Download - Broucher Page
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)
?
?
?
?
?
7
Average Apartment Size of 2 BHK in sq.ft 1200
Average Apartment Size of 3 BHK in sq.ft 1650
Average Apartment Size of 4 BHK in sq.ft 2500-3000
Total Supply (in mn. sq.ft.) by Dec. 2009 17.8
Total Supply (in no. of units) by Dec. 2009 10000
Source: ICICI Property ServicesNote: The areas mentioned are super built-up areas
Residential Market in North Bangalore
8
Distribution of 2, 3 & 4 BHK (no. of residential units) in North Bangalore
4 BHK (Villa)10%
3 BHK23%
2 BHK67%
Source: ICICI Property Services
SSPDL 1.2 Cr Onwards 189 Jun 2010
Venezia Puravankara 50 Lacs Onwards 1500 Jul 2009
Woodsman Estate Godrej 65 Lacs Onwards 852 Dec 2008
Life Style Sobha Developers 2.5 Crore 852 Feb 2010
Pebble Bay B Raheja 1.5 Crore 450 Feb 2009
Central Park Nitesh Estates 45 Lacs 91 Feb 2010
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartment within the same building. Rates mentioned above are subject to change at any given point of time.
Name Of TheProject
DeveloperCapital Values
for 2 BHK as on Jan 2008 in (Rs.)
No. OfUnits
Date OfCompletion
The Retreat(Villa Project)
Prime Residential Projects In North Bangalore
9
Location Avgrage Avgrage Rentals MarketCapital Values for 2 BHK Outlook
(Rs./sq.ft) (Rs./month)
HRBR 2800 10000-15000 R
Rammurty Nagar 2200 6000-8000 SS
Sanjaynagar 3000 12000-15000 R
Yellahanka 2600 6000-8000 R
Bellary Road 3500 10000-15000 R
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartment within the same building. Rates mentioned above are subject to change at any given point of time.
Residential Property Rates in prime residential markets of North Bangalore
Property Price Movement (Q4 2004 - Q3 2007) - North Bangalore
Source: ICICI HFC Mortgage Valuation ServicesAssumption: 100 as base reference no. for Q4 2008
Yashwanthpur
Sahakar Nagar
HRBR Layout
Ram Murthy Nagar
HBR Layout
Bellary
Yellahanak
Sanjay Nagar &
RMV Exth
300
250
200
150
100
50
0
Q4- Q4- Q4- Q1- Q2- Q3-
2004 2005 2006 2007 2007 2007
South Bangalore
Major Locations:
J P Nagar ,Jaya Nagar & Electronic City, Sarjapur Road, Outer Ring Road, Hosur Road, Kanakpura Road, Bannerghatta Road
?Huge residential supply in this part of Bangalore far exceeds the demand for it, as of today leading to a correction in the prices
?Bannerghatta Road has seen a spurt of development in the apartments. This is mainly in the
affordable housing sector in the range of Rs.2500-3500 pe sq. ft.
?However, South Bangalore can be termed as the second best investment destination.
?Kanakpura Road has seen good residential development in recent times.
?Sarjapur Road which lies between Outer Ring Road and Hosur Road, is another growth corridor in
Bangalore.
?Apart from its proximity to Outer Ring Road it is home to a huge number of IT companies which is
driving the market here.
?Sarjapur Road has seen tremendous residential development. Hosur Road is a mix of residential as
well as commercial real estate sector
Growth Stimulators
?NICE (Nandi Infrastructure Corridor Enterprise) will connect Electronic City(South Bangalore) to Mysore.
?21 kms expressway will connect Outer Ring Road to the new airport. This will reduce the traveling
time to the airport to 15-20 minutes
?An elevated road is also planned connecting Electronic City to Silk Board Junction.
?South Bangalore is inhabited mostly by the IT professionals. It is home to IT giants like Accenture,
Intel, Wipro, Infosys, TCS, Satyam.
?Kanakpura Road connects to the NICE corridor thus giving a convenient access to electronic city. Although it is far from the city, its connectivity to the IT corridor (Electronic City) acts as the growth driver
?Mantri has planned an 1.8 million sq.ft. mall on Sarjapur Road
?The residential real estate rates are very high in this part of the city.
?Commercial development of around 2 million sq.ft. is estimated to enter the market by Dec 2009.
This translates into 1800 new jobs getting created in the next 2 years. (Assuming 10% vacancy levels)
10
11
Source: ICICI Property Services
4 BHK11%
3 BHK22%
2 BHK67%
Average Apartment Size of 2 BHK in sq.ft 1200
Average Apartment Size of 3 BHK in sq.ft 1650
Average Apartment Size of 4 BHK in sq.ft 3000
Total Supply (in mn. sq.ft.) by Dec. 2009 20.25
Total Supply (in no. of units) by Dec. 2009 13500
Source: ICICI Property ServicesNote: The areas mentioned are super built-up areas
Distribution of 2, 3 & 4 BHK (no. of residential units) in South Bangalore
Residential Market In South Bangalore
Name of the Developer Capital Values No. of Date ofProject for 2 BHK as on Units Completion
Jan 2008 in (Rs.)
