Bengaluru, Sep 04, 2015 –LJ Hooker India has recently releasedMid-Year Real Estate Market Research Report for 2015. This is the 6th issue released to the market and it tracks the Supply/Demand, and price of the primary residential market.This Research Report provides in-depth details of the primary residential market covering all Residential development-Apartment, Villa, Row House and Plotted developments which are offered for first sale.
LJ Hooker Research Report for 2015 also helps in understanding the residential real estate market from a macro to micro level keeping in sight the fundamental market scenario of the supply and demand.
The report includes a detailed study of:
1. Key Performance indicators such as Sales Velocity and Months Inventory
2. Trends on the capital value
3. Inventory Movement
4. Detailed market Dynamics such as Total Supply/ Unsold ( in units, size, value )
5. Region/Type/Budget wise supply and absorptions
6. Detailed analysis on the new launches on various parameters
7. A detailed study on the buyer preferences on investment decisions
8. Huge database of 1400 plus projects (Primary Residential developments across Bangalore)
Buyer Preference analysis is prepared on the basis of the interaction with 10,000 plus prospective buyers who are looking for residential development across Bangalore in last few months. This analysis will help in understanding what the buyers are looking for in terms of the product, budget and location
BRIEF OUTCOMES OF THE REPORT:
CRUCIAL FIGURES
o The Real estate market of Bangalore witnessed a dip in its absorption trend and reached to an all-time low of Sales velocity by 1.6%.
o The value of total unsold inventory of Residential Development amounts to INR 87,501 crore. Which is 4% increase from the second half of 2014 (INR 84,272 Crore).
o The average Capital Value has increased to INR 5,261/- per sq. ft. from INR 4,866/- per sq. ft. which is an 8% increase.
o A total of 29,135 units were added to the Closing stock in the first half of 2015. From the total additions, North-East quadrant had contributed the maximum share with 13,535 units as new addition.
REGIONAL SCENARIO
o The North West region has witnessed the highest appreciation of 10.6% and stands at an average price of INR 5,344 per sq. ft.
o South East region appears to have the highest Sales velocity of 1.8% and sells faster than the other locations.
NEW LAUNCHES
o The market has witnessed less number of launches in Apartment segment in the first half of 2015 when compared to the second half of 2014. There is -37.2% dip in the size of new launches in the first half of 2015 from the second half of 2014.
o The launches in Row houses see no change as it remains at the same figure of 0.4 million sq. ft. in 2014 and first half 2015. Villa development has drastically reduces in the size of launches from 2.1 million sq. ft. in 2014 to 1.3 million sq. ft. in the first half of 2015.
o Bangalore South region had the maximum enquiries for 2 BHK homes that falls under the home category of INR 50-70 Lakhs and is the most preferred category as the maximum enquiries for this category were received.
o Bangalore South has the maximum enquiries in apartments with 36% followed by Bangalore North with 28% and Bangalore East by 19%.
To get this detailed report, subscribe to www.ljhresearchindia.com or Call: 4928-3000
Corporate Comm India (CCI Newswire)
