Property market overview December 2011 - Bangalore
Bangalore, The Silicon Valley of India is the 4th most populous city in India. The Garden City is not just home to the finest in the world of Information Technology but also houses various sectors like public sector, heavy industries, aerospace, telecommunications, and defence organisations.
In spite of the current slowdown in property market owing to high interest rate and inflation, the city has experienced a near 17% jump in property prices over the past 7-8 months. Top 5 localities in Bangalore on the basis of maximum real estate action are Electronic City, Sarjapur Road, JP Nagar, Whitefield and Marathahalli. The average per square feet (psf) rate for the city is around 4000/-.