Data Labs Research: How Bengaluru's Major Residential Micro Markets Have Fared In HY 2015 [Infographic]

Bengaluru is India's knowledge capital. Bengaluru's climate is pleasant too, when compared to other major Indian cities like Delhi and Mumbai. But, the single biggest reason real estate in Bengaluru is valuable is because the city offers a conducive ecosystem for all major industries, more noticeably the IT/ITeS and eCommerce segment. This makes it easier for firms to attract a more qualified workforce. The ecosystem acts as a trigger point for pulling more firms and associated talent, thus increasing the demand for homes as well.

If you are keen on investing in Bengaluru's real estate, you would want to know more about the hottest localities in Bengaluru. According to PropTiger.com's Bengaluru Residential Micro Markets Snapshot for the first half of the year 2015 (January-June), West Bengaluru is the hottest micro market in the city.

Here are salient facts about nine key micro markets analysed in the report by PropTiger.com:

• West Bengaluru is the hottest micro market in the city (Rank 1). North Bengaluru (2), and Central Bengaluru (3) are second and third most sought after residential micro markets, respectively. The micro markets ranked least are East Bengaluru (7), South-West Bengaluru (8), and South-East (9) Bengaluru.

• Central and North Bengaluru are most livable, followed by South-West, North-West and North.

• Central and North-East Bengaluru witnessed the greatest price appreciation over the corresponding period in the previous year followed by East, South-West and North-West Bengaluru.

• West and North-West Bengaluru have the highest absorption to supply ratio, followed by North, Central and East Bengaluru.

• The lowest number of unsold inventory is in North-West Bengaluru (20), followed by Central Bengaluru (25) and North-East Bengaluru (26).

  In the study conducted by PropTiger Data Labs, Bengaluru's micro markets were ranked on the basis of weighted average of three parameters: livability score, inventory overhang and absorption/supply ratio. While calculating the weighted average, each of these parameters were multiplied by a factor that reflects its correlation with the health of the micro market.

  Livability score is on a scale of 100, based on the weighted average evaluation of the social infrastructure in a locality. Inventory overhang is the number of months it will take for the unsold units to be sold off at the current rate of absorption. Absorption to launch ratio is the sales in the first half of the calendar year 2015 as a percentage of the number of units launched.