Pages

Monday 23 February 2015

Bengaluru the only promising big city with a rise in home sales

When the whole of Indian real estate sector is in a lull, Bengaluru has some promises. Read to find out.

Bengaluru:

The situation of real estate in the whole country as witnessed in 2014 was bleak. In cities like Pune, Gurgaon and Noida the unsold stock increased with the buyer’s sentiment remaining at low levels. In cities like Hyderabad the realtor took to lowering the prices of their constructed projects for higher segment by tailor making the projects a bit and lowering the cost and tried to sell it to middle segment. The prices in other cities remained the same but were pretty high and the bank interest remaining high the buyers were in a dilemma whether to invest or not. The market watchers opined that the buyers are probably interested as the enquiries poured in large numbers, in the regions like NCR, Delhi and other places. This made them feel that a trigger is probably required for the market to respond and to convert the enquiries to sale. The RBI’s stand of slashing rates were expected by the real estate sector but probably due to keeping the inflation rate under control it was put to abeyance. Although from the communications of RBI it seems that there can be a slash in the rates in the first half of the next year. In this disorganized situation the real estate sector of India is gasping for liquidity to flow in and the buyers are expecting more stability in the market situations.



What is the situation in Bengaluru?

Bangalore is an end user driven market with 80 % of the investors being end users. The employment generation ability of the city is one of the highest in the country. There are many plans of the government and construction is already on for many IT parks in places like Doddaballapur and Devenahalli. New infrastructure is added every time there is a necessity and that makes the market of Bengaluru one of the most lucrative markets in India. In one of the surveys conducted by an exhibition company in Dubai and UAE, it was noted that the out of the top 25 destinations invested by the NRIs of Dubai and the UAE Mumbai stands at 20th  and Bengaluru stands at 23rd  position. Not only the NRIs from UAE, but most NRIs from all over the globe and also foreign nationals are increasingly choosing Bengaluru as their favorite destination in India when it comes to real estate investment.

What is the impact?

The impact of such sentiments of the buyers is highly positive for Bengaluru. Buyer’s Sentiment indexes predict that Bengaluru will be the only city to witness a growth in the new residential sector in the year 2014. The forecast for other five metro cities are expected to see a decline with Mumbai and NCR being the most hit which was evident from the poor sentiments of the buyers.

Data indicates that the six metros namely Delhi and NCR, Mumbai, Chennai, Pune, Hyderabad and Bengaluru accounts for 70 percent of residential segment sale in India. In this forecast it was predicted that all the six metros will register a 10 percent decline in the sales over last year’s figures.

Analyzing the data by an international real estate consultancy company it was predicted in June this year that a 4 % decline of sales will happen in these markets with a figure of 2.75 lakh units across these markets. But in reality a sharper than these figures were noted which disrupted the calculations.

The firm notes that there is a ray of hope in one of the cities of India and its Bengaluru which is the only city to end this year with a growth of sale by 3 to 5 percent. It is expected that 60,000 residential units will be sold as against the figure of 57, 000 units last year.

If you are looking for affordable Flats / Apartments in an around Bengaluru then Dreamz Infra is providing Flats at 40% lesser than market price.

Subscribe DreamzInfra001 Blog to get regular updates of Real Estate Industry and Discount / Offers on Bengaluru Flats.

19 comments:

  1. In a very short time span Bangalore has develope a lot as comparison to other metros of India, work opportunity pulls every IT professional here which increase the demand of residential areas in Bangalore. Even government is also trying every possible to help real estate builders by approving many relaxation to them. So the reason is very oblivious that even when all metros are struggling from the neutral behaviour of real estate market Bangalore is still able to make a constant profit from this sector.

    ReplyDelete
    Replies
    1. The percentage of mid income group in Bangalore is more as comparison to other metros mostly because of the IT professionals, These ITs believe they have a good career here so they want to settle down here for the rest of their career. The builders like Dreamz Infra smell these market scenario very quickly to come up with projects which suits them in addition few other builders also follow these technique which forces other builders to lower their price. In conclusion all the credits doesn't goes to the city Bangalore for its booming IT sector or for its perfect living environment, it is possible because of the strategy adopted by the builders here.

      Delete
    2. Bangalore real estate market is not affected that much comparing to the old metros, even after a sudden fluctuation in real estate graph for city like Hyderabad was not able to stabilize it self where Bangalore ended with a moderate profit margin. I have seen many realtor arguing that the demand of flats and apartment is less, well for them I must say in this financial year Bangalore will experienced highest collection from FDI because of this friendly budget.

      Delete
    3. Saran Adhikari6 March 2015 at 16:21

      Well this is not a very happiest news for Bangalore or the real estate investors of Bangalore that it again manage to survive from making any loss unlike other metros. Bangalore is used to a place where real estate infrastructure development was unexpectedly high and it was giving returns in double digit percentage. A smart investor here should take a deep look into the market and future residential projects where scope of new residential areas are more or any big project is about to launch.

