Experts say Real Estate Sector would be Optimistic in 2014

In the CREDAI CONCLAVE meeting, which was organized in New Delhi with the theme “Housing, The Game Changer-Leading to Double-Digit GDP Growth” most of the industry veterans said that the real estate sector would be optimistic in 2014. With real estate approaching towards positive factor, they also added that government should assist the industry by making orders that would favour in the development of industry and country’s economy.

Addressing in the Conclave, Mr. Rohit Gera, MD of Gera Developments Pvt. Ltd said that the real estate sector will rise over the present situation of slowness that has beset the industry and this would be possible with the help of government which is not prioritizing the industry and has concentrated more on the slum rehabilitation.

Mr. Rohit Gera also added that the lack of appropriate implementation to get right solutions to the known problems is also one of the barriers in the industry. He also said that bringing few solutions in the industry like fast approvals and relaxation in Floor Space Index (FSI) and Foreign Direct Investment (FDI) would make way in the industry’s growth.

Other real estate experts who were present in the event were also likewise keen about the optimistic future of the real estate sector in the coming year. The industry is currently going through sluggishness in the market due to political volatility, which has led down the market sentiments. The same situation was observed in the year 2008, where India was one of the first countries that came back to a positive note within six months after market slow down.  Adding to this Mr. Vijay Mirchadani, Hon Secretary of CREDAI said that the industry also expects to see some positivity in the market within six to eight months and also added that for end-users it is the best time to take advantage of the present situation to invest before the prices shoot-up.

Speakers, who addressed in the CREDAI event, also stressed on the necessity of affordable housing in the country and said that irrespective of all the measures taken the industry was not able to meet the existing demand. Noida and Greater Noida regions were focused much to improve this situation and with regard this, Mr. R K Arora – MD of Supertech said that almost 90% of the demand is for affordable housing and only 5-10% are for the luxury segment.

On the other hand, many real estate experts said that demand for affordable housing can be met with the government’s support to the developers’ community and they also opined that other than regulatory measures, measures like additional FSI and fund for construction cost are also needed from the government’s end.

Know What Are the Biggest Mistakes First Time Home Buyers Usually Make

Everybody dreams of owing a house of their own. It is in fact the biggest purchase one can possibly make in their entire lifetime. For the first time home buyers, the whole experience of buying a home can be scary and frustrating too apart from being exciting. Find out the biggest mistakes that home buyers usually make here:

Not Securing Loan Approval

This is perhaps the biggest mistake that home buyers can make while buying a house. Usually it so happens that the bank might not be ready to lend the amount as to what you can afford to buy a home. Hence, it is always advisable to obtain a pre-approval at the first go. This will help you arrive at estimation about your investment while depending on the loan amount bank sanctioned to buy a house.

Not Knowing How Much You Can Afford

It is very important that you know how much you can spend on your new home apart from the monthly expenses. It is also advisable to buy a house that you can afford to pay the EMIs for. The first thing that you must do is prepare a budget. It is advisable to never go beyond your pre-planned budget as doing so may only weaken your financial situation.

Compromising On Essential Things

Do your bit of research before buying a house. Calculate and arrive at the estimated amount that you may have to likely part with while buying a home.

Waiting For Better Deal Every Time

Again doing appropriate research and arriving at the right decision is very important while buying a home. You can expect fluctuations in the realty market and must be prepared for that.

Spending Huge Amount to Get a Perfect Home

Many a times, the home buyers end up paying a huge amount while buying their dream house. Moreover, the home buyers mostly overlook the exorbitant cost of the house when they find their dream house and end up paying the money.

Trying To Do Home Upgrades All Alone

It may burn a hole in your pocket if without any prior experience you try to upgrade your home all alone. This may not be the right move as you may end up paying more money in a bid to save money. Hence, you must get help from experienced property manager who can guide you in your investments.

