Bengaluru has undoubtedly emerged as the fastest growing city of India since the past few decades and IT sector has been the primary growth driver and has brought about a sea change in the real estate development in the city. Bengaluru is a cosmopolitan with multicultural demographics with a fairly good physical and social infrastructure. There are various micro-market pockets at the Outer Ring Road (ORR), Whitefield, Sarjapur Road and North Bengaluru.
This growth of Bengaluru can be attributed to a fast increasing number of High Net Worth individuals and movement of NRIs and expatriates. The proposed infrastructure by the government and the development of two more Information Technology Investment Region (ITIR) in Devenahalli and Doddabellapur has increased the prospects of Bengaluru even higher. Furthermore the government proposes to develop the Peripheral Ring Road, Signal free ORR, Mono Rail, Elevated Expressways and high speed rail links. All these taken together the prospects are high in the time to come as opined by the real estate experts.
Statistics say that Bengaluru’s residential market will remain highly active in the near future with 2, 43, 000 dwelling units expected to be constructed till 2018. The city of Bengaluru is a prominent IT and ITeS hub of South India which attracts work force from India and abroad too propelling the massive housing needs.
In a study conducted by a renowned global real estate consultancy the projections for supply indicate that about 56 percent of new residential units may cater to the middle income segment, 29 percent to the low income segment and the remaining 15 percent to the high income group. The estimates say that there is a projected gap of demand and supply of 1, 96, 000 units with a shortfall of 38 percent in the High Income Group.
The experts and the market watchers opine that the focus of Bengaluru real estate was on the MIG segment basically due to the large-scale middle level IT workforce in the city. But the estimates say that as the headquarters of many companies and multinationals are located here in Bengaluru and are on the rise the need for the HIG segment housing has surged up to a significant rate. In future exclusive housing for the CEOs may also catch up in demand as foretold by the market observers.
As per the study conducted by the international real estate consultant, the demand for urban housing in India is expected to be about 13 million units by the end of the 2018 on account of the increasing population in the urban areas. This demand forecast is in addition to the already unmet demand.
Although the estimate says the MIG sector is expected to generate the highest volume of demand of 1.08 million units and the HIG housing sector demand is estimated at 0.52 million units. The demand from LIG and MIG segment will constitute 80 percent of the demand in the eight metro cities of India.
The expected supply of residential units which includes the planned and the under construction units as well is estimated at 1.31 million which is estimated to be supplied to all the eight metro cities by the year end of 2018 with the Delhi-NCR region with estimated highest supply of about 5, 16, 000 units in the coming five years trailed by Bengaluru, with about 2, 43, 000 units and Mumbai with 2, 03, 000 units. The expected supply in the LIG segment will be around 21 percent as estimated in the top eight cities while the demand will constitute 58 percent of the total demand supply gap. The Middle Income Segment accounts for the supply of about 59 percent across the top eight cities while it has a share of 23 percent in the demand supply gap. Cities like Ahmedabad, Bengaluru and Mumbai are expected to have the highest shortfall in the gap of demand supply in the MIG segment.
As far as the LIG segment housing is concerned there are many developers who are building low priced housing and in them Dreamz Infra India Limited’s name needs special mention. Notwithstanding the rising costs of material, labour and land, Dreamz Infra is one of the best Construction Companies providing Flats at affordable prices or in fact low prices. Read the customer’s feedback about Dreamz Infra to know more about Dreamz Infra India Limited.
With all the problems of the real estate sector like rising material costs, land valuation, delayed approvals, outdated building norms, uncertain economic conditions and slow sales volumes, the real estate sector of India will certainly show an upward trend owing to the surge in demand at least in the Urban India. As Bengaluru is on the ride of fast development and change, it will experience a favourable market condition in the recent future. This is at least what the estimates, surveys and the market watchers have to say. The question lies, are we ready to adopt the change.
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Bangalore real estate sector where most of the construction were done by private sector responsible for creating housing in Bangalore are accused with raising input cost resulting in poor sales volume and on contrary it hold backs the growth of this sector from last few year. After the steps of builders like Dreamz infra India who came with a concept of low income and mid income budget housing more builders started to follow this and the demand and supply has been balanced so comparing to other metros Bangalore remains at top in real estate profit making.
