Strategic Partner :
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BANGALORERESIDENTIAL REAL ESTATE MARKET
Bangalore – Residential Real Estate MarketBangalore has almost recovered from the slowdown
realty sector was facing last year. Although demand in the city has seen no major change from the year before, the unsold inventory has witnessed a drop of 4% annually. The year 2018 witnessed high new launches to compensate the lull period of 2016-17.
Prices have remained almost stagnant in last three years around Rs. 5400-5500 per sqft of saleable area.
The city is infamous for its high traffic volumes although the proposed metro lines and peripheral ring road (PRR) are expected to improve the condition and reduce congestion pressure from the existing road network.
The proposed metro line have already started impacting the prices in surrounding areas. All the infrastructure take an advanced appreciation in the city and not much gain is witnessed when the actual operation starts.
Bommasandra, Attibele-Anekal Road and KanakpuraRoad - Vakil Garden City have been the most preferred locations among the buyers in last 12 months.
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2016 2017 2018
Pri
ce (
psq
ft)
Bangalore Bommasandra Kanakpura Rd - Vakil Garden City Attibele Anekal Rd
Legend
Purple Line
Green line
Yellow Line
Red Line
Brown Line
Blue Line
Pink Line
Proposed Peripheral ring road
Bangalore Airport
Bangalore Railway Station
Bangalore Metro Map - Source: Liases Foras
Product Typology
1 1500-1750 1100-1200 600-650
2 1300-1400 1000-1100 650-700
3 1400-1500 1200-1300 450-500
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12 3
2BHK3BHK
1BHK1BHK5%
2BHK47%
3BHK36%
4BHK2%
Villas3%
Others7%
Product Wise
Based on the last 12 months’ sales, 2BHK flats are the most preferred product among buyers, followed by 3BHK and 1BHKs.
Buyers mostly picked up units between 1100-1200 sq.ft. (2BHK), 1500- 1750 sq. ft.(3 BHK) and 600-650 sq.ft. (1 BHK).
Cost range of 50 Lacs- 1 Cr has the maximum sales compared to all other segments.
18%24%
44%
10%
3%
<35 Lac 35 - 50 Lac 50 - 1Cr. 1 - 2 Cr. > 2Cr.
Cost range wise percentage share of Sales
Trend in New Launches
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Electronic City Phase 1 is the top gainer in terms of maximum new launches in the last 12 months followed by Tumkur RD-BIEC and Bommasandra.
Maximum new launches are in the cost range of 50 Lacs- 1Cr.
Amongst the new launches, 2 BHK is the most preferred product as can be seen by sales and supply distribution.
11%
54%
30%
1%
4%
Sales in New Launch
1BHK 2BHK 3BHK 4BHK Others
7%
50%
36%
1%6%
New Launch Supply
1BHK 2BHK 3BHK 4BHK Others