Touted as India’s Silicon Valley, Bangalore has always been a happening market, and a preference for a major chunk of homebuyers who are actively looking to settle in close proximity to well established IT/ITes hubs. With major corporate offices coming up in the city, property rates in Bangalore have also witnessed a spike in the recent years. In spite of rising property rates, the city hasn’t lost its sheen, with homebuyers still actively looking for homes in the Garden City.
Average Prices in Bangalore
Bangalore real estate market derives most of its demand from the working populace of its IT/Tech hubs, one of the main reasons why land prices in Bangalore have inched up a little. In the most active localities, namely Krishnarajpura, Electronic City and JP Nagar during the past 12 months, the average property prices were pegged around Rs 4,195 to Rs 5,300 per Sq. ft. Looking at the transaction history, the top selling residential projects were Arkhavathy layout, Deccan habitat and Sandeep Vihar, to name a few.
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