Why Unsold Realty Stocks are increasing in Bangalore?

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Why Unsold Realty Stocks are increasing in
Bangalore?
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Unsold Realty Stocks are increasing in Bangalore
Bangalore is one of the most lucrative markets of
real estate in the Indian subcontinent. The
interests of the NRIs and the corporate interest
and penetration is one of the highest compared to
all the markets of India. It is the Silicon
Valley of India with many techies of the city and
the investors of abroad and the NRIs who attempts
to invest in the city. It was evident that the
year 2015 during its first half was not at all
so good with bleak pictures of absorption rates
in many cities. But in spite of all these
positive factors the absorption rate of the
residential sector of Bangalore has touched an
all-time low of 1.6 percent during the first half
of the year 2015.
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• Bangalore was no exception in that respect
  despite so many of the start-ups, new ventures in
  other sectors other than IT and infiltration of
  many multi-national and Indian companies in the
  city.
• The later-half of 2015 saw an increase in the
  absorption rates of the houses, apartments,
  villas, row houses and even luxury apartments
  too.
• This happened due to the relaxed interest rates
  of the RBI, relaxed FDI norms and hence increased
  flow of capital and lucrative offers by the
  realty developers and builders throughout India.
• All these factors also played in Bangalore too
  and on the absorption rates of Bangalore too.

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• The first half of the year 2015 witnessed all
  types of real estate development which
  appreciated in value in sharp contrast.
• The maximum amount of price rise happened in
  plotted development which appreciated the most
  that is by 17.6 percent.
• Next in line were the apartments which
  appreciated by 9 percent, row houses by 8.8
  percent and the villas went up by 1.73 percent.
  The estimated net addition in the residential
  unit development was by 29,135 units.
• The North West region of Bangalore appreciated
  the most in price range at a rate of 10.6 percent.

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• The average price of the dwelling units were at
  Rs. 5, 344 per sq. ft. The other parts of the
  city like the North East, Central and the South
  West went on the range of 8 percent to 9 percent
  to the maximum.
• The average size along with the average price
  increment was in the range of 6 percent from Rs.
  5, 226 to Rs. 5,540 per sq. ft. The experts note
  that there is a possible mismatch in the
  developers offerings in the market and the
  buyers preferences.
• The statistics also point out that 33 percent of
  the dwelling unit inventory is priced above Rs. 1
  crore per unit which is way above the
  affordability and the demand pattern.

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• The average increment of the price of the
  apartments was in the tune of Rs. 4, 937 per sq.
  ft. in 2014 which increased to Rs. 5852 per sq.
  ft. which is a rise of 18.5 percent.
• This happened in 2015 and the plots and the
  villas were noted to have appreciated by 13.1
  percent and 34.9 percent respectively.
• When it came to the new launches in the city
  sector wise the maximum new launches happened in
  the North East region which was about 44 percent
  whereas the South East region added a supply of
  33 percent.
• The South West part had a supply of 14 percent
  and the North West supplied about 8 percent to
  the inventory of the new launches in 2015.

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• The highest supply of the apartment switnessed in
  the regions like Whitefield, Electronic City and
  Sarjapura Road amounting to 42.29 million, 26.63
  million and 30.47 million sq. ft. respectively.
• The interest of the buyers so estimated was the
  highest for the apartments which is at 70
  percent. The next in line was the interest for
  the plotted development at 16 percent.
• The enquiries for villas, independent houses and
  row houses were at 3.8, 4.8 and 0.2 percent
  respectively. The most preferred category in the
  budget housing was in the price range of Rs. 40
  to Rs. 65 lakhs in the prospective places of
  Bangalore like the South and the Northern region.

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• But with all the upheavals the scene is that the
  unsold stock of the city is estimated at 1, 01,
  992 units as per a report of the global real
  estate consultant L J Hooker.
• Next in line were the apartments which
  appreciated by 9 percent, row houses by 8.8
  percent and the villas went up by 1.73 percent.
  The estimated net addition in the residential
  unit development was by 29,135 units.
• When it came to the new launches in the city
  sector wise the maximum new launches happened in
  the North East region which was about 44 percent
  whereas the South East region added a supply of
  33 percent.

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Phone - 080 40155666, 8494 9301 72 Email -
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Property Buying Tips

• Pre-launch Flats Vs. Ready-to-move Apartments
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• How to buy a flat being Cautious to avoid Problems

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