Puravankara MG Road Bangalore introduces luxury homes facing 10 acres green area by Puravankara Group. Ranging from 165 sq mtr to 219 sq mtr, the project gives the benefit of a prime location with spectacular views of a beautiful surroundings adding a picturesque ambiance to your home.
Overall, Bangalore's residential market is doing well at the moment. The introduction is back to normal and this will help keep price growth normal and the balance of non-selling commodity numbers. With the continued growth of the Bangalore office market, growth in residential needs will continue to stabilize. The impact of the NBFC crisis on mortgage lending and employment status across the economy could pose threats in the future.
Bangalore housing market brought good performance in the previous year. Its office market transactions reached a peak last year, a significant increase since last year. At the same time, a significant size of new supply entered the market. New supply has a growth rate of 80% annually while purchase prices culminate close to 1 mn sq ft, an increase of 75%.
Increased supply is suitable for the work of a thriving market. As demand continues to grow, quality supply is proposed and planned for the coming years. Most of these future offerings are planned in and around the city, a business activity hub in Bangalore.
A large office space was used this year, which is almost double of the previous year. This increase in volume may be due to an increase in industrial activity for Information Technology (IT) / Information Technology enabled Services and a collaborative sector.
The share of IT sector in Bangalore office space increased significantly. In terms of total land use, there is a significant increase as well. This rise in IT markets could be due to two factors: one is the marked shift of these residents into value-added services and the other is the Bangalore infrastructure issues that strongly promote IT companies that should consider Bangalore. Your investment at Puravankara MG Road Bangalore will reap good returns in future.