Bangalore real estate brokers turning to developers with business booming

Brokers in Bangalore are turning into developers with Bangalore real estate business booming. A report says that real estate brokerage firms are now-a-days busy in developing residential projects. Such unit of developers are coming up with small size projects trying to meet the housing demand of middle working class who prefer buying compact flats as they are affordable.

Real estate broker is a lucrative business but irrespective of its profits, brokers are trying to focus on Bangalore real estate development projects because they are well aware it has a good future.

With the real estate Bangalore booming, the property brokers are trying to understand what home buyers want. Armed with good savings because of the booming realty market they are trying to spot relatively cheaper locations and build residential units targeting the urban middle working class. Many broker turned developers are at nascent stage and so are not taking huge projects.
Bangalore’s residential market is one of the robust realty market compared to other metro cities. Even during the global financial crisis, the realty market witnessed good sales.

Realty majors who have launched residential projects in various properties in Bangalore are reported sales.
According to experts, Bangalore is primarily end-user driven that makes it less volatile compared to other realty market.  Because of such reasons, investors do not hesitate to invest in properties Bangalore as they consider it to be a safe bet. According to a report, in 2012 more than 35,000 residential units were launched and around 8000 units in the first Quarter of 2013.

Over the years, Bangalore properties of certain locations have surged dramatically. In the year 2012, the Southern part of the city saw the highest number of new launches followed by the North. These projects are expected to be ready for possession in 2015. Smart home buyers are already booking flats for sale in Bangalore online as the prices are expected to rise within a few years.

Bangalore is believed to become one of the most sought after residential markets in India because of the upcoming infrastructure and excellent connectivity through Metro link. Moreover, the absorption level is expected to surge in areas along the outer ring road. Thus, Bangalore properties are expected to attract investors and home buyers owing to the proximity to the offices.

The adsorption level indicates Bangalore real estate business is booming and highly benefitting the brokers to expand their business significantly both in terms of the deal value and the number of transactions. To know more view at www.makaan.com