Most regions in the top metros have seen prices soar by double digit percentages in the last three years with areas in some areas in Bangalore and Chennai witnessing high price gains, according to a study on realty prices in the metros over the last three years.
Commenting on the same Vineet Singh, Business head, 99acres.com said “The real estate market in metros has always been an attractive destination for buyers because of its high returns on investment.
“The North Bangalore corridor, especially the areas around Hebbal, seems to be developing into a Manhattan of sorts with a wide range of high end projects on offer by reputed developers. The new international airport is finally delivering expected returns for the real estate fraternity with a whole lot of offerings from budget homes starting as low as 20 lakh to super luxury villas in excess of five crore. The bullish trend will get even better once the elevated expressway is commissioned. The Chennai market is relatively strong and stable in nature as indicated by the year on year healthy price increase. Therefore end-users/first home buyers can look to buy property at the current rate as prices are expected to grow at a similar pace over the next twelve months as well,” he added.
North B’lore prices
North Bangalore has seen price rise by 48% in 2012 when compared to 2010. South and East Bangalore saw prices appreciate by 27% and 26% respectively. Central and West Bangalore on the other hand have seen less price gains with per square feet rates increasing by a minor 9% and 6% respectively during the same time period.
Northern and western regions of Chennai saw 41% and 38% increase in prices, while South Chennai saw stable price levels.
The NCR and Dwarka region of Delhi has seen massive price rise over the last few years. Most regions in the Mumbai area also show massive price growth. Kolkata has also seen price appreciation over the last three years.
However, the prices in the city are much lower than the other top metros in the country.
Source: Deccan Herald
Apartments, Flats and Property for Sale in Bangalore
Sep 21, 2016
Mahaveer Zephyr is a residential development of Mahaveer Group. It is located off Bannerghatta Road,..
Sep 16, 2016
Salarpuria Sattva Opus has pre- launched Bangalore a Premium Gated Community Residential..
Sep 14, 2016
Goyal Orchid Whitefield project is spread across 7 acres of land and it offers 1, 2, 2.5 & 3 BHK housing apartments with comfortable..
Sep 08, 2016
Area: 1272 sft.
Car Park: 1 slot.
Price: 1.05 Cr. Incl. 1 Car park & deposits..
Aug 30, 2016
Codename five rings is brand new venture of developer, nicely instituted at Sarjapur in Bangalore,..
Aug 29, 2016
Legacy Estilo Bangalore offers 1, 3 and 4 BHK apartments for buyers and consists of 58 units in all...
Aug 24, 2016
Peninsula Land is now in Bengaluru, with a luxurious gated residential complex “Peninsula..
Aug 22, 2016
Legacy Celino is located in Thanisandra, Hebbal to Airport in Bangalore. Legacy Celino is currently a..
Aug 16, 2016
Bhadra Legacy is a modern luxurious living space at a premium location of Bangalore, MG Road. The 19 super luxurious apartments offers a..
Aug 11, 2016
Godrej 17 brings to the market a wide range of apartments for families of all sizes at an affordable price..
Apartments, Flats and Property for Rent in Bangalore
Sep 16, 2016
Fully furnished Flat for Rent at Cookes Town ( Lloyd Road) 3 BHK with Car Parking, Lift, Power Back up,
24hrs water, Good Location with all..
Jul 25, 2016
The House available for Rent is in the First floor
The locality of house is Near Koramangala
and Outer Ring Road
House No. 12, 19thA Cross, Near..
Jul 02, 2016
Flat for Rent at Cookes Town 2 BHK with car parking 24hrs water, Lift, Power Back up, Good Location with all Basic Fecilities. Rent0..
May 28, 2016
A spacious 3 Bedroom flat is available for Rent in Kadugodi, Bangalore. It is located on the 2 Floor. It has a covered area of 1650 Sq-ft. The..
May 24, 2016
2bhk ready to move closer too all basic needs
closer to all IT CO. very good and safe..
May 02, 2016
Flat for Rent at M.G Road (Vittal Mallya Road ) 2 BHK Ground Floor Built up - 1340 sq feet, North Facing 24hrs water, Lift, Power back up, Good..
Apr 28, 2016
New Flat for Rent at Frazer Town 2 BHk with car parking Lift, power back up,24hrs water Good Location with all Basic Fecilities, Rent..
Apr 12, 2016
3bhk Pent House For Rent in Akme Ballet Apartment For 52k Call SAIF
Size: 3BHK (2300sft)
Area: Outer Ring Road, Dodda Nekundi, Bangalore
Mar 19, 2016
Rs20000 / 2br - 1100m2 - 2 BHK house for rent (kundanhalli..
Mar 18, 2016
*SPACIOUS FLAT WITH EXCELLENT DAY LIGHT( NATURAL LIGHT) AND AIR CIRCULATION
* Furnished with Sofa set, TV cabinet , Double bed , Exhaust Fans,..