Know What Important Questions Home Buyers Must Ask Their Real Estate Developer

There are many important issues that a buyer of a flat from a builder needs to look into before making the actual investment. There are many types of risks that are involved in buying a property. Some of the risks are choosing the right builder and making sure he is the actual owner of the land. It is important to look into all the factors as it is the investment of a lifetime that you would be making.

What is the land use?

It is advisable to check the land use of the property on which the project is being developed. One can have a look at the license as it states what the land is used for. It means whether it is used for developing commercial or residential property, plots or floors, and so on.

Is the land acquisition completed?

It has been observed that many a times, developers start selling apartments even before land acquisition is done. It may so happen that some unexpected problem may come up due to which acquisition might not be completed. It may also be the case like this that the developer might have managed to buy 80% of the land he needs but get entangled in an argument over the remaining 20%. The situation may turn out like this that if in one tower in which your apartment was to be planned and developed, on the disputed 20%, you might really face a troubling situation.

Know whether the developer has legal title?

It is advisable that you ask the developer to show you his ownership of the land by showing you the papers. Each plot has a sole khasra number. You can ask for that number from your builder and check for yourself in whose name the plot is registered. Moreover, you could also appoint a lawyer to conduct the title search on your behalf. He could probably help you find out if there is any kind of legal dispute over the land.

Check thoroughly for all the approvals in place.

You could ask for the license from the developer which is in fact a proof of the fact that to develop the project, he has taken approval from the area's town planning authority. You must be aware that every license has an exclusive number. Moreover, developers often print the license number in their ads who have obtained the license. You could also ask the developer if he has received these approvals: water, building plan, environment and pollution, and height clearance (if the building is situated near an airport).

Many a times, when clearances have not been obtained, then the realtor might make optimistic projections that he will get them within, say, six months. According to a Director of the Gurgaon-based realty consultancy, the fact is that any delay in getting clearances is one of the main reason of project delays.

Get to know what the terms of the application form are

You must pay utmost attention to the payment plan in the application form. Take into factor whether the builder is asking for a huge part of the cost of the apartment at an early stage of construction. It is advisable you stick to a construction-linked payment plan. It has been observed that nowadays numerous developers offer plans wherein a significant lot of the cost has to be paid after possession. Generally, such plans are considered advantageous from the buyers’ point of view as they insist the developer to hand over possession as soon as possible.

Reviews on How RBI's Repo Rate Hike has Hit Infra Developers Sentiments

Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.

"There was no need to increase the repo rate at this juncture. It will hurt the growth sentiment further," DLF Chief Financial Officer (CFO) Ashok Tyagi told PTI.

Asked about impact on real estate, Tyagi said the overall sentiment would remain cautious, but he believed that good products from credible developers on good locations would always have a demand.

RBI raised the short-term policy rate by 0.25 per cent to keep "worrisome" inflation under check, a move that may increase EMIs for home and auto loans in the medium term.
 "It is highly disappointing to see such a signal from RBI. Though increasing Repo by 25 bps (0.25 per cent) may curb inflation marginally or may hold Rupee for a while, it is going to impact market sentiments significantly".
The RBI had a golden chance to bring positivity in an otherwise sluggish economy, but this increase in rates would affect growth prospects, he added.

"It is not a good signal for the industry which is about to enter the festive season. Banks have already started raising their rates," Jain said.

Housing demand generally goes up during the festival season and developers major part of sales take place during this period.

Global property consultant Jones Lang LaSalle India Chairman and Country Head Anuj Puri said the hike in repo rate would lead to increase in developers' finance cost and affect their profit margin.

"In the current monetary policy, RBI has increased the repo rate by 25 bps, which will increase the borrowing cost. However, with reduction of MSF by 75 bps (0.75 per cent) and reduction of minimum daily maintenance of CRR from 99 per cent to 95 per cent, it has relaxed tightening norms," Puri said.

Increase in finance cost along with rising cost of construction and the already challenging economic scenario is expected to affect profit margins of developers, he added.

"While the real estate industry has reason to be somewhat disappointed on the increase in borrowing cost, RBI has made provisions for increased liquidity in the system," he said.

