Top 5 Developers In Bengaluru
Bengaluru real estate market is very vibrant. Major top builders and developers have a presence in Bangalore. Real estate investors expectations are high and want the housing prices to appreciate because it is a rapidly developing city. New manufacturing hubs have emerged in areas near Peenya, Malleshwara, Bommasandra, Hebbal and Marathahalli. There are many Special Economic Zones (SEZs) in Anekal Taluk, Kundalahalli Village, Begur Hobli and Varthur Hobli. Six out of the nine Namma Metro lines have become operational. This is one of the reasons why real estate prices have been rising in Bengaluru. Students from other parts of India flock to Bengaluru every year, because there are good educational institutions in the city. This has also led to greater clustering of technology firms and greater demand for paying guest hostels and apartments. To meet the rising demand, developers have been building new residential projects in the city.
PropGuide lists the top five developers in Bangalore. These developers are ranked according to the number of apartment units sold from January 2016 to June 2016.
Prestige Group
Prestige Group tops the list with 1,375 units sold from January 2016 to June 2016. In 1986, the group ventured into real estate development. The chairman Irfan Razack leads the group. It is an ISO 9001:2000 certified company. For the residential facilities and software used, it received FIABCI award. The group also received the CRISIL DA1 developer rating for completing quality projects within schedule. Of the 65 ongoing projects of the group, 28 are under construction. Prestige Group's projects in Bengaluru include the Prestige Lake Ridge, Prestige Kew Gardens, Prestige Edwardian and Prestige South Ridge.
Artha Group
Artha Group is the second in the list, with 977 apartment units sold from January 2016 to June 2016. Artha group has been into real estate development for the past eight years. Suresh Rangarajan, the CEO of the company, heads it. The group has built over 45 projects, constructing more than 15 million square feet. The group has won the emerging developer of the year award in 2014. In 2014, it received the award for the luxury project of the year by ABP News Real Estate Awards. The completed projects of Artha include Artha Citrine Plots, Artha Midas at Neo Smart City, Artha Midas Plots and Artha Eden Park.
DS Max
The third in the list is DS Max, with 607 apartment units sold from January 2016 to June 2016. Dr K V Satish heads the group. DS Max is engaged in the construction of 28 ongoing projects. The group has won several awards such as Bharat Excellence Award, Certificate of Felicitation, Rashtriya Ratan Award, Award of Vocational Excellence, Young Achiever of the Year (Karnataka) Award and International Gold Star Award for Corporate Leadership. The projects of DS Max in Bengaluru includes DS Max Season, DS Max Samrat, DS Max Saaga and DS Max Swastik.
Brigade Group
Brigade is at the fourth position, with 574 apartment units sold from January 2016 to June 2016. The group was founded in 1986 and is headquartered in Bengaluru. P V Maiya, director of the group, heads it. Brigade Gateway won the CREDAI Real Estate Awards Karnataka 2013, and the World Trade Centre Bengaluru won the Best Office Space Award. The group has been involved in the construction of 76 projects so far. The completed projects of Brigade include Brigade Rhapsody, Brigade Gateway Enclave, and Brigade Sonata.
Sobha Group
The fifth most popular developer is Sobha, with 532 apartment units sold from January 2016 to June 2016. Sobha group was formed in the year 1995 and is headquartered in Bengaluru. The group has been involved in the construction of 115 projects so far. The Sobha group is ISO 14001:2004 and OHSAS 18001:2007 certified. The company has won prestigious awards such as CNBC's 'Builder of the Year' and 'Most Reliable Builder Award', 'Employer of the Year Award' by Realty Plus, India's Top 10 Builders Award' by Construction World and 'Top Indian Real Estate Company' by Dun & Bradstreet. The projects of Sobha include Sobha Gateway of Dreams, Sobha Sobha Ruby, Sobha Aspire and Sobha Marvella