Bangalore has witnessed a rise of around 4.5 percent on an average in the property prices in for the period between December 2011 and April 2012.
According to a study carried on by group buying portal, Groffer.com, the price change was observed for 85 projects. The study also observes that while some areas have witnessed some stability in the prices, property rates in some areas have risen by more than 5 percent.
According to a study carried on by group buying portal, Groffer.com, the price change was observed for 85 projects. The study also observes that while some areas have witnessed some stability in the prices, property rates in some areas have risen by more than 5 percent.
"Our survey shows that there were 41% projects where the prices remained stable and another 40% projects where prices were raised by more than 5%," the study revealed.
Th study shows that Bangalore is divided into 2 segments-prices are stable in certain areas like Yelahanka, Electronic City and there are certain areas like Sarjapur Road, Banerghatta Road and Kanakpura Road where prices have increased by more than 5%.
Disparity in price rise
The study observed an 8% price rise in project in Sarjapur Road and 7% price rise in projects in Banerghatta Road. These were clearly the hot demand spots in Bangalore right now. While the average price rise of 4% in projects in Kanakpura Road like Mantri Serenity, Pride Springfields.
However property developers in general did not increase pricing in projects in Yelahanka except for one project- Krishna Northwoods where price was increased by 14%. No price change in North City by HM Constructions, Century Wintersun. According to the study price change in projects in Electronic City like Nitesh Estates,Townsville by Patel Realty, Jain Heights and Itinna was also not observed
Which projects and builders?
- DLF increased prices for Maiden Heights in Electronic City by 13%
- Confident Group has increased prices for most of their projects by close to 10%.
- SJR raised prices for SJR Unity in Brookfields by 15% and Luxuria in Banerghatta Road by 14%
- Biggies like Sobha Developers, Prestige Construction have kept prices stable.
Th study shows that Bangalore is divided into 2 segments-prices are stable in certain areas like Yelahanka, Electronic City and there are certain areas like Sarjapur Road, Banerghatta Road and Kanakpura Road where prices have increased by more than 5%.
Disparity in price rise
The study observed an 8% price rise in project in Sarjapur Road and 7% price rise in projects in Banerghatta Road. These were clearly the hot demand spots in Bangalore right now. While the average price rise of 4% in projects in Kanakpura Road like Mantri Serenity, Pride Springfields.
However property developers in general did not increase pricing in projects in Yelahanka except for one project- Krishna Northwoods where price was increased by 14%. No price change in North City by HM Constructions, Century Wintersun. According to the study price change in projects in Electronic City like Nitesh Estates,Townsville by Patel Realty, Jain Heights and Itinna was also not observed
Which projects and builders?
- DLF increased prices for Maiden Heights in Electronic City by 13%
- Confident Group has increased prices for most of their projects by close to 10%.
- SJR raised prices for SJR Unity in Brookfields by 15% and Luxuria in Banerghatta Road by 14%
- Biggies like Sobha Developers, Prestige Construction have kept prices stable.
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