2BHK Apartment’s Supply is 6% Short in South Bengaluru!

Bengaluru: Recent survey by Online property portals reveal that , South Bengaluru is witnessing increased Demand of 1 BHK & 2BHK Apartment’s in the range of 3-4 % Month on month and the Supply has declined by over 6 %.

Whitefield, Sarjapur Road and Electronic City remained the most preferred investment destinations across the residential housing categories,Units of 1BHK witnessed a rise in demand.The traditionally most demanded 2BHK units in Bengaluru. On the other hand, supply remained almost stable with a rise or drop of 2 per cent ,With the rise in demand for small size units, demand for affordable housing has also gone up in the budget range of Rs 20-40 lakh across the city,Demand for premium properties worth Rs 1 crore and Above recorded a drop of 1-3 per cent across regions except South Bengaluru. Properties in the mid segment (Rs 60-100 lakh) witnessed a similar trend, where,Kankapur Road, CV Raman Nagar and Koramangala recorded the maximum rise in average capital values by 15-16 per cent in the last one year,Premium areas such as Jayanagar, Lavelle Road and Cambridge Layout recorded the maximum rise in average rental values between 14-17 per cent in the last one year,The Yield Meter showed that returns are high on residential investment in the South and East Bengaluru, followed by North Bengaluru ,Demand for apartments in West Bengaluru.

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