is turning out to be a favorite destination of many youths as the city offers good higher education along with employment options with many IT, and BPO giants. This has triggered huge demand for real estate in city. Latest in vogue is luxury homes and villas. There is an increasing demand for luxury and sophisticated lifestyle in . As per the data compiled by makaan.com for the period Jan to April 2012, almost 8% of home buyers are looking for an accommodation in 75 lac + price bracket. This is great news for the city which was considered an education & manufacturing hub just a few year back. What is even more surprising is the fact that around 3% of all home buyers are willing to spend 200 lac or more for their dream house in .
Localities like, and have seen a rise in luxury property demand from the high-end buyers. The demand for Luxury homes and villas has not been affected by the soaring prices or high home loan interest rates. Demand is growing for luxury residential like bungalows, villas, apartments and duplexes. The developers are quick to cash in on this phenomenon and are offering housing that offers spacious rooms, sophisticated layouts, better space utilization, great interiors and features.
According to has seen an appreciation of 19.32% in the last year. prices have moved from Rs.3,963/- psf in May ’11 to Rs.4,671/- psf in May ’12. The average per square feet rate in , and are Rs. 3500/- to Rs. 4200/-; Rs. 4000/- to Rs.4300/-; Rs. 5500/- to Rs.6000/- and Rs. 3500/- to Rs.4500/- respectively., a tool that keeps a tab on the property price variation, average per square feet
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Disclaimer: Makaan.com Locality Price Trend (MLPT) has been created based on the data generated by property sellers and buyers, on the website, and is assumed to be accurate and complete. The trend plots the overall rate at the locality level. Individual properties within the locality may show a different pattern depending on their location, amenities, age of building, quality of builder / developer etc. We advise the users to verify the trend before taking any decision. Makaan.com (People Interactive (I) Pvt. Ltd.), gives no warranty, express or implied, as to the accuracy, reliability and completeness of any information and does not accept any liability on the information which may or may not be subject to change from time to time due to market condition.
What factors are augmenting the growth of high rise buildings?
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