ReplyDeleteCertainly because of few changes in traditional concepts Bangalore stands tall in real estate market growth, but all credits can’t be given to these builders for their market strategy. Specifically it depends on the level of customer satisfaction and the after sales services provided. The most pronounced name Dreamz infra for its dedicated customer service made this possible that now builders were bound to adopt low budget apartments strategy in order to survive here.
DeleteBangalore is one of the largest hub for high net worth individuals and has a large base of expatriates who works in the city. The increased demand for luxurious residential apartments specifically in white field and all around the ring road shows its potential. In this promising market, the percentage of customer for mid income housing is large with a sophisticated taste. Most of the private sector builder are thus concentrating on this group and are coming with flats which are low cost with all amenities. In recent future government is also planning to make affordable housing for all which may influence small private builder.Bangalore is one of the largest hub for high net worth individuals and has a large base of expatriates who works in the city. The increased demand for luxurious residential apartments specifically in white field and all around the ring road shows its potential. In this promising market, the percentage of customer for mid income housing is large with a sophisticated taste. Most of the private sector builder are thus concentrating on this group and are coming with flats which are low cost with all amenities. In recent future government is also planning to make affordable housing for all which may influence small private builder.
DeleteComparing to other cities Bangalore real estate market might have grown but still if you calculate the growth of the city is somewhere 6-7 percent which is much lower than FD interest rate. There is an ongoing construction work all over Bangalore even in a low demand so my advice here will be don’t buy or invest with any builder until and unless you are paying the real value of the property.
DeleteWhat I believe is NRI investments in Bangalore real estate has made this possible other wise when metros like Delhi and Mumbai are not able collect profit then how would Bangalore does it. There are specific reason behind the foreign investment they mostly prospects Bangalore because of the availability of new residential projects with a definite scope of future price hike.
DeleteFrom the last three months every city in India experiencing a slowdown in real estate market although till now Bangalore has survived into some extent but still the property value is not increasing to that extent so that people fondly invest on it. It is the requirement of residential apartment in Bangalore for which customers are buying flats and the growth of real estate market here remains just above the margin line. Today if someone buying a flat as per the average market rate it will cost him 50 L for a 2 BHK flat in an average location at a pre-launched project, it will take 2 and 1/2 year to complete the project which will in cured a resale value of around 5 to 6 percentage profit according to current market scenario. So investors needs to think smartly and invest on such project where future prospects good with more chances of hike in property value.
DeleteBecause of few graded developer focusing their projects for customer segment they are making affordable apartments by either decreasing their unit size or low civic amenities. However some medium level developers like Dreamz infra has continuously coming with projects affordable to low income group with all modern amenities. Since the constant demand of affordable housing in Bangalore outskirts is more so more developers are coming with their own ideas to specify their market position.
DeleteWhen we are speaking about real estate market of India, a declined rate in property sales includes metros like Mumbai who settled with a dip of 9% while other cities are deeper with an average decline of 17% in real estate graph. According to the market survey of HT the decline of real estate sales is due to unaffordable price of properties to end user. Although the relaxation of foreign direct investment and the revised guidelines on tax verges some improvement in fund flows from NRI. Still in this market a mid-level builder “Dreamz infra” at Bangalore has able to sale all its projects by holding a tag of making affordable apartment. There are no wonder that investors are calculating their profits on against current inflation rate so they are looking for projects where they can buy property in less price in-order to sell them in a marginable profit.
DeleteThe real estate market of India shows ups and downs from few years, even metro cities are also not in exceptional still Bangalore able to manage its growth position because of the continues demand of IT sector which continuously influencing people to come and make their career here. Builders and investors in every corner have an eye in Bangalore real estate market and they are continuously haunting for new residential areas. If we talk about the mid income group then in Bangalore most of the mid income group are IT employees who have a secured profession and they are able to buy flats here so the growth of the city is steady even at a worst situation.
ReplyDeleteThe government has tried enough to make it look attractive investing option for foreign investors, rules like no extra charges to NRI investors pull many to invest on Bangalore real estate market. Builders have tried enough to reduce their margin rate by coming with different ideas which cut off construction cost. So this new face of Bangalore in this new financial year has proved its caliberties not only in IT but in Real estate as well.
