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Land appreciation makes Bangalore rank 2

One of the world’s biggest growing Global Consultancy firm known as the Knight Frank’s Prime Asia Development Land Index is liable to track the performance of various residential as well as commercial land values all across the top major cities. The analysis done shows that the land for residential development in Mumbai has seen a growing increase of nearly 35.2 percentage this has been an increasing figure over the last two years. Thus, marking the fact that the nation’s economy has seen a change in the financial capital in terms of developments and other norms interlinked with the increase in the prime residential values.


The similar index analysis for NCR and Bangalore shows a growing increase of 26.1 percentage and 24.9 percentage each. Still there has been a decline recorded with Mumbai’s index of development has marked a decline of 13.1 percentage due to the weak economic scenario. This weak situation has certainly impacted the office space preoccupation interlinked with a huge fund and supply of official space in the current period.

In the same situation the index for NCR and Bangalore enlightened a very mature and healthy growth of nearly 16.3 percentage and 12.9 percentage respectively for both these geographical locations.

The report also inked that the office space as well as the residential spaces for Bangalore were mere images of a growing and an increased prime property values. The very potential leasing market as well a steady growth in the employment sector has rendered to the majorly growing office needs mainly of the It and the ITES also including the Non- IT/Non- ITES segments as well.

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