Bangalore Real Estate: Scaling All New Heights

As the recession is now taking a back seat, high expectations are pining on real estate Bangalore, in the time to come. The rates are believed to see an upward scale and towards the end of 2013, the rates of the properties can appreciate anywhere between 50-100%. The property valuations as currently done by the authorities and according to their reports, the market can see hike in price rates. As the prices would escalate, they would be greater chances that more revenue would come into their pockets. A value of 6000 crore has been set by the government as its target, in terms of revenue collection from registration and stamp duties, as are imposed levied on the new properties. The upsurge of the realty market can also be seen from the fact that a large number of new projects have been floated by builders and developers.

If the market predictions are to be believed, this is just the apt time for investing into residential apartments for sale in Bangalore. The prices have escalated and so have the number of new constructions. KR Puram, JP Nagar. Whitefield, Electronic City, and Jayanagar are the main localities that have witnessed a considerable growth in development of new properties. In addition to this, buyers' interest is also scaling a path upwards. As the number of absorptions increased this year, a rise in buyers' interest in making purchases also underwent escalation. The rest of the year is also expected to fare well in terms of absorption rate. If that happens, the imbalance between demand and supply shall get corrected. This shall make the prices fall back to their lesser values.

The psf (per square feet) rate in Bangalore Real estate has witnessed an upsurge. Take, for example, the psf value in August last year. It stood at a value of Rs. 3351/-. The value, this August, got appreciated to Rs. 3541/-. Till now, the highest psf value has been noticed in May, 2013, when the rate stood at Rs.3887/-.

Buy or rent residential and commercial properties over the real estate classifieds portal, Makaan.com. It is one of the property sites which lists lacs of properties from prominent builders and owners. Get fine-tuned results by searching on the basis of dimensions like location, budget, age, and type of property.