Decoding Bangalore's Residential Real Estate Market ! What's Driving the Demand ? | GR Ep - 08

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  • Опубліковано 23 лис 2024

КОМЕНТАРІ • 65

  • @DeepeshDeomurari
    @DeepeshDeomurari 8 місяців тому +10

    The only reason there is false demand of real estate is videos like that. Ground reality is totally different. I am in IT. Tech people are not having mad rush to buy in Bengaluru. I don't know if it host any other industries. Real estate builders are investing very heavily on performance marketing and digital marketing like this. Purchasing flat at Bengaluru for techies is like donating lifetime income in return of not getting even a piece of land. NRIs are not aware about ground reality and investing here. But still, without techies support who are betting big on office neutral and Work from home.

  • @biplab2008
    @biplab2008 Рік тому +1

    Thanks for the good insight of the bangalore real state market.Your video helped me understand
    1) Why there is a mad rush of buyers to book a unit from A cat builder ( demand is more compare to supply)
    2) The city is creating ample opportunity so there is a huge influx of people from other states, that is creating the demand for unit
    3) This demand and supply gap will be there for probably many years until the opportunity ceases in bangalore.

    • @addressadvisors
      @addressadvisors  Рік тому

      Hello Biplab, we are glad that you liked the video. You're take-away points are bang-on and what our video was meant to convey.

  • @circleradius8860
    @circleradius8860 8 місяців тому +2

    don't worry. Now nobosy wants to buy in Bangalore as there will be no water for around 4 months every year.

  • @manzu1234
    @manzu1234 Рік тому +3

    Given good insight into real estate in Bangalore. Useful info for home buyers n developers. Slow pace of Infrastructure development ( roads , water , commuting ) is a big bottleneck in Bangalore.

  • @bharathmadgula3795
    @bharathmadgula3795 Рік тому +2

    West Bangalore between Mysore Road and Magadi Road has huge potential but not sure why it's neglected... There is metro connection as well !!!

  • @rmatube
    @rmatube 10 місяців тому

    Working from home with a day in office is best for Bangalore due to traffic issues. Commute should be less than an hour to office, else work from home be allowed.

  • @vaibhavaggarwal6591
    @vaibhavaggarwal6591 10 місяців тому +2

    Summarising comments here,
    People who could not buy, missed buying or did not plan to are saying negatives like fomo, down cycle etc.

  • @ashred9665
    @ashred9665 2 місяці тому +1

    ...wrong...most apartments are being bought by private investors in bulk ... artificially bumping up prices ....

  • @bharathmadgula3795
    @bharathmadgula3795 Рік тому +1

    Hi Team,
    If there is an IT hub like Marathalli in Bangalore West between Mysore Road and Magadi Road ( Nadaprabhu Kempegowda Layout), It will reduce 1/4 load on all other parts of Bangalore in terms of Traffic, Occupancy, Rates, Shortage of water and lots of Benefits.

    • @addressadvisors
      @addressadvisors  Рік тому +1

      Hello Bharath, while the thought of this feels logical, isn't the only angle. We would have to start by looking at how the commercial developments took shape in Bangalore. The initial development happened in Marathalli and Whitefield region (ITPL which was the first multi tenanted tech park in India) because the initial MNCs when starting operations in Bangalore, wanted the tech parks/office spaces closer to the Airport (i.e. near old Airport road). Apart from this parameter, the following MNCs decided their office spaces based on where there competition was and where the talent pool was available. Thus the bangalore IT development kickstarted from Whitefield in the east and Electronic City in the south. Electronic city was promoted by the state government to setup campuses for the tech companies, hence, leading Indian tech companies like Infosys, Wipro, HCL, etc. to setup campuses there.
      Having said that, now with the metro connectivity, the Mysore-Magadi road is witnessing good demand and we expect that micromarket to attract commercial and residential development. We hope this helps you with perspective.

    • @bharathmadgula3795
      @bharathmadgula3795 Рік тому +1

      @@addressadvisors Yes Govt should seriously consider making it ITPL West so it can offload huge population out from other areas of Bangalore to match the demand supply Gap !!!

    • @rohi1255
      @rohi1255 8 місяців тому

      @@bharathmadgula3795 no companies are ready to invest , the already build office space itself are empty, you want to build new office space is it?

  • @trrs2009
    @trrs2009 4 місяці тому

    Such high profile marketing push for properties, Bangalore is going to be a nightmare if not backed by frenetic infra development

  • @yougodwin
    @yougodwin 9 місяців тому

    Hi Sir, Nice video with lot of useful information. One suggestion, reduce the length of the video by half. Anything more than 10 mins is a little boring to sit and listen.

    • @addressadvisors
      @addressadvisors  9 місяців тому +1

      Hello Godwin, thank you for sharing your thoughts. We understand your perspective and will take into consideration for our future videos. In certain cases, we intend to be more descriptive to make it easier to absorb.

  • @Pavan-pd8bk
    @Pavan-pd8bk 7 місяців тому +1

    How about akshaynagar good place to invest ?

