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Construction : Real Estate | August 2013 | Source : Construction Update

10,500 residential units launched in Bangalore

The second quarter of 2013 saw launch of over 10,500 residential units in Bangalore accounting for 31% of the total launches, says a Citi report. The report points to existence of healthy demand from IT population which had resulted in developers preferring locations like east Bangalore, northern submarket and south-east Bangalore. Mid-end segment accounted for almost 50% of the total launches followed by the affordable category with 34%and remaining in the high-end segment. Residential realty space is expected to witness a stable trend towards both rental and capital values for most micro markets in the next quarter. North Bangalore is expected to witness an uptrend in capital values for both mid and high-end properties owing to continued investor interest.
 
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