Terming RBI's decision as "unexpected", Griha Pravesh Buildteck CMD Abhay Kumar said the move would disappoint the banking industry and consumers who are struggling under the burden of high Equated Monthly Installments (EMIs).

"It would also dampen sentiments ahead of the peak festival season, when developers expect the demand for houses to go up. This is going to hurt both buyers as well as the developers," Kumar said.

Source: economictimes.indiatimes.com/markets/real-estate

Reviews on NRI's Indian Real Estate Investment Portfolio Future

Imagine a non-resident Indian (NRI) who shifted money to India two years back when the exchange rate was Rs.44 to a dollar. The Indian rupee has depreciated to Rs.59 per dollar now, leading to a staggering loss of 34%. On the other hand, in the last two years, equity markets have been almost flat, fixed income investment would have grown by 20%, while real estate investments may have appreciated around 25%. The net result is negative return on the investment in almost each asset class. So should NRIs invest in India now? To examine this issue better, we should break the problem into four parts. How is the long-term scenario of the Indian rupee vis-à-vis other currencies? Which are the asset classes that an NRI should invest in? What kind of tax regime is there in the source country? And finally, what is the time horizon for investments?

The currency aspect

The long-term depreciation of the Indian rupee vis-à-vis the dollar has been quite consistent, except for 2000-2009. Because of the differential in interest rates and inflation, the Indian rupee has been consistently depreciating against the dollar. Therefore, assuming that this differential may persist even in the future, one may assume a 2-3% annual depreciation of the Indian rupee over the long term. Of course, the current scenario is more volatile and uncertain because of the global volatility. The dollar has been appreciating against all emerging market currencies. The Indian rupee has been punished more because of the fragile state of our current account deficit. With the possibility of an end of monetary easing or QE3, the dollar may strengthen considering that funds could move out of emerging markets into the US, where interest rates are likely to harden. Therefore, it could make commercial sense to wait for 12 months or so before committing fresh funds to India.

Future prospects of assets

Real estate: As an asset class, real estate has been immensely popular with NRIs in the last few years and rightly so. On an average, a 10-year investment has multiplied the money 6-10 times, irrespective of which part of the country you invested. The market is still holding on to the prices and also seeing moderate appreciation. However, it is highly unlikely that it would generate similar returns in the next 10 years. With the kind of supply that has been built over the past few years combined with astronomical price levels, a significant correction in the near future is highly probable. Therefore, unless one comes across a property or an area that is extremely attractive, real estate is an avoidable asset class.
Fixed income: This asset class has done exceptionally well in the last 2-3 years. With interest rates having reduced a bit, long-term debt funds have given healthy double-digit returns. In order to attract NRI remittance, the government has also removed tax on non-resident external or NRE fixed deposits, making them attractive for conservative NRI investors.

Equities: 

For an investment horizon of 8-10 years, equity markets look to be the best investment destination currently. The Indian stock markets have been almost flat for the last six years after the peak of January 2008. The macro picture of the country has also taken a beating with slowing growth rates and corporate performance. However, experts believe that the gross domestic product or GDP growth rate should bottom out in the next 12 month or so and then start inching upwards. With elections due next year, there could be accelerated policy action from the government so that it leaves behind a positive legacy. Global uncertainty should also even out in the next few years. It has been historically proven that the best time to invest in stock markets is when there is confusion and uncertainty all around. Unfortunately or fortunately, Indian stock markets are getting battered because of both local and global factors. There is high probability that the markets may rally significantly in the next 10 years. To put simply, the earnings growth of the companies comprising Sensex or Nifty is going to be at least above 12%.

Taxation for NRIs play a very important role. For US-based NRIs, investing directly in the stock market or through portfolio management service or PMS is more tax efficient than going through mutual funds (MFs). For NRIs in West Asia, who enjoy tax-free income, MFs are the best choice because of long-term capital gains benefit.

To sum up, one should be wary of exchange rates in the immediate future as the global scenario is volatile. But long-term investment scenario in India is promising.

