Bangalore – Discovering New Growth Corridors

Bangalore real estate market is the targeted hub by all the leading international companies. The high property value in the city could not able to stop the realty majors to enter the city.

Bangalore properties are always in demand for some or the other reason. The Central Business District of the city is already on the verge of saturation but still the demand is high.

The city is expanding to the peripheral areas in order to accommodate the real estate development activities happening at fast pace. Bangalore real estate builders are playing a crucial role in planning their projects. They are discovering new and untouched areas in the city and are building their projects there to save the city from decongestion.

Bangalore Real Estate Developers are constructing their projects in the new areas such as Whitefield, Old Madras road, Devanhalli, Nandi Hills and other small districts which are few kilometers away from CBD but have some open spaces.

The government is working on the strategic development across the city to solve the growing traffic problems. Residential, commercial and rental sectors in the city are facing huge demand of quality space which is better located and easy to travel.

Bangalore new airport is the perfect example which is located on the outer ring road and it takes 2 hrs to travel from CBD but has relieved Bangalore from long traffic queues which are used to happen at old airport at Indira Nagar. To buy an apartment in Bangalore most of the people prefer peripheral and outer ring road areas so that they can enjoy their life. Also the prices across the peripheral areas are somehow less as compared to the central region and Bangaloreans can find premium apartments their only.

The city is opening new growth corridors for Bangalore real estate development to happen.

George Gonigal provides you the best and latest information on Bangalore Real Estate.

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Elevated Expressways to Interconnect Bangalore

Bangalore is hasty on the growth and development front occupying the brand name of the first IT hub in India. The Bangalore real estate developers have provided the city first class infrastructure to serve the demand. The soaring number of IT and ITeS has given Bangalore a new name but also set of problems in correlation. Bangalore is facing a major time traffic congestion problem these days owing to the large number of migrants.

The city is overcrowded with floating population who has migrated to Bangalore either for studies or for job purposes. The city roadways network is not at all sufficient to cater to the rising demand as told by the Bangalore real estate builders. The tripled number of public and private vehicles on the road without any change in the road network has led to long traffic jams and queues resulting in long traveling hours. To buy an apartment in Bangalore these factors play a crucial role.

The Government has decided to take some initiatives to advance the present road network. Bangalore peripheral and outer ring road development is the one step in this field to divert the traffic flows.

Another major step in the plan is to construct an elevated corridor. The State Government is coming up with a new project costing Rs 2,800 core to construct an elevated expressway linking Bangalore South with Bangalore North and the other to link East and West. The north -south stretch is approximately 17km long while the other is 10km long.

It is expected that the project will be completed in 24 months after initiation and some space and regulated traffic flow can be seen on the roads. The two elevated expressways will meet at Vellara Junction. This will definitely decrease the traveling time giving some degree of satisfaction to the people. Bangalore Real Estate Developers are aiming that these expressways will also boost Bangalore properties.

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Bangalore – Discovering New Avenues

Real estate in Bangalore is witnessing a smooth growth in real estate sector. The city is exploring new growth avenues and corridors of development. Bangalore city is finding its satellite town which can act as a magnet attracting the bulk of population from Central Business District region. The city is facing the similar kind of problem like that of Delhi.

Bangalore is also adapting the expansion approach and the city is stretching its boundaries vertically as well as horizontally. Bangalore properties are exploring some unidentified areas that can be innovatively used for residential and commercial purposes. Today there is lot of development happening at Sajapur road, HSR Layout, Brigade Road, Old Madras Road and Jaynagar. All these areas are slightly away from CBD. These places are convenient options to meet the rising demand of residential and commercial spaces.

Bangalore Real Estate Developers are actively adopting the same methodology and buying land accordingly. Purvankara developer at Bangalore is constructing its upcoming projects at Brigade Road, Sanjay Nagar, RMV, Kanakpura and Yehlanka. These localities are situated at outskirts of the cities so development at these places will not lead to any kind of congestion or any other problem in the city.

Moreover the local property dealer said that houses for sale in Bangalore are gaining momentum only in these areas. This is because of presence of space and infrastructure. People want to enjoy their life rather then spending maximum time in commuting. Physical infrastructure across these places is also growing and more number of schools, educational institutes, local medical stores, nursing home and local shopping complexes are being constructed.

Real estate in Bangalore is always an active and innovative industry which keeps on experimenting in identifying new channels of growth. The city always makes sure that the development doesn’t create any problem in the path of progress.

George Gonigal provides you the best and latest information on Bangalore properties, If you want to Buy Apartments in Bangalore, he suggests you log on to magicbricks.com

Aquila Heights-Tata Housing Project – Triggering Bangalore Real Estate

Bangalore real estate is all set to add a new chapter in its profile by re-framing the infrastructural design of the city. The IT triggered city is soon to revolutionize the real estate industry by constructing the tallest building. Tata Housing Development Co. Ltd is coming with their new residential project which is going to be a tallest grade A building.

