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Business According to N S Srinivasa Reddy, residential analyst, Bangalore, Jones Lang LaSalle, Bangalore market saw the launch of 23 residential projects across submarkets in 3Q11, presenting a total of 7,817 latest units. Meanwhile, 13 residential projects .prising 6,171 units across different submarkets were withdrawn from active stock, as they Prestige Silver Oak .pletely sold out. The Hosur road submarket contributed to over 40% of the latest launches in 3Q11. Among the prominent latest launches during 3Q11 were Brigade Meadows at Kanakapura road by Brigade group, DLF Maiden Heights at Rajapura by DLF and Nitesh Cape Cod at Marathalli by Nitesh Estates. Prestige construction launched a luxury residential venture along Edward road in the major central submarket at a launch price of Rs 21,000 per square feet besides Prestige Sunny Side and Prestige Park View along Hosur road and Whitefield respectively. The market witnessed marginal appreciation in capital values in the range of 1-3% during 3Q11 across various submarkets. The slow growth is attributed to a dip in sales volume owing to a sustained price national capital region ease in the past eight quarters, national capital region easing interest rates and thereby diminishing affordability, according to Prestige Silver Oak Bangalore Lang LaSalle. Capital values in the Whitefield submarket continued to witness healthy appreciation, which national capital region eased by 4.8% on q-o-q. Brigade Exotica was launched at Rs 4,200 per square feet while Prestige Park View was launched at Rs 3,750 per square feet both these projects are above the average capital values of the Whitefield submarket. Incidentally high-end market is not that affected as villas up to Rs 3 crore continue to be in demand. The concern among developers revolves around mid-segment units in the price range of Rs 50 lakh Rs 1 crore, says Arun Kumar, Managing Director, Tandem Property Management Services Pvt Ltd. Affordable housing units in the price range of Rs 15 lakh Rs 30 lakh are doing well, he added. The dip in demand is due to a .bination of factors such as hike in lending rate, uncertainty in job market and the current uncertainty in economic scenario, according to Natarajan, house loan consultant in the city. About the Author: 相关的主题文章: