The financial year 2014-15 saw some significant changes in the real estate market of Bangalore. The capital values across some of the popular sub-markets of Mumbai have seen good appreciation. However, the overall absorption rate for the Flats for Sale in Bangalore are recorded to be lower than the last year. Several new projects also came up in different parts of Bangalore.
Unlike East and Central Bangalore, North Bangalore has received much attention of the investors this year. The main reason behind popularity of this area as a residential and commercial destination is its proximity to international airport. IT parks are also coming up around the area which will further boost its commercial development. Karle IT Park and Embassy Manyata Tech Park are the two most famous Special Economic Zones in North Bangalore. The location is also a hub of fundamental research institutes and colleges that match international standards in their curriculum and training techniques. Over 500 reputed organizations including BHEL, HMT and Hindustan Times have their offices here.