| Bangalore real estate activities are witnessing a | | | | space and as a result the real estate values are |
| stagnation period. There is identified stock of | | | | stagnating and the property prices are going down |
| unoccupied properties in the Whitefield area. The | | | | with time. In the last quarter demand - supply |
| reason gauged is all the IT and IT enabled service | | | | mismatch was approximately a million sq.ft. (as stated |
| companies are heading towards green buildings. Green | | | | in Cushman & Wakefield report). |
| buildings are the peg of the year as the world is | | | | The Bangalore Real Estate Builders and property |
| adapting green arena to counter various | | | | developers are still reluctant in building green homes |
| environmental issues. All builders and developers are | | | | and using new technology because of their profit |
| bound to adopt green technology to construct their | | | | margin. Also all the upcoming and current projects are |
| buildings. | | | | overpriced than the market value. |
| The upcoming real estate activities in Bangalore are | | | | The Whitefield region in Bangalore, where IT and |
| happening at outer ring road and peripheral areas. | | | | ITES firms occupy most of the office space, could |
| Few buildings where the construction has just | | | | be delivered another blow when a Bangalore |
| completed are lying vacant. The Bangalore real estate | | | | government scheme which provides rebate in tax to |
| market is experiencing such vacant unit supply in past | | | | the companies located at "technology parks" comes |
| couple of months. The reason sought is the | | | | to an end next year. |
| increasing demand of green building. The newly | | | | Most of the companies will head towards Special |
| constructed Bangalore properties are not meeting | | | | Economic Zones (SEZ) which is designed as per the |
| green buildings requirements and thus they are not | | | | green codes and this will further render some |
| rated as green. | | | | Bangalore properties vacant. |
| The IT and ITES companies are not occupying this | | | | |