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Finance In last little years Bangalore has witnessed a steady demand in property with the fast-growing infrastructures and expansion of IT/ITES hubs. Though, the fact cannot be denied that the entering of IT/ITES industries and MNCs are the main drivers in the demand for real estate property in Bangalore. Many experts do agree that Bangalore City very soon will be the new real estate hub of the country. In the recent report by the NHB Residex stated that the property prices across twenty two cities out of twenty six has dropped and it was also observed that Bangalore saw a moderate rise in property demand. Prestige Kewgardens Here are little updates on Bangalore’s real estate market in 2013: The key infrastructure projects in the past include the Bangalore-Mysore Infrastructure Corridor (BMIC) and Bangalore International Exhibition Center (BIEC). Some other under-construction and planned infrastructure projects are Metro Rail Phase one and two and the Peripheral Ring Road. These, above mentioned projects are likely to change the entire region in its appearance. Since this area has large industrial land parcels, the development of large incorporated projects will result in the development of the real-estate in the region. For Details of Prestige Kewgardens Most of the social infrastructure developments in this area satisfactorily meet the residing populations need. The metro rail projects are likely to drive new residential locations; the proposed Bangalore Metro Rail Project will inter-connect different parts of the city and will reduce the congestion in traffic. The metro rail projects aims to improve connectivity and reduce the commuting time that will inspire the city population look for residential property in suburban locations, which in turn will initiate the development of social infrastructures like schools, health care, entertainment and leisure facilities. The north part of Bangalore/which includes areas like the Sarjapur Road/Bannerghatta Road/Kanakpura/Whitefield/Varthur/Mahadevapura/Uttarahalli/Yelhanka and other places has become the most promising micro-markets. For pre launch offer of Prestige Kewgardens Bangalore The drive for residential properties in this area is due to the launch of international airport and the improved accessibility to other places in a recent report prepared by the IIM Bangalore and MagicBricks, revealed that though buyers expected rise in real estate prices slightly, the Bangalore housing sentiment index was 106 that showed the demand for residential properties. Based on the reports by various research made by relevant organizations shows that the demand for houses will see a steady grow in 2013. With many proposed infrastructure projects that will change the face of the suburban areas in Bangalore, Bangalore Real Estate Market is likely to moving towards growth and expected to give an annual return of 15percent in the next five years. For The Bookings of Prestige Kew Gardens About the Author: 相关的主题文章: