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1) The micro markets offer affordable housing in Bangalore
The term ‘micro market’ is relatively new in the city’s property industry. While the city was one integral marketplace for a long time, the suburbs turned into a market with the development of the arterial roads and highways. The once-distant suburbs came to be a part of the city – almost extensions – and therefore micro markets in their own right. This also heralded the advent of budget housing. The affordable housing concept happened thanks to the relatively lower prices of land in the outskirts.

2) Demand for 1BHK outshines supply in Marathahalli-Kundalahalli, Bangalore
Marathahalli and Kundalahalli, the residential hubs in Bangalore near the IT hubs Whitefield, Sarjapur and ITPL among others, witnessed a considerable demand for 1BHK units. Adjacent to each other, both the cities enjoy similar connectivity advantages.

While explaining the reasons behind the high demand, Rajan says “The bachelors who are earning less than Rs 50,000 per month look for purchasing 1BHK units as they do not want to pay high rental costs for 2 and 3 BHK”. A 1BHK unit covering an area of 600-700 sq ft is easily available at Rs 16-17 lakh in resale market while no new 1BHK units are available in the market.

3) North Bangalore sees maximum launches
In the past one year Bangalore has witnessed maximum launches by all big builders for High Rise Apartment projects. Focussed primarily in the North and North East, these launches have mostly been around Hebbal, Tanisandra, Jalahalli, Sarjapur road and Whitefield areas. Though a large portion of the projects launched have targeted the mid-segment projects ranging between Rs 40 – 60 lakhs; a significant amount of developers have also announced launches around Rs 1 Crore and above around Hebbal.

4) Property Rates & Property Trends in Bangalore

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