Despite several real estate project launches on the anvil, property prices unlikely to moderate in Bengaluru: Experts | Hindustan Times
In a bid to capitalize on the booming demand for home ownership amongst upper middle-class and rich Indians, several real estate developers have recently concluded a flurry of land deals in Bengaluru. However, despite a slew of projects set to be launched in the near-future, sectoral experts do not foresee a moderation in housing prices in the market. “If you compare prices in the same quality of housing across metros like MMR and NCR, Bengaluru still commands amongst the lowest.
So, there is room for further growth,” explained Pramod Bisht, CEO, South Zone, Godrej Properties. He estimated a 7-10% property price appreciation in the key micro markets of East, North and South-east Bengaluru. They include popular areas such as Whitefield, Sarjapur Road, Hebbal, Thanisandra and Bellandur, among others.
