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Bangalore which was as soon as called a garden metropolis can no longer boast of too many gardens though there's a concerted effort to retain as many gardens as possible. All now one can see in Bangalore is concrete structures i.e. commercial institutions & residential apartments. Even old Victorian type of houses which Bangalore was so well-known for, have all been sold to real estate builders and builders who have transformed them into enormous condominium blocks.

In current times, the south of Bangalore has witnessed an exceptional progress in the building of apartments. Until recently, areas like Jaya Nagar and J P Nagar had very few or no apartment blocks, but now even these areas have started having condominium blocks. Bannerghatta Road and Kanakapura Road are actually the areas where there's a boom within the construction of apartments. Apartments not only low-cost from unbiased houses however additionally choosered from security point of view. Residences usually have their own security people stationed close to the principle gate and no stranger can get inside with out getting their clearance. With the spate of murders in independent houses, which city has recently witnessed, it's no wonder that the sale of residences in Bangalore has risen quite steeply.

The prices of residences for sale will differ from locality to locality. In case you had been to purchase a three bedroom condo in areas like Indiranagar, Lavelle Road, MG Road or every other main localities, you may make certain that it will price you nothing less than a crore rupees. But this needn't dishearten anyone with a decrease price range, as Bangalore has residences to suit any budget. Two bedroom apartments sell essentially the most in Bangalore, more than three or four bed rooms. If one is prepared to go slightly to the outskirts of the town, one will be positive of to get an exquisite, spacious luxury flat for the price of a small two bedroom condo in the heart of the city.

If you happen to take up any newspaper you will notice that half the paper will be filled with about sale of apartments in Bangalore. Residences which are built nowadays come together with facilities like water storage amenities, energy back up, rain water harvesting, security, reserved parking, club house, private terrace/garden, park, gymnasium, lifts, Vastu compliant, swimming pool etc. As the radius of Bangalore city is increasing there are many apartments coming up on the outskirts of Bangalore city. When the IT sector was bullish, the north east, east and southeast components of the city witnessed massive-scale development in residential complexes, especially in Jaya Nagar, K.R. Puram, Sarjapur, Kanakapura Road. Be it residential, office or rental, the town has never experienced such fast development in its real estate state of affairs since latest years.

Real estate in Bangalore has undergone a serious transformation within the last six months. But international economy meltdown has nearly grounded the real estate sector. People at the moment are ready and watching with hope that the prices of apartments in Bangalore will dip further. Most builder are going through crisis with hardly any buyers for apartments. The luxurious apartments have been worst hit. Developers are doing everything attainable to boost sales, discount in costs, flexible rates for parking and as well as giving freebies like automobiles, including semi-furnished apartments.

Some developers are additionally reducing prices, by scrapping additional facilities like swimming pool, gym etc. No new projects are expected to be applied till the market stabilizes. The main focus of builders now could be on completing the incomplete projects.

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