Source: http://www.livemint.com/Money/bIquLLaUzzCwwY7dekFXCM/Longterm-investment-prospects-still-bright-for-NRIs.html

"Illegal realty Encroachment" thrives as law fails to rule out "Land mafia Terror".

Land rates have gone through the roof, and goons have found an easy way to make pots of money  encroach upon the site, demand a ransom to vacate it.

Radhakrishnan Nair (name changed), an NRI from Bangalore residing in the US, recently purchased a site at Ramamurthy Nagar for Rs40 lakh to build a house after his retirement.

But within a month he received a call from his friends in Bangalore informing him that someone had encroached upon his site and fenced it. A worried Nair rushed to Bangalore to find that the site had indeed been encroached upon. With great difficulty, he managed to contact the people who claimed the site’s ownership.

They told him the site belonged to them and even showed some documents to prove their claim. 

But the documents were found to be fake since the name entered as the first-party, shown as the seller, was wrong. The people who showed Nair the documents admitted the discrepancy, but demanded `6 lakh as settlement money for returning the site to Nair and assured him full protection from other encroachers.

“They told me that I can go to court, but will have to spend a huge sum of money and many years to get back my site,” Nair said.

“They said police won’t be able to help me since this is a civil dispute. Since I did not have the time and energy (to fight a court case), I agreed to their demands and paid them money. Since then, I have had no problem as the encroachers have become the protectors of my property.”

Nair’s case typically demonstrates how the land mafia functions in Bangalore. The much sought-after outlying areas - like Ramamurthy Nagar, Devanahalli, Doddaballabur, Yelahanka, Bommanahalli, Hosur Road etc - have become hotspots of property development on which the land mafia has maintained an eagle’s eye. If they don’t harm you, they will milk you financially by promising to protect your property; in worst case scenarios, they grab the land that legally is bought by the citizens with an eye on future development to retire in an independent house in peace.

Many times a citizen even decides against approaching the court fearing huge costs and the time taken to clear the case.
If your property is on the radar of the land mafia, there is hardly a way out.

Sources in the police department say many non-resident Bangaloreans with properties in the city are facing a similar problem.

Police helpless
Police, who admit to the existence of the racket in and around Bangalore, are helpless as the offence comes under civil disputes and the aggrieved parties have no option but to approach the court.

Additional commissioner of police (law and order), T Sunil Kumar, said that as per the 2008 guidelines, police have no reason to intervene in civil disputes unless a crime is committed. However, taking note of the fact that members of the land mafia may exploit this to further resort to encroachment, Kumar said the police have been asked to keep an eye out on such people and take stringent action under the Goonda Act if they indulged in such acts.

“We know such rackets exist,” a police officer from the east division, the hub of such activities, told DNA. “So, whenever we come across such incidents, we book them under the Goonda Act. But the problem is that people are afraid to file complaints against such goons (as they do not want to antagonise them) and agree to pay them protection money to resolve the issue at the earliest.”

Earlier, the police handled such cases, but the station in-charge officers virtually became mediators in settling the property rows, leading to more corruption.

Way out for mafia
In another case, a gangster from Bangalore South recently threatened a city-based businessman-cum-whistleblower, Farooq Mueen - who helped the Lokayukta nail KGF MLA Y Sampangi in a bribery case - after he tried to help his friend whose land had been encroached. “My friend’s land has been encroached,” said Mueen. “When we approached police, they suggested we go to court since it was a civil matter,” he added.

“On the other hand, the goons have been telling me to stay away from this and calling my friend to approach them for a settlement.”
Taking a note on this, the former police commissioner Ajai Kumar Singh had issued a circular to policemen not to get involved in civil disputes.

But although corruption declined on this front, several gangs, influential people and politicians started to resolve civil disputes as out-of-court settlements, milking the involved parties financially.

Senior police officials said the prevalent system has allowed several ways out for the land mafia, based on their nexus with powerful politicians. If there is a fear of the law coming down hard on them, they foresee an alternative way - what they call out-of-court-settlement - and exploit the parties to benefit themselves the most.

