Bengaluru developers shift focus to mega integrated townships, with 2024 projects showing a 25% rise in residential units. Emphasizing work-live-play models, these developments target Sarjapur Road and Whitefield, addressing urban congestion while prioritizing premium amenities and connectivity.
Analysts predict flat residential demand in Bengaluru for 2025, while commercial real estate thrives. Northern and eastern micro-markets emerge as key growth areas driven by metro connectivity and infrastructure improvements. New vertical development strategies adapt to land scarcity, and developers adopt innovative pricing models to sustain buyer interest.
Whitefield's Brigade TechPark reaches 100% occupancy, signaling strong post-pandemic growth in Bengaluru's commercial real estate sector with rising demand for office spaces.
Bengaluru's rental housing market saw an average price correction of 5-10% during the April-June quarter of the current calendar year, driven by tenants moving to the outskirts and the growth of co-living options.
Mahindra Lifespace Developers Ltd. acquired 9.4 acres in Bengaluru for a Rs. 1,700 crore residential project, focusing on mid-premium housing and spanning 1.2 million sq ft.
Upcoming Bengaluru Transit Infrastructure Projects to boost real estate development. Impact includes major locations like Whitefield and Electronic City.
South Bangalore, particularly Kanakpura Road, sees high demand for new flats, especially among young professionals. East Bangalore also experiences strong demand, with areas like Whitefield and Electronic City attracting interest for 3BHK flats.
The growth of IT parks in Whitefield has led to a surge in demand for residential options, making it a sought-after area for professionals in Bangalore.
Bangalore’s real estate market, driven by IT professionals, posted a 19% hike. East and North Bangalore areas, renowned for accessibility, infrastructure, and social structures, saw increased demand.
Bangalore real estate market sees increased unsold stock and varied demand across different parts of the city.
Bangalore's top-end villa rentals have dropped by 25-30% due to a surge in new projects and the decline in expat relocations, affecting demand significantly.
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.
Akruti Developers introduces the Afallon project featuring serviced studio apartments in Whitefield, Bangalore, with an enticing rent guarantee scheme for investors.
Frasers Hospitality expands into India, signing contracts for three Bangalore properties. Fraser Residence Beverly Park and Fraser Place Whitefield will open in June 2009, with Fraser Place Hosur Road slated for 2011.
Atria group plans to expand its Indian hospitality sector portfolio with 1500 new rooms across multiple cities, including the launch of Atria Grand in 2009.
Phoenix Group Global launches Zuri brand of luxury hotels and resorts in India. First hotel to open in Bangalore, with plans for five more across the country.
Bangalore's central mid-range residential rentals surge by 8-10% due to fewer new projects from leading developers, while eastern and southern areas face an 11% and 4% drop, respectively.
Vacancy rates are rising in Bangalore and Chennai's tech hubs as IT companies seek new locations, causing concern for real estate developers.