Let me share with you Bangalore Apartment price trends since Jan 2007. I have compiled data from 2007 to 2011. Hope it is helpful.
Frankly I am not seeing too much hike in real estate rates in bangalore since 2007. Way back in late 2007 rates hovered around 2400 to 3000. Today the rates are at 2500 to 3600. At the upper end rates have gone up by 20%. But on an average since 2007 rates have gone up only by 10%.
The Reason, I guess is the 18 months slow down from mid 2008 to end of 2009. In fact rates crashed in early and mid 2009. Rates went up in 2010 to late 2007 levels. But 2011 was more flat movement, owing to higher interest rates.
Date
|
Place
|
Per/square/Feet
|
Builder
|
Jan-07
|
ORR
|
2600
|
Nagarjuna
[NCC Maple Heights]
|
Mar-07
|
Electronic
city
|
1350
|
|
Jun-07
|
ORR
|
3040
|
Nagarjuna
[NCC Maple Heights]
|
Jun-07
|
ORR
|
3500
|
sobha
daffodil
|
Jun-07
|
Yehlanka
|
2590
|
Nagarjuna
Meadows
|
Jun-07
|
In
Sarjapur road
|
2250
|
Oceanus
Monarda
|
Jul-07
|
Kanankapura
Road
|
2400
|
Gopalan
Jewels
|
Aug-07
|
Ecity:
Near wipro
|
2600
|
Goel
Ganga’s vertica
|
Aug-07
|
In
Sarjapur road
|
2390
|
Oceanus
Dwellings
|
Sep-07
|
Marathahalli
(on Varthur Rd)
|
2650
|
Esperanza
|
Sep-07
|
ORR
|
2800
|
Sun City
(corporate Leisure)
|
Sep-07
|
Begur
|
1800
|
Divya
Jyothi Lake Point
|
Oct-07
|
Bannerghata
Road
|
2700
|
Esteem
Enclave
|
Oct-07
|
Begur
Lake
|
1900
|
Arattukulam
builders
|
Nov-07
|
Near HAL
|
2200
|
Chitrakut
Builders
|
Dec-07
|
Electronics
city [Ananth Nagar]
|
2050
|
|
Feb-08
|
Begur :
Near Hosur Road
|
2495
|
Concorde
Midway City
|
Feb-08
|
WhiteField
|
2300
|
Nitesh
Forest Hills
|
Mar-08
|
Kundana Halli
|
3000
|
AKME
ENCORE
|
Mar-08
|
GM palya
|
2350
|
Nester
Raga
|
Mar-08
|
Marathahalli
|
3200
|
Spectra
Cypress
|
Apr-08
|
WhiteField
|
2800
|
Brigade
metropolis
|
Apr-08
|
In
Sarjapur road
|
2550
|
HM
Symphony
|
May-08
|
Jeevan
bhima Nagar
|
3300
|
Team
builders
|
May-08
|
Marathahalli
|
2800
|
SLS
Serenity
|
Jun-08
|
Begur
|
2000
|
Divyajyoti
Lake view County
|
Jun-08
|
GM Palya
|
2400
|
Vasundhara
Builders
|
Jun-08
|
Doddaballapur
Road, yelahanka
|
3190
|
Nagarjuna
: Meadows
|
Aug-08
|
GMPalya
|
1800-2400
|
|
Sep-08
|
BTM
|
3350
|
Raj
Lakeview: SN Builders
|
Oct-08
|
Bellandur
|
2600
|
Mana
constructions
|
Nov-08
|
Bannerghata
road
|
2800
|
Esteem
Enclave
|
Nov-08
|
BTM
|
2775
|
DLF New
Town
|
Jan-09
|
Hoodi
|
2300
|
Gopalan Grandeur
|
Jan-09
|
ORR
|
3000
|
Maple
Hieght Phase II
|
Feb-09
|
In
Sarjapur road
|
2950
|
Divya
Jyoti Earth by Arattukulam Developers
|
Mar-09
|
Kaggadaspura
|
2900
|
SAI MITRA
MEADOWS
|
Mar-09
|
ORR
|
2300
|
Nester
Raga
|
Apr-09
|
HSR
layout
|
3500
|
Salarpuria
Serenity
|
Apr-09
|
Sahakar
Nagar : Hebbal
|
3500
|
Century
Corbel
|
May-09
|
HSR
layout
|
2900
|
Brundavan
Presidency
|
Jun-09
|
Koramangala
|
3400
|
Esteem
Royale
|
Jun-09
|
RamMurthi
Nagar
|
2100
|
oceanus
greendale Phase-II
|
Aug-09
|
Hosur
road
|
2300
|
Uma Sree
Dream world project
|
Aug-09
|
ORR
|
2500
|
Suncity
zephyr project
|
Aug-09
|
JP Nagar
1 Phase
|
4300
|
Nagarjuna
premier
|
Aug-09
|
WhiteField
|
2100
|
Golden
Blossoms signature
|
Aug-09
|
In
Sarjapur road
|
2355
|
evergreen
from ozonegroup
|
Sep-09
|
WhiteField
: saibaba ashram
|
2100
|
Signature
flat ( Golden Blossom)
|
Sep-09
|
WhiteField
: saibaba ashram
|
2000
|
Orchid
Park by Galaxy builders
|
Nov-09
|
Whitefield
|
2350
|
balaji
pristine
|
Dec-09
|
Bannerghata
road
|
2650
|
Esteem
enclave
|
Jan-10
|
electonic
city
|
2750
|
Concorde
manhattan
|
Jan-10
|
Yehlanka
|
2700
|
NCC ASTER
PARK
|
Feb-10
|
KR Puram
|
2790
|
Durga
rainbow@ mahadevapura
|
Feb-10
|
JP Nagar
5 Phase
|
3250
|
Esteem
builders
|
Feb-10
|
Thippasandra
|
3300
|
SR
Bharath’ apartments
|
Mar-10
|
Marathahalli
|
3500
|
rohan
jharokha : Marathalli
|
Apr-10
|
In
Sarjapur road
|
3100
|
Mantri
Premero
|
Apr-10
|
Marathahalli
|
2800
|
HM
Capital
|
Apr-10
|
Electronic
city
|
2300
|
Genesis
Ecosphere
|
May-10
|
Bannerghata
road
|
2600
|
Nandi
Woods
|
May-10
|
Akshyanagar
BTM 6th stage
|
2300
|
Janhavi
Shelters
|
May-10
|
Bannerghata
road
|
3900
|
Hiranandi
Upscale
|
Jun-10
|
HSR
layout
|
2300
|
Manar
Elegance
|
Aug-10
|
Hoodi
circle
|
2200
|
SMR Vinay
Galaxy
|
Aug-10
|
WhiteField
: saibaba ashram
|
2250
|
orchid
enclave by galaxy developers
|
Sep-10
|
ITPL
|
2500
|
Shanders