Problem’s root 
The fountainhead of the problem is the real-estate boom and the surge in demand for housing, residential sites. These have become vulnerable to encroachment or even re-sale - without the knowledge of genuine owners/buyers.

The middle class people are the most vulnerable to the operations of land mafia. While Mumbai and Dubai-based underworld dons, whose henchmen were active in the city about a decade ago, used to target vacant land at prime locations, the current land mafia - mostly local land sharks - is eyeing developing areas mainly on the outskirts of Bangalore.

For example, take the case of Maruthi Layout near Chinnappanahalli. The landlord had formed a ‘layout’ and sold all the sites a few years ago. “We bought the residential site five years ago,” says S Subramaniam, a software engineer. “We wanted to commence the construction work, but in vain. He (the landlord) is demanding more money on some pretext or the other. He is asking us to sell the site to him at a price fixed by him. We are not in a position to fight him.”

Buying residential sites owned by joint families has its own hazards. For example, many people who bought sites at A Narayanapura, are being harassed by landlords from Kaggadasapura. “They keep quiet till the site owners commence construction work,” said K Ashok, a real-estate dealer. “They create nuisance at the site if the owners refuse to pay money to them. They claim that the site belongs to them. It has become a business for many people not only at Kaggadasapura but also KR Puram, Ramamurthy Nagar and other areas.”

Recently, more than 100 people residing at a layout near Devasandra were denied access to the main road by the landlord of an adjacent layout. The landlord even damaged the road laid by Bruhat Bangalore Mahanagara Palike (BBMP).

Now residents have to depend on the mercy of the landlord since the person who sold sites to them is now not interested in coming to their aid. “We have become scapegoats between the two landlords,” said a resident on the condition of anonymity.

Mafia effect
Riding on the real estate boom due to the prospect of land rates going up in outlying areas where colossal infrastructure projects are on the line, even established and reputed companies have been found to be allegedly involved in grabbing of land.

Recently, Kirloskar Systems Limited, a city-based leading real estate company, has been accused of grabbing 10.3 acres of land belonging to a backward class family in Hebbala village on Bangalore north division. Sixty-year-old Muniyappa, a resident of Ramachandrapura, Harijan Colony in Yelahanka, has filed a complaint with the Amrutahalli police alleging that the company chairman and other board members of cheating, fraud and forgery on Saturday.

Muniyappa, in his complaint, said the 10 acre and 39 guntas of land at survey number 71, is ancestral property which was granted to his grandfather by the state government. The family is since then using the land for the source of their income and even the land records including Moola Hakku book (the title deed) and relevant documents have mentioned the name of the family members as the land owners.

The incident came to light when Muniyappa went to the jurisdictional sub-registrar office for some work, and found that the company has created and executed a sale deed and even got the land survey done.  The company later got the fresh records claiming that they are the owners of the land, Muniyappa said.
The land in question has neither encumbered in anyone’s favour nor the family executed the sale deed to anyone’s favour, he said in his complaint.

Muniyappa approached the SC/ST legal cell seeking advice and while the matter is pending, the company tried to dispose of the land, after threatening the family members with dire consequences to force them to vacate the premises, Muniyappa alleged.

When Muniyappa approached the jurisdictional police, he was sent back with an advice to go to the court since it’s a civil dispute.
Based on the advice of the police, Muniyappa approached the city metropolitan magistrate who directed the jurisdictional Amrutahalli police to investigate the case, and submit a report

Reference: http://www.dnaindia.com/bangalore/1712994/report-gangs-of-bangalore-with-land-sharks-you-lose-the-plot

Remodeling of kitchen - A New Technology By Dreamz Infra

Kitchen remodeling and designing needs good planning and patience.  It includes taking a few decisions that will help one to make them comfortable while cooking.  If one uses the kitchen fully, then they will need a scheme which includes larger cabinets for groceries, cutlery and crockery. For better maneuvering around the kitchen and doing the actually eating, all the kitchen utensils should be placed strategically.

