Bangalore Tops The List of Realty Destinations

Bangalore is at the top of the investment destination in the property market among all the Indian cities. Reports say that the private equities that have been invested in the Indian real estate market from the year of 2013 have been of the order of $ 51.5 million. Out of that about 13 percent of the investment that is about Rs. 44, 450 crores have been invested in Bangalore real estate. Bangalore now stands at the 20^th position in terms of global investment and in terms of global preferences. New Delhi stands at 34^th position and Mumbai at 42^nd as per the estimates of Jones Lang LaSalle (JLL). Along with that in the survey made in the earlier months of this year Bangalore stands at the top 20 technology rich cities of the world too. 

It is a fact that when it comes to the real estate volumes London, Tokyo and New York always tops the list in commercial real estate. In the Asia Pacific region the cities that ranked very high in the direct rolling of real estate investments are Singapore, Tokyo, Seoul, Sydney, Hong Kong and few others in the second quarter of the year 2015.

 In case of Bangalore the IT Parks and the SEZs that offers leased office spaces and assets attracts significant interest from the investors all over the world. This is significantly low risk but has high occupancy levels with a stable rental yield too. The office space absorption of Bangalore has witnessed the highest rate this year surpassing all the cities. The experts opine that this along with simultaneous job creation would definitely add to the growth of residential space absorption.

 The experts point out that as a thumb rule for every absorption of 100 sq. ft. of office space or commercial space there is a demand of 600 sq. ft. of residential space or area. Bangalore has already established itself as the biggest market of commercial space and so the residential absorption is bound to improve. According to a recent report there was an estimate that the residential sales are falling although commercial space absorption's are at all-time high. The reason attributed by the experts are that there may be generation of job but the average salary provided are not enough to invest in the real estate segment which requires high investment. But the experts still contend that as the industry prospers and time passes by the situation in the residential segment is bound to improve proportionately. 

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