BDA Announces Mid-March Auction of 145 Prime Sites Across Bengaluru: Corner and Intermediate Plots in Hebbal, Nagarabhavi, HSR Layout, and Koramangala. Online Bidding to Start Soon with ₹4 Lakh EMD; High-Value Sites in Developed Areas Target Investors Seeking BDA-Certified Landholdings.
Bangalore surpasses Mumbai as India's most expensive city, according to RBI's CPI. High living costs attributed to the IT industry and inflated prices of essential goods.
Xander Group plans to invest ₹300 Cr in Nitesh Estates' Bangalore retail project on 8 acres in Koramangala. Xander has invested over $2 Bn in India.
Koramangala in Bangalore is expected to give investors higher returns. Due to limited availability of vacant spaces and high demand, property prices are expected to increase.
Bangalore's Outer Ring Road (ORR) is booming as a commercial real estate hub, driven by strong IT sector demand and limited office space, according to a Jones Lang LaSalle India report.
Koramangala, once overlooked, has transformed into a prime real estate hub in Bangalore, with rising rentals and limited commercial space, reflecting its growing desirability.
Bengaluru's commercial real estate thrives due to its skilled workforce, quality living, and ITES sector, although real estate costs and accessibility are also significant factors.