LUXURY VILLAS IN BANGALORE

• Bangalore has one of the fastest growing real estate markets in India, in which luxury housing is now one of the most vibrant and dynamic segments. The growing demand for luxury housing can be attributed to the rise in the number of HNWIs, the rapid pace of urbanization, the influx of global lifestyle trends and the fast growth of service industries such as technology and financial services, which are propelling many middle-income group individuals.

•  Bangalore city witnessed the launch of around 35 luxury residential projects offering around 6000 units, as compared to 18 projects offering a total of 4200 units in 2013. During 2012, the market saw the launch of  17 such projects with 3800 units. The trend was quite different in 2010-‘11 – in 2010, the market saw the launch of 950 units from eight projects and in 2011, 11 projects offering 1350 units were launched.

GROWING DEMAND

• Every day there are more and more advertisements of premium flats often spread over a luxurious, sometimes overlooking golf courses, sometimes just steel-and-glass cityscapes.

• The growing demand for luxury housing can be attributed to the rise in the number of HNWIs, the rapid pace of urbanization, the influx of global lifestyle trends and the fast growth of service industries such as technology and financial services, which are propelling many middle-income group individuals into the HNWIs bracket. Also, growing interest from Non-Resident Indian (NRI) buyers’ in investing in luxury housing and encouraged more reputed developers to launch projects with exceptional facilities.

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