Sobha Developers has launched a Mediterranean-themed township, Sobha City, on Thanisandra Main Road near Hebbal. The township comprises a mix of premium apartments and row houses with capital values of Rs 3,800 per sft and Rs 7,500 per sft respectively. The 36-acre project comprises of 1,547 units measuring 1,400-3700 sft.

“There will be close to 2,000 units of premium apartments coming up on the Hebbal-Devanahalli stretch in the next three years,”

Any grave challenges?  Not really!

Ravindra Pai, MD, Century Real Estate, says the scope for capital value appreciation in this stretch is attracting a lot of attention from buyers. “We have seen capital values appreciating from Rs 2,700 to Rs 3,600 in our mid market projects in the last 12-18 months. Most of the premium stock between Rs 4,500-7,000 per sft will definitely see an appreciation going forward with infrastructure development aiding growth.”