Bangalore
has long been one of the preferred destinations for people to reside in
India. The tech city seems to be correctly priced too, as per a study
conducted by Knight Frank.
The study showed that residential prices in the tech city have moved in narrow ranges in FY2012, without much variation. Given the depreciation in rupee, it seems a good time for NRIs to invest in Bangalore, says Economic Times quoting the report.
Bangalore has been expanding radially to meet residential demands of the increasing populace of the city, as per a study conducted by Knight Frank. During FY 2012, Bangalore witnessed the launch of approximately 9700 units, which are scheduled to be completed in the next 2-3 years. At present, most of the residential projects are concentrated towards the northern and the southern part of the city.
Residential units were responsible for around 70% of the total number of units launched during FY 2012. The ticket size of the residences ranged from Rs 2.5 million to Rs 7.5 million. As of March 2012, nearly 1,19,000 residential units are under various stages of construction in the Bangalore market, as per the study. This can be primarily attributed towards affordable pricing during the year.
The study showed that residential prices in the tech city have moved in narrow ranges in FY2012, without much variation. Given the depreciation in rupee, it seems a good time for NRIs to invest in Bangalore, says Economic Times quoting the report.
Bangalore has been expanding radially to meet residential demands of the increasing populace of the city, as per a study conducted by Knight Frank. During FY 2012, Bangalore witnessed the launch of approximately 9700 units, which are scheduled to be completed in the next 2-3 years. At present, most of the residential projects are concentrated towards the northern and the southern part of the city.
Residential units were responsible for around 70% of the total number of units launched during FY 2012. The ticket size of the residences ranged from Rs 2.5 million to Rs 7.5 million. As of March 2012, nearly 1,19,000 residential units are under various stages of construction in the Bangalore market, as per the study. This can be primarily attributed towards affordable pricing during the year.
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