 More Designs for Height adjustable kitchen Click here

“L” shaped kitchens provide more work space and storage area, walking distance is minimized and corners of the kitchen can serve as the dining area.

“U” shaped kitchens on the other hand have the most work space and storage area, and less floor area.  If one is having good sturdy and spacious kitchen cabinets, then they could simply freshen up there look with a coat of paint or may be with new cabinet doors.

They should start by choosing the right colour for their kitchen cabinets; the key is to stick to one colour theme.  A predominantly neutral kitchen would also have a few splashes or colors in the form of new cabinets or new model appliances.

One can opt wooden flooring for homier and warmer feel, or they can completely get custom ceramic tiles for practical and functional kitchen flooring and counter-top.

Dreamz Infra has also accustomed this custom kitchen design for the flats, considering Indian women and their age old trouble while cooking. Back pain for the same is not a new trouble which they have been acquainted all long.

Considering all the facts and a need to change the conventional kitchen design, Dreamz Infra has incorporated Height Adjustable kitchen floor technology. Were the kitchen floor would have height adjustable mechanism for easy kitchen top access and taking the cooking experience to all new level.

Height Adjustable Kitchens By Dreamz Infra

 More Designs for Height adjustable kitchen from Dreamz Infra Click here

Reviews – To Inspire, Cherish & Learn

With the advent of user friendly technology and readily adaptable apps, social media has managed to buzz the minds of all its associated members in the rhythm of tweets, likes, shares & comments. Such dedicated we are, that instead of walking down to the neighborhood “sabzi mandi” (Indian for vegetable market), we prefer to feel the “tenderness of cabbage leaves & citruses” online…..After all, the satisfaction of paying some extra tips to the delivery boy at the end of the day adds an extra bit to our pursuit of Western lifestyle.

We break open the sealed parcel…..and Wham!! One apple is holed black inside…… The guilt sense of making an impractical purchase might or might not set in, but what definitely flashes across mind is, “Damn!! Should have glanced down the reviews thoroughly….. From next time will opt for the other grocery portal, it has higher fan following………………”. The popularity of the genre “reviews”, irrespective of being ‘good’, ‘bad’, ‘useful’, ‘meaningless’ does not really require a special mention, but the craze of double clicking the negative tones surpasses that of the positive reviews by a quite high percentage…. Even if the ratio is ‘1:9’.

How often have we questioned our instinct of digging up scathing comments? Keep at bay the poor performing businesses….For reputable entrepreneurs too, we relish bits of anguishing remarks amidst forests of praise, much alike the tamarind candies tickling our taste buds after a full course meal. Perhaps this reader notion instigates a commenter to upload reviews with exaggerated disappointment, or simply baseless abuses to lure exclamatory attention, which might be distantly or nowhere related to his or her real experience.

May be now it is the right time to bring into picture the online players.... Enter: Website Fraudulence, Phishing, Spam & Scam. Their virulence have blessed the fake online profiles with the power of uploading awful remarks that are brain-washers enough to sow a seed of doubt amidst the already-convinced soil of trust. Result? …. Customers & employees losing faith. Well this is something almost every flourishing firm has faced. The wrath of rumored allegations have victimized global performers, be it an iconic figure or successful domain representatives like Apple, Samsung and Nokia. Nevertheless, if these all-rounders would have closed down their shutters under the threat of being nipped in the budding stage, the world would have regretted few of the most remarkable technology blossoms of the era.

A hardcore believer of hype-less perseverance, Dreamz Infra Pvt. Ltd. has already started getting weathered against similar experiences, within its short-spanned journey across real-estate topographies within 2 years of its inception. Although we have been fortunate enough to preserve and cherish the supportive feedbacks from majority of our client family, each of the milestones paving our success has been randomly seasoned with maligning spices. Disheartening, discouraging and disturbing…….though these remarks are, negligible misconception is what they have managed to create around out strong foundation ethics.