El Dorado Under Alliance 1 Cr Onwards Jun 2010
(Villa Project) Planning
Espana Mantri 1.3 Cr Onwards 650 Dec 2009
Tranquil Mantri 55 Lacs Onwards 800 Dec 2009
Horizon Elita 55 Lacs Onwards 1200 Jan 2010
Symphony Shriram 55 Lacs Onwards 400 Jan 2010
Nottinghill Prestige 55 Lacs Onwards 281 Jan 2010
Outhridge Prestige 1 Crore Onwards 264 Jan 2010
Palm Springs Brigade 1 Crore Onwards 22 Mar 2008
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartment within the same building. Rates mentioned above are subject to change at any given point of time.
Prime Residential Projects In South Bangalore
12
Location Average Capital Average Rentals for MarketValues (Rs./sq.ft) (Rs./ month) Outlook
Electronic City 2500 10000-15000 S
Sarjapur Road 2800 12000-15000 R
J P Nagar 3100 12000-15000 S
Kanakpura Road 2900 8000-10000 S
Bannargatta Road 3000 10000-12000 S
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartment within the same building. Rates mentioned above are subject to change at any given point of time.
2 BHK
Q4- Q4- Q4- Q1- Q2- Q3-
2004 2005 2006 2007 2007 2007
Property Price Movement (Q4 2004 - Q3 2007) - South Bangalore
Source: ICICI HFC Mortgage Valuation ServicesAssumption: 100 as base reference no. for Q4 2008
200180160140120100806040200
Kothnur
J P Nagar 6th & 7thPhase
Sarjapur Road
Hosur Road
Bannerghatta Road
Kanakpura Rd
Gottegere
Vijaya Bank Colony
Residential Property Rates In Prime Residential Markets Of South Bangalore
13
Prime Residential Projects In East Bangalore
Name of the Project
Developer Capital Values No. of UnitsDate of
Completion
Brigade Metropolis
Brigade Group 45 Lacs onwards 1000 Nov 2008
Nitesh Forest Hill
Nitesh Estates 30 Lacs onwards 400 Jun 2009
Shanti Niketan Prestige 50 Lacs onwards 2000 Jun 2009
Windmills of your mind
Total Environment
1.8 onwardsCrore 200 Jan 2010
Belavista Vaswani 1 onwardsCrore 32 Jun 2009
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartment within the same building. Rates mentioned above are subject to change at any given point of time.
Distribution of 2 & 3 BHK (no. of residential units) in East Bangalore
2 BHK83%
3 BHK11%
4 BHK6%
Source: ICICI Property Services
East Bangalore
Major Locations:
Whitefield, Brookefields, Kaggadasapura, Marathahalli, K R Puram, HSR Layout, Old Madras Road, C V Raman Nagar
• This region is witnessing a varied mix of developments ranging from high-end villas to row houses to condominiums.
• In the vicinity of the IT corridor, a large number of residential projects are being developed at Brookefields, Hoodi and Whitefield.
• In Whitefield the residential prices had dropped because of the oversupply but have now started picking up because of the entry of prominent builders in the city
• The infrastructure in this part of the city was not so great but is improving now• Brookefields lies before Whitefield and the residential rates are slightly higher than Whitefield because of
the proximity to the Outer Ring Road• Kaggadaspura has seen rampant construction on the residential front • The infrastructure here is not very well developed but because of its strategic location (proximity to Airport
Road, Whitefield, Outer Ring Road and Old Madras Road) it has witnessed a huge residential development• Kaggadaspura, C V Raman Nagar and Marathahalli offer affordabdle housing in the range of Rs.1700-2800
per sq.ft.
Growth Stimulators
• The connectivity to the present domestic & international airport is a huge contributor to the growth of this area.
• There is a high concentration of residential projects along this sector due to its proximity to the IT corridor.
• This area is home to ITPL (Information Technology Park Ltd.) which hosts renowned IT companies like Dell, Accenture, SAP Labs.
• The IT sector employees and NRIS drive the demand for residential projects which are coming up in this zone.
• Huge commercial development is estimated is this part of the city (approximately 19 million sq.ft.), which will translate into more than 1 lac new jobs getting created in this zone. (Assuming 10% vacancy levels)
Average Apartment Size of 2 BHK in sq.ft.
Average Apartment Size of 3 BHK in sq.ft.
