Bangalore is the undisputed first choice for all IT/ITES
companies and with the outsourcing of services (BPO’s)
in full blast we have witnessed a boom in the city’s
The exploding job market, handsome salaries and the easily
available home loans have helped the real estate market
to rise meteorically in the last 2 years.
The sudden demand for homes has led to a scramble for
construction especially in the South, East and Central
areas of Bangalore.
The rates in certain locations like Whitefield, Sarjapur
road, Outer Ring Road, Bannerghatta Road, Hosur Road have
spiraled at an alarming rate .
Whitefield for example has seen a 100% increase in land
rates in just over a year.
This construction boom should continue for the next year
and a half at least and with the FDI’s opened up,
there could be a spurt in construction in suburban Bangalore,
and the city could witness some high quality, fast-paced
development on the outskirts.
This should eventually even-out the demand and supply,
and we could witness a stabilizing of rates across the
city, which would be welcome as the rates of homes are
fast getting out of reach.