IT industry and the ongoing infrastructural activities have kept the boom in Bangalore’s real estate sector going for more than a year. The city with number of renowned software companies has always been a home for white collar professionals, and with the developing industrial and investment zones, the city is witnessing a rise in the luxury segment.
Luxury merely does not mean a high-end apartment but in Bangalore, it stands for a complete package of a technologically designed dwelling which is set through excellent benefits like connectivity, infrastructure and international outlook. Seeing, the sprouting demand for luxurious spaces, developers have launched their magnificent projects in the developed areas of the city. They have also been encouraged by an increase in the rate of absorption for the high-rise apartments.
The luxury housing category – 60 lakh to 1 crore has witnessed an increased supply in Central Bangalore whereas South Bangalore has recorded lack of available units. Ultra-luxury segment- Rs 1 to 5 crore, on other hand, has witnessed a hike in demand majorly driven by NRIs. These properties are mainly along the Bellary Road which leads to Kempegowda International Airport. Other properties in the same range are available in established residential locales including Benson Town, Ulsoor, Frazer Town, Hebbal and Yelanhanka.
