Bangalore has witnessed a rise of about 4.5% on an average in the property prices in for the four month period between December 2011 and April 2012.
According to a study carried on by group buying portal, Groffer.com, the price change was observed for nearly 85 projects.
Highlights of Groffer.com Study..!
* The study also observes that while some areas have witnessed some stability in the prices, property rates in some areas have risen by above 5%.
* The survey shows that there were 41% projects where the prices remained stable & another 40% projects where prices were raised by more than 5%.
* Bangalore is divided into 2 segments prices are stable in certain areas like Yelahanka, Electronic City & there are certain areas like Sarjapur Road, Banerghatta Road and Kanakpura Road where prices have increased by above 5%.
* It observed an 8% price rise in project in Sarjapur Road and 7% price rise in projects in Banerghatta Road. These were clearly the hot demand spots in Bangalore right now.
* The average price rise of 4% in projects in Kanakpura Road like Mantri Serenity, Pride Springfields.
* The property developers in general did not increase pricing in projects in Yelahanka except for one project Krishna Northwoods where price was increased by 14%.
* No price change in North City by HM Constructions, Century Wintersun. According to the study price change in projects in Electronic City like Nitesh Estates,Townsville by Patel Realty, Jain Heights & Itinna was also not observed
DLF increased by 13%..!
* DLF increased prices for Maiden Heights in Electronic City by 13%
* Confident Group has increased prices for most of their projects by about 10%.
* SJR raised prices for SJR Unity in Brookfields by 15% and Luxuria in Banerghatta Road by 14 %.
* Biggies like Sobha Developers, Prestige Construction have kept prices stable.
According to a study carried on by group buying portal, Groffer.com, the price change was observed for nearly 85 projects.
Highlights of Groffer.com Study..!
* The study also observes that while some areas have witnessed some stability in the prices, property rates in some areas have risen by above 5%.
* The survey shows that there were 41% projects where the prices remained stable & another 40% projects where prices were raised by more than 5%.
* Bangalore is divided into 2 segments prices are stable in certain areas like Yelahanka, Electronic City & there are certain areas like Sarjapur Road, Banerghatta Road and Kanakpura Road where prices have increased by above 5%.
* It observed an 8% price rise in project in Sarjapur Road and 7% price rise in projects in Banerghatta Road. These were clearly the hot demand spots in Bangalore right now.
* The average price rise of 4% in projects in Kanakpura Road like Mantri Serenity, Pride Springfields.
* The property developers in general did not increase pricing in projects in Yelahanka except for one project Krishna Northwoods where price was increased by 14%.
* No price change in North City by HM Constructions, Century Wintersun. According to the study price change in projects in Electronic City like Nitesh Estates,Townsville by Patel Realty, Jain Heights & Itinna was also not observed
DLF increased by 13%..!
* DLF increased prices for Maiden Heights in Electronic City by 13%
* Confident Group has increased prices for most of their projects by about 10%.
* SJR raised prices for SJR Unity in Brookfields by 15% and Luxuria in Banerghatta Road by 14 %.
* Biggies like Sobha Developers, Prestige Construction have kept prices stable.
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