BANGALORE: With the rise in urbanization, many people in India now rush towards urban areas to settle down. And as such, property rates in major Indian cities are witnessing sharp rise between June 2012 and May 2014, according to data by real estate firm research firm PropEquity.
So, let us check out the top 5 Indian cities with the highest property price rise.
Bangalore, the Silicon Valley of India and the major IT destination of India proves to be an excellent bet for any investor contemplating investments in real estate sector. This has created an unvalued demand and supply for both residential and commercial properties in Bangalore.
The real estate market is booming enormously for few years in Bangalore. This is because; most of the people are investing a huge proportion of money on property in Bangalore. In the commercial segment, an office space has enormous demand because of the IT companies shifting to Bangalore city for their business development.
Mainly, The NRI's are also investing their money in Real estate of Bangalore, as a mode of saving or for a future security. As the prices are rising often in this IT capital, most of the investors believe that such investment could give them a greater return than compare with other investments.
Recently, Bangalore has witnessed a property price rise of 19.47 percent.