Googling across our review platforms (Dreamz Infra Reviews, DreamzGK Infra Reviews) we have consistently been keen to gather a note on customer opinions, and recent days saw us encounters with weirdly expressed feedback's from faulty profiles. A neutral path of reaction was what we preliminarily chose to maintain decency of online activities, and respect the authenticity of other genuine reviews. At present too, we are toiling hard to absorb lessons and inspiration available from the reviews, to maximize the scope of our improvement. We believe in celebrating our self-advertising excellence rather silently than marketing gimmicks, and our strategy will surely attribute to substantiating the falseness of the short-lived allegations.

Few more years down the line, we hope to sail the flourishing clouds, and leave behind the black-marks nibbling our nascent reputation.

Area wise Flat Rates in Bangalore: Compare & Review before Buying

When it comes to making a money deal, comparisons are inevitable and logical as well. Here is a crisp ‘on-your-fingertips’ report, which is efficient enough to equip you comparable knowledge of real estate domain, in just a glance!

Area	Price Range in Rupees		Avg per sqft
	Min per sqft	Max per Sqft
Banashankari	5,380	8,150	6,765
Banasavadi	3,500	4,600	4,050
Bannerghatta Road	4,000	4,300	4,150
Basavanagudi	7,100	15,750	11,425
Begur Road-Bommanahalli	2,000	6,500	4,250
Bellandur	4,350	4,850	4,600
Bommanahalli	3,400	4,350	3,875
CV Raman Nagar	4,400	4,850	4,625
Chandapura	2,700	3,117	2,909
Cox Town	5,700	7,000	6,350
Devanahalli	3,150	4,500	3,825
Doddaballapur	3,000	3,500	3,250
Doddaballapur Road	3,900	4,300	4,100
Domlur	5,600	6,900	6,250
Electronic City	4,100	7,500	5,800
Frazer Town	7,100	8,200	7,650
HBR Layout	3,510	4,650	4,080
HSR Layout	5,900	9,500	7,700
Hebbal	4,500	5,500	5,000
Hebbal Kempapura	2,700	4,100	3,400
Hennur Main Road	4,250	4,550	4400
Hormavu	3,250	3,550	3400
Hosa Road	3,410	3,750	3580
Hosur Road	3,200	4,600	3900
ITPL	5,700	9,500	7600
Indira Nagar	8,000	9,200	8600
J P Nagar Phase - 8	2,900	3,600	3250
JP Nagar Phase 7	4,900	5,700	5300
Jalahalli Cross	3,900	4,500	4200
K R Puram	3,250	3,550	3400
Kadugodi	3,250	3,650	3450
Kammanahalli	3,900	4,800	4350
Kengeri	2,900	3,250	3075
Koramangala	7,100	9,400	8250
Kumaraswamy Layout	3,500	4,100	3800
Kundalahalli	3,600	3,750	3675
Magadi Road	5,000	5,850	5425
Mahadevpura	4,500	5,100	4800
Malleswaram	9,021	9,900	9460.5
Marathahalli	3,900	4,250	4075
Mathikere	3,700	4,200	3950
Mysore Road	3,860	4,200	4030
Nagarbhavi	3,200	3,900	3550
Nagawara	3,800	4,500	4150
New Tippasandra	3,900	4,300	4100
Old Airport Rd	4,500	5,100	4800
Padmanaba Nagar	3,600	5,365	4482.5
Sarjapur Road	4,530	5,200	4865
Uttarahalli	3,200	3,500	3350
Vidyaranyapura	2,900	3,500	3200
Whitefield	4,400	4,600	4500
Yelahanka	3,900	4,500	4200

Financial parameter, in this dwindling economy, perhaps is the most preferred way to shortlist your comparisons. Hope this brief listing turns out helpful to save the realty bang on your on bucks. However, this information is subjected to periodical variations depending on economic fluctuations; hence data accuracy cannot be guaranteed. Builder reputation is also a matter of concern, amidst various builders with varied stature, consumers get perplexed over selecting the right one.