  • @biplab2008
    @biplab2008 Рік тому

    Please create video on which areas of bangalore are good for investment, how one should plan investment ( buy multiple smaller config units, invest in plots, larger units), when to sell it off to get maximum profit etc..

    • @addressadvisors
      @addressadvisors  Рік тому

      Hello Biplab, thank you for sharing. We would definitely try to develop informational content on this topic. In case you are looking to invest do get in touch with our team and they'll guide you based on fits right for you. You can call us on: +91 9019917199 or write to us at: marketing@addressadvisors.com. We'd be happy to help.

  • @brahmabhaiable
    @brahmabhaiable 11 місяців тому +1

    Customer by giving EOI actually increasing real estate price.Reputed builder creating FOMO by blocking prefered unit to sell at later date.maximum unit blocked by investor.its a buble and it wil burst

    • @addressadvisors
      @addressadvisors  11 місяців тому

      Hello there, Bangalore today being a tech-driven city and the gamut information available online, a large chunk of property buyers/investors/enthusiasts are informed and do good research on developers, markets, products, etc. before making a decision regarding real estate. This makes Bangalore an organic and stable market from sales velocity and price perspective. Our interactions with clients do validate the above hypothesis to a large extent.

    • @dasfam2008
      @dasfam2008 11 місяців тому +1

      The almost 100% increase in price in last 2-3 years is definitely a bubble

    • @dkm4638
      @dkm4638 11 місяців тому

      What is preferred unit?

    • @dkm4638
      @dkm4638 11 місяців тому

      I think all flats are same.

    • @dkm4638
      @dkm4638 11 місяців тому

      Depreciation will happen at much faster rate ...

  • @pallabkumarpal
    @pallabkumarpal 10 місяців тому +9

    Bengaluru has now the worst Infrastructure, terrible traffic conditions, and a polluted city and there will be no water in upcoming years! In the coming years people will be in a total WFH mode due to the upcoming financial crisis globally, builders already aware and creating a FOMO among customers with overpriced units. Beware! Beware!

    • @Ginu6876
      @Ginu6876 8 місяців тому

      Love you for honesty

    • @augustinejoseph2286
      @augustinejoseph2286 6 місяців тому

      Hi. As per the BDA CDP plan 2031, the residential usable area supposed to be only 27% and mixed used area is 3% to 4%. Today, our usable area for residential and commercial is crossing more than 93%. How do we expect this city will deliver good water and roads.

  • @nripendrasingh3440
    @nripendrasingh3440 Рік тому

    This is really helpful to Bangalorians

  • @avi14890
    @avi14890 Рік тому

    Could you please suggest between Varthur/Sarjapur Rd/TC Palya for investing on a flat based on price appreciation??

    • @addressadvisors
      @addressadvisors  Рік тому

      Hello there, Varthur & Sarjapur road are locations are better placed for appreciation as of now in comparison with TC Palya. Please note that our assessment is based on economic activities and infrastructure development planned and proposed in both micromarkets as of now. However, if there is a change in industry dynamics or infrastructure push by the Govt. authorities, the assessment may require a revisit. If you are looking at investing, please call us on: +91 9019917199 or write to us at: marketing@addressadvisors.com. We'd be happy to help based on what fits right for you.

  • @technewsmartelugu7944
    @technewsmartelugu7944 11 місяців тому

    How is the real estate development in 2 yetas in Varthur police station road and Jalagondahalli?

    • @addressadvisors
      @addressadvisors  11 місяців тому

      Hello there, Varthur is one of the most active market from the real estate perspective and we expect it to continue for the next 3-5 years. However , If you are looking to invest in a particular location or project, please call us on: +91 9019917199 or write to us at: marketing@addressadvisors.com. We'd be happy to help.

  • @arunardhanari9342
    @arunardhanari9342 8 місяців тому

    Buying a ploted community around chandapura round about. Any suggestions?

    • @vedshetty1686
      @vedshetty1686 8 місяців тому

      Problem with plotted communities is that they are mostly empty

  • @AashishAgarwal-h4d
    @AashishAgarwal-h4d Рік тому

    Damnnnnnnn as someone who’s young this is kinda fire

  • @bharatteja5670
    @bharatteja5670 10 місяців тому

    Sir what about sattva group…can you share your opinion?

    • @addressadvisors
      @addressadvisors  10 місяців тому

      Hello Bharat, Sattva group is a renowned and established company with a good track record. Their trust value in the market is good. For any specific query please call us on: +91 9019917199 or write to us at: marketing@addressadvisors.com. We'd be happy to help.

  • @Gitabhakta78
    @Gitabhakta78 Рік тому +1

    Very insightful.

  • @vjandh
    @vjandh 11 місяців тому

    IT hiring is negative in last 2 quarters. Their headcount has gone down in the last year. Please see earnings report from TCS and large companies. I am not sure how that makes 10000 new talent coming into bangalore and the extrapolated 40000 people. In reality, the folks who went out of the city during covid days have come back, now with pent up demand from 3 years, we are seeing these sales.
    But i don't think this is sustainable. There will not be organic demand in the range you mentioned down the line. However the supply has been going up consistently, and i expect a glut of inventories in 2027.

