The residential market in Bangalore witnessed good activity during October – November 2013; Major Sales were concentrated in East, South and North Bangalore. New Projects were launched in South, East and North Bangalore and are priced at 10-15% below the prevailing market prices by developers such as Kushi, Pensisula, Mantri, Prestige, Shobha and Puravankara Pune-based Gera Developments has planned to venture in South India with its planned residential project of 2,000 units in Whitefield in Bangalore.
Global investor Xander and Mantri Developers formed an equal JV for Bangalore’s largest residential township of 13 Mn.sq.ft. spread over 120 acres of land located in Hebbal, adjacent to Manyata Embassy Business Park. Raffles Residency Pvt. Ltd. (RRPL) unveiled Raffles Park in Whitefield, its first residential project development in India.