Residential households in Bangalore to continue to grow at 4% – 6% : ICRA

by Paul Joseph on March 11, 2013 · 0 comments

BANGALORE: ICRA expects the total residential households in Bangalore to continue to grow at the rate of 4%- 6% per cent per annum until FY2015 led by demand from new migrants as well as investors and continued growth plans of many large IT/ITES, engineering and manufacturing companies based in Bangalore. However, post FY2015, the demand may get impacted in case the global economic slowdown continues thus lowering IT/ITES related employment opportunities. There has been a significant increase in the residential projects under development over the last two years, which would result in increased supply in the market. Further, the area launched by major developers in FY2012 and current financial year

[via India Properties – Real Estate India – Indian Property News Site]

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