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The report states that demand for office space in Bangalore in the next five years would be 44.4 million square feet, driven by the IT/ITeS, biotech, and aerospace sectors. Of that, 60% would be in the North and East corridors of the city, close to Hebbal and K R Puram. Prestige Lakeside Habitat  In Hebbal, the stock of residential apartment units in 2007 was just 300, which in 2012 has risen to about 1,800. That’s a growth of 500% in five years. Similarly, K R Puram has seen a 200% growth in inventory of apartment units, from 2,000 in 2007 to 6,000 as of September 2012.

These two markets are sun-rise areas due to various reasons, the mainly important being connectivity to arterial roads and proximity to business clusters, said Prashanth Sambargi, partner at property brokerage firm Mars Realty. Knight Frank says that by 2017, the average price realization in Hebbal would touch Rs 8,230 per square feet, but would still be 11% less than the price realization seen in the close by RMV/Sanjay Nagar. The average price realization at K R Puram is estimated to touch Rs 6,200 per square feet Whitefield, which is a close by micro-market, would command a higher price of Rs 7,370 per square feet.

Chandani of CBRE said demand for residential units in Sarjapur-Outer Ring Road and Whitefield have been robust in the last five years, reporting a price appreciation of 100% and 70% respectively. The residential climate in both these micro markets has been spurred on by the continuing growth of business parks and IT SEZ zones.

However, Sambargi of Mars Realty said Bangalore was such as a balloon growing in all directions. Today one part of the city may look up, tomorrow it’s another part. Hence it is hard to predict the future as the real-estate landscape is ever changing, he said.

Commercial venture s close by office spaces for sale in Kharadi, Pune have been in great demand with the growing IT/ITES businesses. Several global companies have outsourced their business to Pune, which has eventually boosted the require for well-planned office spaces. Kharadi is one of the mainly promising suburbs of Pune, which has witnessed phenomenal growth in terms of residential as well as commercial development. The locality is in close proximity to well-known areas such as Magarpatta City, Kalyani Nagar, Vimanagar, Wagholi, Koregaon Park and Hadapsar. Thus, Kharadi has transquare ormed well with numerous ongoing and upcoming developments. Prestige Lakeside Habitat Bangalore  Panchshil Realtys EON Free Zone, a Special Economic Zone situated in Kharadi has actually boosted the popularity of this Eastern region of Pune. EON Free Zone is a thoughtfully planned IT/ITES Park, lavishly spread across 45 acres. Among the premium commercial venture in Kharadi, Pune, EON Free Zone incorporates innovative designs, reinventing the conventional box office spaces to dynamic collaborative areas.