Due to the economic slowdown, there have been many fluctuations in the Bangalore real estate market. Thus there have not been many price corrections, nevertheless the market has a huge demand coming from the middle classes who are mainly into the IT and ITes sectors.
This is opportune for high net worth individuals because in Bangalore, the demand is currently poor for realties and the fact of the matter is that the builders and developers have to concede a discount to the middle class purchasers.
Due to these facts, Builders and developers have started making apartments that are smaller in size so as to both maximize their profits and also make the flats affordable in the bargain.
The major areas of middle class consumer demand who work in the IT and ITes sector, are currently in North Bangalore in Whitefield and ORR corridor & the famous electronic city. South Bangalore is picking up fast as regards these matters and is now replete with infrastructure of various sorts, the kind of which are very appealing to clients.
Thus we can say that the South Bangalore market is driven by consumer demand and has seen 35,500 units in the last year and is projected to see many more in the next year, namely 2015.
This is opportune for high net worth individuals because in Bangalore, the demand is currently poor for realties and the fact of the matter is that the builders and developers have to concede a discount to the middle class purchasers.
Due to these facts, Builders and developers have started making apartments that are smaller in size so as to both maximize their profits and also make the flats affordable in the bargain.
The major areas of middle class consumer demand who work in the IT and ITes sector, are currently in North Bangalore in Whitefield and ORR corridor & the famous electronic city. South Bangalore is picking up fast as regards these matters and is now replete with infrastructure of various sorts, the kind of which are very appealing to clients.
Thus we can say that the South Bangalore market is driven by consumer demand and has seen 35,500 units in the last year and is projected to see many more in the next year, namely 2015.
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