Bangalore residential property prices stable in the second quarter

Bangalore residential property rental rates as well as capital values have remained stable in 2Q06 as compared to the previous quarter. While rental values for the prime residential areas are stabilizing around Rs. 26–28 per sq. ft. per month, capital values are stable around Rs. 10,000–14,000 per sq. ft.

This information was released in a Jones Lang LaSalle report - Asia Pacific Property Digest Second Quarter 2006.

According to the report, investment yields on prime residential property are in the 8% range, unchanged versus previous quarter. Also, construction activity continues both in the prime districts as well as in secondary and suburban residential markets.

Jones Lang LaSalle is a global real estate money management and services firm with operations in 50 countries and more than 100 offices worldwide.  The company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients.


By INRnews Correspondent

Next Articles

« Bangalore office property rentals increase in the second quarter | Home | Mumbai prime residential property prices rise »

Discuss Real Estate at the INRnews Community

Post a Message or News Article. Ask a question. Search for an answer.

Post a comment below the Article

(Comments are moderated and need to be approved by the site owner. Until then, it won't appear on the entry. Thanks for waiting.)

Community

Talk Real Estate Here!
INRnews Community Home
Post Message or News

Related Links