26.12.2014 Views

NEO BANGALORE

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

INVESTMENT<br />

OPPORTUNITY:<br />

<strong>NEO</strong> <strong>BANGALORE</strong><br />

02<br />

The Indian Opportunity<br />

The Indian economy has continued to grow and Q1 of the 2014-15 scal year saw it<br />

register an increased growth rate of 5.7%, as compared to the 4.6% registered for the last<br />

quarter of the 013-14 nancial year.<br />

The government's vision of providing housing for all by 2022 through new measures<br />

including the allocation of nearly INR 4,000 crore to the National Housing Bank, and<br />

setting up a mission on low-cost a ordable housing. This is all good news for the housing<br />

sector, which is gaining traction and help from measures and policies being<br />

implemented by India's new government at the Center.<br />

The expected increase in India's real estate market, which currently contributes around<br />

5% to the GDP, is at a CAGR of 11.2 per cent during FY2008 2020. With an estimated<br />

worth for the Indian real estate market of around USD 180 million by 2020, there can be<br />

no doubt that the Indian real estate market is set to boom!<br />

India's fastest growing metro<br />

Bangalore Beckons!<br />

Bangalore enjoys the reputation of being one of India's most cosmopolitan cities, and it<br />

is the only city expected to see growth (of between 3 and 5 per cent) in new residential<br />

sales in 2014. Bangalore is said to be home to a ordable prices and burgeoning areas of<br />

development, with new communities bolstered by urban development and good roads,<br />

utilities and facilities in place. Sustained demand from the IT/ITeS workforce led to an<br />

upward pressure on rentals, and the expectation is that steady growth in the IT industry<br />

is expected to boost residential demand, which along with a steady supply pipeline<br />

may lead to strong capital appreciation in key locations across the city.<br />

Additionally, the ongoing and planned infrastructure projects such as the Metro Rail,<br />

Signal Free Outer Ring Road, Peripheral Ring Road and Aerospace SEZ will continue to<br />

propel the residential investment market in the city.<br />

Summary Indian opportunity The Bangalore Boom<br />

The new Bangalore<br />

<strong>NEO</strong> Bangalore<br />

About Artha O er FAQ S

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!