According to a research by Nirmal Bang, a brokerage and analyst firm, the residential market in Bangalore is expected to witness a price rise of up to 15% over the next six to eight months.
This move by developers to increase the prices rides on the positive run, which they have witnessed during 2011.
This move by developers to increase the prices rides on the positive run, which they have witnessed during 2011.
Key Points of Nirmal Bang Report..!
* In the first 2 months of 2012 witnessed the launch of several projects by reputed developers and the momentum is expected to continue in the coming months, thanks to the demand from the IT (Information Technology) and ITeS sector & better affordability compared to other cities in our country.
* Bangalore has seen absorption of 4.9 crore square feet of residential property in 2011, more than in any other Indian city (4% & 40% higher than NCR & Mumbai respectively).
* A 15% year on year increase in absorption in calendar year 2011 in commercial space compared with 8 % increase and 9% decline in absorption in NCR & Mumbai, respectively
* The residential capital values in Bangalore are not above their 2008 peak, unlike NCR (National Capital Region) and Mumbai markets, thereby providing high affordability quotient.
* Bangalore has seen absorption of 4.9 crore square feet of residential property in 2011, more than in any other Indian city (4% & 40% higher than NCR & Mumbai respectively).
* A 15% year on year increase in absorption in calendar year 2011 in commercial space compared with 8 % increase and 9% decline in absorption in NCR & Mumbai, respectively
* The residential capital values in Bangalore are not above their 2008 peak, unlike NCR (National Capital Region) and Mumbai markets, thereby providing high affordability quotient.
Head Office - Nirmal Bang,
38-B/39, Khatau Bldg, 2nd Flr, Alkesh Dinesh Mody Marg
Fort, Mumbai - 400 001 Tel. : 022 - 3926 8600
Fax. : 022 - 3926 8610
E-mail: contact@nirmalbang.com
Corporate office
B-2, 301/302, Marathon Innova, Nr. Peninsula Corporate Park
Lower Parel(W), Mumbai-400013
Board No. : 022 3926 8000, 3300 0033 Fax. : 022 3926 8010
E-mail: contact@nirmalbang.com
For Nirmal Bang Equities Private Limited
Existing customers can send in their
Grievances to: nb.equities@nirmalbang.com
Tech Support Tel.: 91-022-3926 8300
E-mail: nbit@nirmalbang.com
Customer CareTel.: 91-022-3926 9300
E-mail: customer.care@nirmalbang.com
Sales - Contact Person : Mr. Sagar Karvat
Tel.: 91-022-3926 9401, 9402
Mob: 7738380033
E-mail: sales@nirmalbang.com
38-B/39, Khatau Bldg, 2nd Flr, Alkesh Dinesh Mody Marg
Fort, Mumbai - 400 001 Tel. : 022 - 3926 8600
Fax. : 022 - 3926 8610
E-mail: contact@nirmalbang.com
Corporate office
B-2, 301/302, Marathon Innova, Nr. Peninsula Corporate Park
Lower Parel(W), Mumbai-400013
Board No. : 022 3926 8000, 3300 0033 Fax. : 022 3926 8010
E-mail: contact@nirmalbang.com
For Nirmal Bang Equities Private Limited
Existing customers can send in their
Grievances to: nb.equities@nirmalbang.com
Tech Support Tel.: 91-022-3926 8300
E-mail: nbit@nirmalbang.com
Customer CareTel.: 91-022-3926 9300
E-mail: customer.care@nirmalbang.com
Sales - Contact Person : Mr. Sagar Karvat
Tel.: 91-022-3926 9401, 9402
Mob: 7738380033
E-mail: sales@nirmalbang.com
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