B'lore North preferred realty pocket

Bangalore North continues to be the most preferred location to buy property, thanks to its proximity to international airport and the development in other sectors according to realty experts in City.

Hema K, Sales & Marketing Manager, G Corp Home Private Limited said that, “South Bangalore is saturated but Bangalore North is now one of the most happening locations” adding that is also one of the reasons why the number of projects in that part of the City were more. Hema also explained that it was the properties priced between Rs 60 lakh and Rs 80 lakh that were preferred. “The market has been down from the month of May and the villas priced above Rs 1 crore are hardly bought, ” she stated.

  The Confederation of Real Estate Developers' Associations of India (Credai) has organised a two-day Realty Expo to arouse interest among the people of southern Bangalore. Thirty-one developers and nine financial institutions participated and exhibited their project illustrations.

The belt from Electronic City to Whitefield is expected to pick up due to two reasons according to Arvind Srinivasan, Chief Strategy Officer, Fortune Group. “There is enough land space in those areas and also an acceleration in IT and non-IT sector development,” he said. Arvind also said it was mostly properties priced below Rs 80 lakh that are preferred in Bangalore South.