Latest News
-
India's First Green Hydrogen Pilot Project Goes Live at Nathpa Jhakri -
DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared -
RBI Halts New Customer Onboarding at Kotak Mahindra Bank Over IT Compliance -
Macrotech Developers' Annual Profit Triples Despite Q4 Dip -
DoT Engages TRAI for Equitable Satcom Spectrum Allocation Guidelines -
Axis Bank Q4 Results: Net Profit Stood At Rs 7,130 Cr, NII Grew By 11%; Rs 1/Share Dividend Declared -
Infina Finance, Kotak Bank Promoter, Donates Rs 60 Cr to BJP -
ASK Automotive, AISIN Group Announce Joint Venture for Passenger Car Aftermarket -
No Onboarding Of New Customers Via Online, Mobile Banking From April 24 At Kotak Bank; RBI Issues Ban -
1:3 Bonus, Rs 4.5 Dividend: Maharatna PSU To Consider Dividend, Shares Rise 255% In 1-Yr
North Bangalore residential real estate to remain upbeat: Jones Lang LaSalle
"Bangalore residential market witnessed improved sales on the back of rising demand in December compared with the previous two months. New launches increased during the month. The major projects launched included Woodland Heights by DLF, New Heaven by TATA Housing and Royale Gardens by Prestige Group. Rents rose marginally in December because of the influx of people and the shortage of ready-to-occupy apartments. Capital values marginally increased across all submarkets, with appreciation in the price of projects that are nearing completion," Jones Lang LaSalle India has stated in its report.
Bangalore witnessed moderate leasing activity in December, the firm has noted.
"The vacancy levels continued to remain low on the back of stable demand and restricted supply. The major transactions included Accenture leasing space in Pritech Park SEZ Phase II on Sarjapur Outer Ring Road, Cypress renting space at Bagmane Tech Park in Sir C.V. Raman Nagar, and L'Oreal taking space in Global Research Triangle at Whitefield. Four new projects were operational during the month. Whilst rents remained stable across all the submarkets because of the balanced demand and controlled supply, capital values slightly appreciated across the submarkets, Jones Lang LaSalle has stated.
GoodReturns.in