    • @addressadvisors
      @addressadvisors  11 місяців тому

      Hello there, the Bangalore IT sector is quite diversified, including large Indian companies like TCS, Wipro, etc. MNCs like Apple, Microsoft, JP Morgan on one side as well as the large robust startup ecosystem. We do cater to people working for these companies as well as other sectors, and have seen increased enthusiasm to buy properties over the past 1-2 years. Bangalore Developers are market savvy to plan and develop projects based on the current and prospective movement in demand over the next 3-4 years. We also see the land deals happening which essentially will cater to the demand beyond 2026-27.
      Bangalore has gained a position of a city where people from other Indian states are planning to settle themselves as well as get their family elders to move. We have seen buying for the above in significant numbers. Having said that future is not assured, one can only make use of the data available in front of us.

    • @vjandh
      @vjandh 11 місяців тому

      @@addressadvisors i don't have access to land deals, is there a source you are looking at for these deals? Appreciate your inputs there.
      With respect to MNCs the headcount growth this year has been even more worse with lots of headcount decrease. This again is from their earnings report. Please pint me to any one large MNC that had NET headcount growth in the last year - in face google in its entire history had to lay off for the first time. It is not looking great in US for next year as well. Expect slow down due to persistent high interest rates and liquidity crunch - even though the interest rates are expected to fall down A BIT, not lot.
      However i do see your point in bangalore being the preferred location for IT professionals, that way even if IT growth overall is muted, bangalore might get outsized share of it.
      Appreciate your videos. It will be even great if you point us to the sources of your data.

  • @sudarshanachandrappa7822
    @sudarshanachandrappa7822 3 місяці тому

    Don't buy any apartment
    Live in renting which gives you the freedom to move as you wish
    EMI amount invest in equity or on land

  • @sunnymogra
    @sunnymogra Рік тому

    thank you sir for sharing insights

  • @ashish8304
    @ashish8304 3 місяці тому

    Just advertiaement of builders...no content and answers to why??

  • @bktrus33
    @bktrus33 4 місяці тому

    To many dangers are infiltrated in Bangalore like major one jobs and water no water after two years ground water. Levels have gone down very bad don’t buy any properties

  • @kirthikakirthi2116
    @kirthikakirthi2116 Рік тому

    Informative 💯👍

  • @eranjani1
    @eranjani1 11 місяців тому

    It's FOMO created in market....just wait 2 years when all this flats when ready - market wil collapse, sam report coming from Noida gurugram

    • @vaibhavaggarwal6591
      @vaibhavaggarwal6591 10 місяців тому

      Bhai kaunsi report aa rhi hai. Guagron me 3-5 crore ke flat aa rhe hai

    • @RollsRoyce2035
      @RollsRoyce2035 9 місяців тому

      Bangalore is not a place which is at par with Gurgaon, Noida. Ppl especially north Indians created fomo in real estate . This bro who is speaking is scripted ...

  • @sandeepkumarkhuntia8839
    @sandeepkumarkhuntia8839 Рік тому +3

    Bangalore does not have wide range of good builders unlike Noida, gurgaon or pune. Most of the A grade builders are for rich people, and the budgeted local builders do not have quality construction.

    • @addressadvisors
      @addressadvisors  Рік тому +1

      Hello Sandeep, let's agree to disagree here. Since there are plenty of top Indian developers based out of Bangalore. They continue to grow and are a part of major developments in Bangalore and many other cities of the country for all category of clients. Prestige, Brigade, Purvankara, Sobha, Assetz are just to name some of the top developers with impeccable record of on-time delivery and high quality products. Apart from these there are PAN- India developers like Godrej, Tata housing, Birla Estates, House of Hiranandani, and more who have presence in Bangalore.

    • @newbiekhyber
      @newbiekhyber Рік тому +7

      Most top builders are Bangalore-based. Noida, Gurgaon, and Pune pale in comparison. Also, Noida and Gurgaon builders are notorious for delays and scams (35% of all delayed projects in India are from Noida). Bangalore is in a different league - and get used to it. You do not compare a Karnataka and a UP.

    • @nitindeepsinghjaggi
      @nitindeepsinghjaggi 11 місяців тому

      Just on the last part...in last few years bangalore as a brand has been hit and is lowest...going fwd..companies are not planning to invest in ofcs in banglore...u can check embassy reit data....and therefore, demand should be lacklustre in bangalore beyond 2025...with infrastructure still not developing unlike pune, gurgaon...smart money wouldnt flow

    • @pradeep2kedar
      @pradeep2kedar 9 місяців тому

      ​@@nitindeepsinghjaggihope u know, its a game of investment. Currently Bangalore has a good brand value compared to other cities u named. Time will tell who are the next winners. No make ur investments accordingly.

  • @dkm4638
    @dkm4638 11 місяців тому

    Massive financial trap

  • @juju4671
    @juju4671 11 місяців тому

    Land mafia 😂