As real estate is dependent upon the economy, any good news will impact real estate as well. With the increasing FDI coming into the country and the economy doing well, analysts believe that this is a good time to invest in real estate. Recently many real estate companies filed Initial Public Offerings (IPOs) with the Securities and Exchange Board of India. Companies such as Emaar MGF Land Ltd, Lodha Developers Ltd, Sahara Prime City and Ambience Ltd have filed the IPOs which are worth Rs 10,925 crore in total. These IPOs come after the revival that is being seen in the residential markets.

Many developers have reported an increase in the sale of their flats.

Seeing the increase in the sale of flats it will be interesting to note that recently research firm Cushman and Wakefield released its report 'GRI India Real Estate Investment report 2009: 'Survival to Revival - Indian realty sector on the path to recovery,' which stated that Bangalore has emerged as a clear preference for sectors like office and retail, while coming a close third in the residential and hospitality sector. The city is expected to see the highest demand for office space in the period 2009-2013 with approximately 34 million sq feet. In the retail sector Bangalore is also going to see highest demand with approximately 7 million sq. ft while demand for residential sector is expected to be approximately 570,000 units over 2009 – 2013.

The hospitality sector in Bangalore too is forecasted to register the highest compounded annual growth of about 26 per cent in demand. The I.T/I.T.e.S sector in Bangalore is expected to boost residential development in the vicinity. The next phase of the IT development in the city is expected to take place in North Bangalore around the Bangalore International Airport Area. Several IT companies have invested in land here. In North Bangalore 12 IT and ITeS SEZs spread across a total of nearly 491 acres are coming up in Devanahalli, Yelahanka, ORR Hebbal stretch, Kadugodi Industrial Area, K R Puram, Kaggadaspura and Mahadevapura.

In the southern part of the city, Bannerghatta Road, Marathahalli-Sarjapur ORR, Electronics City and Jigani are the hubs poised for IT campuses spread across 156 acres.

News impact on Expat Properties:

The launch of IPOs by real estate companies signals that there is a revival taking place in this sector and added to this revival is the successful sale of flats that are being offered by various developers. Bangalore emerging as a preferred place for the office, retail sectors and it coming third in the residential and hospitality sectors translates into good news for its real estate. Since Bangalore is already known for its IT / ITES sectors, the setting up of special economic zones and IT parks in and around the city will only lead to appreciation to its real estate in the immediate future.

In the midst of these facts, Expat Properties has its investment product, Beulah Estates, which is strategically located in the IT belt of the Electronic City and the Jigani Industrial area. These two areas are part of the 'hubs' where these IT campuses will emerge. The new Karnataka Industrial Policy 2009-14 aims at creating jobs for over 10 lakh people in the next five years. This translates into a demand for housing near the places of work and keeping this in mind Beulah Estates has been set up. Being an integrated township with world class infrastructure, Beulah Estates comprises of residential units, hotel and convention centre along with commercial and retail spaces.

Being located 30 km from the Bangalore city centre, the property has a good scope to appreciate since Bangalore has emerged as the preferred place for the office and retail sectors not forgetting the residential and hospitality sectors as well. Over a period of time when the IT SEZs in the Electronic City and Jigani become operational, its positive effect will be seen in the real estate near it. This, in turn, makes Beulah Estates an attractive property to invest in.