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  • February-2008

    LOG ON TO BANGALORE

    R E S I D E N T I A L R E A L E S T A T E R E V I E W

  • Key

    R- Rising

    F- falling

    S- Stagnant

    SS- Stagnant but likelt to strengthen

    Sw- Stagnant but likely to weaken

  • Bangalore

    A City Overview

    ?

    Capital of India'.?It is the principal administrative, cultural, commercial & industrial center of Karnataka

    ?The city is the third-largest hub for high networth individuals (HNI/HNWI), after Mumbai & Delhi

    ?There are close to 61 engineering colleges in & around Bangalore

    ?With the roaring IT sector people from all over India and even abroad have made a beeline for the

    city. Southern part of Bangalore especially Outer Ring Road and Electronic City witnessed huge IT

    developments till recently.

    ? IT giants like IBM, Dell, Infosys, Wipro all have their campuses here. Bangalore has the highest

    number of software professionals, a position it grabbed from Osaka, Japan.

    ?Apart from IT, the city is home to several heavy industries, aerospace, telecommunications,

    machine

    tools, heavy equipments & de fence establishments

    ?With the International Airport, the Metro Rail project, expressways, fly- overs, skywalks and

    integrated townships on the anvil, the city will soon wear a new look

    ?Bangalore Development Authority's Comprehensive Development Plan Master Plan 2015 talks of

    vertical growth in the city. This would translate into more high-rises within the city.

    ?A flexible zoning system has been introduced with mixed land use, taking the ground realities into

    consideration. There is enhancement of the floor area ratio (FAR) as well, upto a maximum of four,

    depending on the zone and road width. A FAR upto there has been fixed for roads over 30 metres

    This land of IT professionals has earned for itself sobriquets like the 'Silicon Valley of India' and 'IT

    1

  • 2

    Area (Bangalore) 741 sq.km.

    Location 12.97 N 77.56 E

    Population (2001) 65.37 lacs

    Decadal Population Growth Rate (19991-2001) 34.80%

    No. of SEZs (notified as on Dec 24, 2007) 13

    Total No. of Graduates (2001) 7.36 lacs

    Consumer Price Index (as in Dec 2007) 551

    % change in CPI Dec 2006-Dec 2007 6.2

    Crime Rate 501.60

    Residential Units to be delivered by Dec 2009 34,400

    Source: ICICI Property Services, Ministry of Commerce & Industry, Dept. of Commerce, CSO, NCRB, Census of India -2001

    Snapshot

    No. of Households (2001) 14.61 lacs

    House Ownership (2006): Owned 21.19 lacs

    Rented 29.84 lacs

    Provided by employer 0.85 lacs

    Others 0.92 lacs

    No. of property related transactions in Oct 2007 13,130

    Growth/ Drop in the no. of property related transactions1%

    in Oct 2007 over Q2 2007

    Source: Census of India 2001, Marketing Whitebook 2007-08, ICICI Property Services

    Residential Market

  • 3

    Average built-up area No. of units ready Total Supply

    of an by Dec 2009 (ready by Dec 2009)apartment in in million sq.ft.

    sq.ft.

    North 1 BHK

    2 BHK 1200 6750 8.1

    3 BHK 1650 2250 3.7

    4 BHK 3000 1000 6.0

    (Villa)

    South 1 BHK

    2 BHK 1200 9000 10.8

    3 BHK 1650 3000 4.95

    4 BHK 3000 1500 4.5

    East 1 BHK

    2 BHK 1200 7500 9.0

    3 BHK 1800 1000 1.8

    4 BHK 3500 500 1.75

    West 1 BHK

    2 BHK 1200 700 0.84

    3 BHK 1650 250 0.4

    4 BHK 2500 100 .25

    Central 1 BHK

    2 BHK 1300 500 0.65

    3 BHK 1800 250 0.45

    4 BHK 3000 100 0.3

    34400 53.49

    Supply of Residential Units (By Grade A, B & C developers) coming up by December 2009

    Source: ICICI Property Services

  • West

    3%

    Central

    2%East

    26%

    South

    40%

    North

    29%

    Distribution of residential supply-no. of units(Category A, B, C developers)across Bangalore

    Source: ICICI Property Services

    4

    North Bangalore South Bangalore East Bangalore West Bangalore Central Bangalore

    Yashwanthpur Kothnur Whitefield Kengeri M. G. Road

    Sahakar Nagar J P Nagar 6th & 7th Phase Brookefields R R Nagar Malleshwaram

    HRBR Layout Sarjapur Road HSR Layout Uttarhalli Basavangudi

    Ram Murthy Nagar Hosur Road Kaggadasapura Nagarbhavi Padmanabha Nagar

    HBR Layout Bannerghatta Road Marathahalli Chandra Layout Koramangla

    Bellary Road Kanakpura Road K R Puram Dr. Raj Kumar Vasanth Nagar

    Yellahanka Gottegere Old Madras Road Vijay Nagar Indira Nagar

    Sanjay Nagar & Vijaya Bank Colony C V Raman Nagar Rajaji Nagar Cox Town RMV Extn.