A 32 Storey residential apartment is planned to be constructed at HMT near Jalahalli. The project is named as Aquila Heights is luxury apartment housing for the elite class of people. With this news Bangalore real estate markets already experienced some activity. Bangalore properties are witnessing some price hike as the residential values across the nearby localities are appreciated.

The project spreading over 6.3 acres of land is designed by Singapore based architects Ong and Ong Ltd. The structural design is such that approximately 89% area is left as open space. The project is estimated to complete by 2010. Huge amount of investments are being made by the investors and foreign investments can also be seen.

The luxury apartment is designed to facilitate the premium class and is featured with the all comfortable as well as lavish amenities. Features such as TV monitored lobby, video doors phones, outdoor fitness area, boom gate, space for billiards, badminton, gym, table tennis, kids playing area, swimming pool etc. Interiors of the apartment is constructed to give a superior finish and to give a perfection touch. Use of vitrified tiles on the floor, acrylic paint, aluminum glazed windows etc are the few parameters taken in account.

Bangalore Real Estate Builders are saying that investment in Aquila height is going fetch high returns in coming years as the project is related to the sense of pride to live in the tallest building in Bangalore. With all this Bangalore property is again ready to set an infrastructural trend in the country.

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Bangalore Real Estate Focusing on Sustainable Development

Bangalore real estate is mushrooming with the property prices going up and down at the same time at different places within the city. Bangalore real estate builders are more concerned about the planned and strategic development of the city.

The state government is also taking initiatives and deep thoughts as to how and where to expand further real estate in Bangalore. The development should happen in such a manner that it doesn’t lead to further congestion in the city. Secondly should have proper social and physical infrastructure linked. And thirdly it should be connected to the CBD.

The government and the authorities are closely working as to expand public transport and give some more space and satisfaction to the common people. Metro project is being given attention to plan it in a manner that it will help in de-congesting the traffic and make the Bangalore properties more accessible. Elevated road and expressway is the other project on which government is working efficiently to connect east – west and north-south of the city through elevated expressways.

People are also becoming aware and are actively participating and following the state laws. For example in Bangalore it is mandatory for the school children to come in school bus irrespective of the distance. This will help in reducing number of vehicles on the road in the morning in front of schools. Car pools are the second thing that can be seen there where people themselves are taking a step to form pools while going at a same place.

In this way government and public are joining hand to retain their heritage and at the same time make progress. Bangalore real estate prices are also gets influenced by this news. As better infrastructure and connectivity are the main parameters on which capital and rental value of the property depends thus Bangalore Real Estate is currently undergoing a mixed phase.

Bangalore’s Passive Residential Market

Bangalore is witnessing a slowdown in buy sell activities of residential property. Latest property trends of the city shows that the residential capital values are decreasing at certain localities. Eastern Bangalore region is facing recession in property market. Areas like Marathahalli, Airport road, Whitefield, Brookefields, Hoodi etc are seeing downfall in property rates as compared to last year. Reason cited by the local property dealer is that these areas are facing lot of traffic congestion and are commercialized. Therefore people are not interested in buying their residential property across these regions.

To reach Airport Road and Marathahalli one has to pass through several bottle neck areas with long traffic queues and congestion. Also there is construction work going on the route. The metro rail project is under construction from past one year which has resulted in traffic jam.

Another construction activity of a flyover near the old airport road causes lot of traffic jam. Thus people are not buying any residential property across these areas. Everyone wants to have home away from main city and that should have some free space and easy traffic movements. Most of the people are choosing Bangalore suburban areas for buying residential apartments and these areas are experiencing hike in property values.

As per a Brix research report Marathahalli has registered a decrease of 23% in apartment capital value while Whitefield registered decrease of 12 % in last quarter. Though lot of real estate activities is happening in Whitefield area but the residential apartment values are going down. Rental values at Marathahalli have gone down by 6% whereas at Whitefield rental values have gone down by 25% in last quarter. Similar is the case of other nearby region.

Brix research analytics team found out that there is an increasing demand of residential property at the areas which are free from traffic congestions, have good physical and social infrastructure, connectivity and availability of premium apartments. Nevertheless, localities like, CV Raman Nagar, Koramangala and Electronic City where demand is mostly driven by IT professionals are going steady.

Moreover, Bangalore residential real estate market is in passive stage and the buyers are investing smartly in property market.

George Gonigal provides you the best and latest information on Bangalore properties. If you want to buy Real Estate in Bangalore he suggests you log on Real Estate India.