BTM Layout sees biggest jump in property prices

In a research conducted among 2863 localities, real estate website makaan.com picked localities across the country’s top six real estate markets including Delhi, Mumbai, Bangalore, Chennai, Pune and Hyderabad.

The objective was to identify price drivers in each of these markets over the last 12 months (from January - Septmber ‘09 to January - September ‘10).  The research for Bangalore was conducted among 236 localities. Beating all other localities in Bangalore, property prices in BTM layout went up from Rs 3799 psf in (January ‘09 – September ‘09) to Rs 6005 psf in (January ‘10 – September ‘10) a whopping 58.5% increase.

RT Nagar comes next with an increase of 54% and the real estate prices in this locality went up from Rs 2366 to Rs 3643 during the same period. Other localities in Bangalore’s top ten lists are Sarjapur Road, Airport Road, CV Raman Nagar, Whitefield, Yeshwantpur, Electronic city, Hosur Road and Mahadevpura. These areas experienced price appreciation in the range of 50% - 15%.