DeleteBangalore real estate is changed a lot to this city by the fastest growing of IT hubs & market conditions. The builders of this city made the building which were attracts to the people all over India to invest their money into this city to settle down their rest of life in this greenery city. Dreamz builder is helping to the middle class family by selling reasonable price of affordable homes.
ReplyDeleteMaking affordable flats and apartment for all buyer group work like anything in real estate market and it made a steady balance even in this scenario where every city has down graph. Few builders adopted this strategy with an innovative idea to capture the market and now they are ruling as the highest customers in Bangalore,
DeleteEven after the witness of sluggish Indian real estate market from the last couple of years, Bangalore real estate market survived with growth graph. The raise in material and labor cost made many builders to hike their price or forced to cut their profit margin, builders who will be able to survive from this deflation of real estate market will be consider as builders for the next generation.
ReplyDeleteFew front line builders with a tag of affordable flats like Dreamz infra who always came with discounts and offer on their low cost flats is trying to become an Ideal for other local players in real estate market and certainly it achieved its title as builder for all group because they are constructing apartments with all budget so that they can accumulate all types of buyers in their customer list.
DeleteIf you look into the past of metro cities real estate investment, then you can easily admit that Bnagalore was not doing enough. But right now Bangalore real estate is in huge demand. The infrastructure of the Bangalore changing very quickly. You can see the building, apartment, villas, the commercial building, all has been done within last 5 years. That why i can say Bangalore is coming into a new infrastructure world or a best infrastructure world .
ReplyDeleteAfter reading this article the concept of real estate demand in India can be recognized. really right now we say that Bangalore infrastructure increasing day by day due to huge demand and huge population. We can find easily a construction site in every area, whether it may be residential or commercial site.
ReplyDeleteEveryone is talking about IT sector and environment is the key factor for this constant rise in real estate market of Bangalore but in my beliefs, Bangalore is the most suitable place for any kind of business it gives equal opportunity to every sector that's why residential sector as well as commercial sector both are always in demand. The supportive Government helps every possible to raise Bangalore economy, it acquires new residential areas to develop and commercial space for trading purpose as per the need.
ReplyDeleteIn the real estate market of Bangalore one of the builders i.e. Dreamz made the lot of efforts by selling the affordable homes in Bangalore to the middle class people with competes of other builders in the fastest growing technologies. There are so many builders are doing efforts a lot to surge this city high in India.
ReplyDeleteSometimes the real estate market fluctuate in many city but in Bangalore its growing gradually. The residential units which is under construction or pre-lunch every thing is selling out very quickly. Because the main offices of many national and multinational company are here, due to this reason many people from another state or city migrating here for job or study purpose.
ReplyDeleteYou can see how much construction is going on in Bangalore. In each and every area so many residential projects are running because the demand from the society is huge. Not only the residential units but also the corporate units. That is the reason in real estate field Bangalore is growing and shinning a like a diamond. So Bangalore has a great and beautiful future in the infrastructure industry.
ReplyDeleteThe increasing of industries and companies makes the Realtor's to grow high by constructing good buildings to provide shelters for the visitors of this silicon city. The real estate market is grown up very high compare to the previous year of sold out charts. In India, Bangalore is one of few place in which many resources are presents which is attracting to so many investors..
ReplyDeleteIn early 80's metros like Mumbai and Delhi was growing by leaps and bounds, while after certain stage the city seems saturated with it’s infra structures development. Whereas from last 10 year Bangalore is an emerging city of India has shown phenomenal growth in its infrastructure development.The reason may be because of those foreign and Indian companies who finds Bangalore political environment is suitable for their business and also in near future many companies has shown their eagerness to make their corporate houses here. So the real estate business graph for Bangalore is still managed with a deflection of few points.
ReplyDeleteBangalore is in high position in real estate trends compare to other cities in India, the builders of this city is going to make this city infrastructure as foreign style. In this city we can find more high buildings of companies, industrial, malls, residential and commercial sectors all over surrounded by greenery’s which attracts to every visitors of this city. Very few builders are like Dreamz selling affordable homes in this city at half of the market margin which help to the middle class people to buy their own home.
