers have been constructing new residential projects in the city.

happykyes lists the top 5 real estate developers in Bengaluru. These realty players have ranked top on the basis of number of new launches, units sold and project delivered.

Top 5 Real Estate Developers in Bengaluru

Prestige Group

(30 years of experience, Total projects – 124, ongoing projects – 57)

Prestige Group is one of the major realty player of the Bengaluru city. The venture came into existence in the year of 1986. The group is owned by Mr. Razack Sattar. The company has been honored with FIABCI award for excellence in providing top residential facilities and developing technology enabled projects. The realty firm also rank top in the list with highest number of units sold from January 2016 to June 2016. The builder has completed 184 projects and in addition to this, they have another 57 ongoing projects in the city. Residential projects lined up in the city include Prestige Song of the South, North Point Kalyan Nagar, and Déjà vu in Frazer Town etc.

Brigade Group

(30 years of experience, Total Projects – 76, ongoing projects – 37)

Brigade Group has been in the real estate development for the past three decades established in the year of 1986. The builder headquartered in Bengaluru is one of the South India leading construction company. The group is owned by Mr. P.V. Maiya. The company is operational in several cities in South India.

Top residential projects delivered by company till date include Brigade Cosmopolis in Whitefield, Bangalore comprising of 12 blocks of 2 and 4 BHK apartments with sizes ranging from 1,250 sq. ft. to 3,720 sq. ft., Brigade Wisteria in Kanakapura Road, Bangalore comprising of 2 and 3 BHK apartments with sizes ranging from 1,010 sq. ft. to 1,430 sq. ft., Brigade Omega in Subramanyapura, Bangalore comprising of 2, 3 and 4 BHK apartments with sizes ranging from 1,320 sq. ft. to 2,990 sq. ft.

Godrej Properties Limited

(26 years of experience, Total projects – 51, ongoing projects – 49)

Godrej Properties limited is a leading realty developer which is a part of the distinguished Group. Established in the year 1990, Godrej properties have gained expertise in constructing residential and commercial infrastructure. It is a first real estate company to have ISO certification in building construction. The company is owned by Mr. Adi Godrej, Chairman of the Godrej Group.

Top residential projects delivered by company till date include Godrej E-City in Electronic City Phase 1, Bangalore offering 1, 2 and 3 BHK apartments, Godrej Gold County Near Peenya Industrial Area,Bangalore comprising of 4 and 5 BHK apartments, Godrej United in Mahadevapura, Bangalore offering 1 -4 BHK apartments with sizes ranging from 613 – 2956 sqft. etc.

Puravankara Projects Ltd.

(41 years of Experience, Total Project – 51, ongoing projects- 24)

Established in the year of 1975, Puravankara Projects Ltd. is a reputed construction company in country involved in the development of both residential and commercial properties. The company is owned by Jackbastian K. Nazareth. Provident housing Limited, which is a wholly owned subsidiary of Puravankara that offers affordable housing solutions to buyers.

Top residential projects delivered by company till date include Purva Scarlet Terraces in Kanakapura Road, Bangalore comprising of 2 and 3 BHK apartments with sizes ranging from 1,339 sq. ft. to 1,841 sq. ft., Purva Whitehall in Sarjapur Road, Bangalore comprising 3 and 4 BHK apartments with sizes ranging from 1,867 sq. ft. to 2,445 sq. ft., Rising City in Electronic City, Bangalore comprising of 2 and 3 BHK apartments with sizes ranging from 650 sq. ft. to 1,250 sq. ft.

Sobha Limited

(21 years of Experience, Total Projects – 117, ongoing projects 47)

Established in the year of 1995, Sobha Limited is among the giant construction company in India. The company headquartered in Bangalore, having residential as well as commercial projects spread over 13 states and 24 cities. The company mainly focuses on construction of residential projects includes luxury and super luxury apartments, villas, row houses and plotted development.

Top residential projects delivered by company till date include Sobha Dream Acres in Balagere, Bangalore comprising of 1 and 2 BHK apartments with sizes ranging from 645 sq. ft. 1,205 sq. ft., Silicon Oasis in Electronic City, Bangalore comprising of 2 and 3 BHK apartments with sizes ranging from 1,365 sq. ft. 1,537 sq. ft.