The real estate sector in Bangalore has grown to a large extent in the past one year. In the year ahead, the city’s realty is expected to grow by 25 per cent, estimates the Karnataka Chapter of the Consortium of Real Estate Developers’ Associations of India (CREDAI).
In a move to boost exchange of information and knowledge, the Karnataka body of the Confederation of Real Estate Developers’ Associations of India (CREDAI) has now joined hands with the Bangalore Realtors Association, India.
During the year 2011 when almost all other matured property market witnessed dip in transaction and price correction was on everyone’s lip, Bangalore registered both healthy transaction as well as upward price movement.
The Information Technology sector has a special significance for India, because India’s competence in this sector has made it a net exporter of IT services. It was the fastest growing sector of the nineties and continues to fast-track careers, spending power, local economies and real estate growth even today.
Brigade Group has announced its mega integrated project – Brigade…
Mapletree India China, a wholly-owned subsidiary of Temasek Holdings of Singapore, has acquired 100% stake in a Bangalore technology park for Rs.800 crore.
Puravankara Projects has taken over the Bangalore team of the inaugural eight-city team event, the Louis Philippe Cup, according to the Professional Golf Tour of India (PGTI).
Nitesh Estates has signed up a Rs.3bn residential project, at a strategic location accessible from Outer Ring Road as well as Sarjapur Road in Bangalore.
Realty major DLF has begun selling homes in south Bangalore for prices starting at Rs.28 lakh compared to the Rs.70 lakh-plus starting price for most of its flats, echoing a trend it has stayed away from for years.
Mumbai-based Godrej Properties (GPL), the real estate development arm of the Godrej Group, has launched a premium residential project Godrej Platinum at Hebbal, Bengaluru on Airport road.