    Banaswadi Electronic City Frazer Town

    OMBR Layout Jaya Nagar Benson Town

    Hebbal Outer Ring Road

  • 5

    S.No. Name Location Type Area

    (in hectares)

    1 WIPRO Ltd Sarjapur Road IT 6.5

    2 WIPRO Ltd Electronic City IT 5.2

    3 Vikas Telecom Ltd. Outer Ring Road, IT/ITES 36.9 EastTaluk,

    4 Adarsh Prime Devarabaseenahalli, IT/ITES 27.9Projects Pvt. Ltd. Bhoganahalli &

    Doddakanahalli

    5 Tanglin Pattengere/ Mylasandra IT/ITES 26.7Development Ltd. Villages

    6 Shyamaraju &Ltd. Kundalahalli Village, IT/ITES 21.8Company (I) Pvt. Krishnarajapuram

    7 Cessna Garden Ltd Kadubeesanahalli Village, IT/ITES 19.3 Developers Pvt. Varthur Hobli,

    District Bangalore

    8 Manyata Promoters Rachenhalli & IT/ITES 22.3 Nagavara Village,Bangalore District

    9 HCL Technologies Jingani Industrial Area, IT/ITES 10.9 Attibele Taluk,

    Bangalore District

    10 M/s Information IT/ITES 10.9Bangalore Technology park

    11 Primal Projects IT/ITES 10.4Bangalore Pvt. Ltd.

    12 Biocon Ltd. Anekal Taluk Bio-technology 35.6

    13 Karnataka Biotechnology &

    Electronic City, Bio-technology 37.5InformationPhase III Bangalore

    TechnologyServices (KBITS)

    924.13Total

    SEZs notified as on Dec 24, 2007

    Source: Ministry of Commerce & Industry, Dept. of Commerce

  • 6

    S.No. Mall Name Site Location Zone Total Area in StatusMillion sq.ft.

    (Approx.)

    1 Garuda Magrath Road Central 0.3 Operational

    2 Salapuria Tech Intermediate Ring Central 0.2 Completed but notPoint Road, Koramangala operational

    Completed but not3 UB City Vittal Mallaya Road Central 0.2

    operational

    4 Bangalore Central Commissariat Road Central 0.1 Operational

    5 Sigma Cunnigham Road Central 0.1 Operational

    6 Eva Mall Brigade Road Central 0.1 Operational

    7 Pride RV Road ( Lalbagh ) Central 0.35 Proposed

    8 Garuda Mall Jaynagar Central 0.15 Under Construction

    9 Zephyr Mall Whitefield East 0.7 Proposed

    10 Forum Mall2 Whitefield East 0.5 Under Construction

    11 lido mall Old Madras Road East 0.2 Operational

    12 Cosmos Whitefield East 0.1 Operational

    13 RMZ Mall Yellahanka North 1 Under Construction

    14 Orion Yeshwanthpur North 0.5 Under Construction

    15 Esteem Mall Hebbal North 0.1 Operational

    16 Mantri mall Malleswaram North West 0.6 Under Construction

    17 Fortune city Outer Ring Road South 1 Proposed

    Electronic City-18 Esteem Mall South 0.7 Proposed

    Hosur

    19 Palm Beach Galleria Outer Ring Road South 0.6 Proposed

    20 SJR Mall Bannerghatta Road South 0.5 Proposed

    21 Indus Mall Banargatta Road South 0.4 Proposed

    22 Forum Koramangla South 0.4 Operational

    23 Sigma grand Outer Ring Road South 0.4 Under Construction

    24 Spirit Bellandur, ORR South 0.2 Under Construction

    Completed but not25 Innovative Bannerghatta Road South 0.3

    operational

    26 Altius Sarjapur Road South 0.35 Proposed

    27 Coupon mall Hosur Road South 0.1 Operational

    28 Arena Outer Ring Road South East 0.2 Under Construction

    29 Sobha mall Magadi Road West 1 Proposed

    30 Legacy mall Mysore Road West 0.3 Operational

    Completed but not31 Gopalan Mall Rajrajeshwari Nagar West 0.2 operational

    Total 118.5

    Organised Retail Development

    Source: ICICI Property Services

  • North Bangalore

    Major Locations Sahakar Nagar, HRBR Layout, Ram Murthy Nagar, HBR Layout, Sanjay Nagar & RMV Extn., Bellary Road and Yellahanka ,Banaswadi,OMBR Layout, Hebbal , Yeshwanthpur

    North Bangalore has now become one of the hottest investment destinations in the city.

    This zone can expect a very good appreciation in the near future

    RMV (Raj Mahal Villas) Layout , Sanjay Nagar and Sadashiv Nagar are the premium areas of north

    Bangalore

    Yellahanka is also an upcoming area in this zone

    Ram Murthy Nagar, Kalyan Nagar, provide affordable housing in this part of the city

    Growth Stimulators?This part of Bangalore was untouched till now, but the proposed international airport has

    propelled the real estate prices here.

    ?The Eight-laned Bellary Road has improved the connectivity to the city

    ?Availability of large land parcels has led to development of theme based luxurious villa

    developments as well as huge integrated township projects.

    ?Bellary road the major corridor connecting the city to the international airport enjoys premium

    projects and gated communities with villas.

    ?Commercial developments like Manyata Tech Park, and Nagwara Techpark (in pipeline) have

    generated large employment opportunities in this part of Bangalore.

    ?Commercial development of approximately 7 million sq.ft. will enter the market by Dec. 2009. This

    translates into close to 63000 new jobs getting created by Dec 2009. (Assuming 10% vacancy

    levels)

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    7

    Average Apartm