Mumbai and Delhi NCR has for a larger amount of time given the property buyers the best property price and value appreciation. After the down sliding years in the major IT cities of the Bangalore and Pune these amazing cities have come up as a strong and emerging centers for the capital appreciation and have been most popular among the residential properties of the city.
As per many surveys conducted by the major real estate gurus it is estimated that Bangalore has been voted as the highest average capital appreciation under the middle income housing segment. This survey has shown around 41% of appreciation between the initial six months of the 2011 and the same situation has continued for the next consecutive year. Following the growth pattern with the same graph was Pune which showed around 28% growth. In the very same time Pune followed a growth of about 39% in the capital values for the major and the most premium properties. These figures reported by the survey were the highest recorded in the country that too in that particular segment and market. Bangalore followed close behind with nearly 37%.
As per the disparity which prevails in comparing the residential price tags in the city. The world famous firm Cushman and Wakefield has classified the middle income housing under the terms where any property below Rs. 5000 per sq. ft. is a kind of middle income housing whereas all other property above the price are under the category of high end.
The middle incomes as well as the high income segments are performing well in the real estate market of both Delhi- NCR and Mumbai as well.
The super stable markets in the real estate segments of Bangalore and Pune where the end users are majorly driven they are surely the ones to record the highest value of the average increasing capital values. It is therefore, clear from the survey that the investor driven market of Delhi and Mumbai have not performed well comparatively.
In the times passed by the IT sector of India has seen a growth transformation, which has resulted in the creation of very many jobs. This drastic increase has also led to the increase in the salary at many levels. In India there is a very varied correlation between the IT Sector and the property price appreciation. Those cities whose economies are to a greater extent led by the IT sector also tend to witness a prosperous demand for the middle income as well as the premium housing.
Those cities which are majorly IT driven are seen more engrossed in the level aspiration and expecting high in limits. There aspiration is comparatively more for home seekers and also their purchasing power, a much higher exposure to the International housing as well as luxury standards, they also aspire much about the contemporary concepts like the environmental sustainability.
According to many major real estate analysts here has been no major growth in the residential real estate of Bangalore and Pune as a result the two major IT sectors have remained on a balanced equilibrium for a longer period. The case is absolutely opposite when the real estate sector of Delhi NCR and Mumbai are concerned there the real estate prices are increasing at a much higher rate.
According to many major real estate analysts here has been no major growth in the residential real estate of Bangalore and Pune as a result the two major IT sectors have remained on a balanced equilibrium for a longer period. The case is absolutely opposite when the real estate sector of Delhi NCR and Mumbai are concerned there the real estate prices are increasing at a much higher rate.
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