The residential property market in South India has been conservative for a long time. Traditional style large sized homes and villas were in high demand in these regions. However, according to last years reports, the market is seeing a good deal of demand for the smaller size homes.
Being the nerve centre of the country’s IT sector, a number of people are attracted to Bengaluru in search of better job opportunities. These people need temporary homes- so they either rent apartments near their workplace or buy Eco-Friendly Homes in Bangalore that are economical and require less maintenance. Owing to this influx of people from different parts of the country to Bengaluru, the city recorded a substantial increase in the demands of apartments and homes.
To meet the rising demand, a number Real Estate Developers In Bangalore have come up with their projects offering 1,2, 3 BHK apartment and a studio apartment in different parts of the city.
The highest supplies are recorded in the areas closer to the commercial hubs likeThanisandra, Raja Rajeshwari Nagar, Electronic City, Bannerghatta Road, Begur Road and Chandapura. Besides being closer to the job locations, these areas also boast of a well developed physical and social infrastructure. Rental accommodations are also on the rise in and around these locations.