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Silicon city witness lower rates of properties

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Silicon city of India Bangalore is always at the high demand of housing as it favors a breeding ground for various national and international corporate companies mainly in the IT sectors. But currently the city is experiencing a bit slow down in its realty pace with 7 percent. As per the sources of www.propertkhazana.com various national and multinational corporate houses are more prone to the southern parts of the city as compared to that of Northern and Eastern side.
On the other hand variance in demand with in a city has drop down to a very satisfactory level during last few fiscal terms. Sources of www.propertykhazna.com also reveals that during last few months, though the property rates has gone down to the expectations of the realty house , rental agreement is still on rise for this southern parts of Bangalore which amounts to 33 percent of the total business across the silicon city. For Bangalore East, it is counted as 29 percent for the same category of rental and 17 percent for the Northern side of the Bangalore.
As per the sources of www.propertykhazana.com the rental graph of the southern Bangalore has rose up to three times the previous year as compared to the Bangalore central it is the double the amount of the North industrial areas of the silicon city. For the other parts of the Bangalore it is estimated at 2 to 8 percent drop in rent issues.
Source: NBTVLIVE

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