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The real estate in Bangalore has earned the distinction of being the city with maximum private equity investment during 2013. The demand for magnificence segment has increased. On the opposite, a few realty projects have been delayed due to delay in issuing of NOC by the BWSSB.Bangalore Prestige Leela Residences Silicone City, has seen robust performance in realty market his year. In spite of the country on the whole, having witnessed the economic slump and the slowdown in real estate but in Bangalore, the things do not seem to have effected too much. On the contrary, a few positive growths have seen light of the day in the city.

One of the factors that has worked in favor of Bangalore real estate and has prevented from the sabotage of slump is the high value of private equity investments. In fact, the realty market of the city has received maximum equity if compared to other Indian states. Dung the first three quarters, i.e.  Prestige Leela Residences Bangalorealone, the city received the PE investments of up to 2000 crore, which was a whopping increase of about 80%, as compared to last year. This huge interest can be attributed to the ready availability of the properties and that too within the sustainable range. This attracted high-end builders to invest in the city.The increased inclination of institutional investors helped in maintaining a good level of investment in the leased properties. Seeing this steady rise, the government too allowed allocation of more domestic capital and thus generating more space for offices. Another positive turn of events that has worked in favor of real estate in the city is the increase in demand for magnificence houses. With more IT based offices and BPOs springing up; an increase in demand for such flats for sale in Bangalore has been witnessed. There has been an increased tendency among the masses to purchase residential properties.

On the negative side, there has been a substantial delay in floating of a number of realty projects, in BBMP (Brihut Bangalore Mahanagra Pasuch as). The procrastination is attributed to the failure of BWSSB (Bangalore Water Supply and Sewage Board) in issuing a NOC (No Objection Certificate). As per the authorities responsible for controlling the pollutions level in the city, it is mandatory for these upcoming flats to get this NOC. According to Credai (Confederation of Real Estate Builders Association of India), this delay has directly affected at least 90 housing projects to come into picture.On the whole, the situation of the real estate in Bangalore is not that precarious. It is performing better than the other metropolitan cities of India. In terms of real estate prices too, the city gains an upper hand, as the rates are not abnormally high or out of the reach of common man.