Total Supply (in mn. sq.ft.) by Dec. 2009
Total Supply (in no. of units) by Dec. 2009
1200
1800
12.55
9000
Source: ICICI Property ServicesNote: The areas mentioned are super built-up areas
Residential Market In East Bangalore
14
15
Property Price Movement (Q4-2004 - Q3 2007) East Bangalore
0
20
40
60
80
100
120
140
160
180
200
Q4-2004 Q4-2005 Q4-2006 Q1-2007 Q2-2007 Q3-2007
Whitefield
Brookefields
HSR Layout
Kaggadasapura
Marathahalli
K R Puram
Source: ICICI HFC Mortgage Valuation ServicesAssumption: 100 as base reference no. for Q4 2008
White Filed 2800 10000-15000 SS
K R Puram 2800 7000-10000 SS
Kagadaspura 1800 8000-10000 SW
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartment within the same building. Rates mentioned above are subject to change at any given point of time.
Residential Property Rates In Prime Residential Markets of East Bangalore
Location
Average Capital Values
(Rs./sq.ft)
Average Rentals for2 BHK (Rs./month)
Market Outlook
Marthahalli 2800 8000-12000 R
Distribution of 2 & 3 BHK (no. of residential units) in West Bangalore
2 BHK66%
3 BHK24%
4 BHK10%
Source: ICICI Property Services
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartment within the same building. Rates mentioned above are subject to change at any given point of time.
Prime Residential Projects in West Bangalore
Name of the Project
Developer No. of UnitsDate of
Completion
The Garden ETA Star 55 Lacs onwards 900 Oct 2008
Temple Bells Rennaissance 60 Lacs onwards 350 Dec 2008
West BangaloreMajor Locations:Kengeri, Rajarajeshwari Nagar, Nagarbhavi, Chandra Layout, Uttarhalli, Dr. RajKumar Road, Vijay Nagar, Rajaji Nagar• West Bangalore has not witnessed a lot of IT development until now, however with the connectivity to Mysore (tierII city) this area is expected to see upward trend in demand.• Magadi Road has huge tracts land (old defunct mills) which is expected to give a filip to the area. There is
also a huge supply of retail expected to hit the market.• The metro connectivity and the recently announced 60,000 crore Bidadi township will act as a major driver
for this part of town.
16
Residential Market in West Bangalore
Source: ICICI Property ServicesNote: The areas mentioned are super built-up areas
Average Apartment Size of 2 BHK in sq.ft. 1200
1650Average Apartment Size of 3 BHK in sq.ft.
Total Supply (in mn. sq.ft.) by Dec. 2009 1.49
Total Supply (in no. of units) by Dec. 2009 1050
Capital Valuesfor 2 BHK as on Jan 2008 in (Rs.)
Property Price Movement (Q4-2004 - Q3 2007) West Bangalore
0
20
40
60
80
100
120
140
160
180
Q4-2004 Q4-2005 Q4-2006 Q1-2007 Q2-2007 Q3-2007
Kengeri
R R Nagar
Uttarhalli
Source: Assumption: 100 as base reference no. for Q4 2008
ICICI HFC Mortgage Valuation Services
Residential Property rates in prime residential markets of West Bangalore
Location Market Outlook
Kengeri 1000 2000-5000 SS
SSR R Nagar 2800 6000-10000
SSUttarahali 2000-2500 6000-10000
SSVijay Nagar 2800-3500 10000-15000
SSChandralayout/
Nagarbhavi2000-2500 6000-10000
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartment within the same building. Rates mentioned above are subject to change at any given point of time.
Avgrage Capital Values
(Rs./sq.ft)
17
Average Rentals for2 BHK (Rs./month)
Residential Market in Central Bangalore
Average Apartment Size of 2 BHK in sq.ft. 1300
1800Average Apartment Size of 3 BHK in sq.ft.
Average Apartment Size of 4 BHK in sq.ft. 3000
Total Supply (in mn. sq.ft.) by Dec. 2009 1.4
950Total Supply (in no. of units) by Dec. 2009
Source: ICICI Property ServicesNote: The areas mentioned are super built-up areas
Central Bangalore
Major Locations:M.G.Road (CBD), Malleshwaram, Basavangudi, Padmanabha Nagar, Koramangala, Vasanth Nagar & Indira Nagar,
Coxtown, Frazer Town, Benson Town
• Upmarket location, characterised by independent houses
• Dense development with little scope for expansion
• Demand for residential units far exceeds the supply
• The residential real estate rates are very high in this zone and the people are ready to offer the premium
• Land prices have also increased because of the scarcity
• Kormangala has a very good mix of residential as well as commercial supply.
• It is close to the CBD (Central Business District)
Growth Stimulators
• With the recent CDP (Comprehensive Development Plan) effecting higher FSI (Floor Space Index) in these areas, rentals in areas like Central Bangalore have maintained their dominance by fetching highest rental & capital values across the city and the capital values are expected to grow at a good rate.