Springdale
|
Sep-10
|
Bannerghatta
Road
|
2700
|
AMODA :
VALMARK builders
|
Sep-10
|
Electronic
city
|
2950
|
Patel
Realty’s Neotown
|
Sep-10
|
Maratahalli
|
2700
|
Samhita
Rainbow
|
Sep-10
|
Bannerghatta
Road
|
2900
|
Hinduja
Lake View
|
Sep-10
|
In
Sarjapur road
|
3590
|
Salarpuria
Sanctity
|
Sep-10
|
on
Haralur Road (Off Sarjapur Road)
|
2100
|
GK Jewel
City
|
Nov-10
|
Electronic
city
|
2900
|
Ajmera
Infinity
|
Nov-10
|
Begur
Road
|
2350
|
Raj
Serenity
|
Jan-11
|
Yehlanka
|
2850
|
NCC Urban
Aster park
|
Feb-11
|
HSR
layout
|
2700
|
Manar
Manha
|
Apr-11
|
Maratahalli
|
2600
|
VRR
Lakeview
|
Apr-11
|
Maratahalli
|
2700
|
Ssonesta
Meadows
|
May-11
|
Electronic
city: Phase2
|
2000
|
Concorde
SouthScape
|
May-11
|
Hongasandra
: near bommanahalli
|
2300
|
SLV FLORA
|
so the end of the story is no great appreciation in the rates since 2007?? we are stil getting appartments for Rs 2500-3000/sq ft
ReplyDeleteThanks a lot for your inputs.
ReplyDeleteYes! surprisingly yes. 2006 and 2007 saw mad surge in rates. As we all
know 2008 witnessed major slow down in Global economy. Infact in 2008
rates plummeted in bangalore real estate. The situation stabilized
only in 2010. Rates recovered to 2007 levels. 2011 saw interest rate
hike and as a result grown has been flat.
As a result Flat rates in 80% of bangalore is on par or just 10% higher that 2007.
At the lower end , your quote is correct. Apartments are still lingering at 2500 in some area of the city. But the top line is closing at 4000 right now. Overall good observations.
ReplyDeleteCool data. North bangalore at present seems to be appreciating quite well. Any idea on south bangalore like ecity, hosa road in the coming years.
ReplyDeleteYes! You are right. North Bangalore is appreciating quite fast.Areas like HBR Layout, Hennur Main Road, Horamavu, Hebbal, Yehlanka are moving up.
DeleteSouth Bangalore areas like Ecity and Hosa Road are either flat or have gone down a bit last year. Hosa Road connects Hosur Road with Sarjapur. Its a good place to invest. Ecity valuations went down last year. Its wait and watch for Ecity as far as I am concerned.
Hi Vijay, What is your view of Yelahanka-Dodbalapur road? What kind of appreciation can we see in next3- 4years? There is a project by Shriram quoting 3000/- per sq ft, is it worth? Also is it worth paying 4300 per sq ft for NCC project to be started in OOR near KR Puram station?
DeleteQuestion1: What is your view of Yelahanka-Dodbalapur road
DeleteI expect Yelahanka--Dodbalapur road rates to appreciate quite well in future. North and East bangalore is expected to see substantial rise in coming years. To put down in percentage terms is tough. Sarjapur rates appreciating by 8 times or 800% from 1999 to 2011. That is 400 per sq feet to 4000 per sq feet.But for the last 1 year its flat.
One thing I can say with degree of confidence is appreciation in Yelahanka area would be almost on par with appreciation in North bangalore.
Shriram rate seems to be slightly on higher side.But its close to the on going rate in the area. Most projects in the area is around 2700 to 2800.
Question 2: NCC project to be started in OOR near KR Puram station?
4300 per sq ft seems to be on the higher side. I am not sure whether it is worth paying so much. KR Puram is a congested area too.
Question1: What is your view of Yelahanka-Dodbalapur road
DeleteI expect Yelahanka--Dodbalapur road rates to appreciate quite well in future. North and East bangalore is expected to see substantial rise in coming years. To put down in percentage terms is tough. Sarjapur rates appreciating by 8 times or 800% from 1999 to 2011. That is 400 per sq feet to 4000 per sq feet.But for the last 1 year its flat.
One thing I can say with degree of confidence is appreciation in Yelahanka area would be almost on par with appreciation in North bangalore.
Shriram rate seems to be slightly on higher side.But its close to the on going rate in the area. Most projects in the area is around 2700 to 2800.
Question 2: NCC project to be started in OOR near KR Puram station?
4300 per sq ft seems to be on the higher side. I am not sure whether it is worth paying so much. KR Puram is a congested area too.
Thnaks Vijay.
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