      Delete
    4. Girish Sadanand10 March 2015 at 15:19

      Few ambitious projects has changed the landscape of the city and stretched its boundaries beyond the outskirts micro markets of Bangalore. As the growth of the city continues the population of the city increases by contributing a realty appreciation to its connectivity. Projects like metro railway gave an appreciation of almost 20 percent to its operational areas similarly International Airport and under construction metro project brings a hike to its respective areas. From the glimpse of budget it can be concluded that our government will come again with some new projects this year to continue its journey in raising real estate market.

      Delete
  2. From last two year the real estate market graph is looking like its crawling on floor, metros like Bangalore has able to make profit some how by managing unsold stocks and by selling high end affordable flats at a lower price by compromising with their profit. It has able to attract handful of foreign investors and manages to get stable at around 5 to 6 percent profit.

    ReplyDelete
  3. Bangalore always attracts IT professional to start their career here because of the presence of multinational Companies, which attracts other business here and a demand of real estate development. So even though other metros and big city are struggling to survive real estate market Bangalore still have a profit margin.

    ReplyDelete
  4. For their unsold stocks of realtors, they kept offers and discounts for the peoples to sell out the unsold property as soon. So that Builders are coming up with new technologies with the great ideas of constructions. Other cities builders were watching the Bangalore real estate market so for that they are selling the old projects in a reasonable price to grow their business..

    ReplyDelete
  5. Bangalore the only emerging metro of India which shows a continuous raise in economic sector every year comparing to other metros even after the decreasing interest rate on home loan and low restriction on foreign investors the real estate market doesn't seems any progress in India. Apartments and flats which were symbolized for high income group now builders are constructing it by taking both high and mid income group in their mind. Bangalore stood first in this race because of the presence of few local builders who continuously targeting low and mid budget flats and able to construct some low cost apartments with basic amenities.

    ReplyDelete
  6. Very huge employees we can get to see here in this city & lots of investors which made this city govt planed &constructed well IT parks in many places of top locations in Bangalorean this big city Dreamz builder constructed affordable homes to sell it for the middle class people to fulfill their dreams…

    ReplyDelete
  7. As per my point of view few builders are in Bangalore who fulfilled their promises what they before booking do, in that Dreamz builder is one who satisfied their customers by providing all their requirements of their customers. So that Bangalroen is the only city which fulfill their promises without any failing.

    ReplyDelete
  8. To own a dream land or home has remained a dream for many people in Bangalore. It is because of people were searching homes at several local areas and the price drop down so that they were waiting to buy their dream home. They are happy with the Dreamz prices and affordable projects but people dream is to buy in local areas, their request for Dreamz to construct their affordable homes in local areas.

    ReplyDelete
  9. Yes, Bangalore is the safe place compare to other cities. In this greenery city the authority is approved and given licenses for those builders who are in experts in real estate market. This city is safe from the frauds and cheaters because real estate market authority given the permission to only legal Realtor'a. So for that so many investors are involving in to Bangalore from other cities.

    ReplyDelete
  10. The situation of this greenery city is totally changed since from the last two years, the real estate market survey listed that the builders of this city is searching lands and taking approvals from the BBMP at the wastage of few places to start the construction at those places for the increasing population. Dreamz builder is searching cheap lands so that they construct the affordable homes to sell at low margin to fulfil the dreams of middle class people.

    ReplyDelete
  11. I was afraid of scams going on in Bangalore, Dreamz people just assured and helped me walk in my own sweet home with quality customer service. Overall, it was really good experience.

    ReplyDelete
  12. The demand in residential areas of Bangalore made it separated from other metros, here any residential person can guess, how many people from all over the country and abroad are coming here to settle their career and business. So the demand of residential areas are more in comparison to other metros. Even commercial areas for shopping malls and office are increasing as new per the demand of residence.

    ReplyDelete
  13. The real estate sectors Is always a good asset bet, experts opine is that Dreamz is the one builder on them everyone’s eyes are focusing and observing even during economic slow down ,Dreamz builder kept on growing, there are around 40 projects approved by the Bangalore authorities. Seeing the potential of Dreamz team many builders have come up with the promising in big cities. Other Reality were leaned from Dreamz builder how the prices have been controlled which makes the city a perfect destination for the growth of the sectors..

    ReplyDelete
  14. Yes its absolutely correct, in the last year 2014 the realtors of Hyderabad took the lowering the properties form the higher cost of segments making the projects a bit lower costs like wise they sold out huge properties which was unsold. Where as Dreamz builder in Bangalore, their market is stability was change by selling all their projects at reasonable prices..

    ReplyDelete
  15. Kripanidhi Gowda16 March 2015 at 15:55

    From the recent trends of real estate market of India it won’t be a fruitful decision to invest anything in property because most of the city witnessed loss. Again if there is no profit more than 10% on your current investment than why should anyone invest in real estate. Bangalore definitely has some potential over other cities but still I will advise people not to invest in real estate market if you are looking for a short term investment.

    ReplyDelete

http://www.casino.nf