THE PRICES OF PROPERTIES IN THE HEART OF CENTRAL BUSINESS DISTRICT, OLD CORPORATION LIMITS HAVE ALMOST DOUBLED BETWEEN 2009 TO 2012 AND THE PRICES GALLOPED IN BANGALORE NORTH AND EAST FROM RS1,000/- A SQUARE FEET TO ALMOST OVER RS6,000/-, DEPENDING UPON THE SIZE, LOCATION AND AMENITIES. THE BUYERS ARE GREEDY AND BUYING EVEN `B`GRADE OR `B` FORM PROPERTIES HOPING THAT SOME DAY, THE GOVERNMENT MAY REGULARISE SUCH PROPERTIES.
THE PRICE INCREASE IS FURTHER FUELED BY THE SECOND RATED FINANCIAL INSTITUTIONS, WHICH ARE FUNDING `B` GRADE PROPERTIES.
THE HIGHEST PRICE INCREASE IS REPORTED FOR THE PROPERTIES WITH GOOD TITLES, LOCATION WITH VACANT POSSESSION. THE BDA/BMRDA/KHB PROPERTIES ARE COMMANDING A PREMIUM PRICE.
HIGH END APARTMENTS AND VILLAS ARE ALSO IN GREAT DEMAND FROM THE REPUTED BUILDERS.