Namma Metro, Storm Water Encroachment, Peripheral Ring Road, Satellite Town Ring Road are major influencing factors:
Factors influencing people to move to 'Cleaner Real Estate':
1. Namma Metro changed the face of location based real estate in Bangalore. Any region having connectivity over metro is considered prime.
2. Storm Water Drain encroachment is also changing the face of real estate, The indication is that, irrespective of location (Considered Prime), there are demolitions going on.
3. So called 'Prime Areas' in Bangalore, are exhausted with shortage of space and people are looking out for more greener spaces (New Meaning of Prime).
4. People are looking out for spacious homes in future rather than smaller units.
5. The spending strategy has changed and affordability rates have opened up.
6. Demonetization has driven people of the luxury segment to choose the mid categories. Demand for affordable segment has increased over a period of time.
7. Proposals such as Peripheral ring road and Satellite Town ring road have made people to move to sub-urban locations.
8. The space factors in the sub-urban location has made branded outlets move due to cost factors and the spacing factors.
9. The Old/Established locations are having infrastructural problems comparing to upcoming sub-urban locations.
10. The influence zones around PRR and STRR, are changing the face of Commerical Real Estate for people to move to Sub-Urban Locations in future.