• With little or no supply of land, the current CDP's proposal to 'Go Vertical' by increasing FSI will augment the stock in existing areas in the mid to short term.
• This area also has some of the best software and BPO companies like, Accenture, Microland, Sonata Software, IBM, Infosys.
18
Prime Residential Projects in Central Bangalore
Name of the Project
Developer No. of UnitsDate of
Completion
Brigade GatewayBrigade
Enterprises65 Lacs onwards 1200 Jan 2009
Canary Warlf Nitesh Estates 2.5 Crore 45 Apr 2009
Fairmount Motwani 1.4 Crore 50 Jan 2009
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartmentwithin the same building. Rates mentioned above are subject to change at any given point of time.
Distribution of 2, 3 & 4 BHK (no. of residential units) in Central Bangalore
Source: ICICI Property Services
2 BHK
59%
3 BHK29%
4 BHK
12%
19
Capital Valuesfor 2 BHK as on Jan 2008 in (Rs.)
20
Property Price Movement (Q4-2004 - Q3 2007) Central Bangalore
Source:Assumption: 100 as base reference no. for Q4 2008
ICICI HFC Mortgage Valuation Services
0
50
100
150
200
250
300
350
400
Q4-
2004
Q4-
2005
Q4-
2006
Q1-
2007
Q2-
2007
Q3-
2007
Malleshwaram
Basavagundi
Padmanabha Nagar
J P Nagar
Koramangala
Vasanth Nagar
BTM Layout
Jai Nagar
Residential Property Rates in prime residential markets of Central Bangalore
Location
Average Capital Values
(Rs./sq.ft)
Market Outlook
Malleshwaram 4500 15000-20000
15000-20000
R
R
R
Koramangala 5000
Richmond Road 11000 30000-45000
Source: ICICI Property Services*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & vary from apartment to apartment within the same building. Rates mentioned above are subject to change at any given point of time.
Average Rentals for2 BHK (Rs./month)
Location Attractiveness Index
Infrastructure (connectivity,
roads, proximity
to markets, schools)
Residential Cost
Proximity to/ Prence of Organised
Retail (malls/popular
highstreets)
Proximity to Commercial
Development (offices)
Future Infrastructure Development
Future Employment Generation
Good Good Good Good GoodHighKormangala
Sarjapur Outer Ring Road
Good Good Good Good GoodHighIndiranagar
Malleshwaram Good Good Average Good AverageHigh
Average Good Good Good GoodMediumWhitefield
Electronic City Average Bad Good Good GoodLow
Bellary Road Good Average Average Good GoodHigh
Recommended locations in Bangalore
Kormangala- Sarjapur Outer Ring Road IndiranagarWhitefieldBellary RoadMalleshwaramOuter Ring Road near Hebbal
21
Growth Corridor
Whitefield
- IT hub
- 6 malls in pipeline
- Metro will touch Whitefield Phase II
- ITPL- IT campus employing close to 15000 employees
- Huge residential development: Metropolis-1000 units & Shantiniketan-2000 units
- Villa projects by developers like Prestige, Vaswani
- Very good accessibility to the entire IT corridor of Bangalore
- New international airport- to the north-west of Whitefield
Sarjapur Road
•
• Huge IT development is proposed
• Retail development is in pipeline
• Close to 4 mega malls coming up in the vicinity
• CISCO campus in pipeline on the Outer Ring Road
• Over 50 residential projects (budget class to super luxury) with apartments & villas ranging from 45 lacs to 4 crores
• Beginning of Sarjapur Road is Outer Ring Road which will develop into a sub CBD in future and other end
touches the Periphery Ring Road & the expressway to the airport
Huge commercial development planned
22
Sa j o d
r apur Ra
Koramangala
Marattaashalli
WhitefieldAirpor Rt oad
Indira Nagar
O t u erRng i
oR ad
PadmanabhaNagar
Jayanagar
JP Nagar
Hosu
rd
Roa
hsr
Malleshwaram
Yeshwantpur
Yelahanka
YelahankaSatellite Town
YelahankaNew town
KANAKAPUR
A
RD
BANNERGHATTA
RD
BTMr r nagar
Shakanagar
Saniavna
HBR
HRRammurt
KP PURAM
sBana wadi Rd.
electronicsCity
For further enquiries, please mail us at :[email protected]
“ICICI Securities Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a public issue of its equity shares and to file a Draft Red Herring Prospectus with SEBI.”
This report has been prepared by ICICI Property Services. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission of the publisher ICICI Property Services The facts of these profiles are believed to be correct at the time of publication but cannot be guaranteed. Please note that the findings, conclusions and recommendations are based on information gathered in good faith from both primary and secondary sources, whose accuracy we are not always in a position to guarantee. ICICI Property Services cannot accept any liability whatsoever for actions taken based on any information that may subsequently prove to be incorrect.
(A division of ICICI Home Finance Company Limited)