Bangalore is the city that has experienced aggressive growth in real estate industry in the last two decades. Being the hub of the country’s IT sector, the city has attracted greatest attention of the young professionals who want to settle down in a city where there are ample growth opportunities. The thriving social infrastructure, constantly upgrading physical framework, international standards of education and job opportunities have given the much needed boost to Bangalore’s real estate market.
Properties in Bangalore can be found in all parts of the city. However, one of the most sought after residential location is East Bangalore. The eastern part of the city consists of some very popular localities such as Varthur, Whitefield, Marathahalli, Hoodi, Ramamurthy Nagar and Mallasandra. The best thing about East Bangalore is its widespread greenery. Though the locality has emerged as a residential and commercial hub, it has not lost its green charm. It has therefore attracted residents as well as tourists and professional travellers.
Click Here for Current Property Price Trends in East Bangalore
Over a period of one year from August 2014 to July 2015, the property prices in East Bangalore witnessed several ups and downs but mostly for the better. According to the price trends reports of Investors Clinic, the average property price for East Bangalore as recorded at the end of July ‘15 was Rs 4,150 per sq ft. During the same time period a year ago, this figure was recorded at Rs 3,720 per sq ft. Prices were quite stable from November ‘14 to April ‘15. However, the graph saw a dip in May ‘15 and prices reached Rs 3,450 per sq ft, after which it started shooting up again and arrived at the figure mentioned above.
The main attraction of East Bangalore is Whitefield. The locality developed into a major tech suburb and houses several multinational IT companies. Major 4-lane roads connecting it to the heart of the city and a skyline bustling with malls and multiplexes is what defines the true spirit of East Bangalore. It has developed as one of the most active business centers of India. Due to the ever developing nature of its commercial real estate, the city will keep witnessing an upward trend in its property price graph. Both residential and commercial development hold great for East Bangalore.
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