ReplyDeleteRising of Bangalore real estate from past 5 years is touching to the sky. Due to the environment many big IT MNC's opening their offices here. That is making the people mind that Bangalore is growing , but its not exactly. The only reason people from other state coming to this place for job and study.So after staying 3 to 4 years they want to settle here. That is the reason their is huge demand in residential project in Bangalore.
ReplyDeleteIn this expensive city the real estate market is highly surge up and also based on the High income segments Realtor's are constructing highly expensive buildings which can only buy the High Income group of people and in future re-allots thinking for the CEO ‘s may also catch up the properties and the demands will increase high.
ReplyDeleteFrom many survey it’s sure that Bangalore emerged as a fastest growing city in India. This metro city is becoming the biggest IT hub of our nation. Many national and international MNC's head quarter is here, due this reason nation wide people are attracting towards the IT lifestyle.For them only the infrastructure development is increasing, because the people wants to settle down here.
ReplyDeleteThe development of Peripheral ring road, signal free ORR, Mono rail, Elevated Express highway and high speed rail links, all these making the seam less connectivity to so many areas. The rising of IT market increasing the movement of NRI’s, they have interest to invest here in Bangalore real estate. So for this seam less connectivity, migration of people from other state and increasing of NRI’s investment the real estate market is booming like a bow.
ReplyDeleteIn Bangalore builders are came up with the construction of villas or apartments with huge units in the largest sizes of lands which will takes the real estate market into high in the coming next two years. We can get variety of builders with their new Technics of constructions which takes the Bangalore city in to high in real estate trends. But Dreamz builder is differ from other builders their aim is only to fulfill the dreams of middle class people.
ReplyDeleteThe demands of the urban people are increased more and the experts opine is based on the demands the 13 million units will be going to construct by the end of 2018. The demands are increased more from the MIG and HIG in Bangalore. For the MIG Dreamz builder is handling their wishes and fulfilling their dreams into reality by offering affordable homes at low budget.
ReplyDeleteStatistically in Bangalore real estate market is growing so fast, due to opening of huge IT explore. Almost many of the areas of Bangalore are in demand due to existence of IT companies. Mainly the IT employee are interested to buy some property here and we can added one more thing that the NRI's are also making their step towards Bangalore real estate. All these reason making the Bangalore real estate higher than any other metro city.
ReplyDeleteWell I don't think its growing if you compare the graph in 90's and during 2010 it shown a drastic changes in growth rate which was clearly visible. Now it is just maintaining its position at top with few fluctuations. It seems like Bangalore real estate market now become matured enough and a perfect place for those who don't want to take much risk on their investments, because at the end you might not get much return but a secure profit is must.
DeleteFrom the many survey it is proved that Bangalore is the fastest emerging city of India.The IT growth is making the Bangalore city in top and also is cause for the dramatic change of real estate market. So far all of the region are developing quickly, that is the reason NRI's people also putting some effort to invest in real estate fro making money in the future.
ReplyDeleteBangalore real estate is in its highest pick, we can see this city is making itself very big in terms of population as well as big building. People from other state migrating here for making their lifestyle good. They are choosing Bangalore for job in IT companies, so far from one the market research, most of the IT people searching for plots or flats here. Apart from this the NRI's investment in real estate is making the infrastructure business so high. That is why we can say Bangalore is the most growing city in our nation.
ReplyDeleteThe Indian real estate is booming so fast now a day, but especially the Bangalore real estate is touching the sky. The IT sector and the NRI's investment is the real reason for making the status of the Bangalore real estate. From the many survey its proved that mainly the NRI and the IT employees are showing their interest to buying the properties here.
ReplyDeleteWhatever changes occurred in market but Dreamz builder is the one who never lose their ambition or aim, their goal is to fulfill the dreams of common people into reality at reasonable prices. If market price or the material price high then also Dreamz people sell their projects at low margin compare to market. I like Dreamz builder strategy and like to have my own apartment in Dreamz builder only. Please God help to them to fulfill their customers wishes..!
ReplyDeleteMost of the private company are responsible for the real estate development of Bangalore. The private company are making the residential projects as per the requirement of the people. That is why now a days the property demands are huge in Bangalore. Dreamz Infra builder is one of them who is capable of sold out all of their projects in Bangalore.
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