Bangalore Surging Ahead in Luxury Home Market [June 2012]

Bangalore has become one of the most sought after destination for luxury housing segment, a property costing over Rs. 3 crore, reveals GIREM, an independent body focused on urban planning, development and corporate real estate. In its latest study GIREM has found that Bangalore’s luxury home market is surging ahead, driven by demand created by the IT sector. According to GIREM, “The luxury home market potential is expected to grow at a CAGR of around 28 per cent till 2013 with demand led by the senior management class, corporate houses, non-resident Indian businessmen and high net-worth individuals”.

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