Covid Impact on Real Estate Industry specially in Bangalore Properties
Slowest pace of real estate industry not only in India but also in whole world faced worst slowdown in Apartments sale and specially in Gated Community societies due to mass properties in same vicinity and boundary. All residential apartments and villa projects faced acute sales crash. However some exceptional cities faced good demand in selective segments like;
- Individual Properties
- Villa Segment
- Ready to move Apartments
- Residential Plots in outskirts
All it happened just due to oldest tradition of savings nature of Indian Consumer Behaviors.
Hot Locations
Since majorities of Techies were out of town in initial days of Covid Wave so it affected a lot on rental properties income for landlords in Bangalore and specially those were local players with small businesses and rental income was side income for them. However some locations near to IT Parks, like;
- Embassy Tech Village, Kadubeesanahalli Bangalore
- Manyata Tech Park, Nagavara
- Global Tech Park, Bellandur Outer Ring Road
- Cessana Business Park, Outer Ring Road
- RMZ Eco World & Eco Space
- Accenture
- Wipro Corporate Office, Sarjapur Main Road
- RGA Tech Park, Carmelaram, Sarjapur Road, Bangalore
- Prestige Tech Park, Near Marathahalli, Kadubeesanahalli
- Adarsh Tech Park, Bellandur Outer Ring Road
- Genpact, Green Glen Out, Bellandur Outer Ring Road
Above are the prime locations and landmark nearby to these Tech Parks where most of the unsold inventories were wiped out during covid time.
Hot Properties
- Rohan Iksha, Bhoganahalli, Behind Embassy Tech Village, Kadubeesanahalli
- Assetz East Point, Gear School Road, Doddakannelli
- Assetz 63 Degree East, Halanayakahalli near Kodathi
- Mahaveer Ranches, Hosa Road
- Oceanous Vista, Phase 1 and Phase 2
- Ardente Pine Grove, Hosa Road near Rayasandra
- Sobha Silicon Oasis, Hosa Road
- SJR Parkway Homes, Rayasandra, Bangalore
- SJR Blue Waters, Haralur Road, Bangalore
- SJR Palazza City, Sarjapur Road
- Bren Zahara, Owners Court West, Kasavanahalli
- Bren Imperia, Haralur Road, Subh Enclave, Bangalore
- Ahad Excellencia, Off Sarjapur Road, Choodasandra
- Ahad Opus, Sarjapur Road
- SJR Hamilton, Off Sarjapur Road
- Bricks & Milestones Wonderwall
- Modern Spaaces Soul Tree
- Sowparnika Flamenco, Sarjapura-Attibele Road
- Prestige City, Sarjapur
- Brigade Cornerstone Utopia, Varthur, Bangalore
- Brigade El Dorado, Bagalur, Near Bangalore International Airport
- Durga Petals, Outer Ring Road
- Mittal Elanza, Kogilu Road, Thanisandra
- Century Infiniti, Kasavanahalli, Off Sarjapur Road
- GRC Subhiksha, Choodasandra
- GRC Shrushti, Sarjapur Road
- SNN Raj Etternia, Haralur Road, Silver County Road, Bangalore
- SNN Raj Grandeur, Bommanahalli, Hosur Main Road
- Valmark Cityville, Bannerghatta Road
And several hot properties were sold our during second Covid Wave.
