Bangalore which is an upcoming IT hub has number of good opportunity which is coming. There are number of commercial establishments & residential apartments coming up over here. Even the old Victorian type of houses which Bangalore is having and for what it is famous for, have all been sold to realty builders and developers who have converted them into the huge apartment blocks.
The south of Bangalore has witnessed a phenomenal growth in the building of apartments in recent times. Till recently the areas like Jaya Nagar and J P Nagar had very few or no apartment blocks, but now even these areas have started having the apartment blocks. The Bannerghatta Road and Kanakapura Road are now the areas where there it is having a boom in the construction of apartments. The apartments are not only cheaper from the independent houses but also preferred from the security point of view. The apartments normally have their own security people who stationed near the main gate and no stranger can get inside without getting their clearance. With the spate of murders in the independent houses, which city has recently witnessed, it is no wonder that the apartments for sale in Bangalore East has risen quite steeply.
Some developers are also lowering the prices, by scrapping the extra amenities like swimming pool, gym etc. No new projects are expected to be implemented until the market stabilizes. The focus of the builders in real estate in Bangalore now is on completing the incomplete projects.