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Bangalore residential market to grow by 4-6pct: ICRA

Posted on 13 March 2013

Real estate market in Bangalore is expected to grow at 4-6 per cent annually till FY15 amid demand from new migrants as well as investors and continued expansion plans of many large IT, engineering and manufacturing companies based in the city, says a report. “The city’s residential demand is mainly led by growth and performance of the IT/ITeS sector,” rating agency ICRA said in a report.
Bangalore is currently contributing to 33 per cent of India’s IT exports and home to over 8 lakh IT/ITeS professionals, which accounts for about 55 per cent of the total demand of the organised real estate market, it said………………………………………..Full Article: Source


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