bangalore top executives at legacy real estate developers have turned entrepreneurs to float own enterprises in bangalores property market which saw record high residential launches in the first quarter of 2013 southbased commercial realty giant embassy group ceo gopi krishnan quit to start own firm fortius infra last month divyasree developers ceo santosh martin is moving out to take the entrepreneurial plunge in a sector usually mired in government controlled approvals and fierce price wars but bangalores end user driven property market with stable pricing and availability of distressed land assets have lured real estate professionals to take business risks cushman wakefield said bangalore was the only metro to report a whopping 144 growth in residential unit 11622 launches in january to march quarter while ncr and chennai reported a 39 decline in new launches mumbai and hyderabad reported a 3 and 89 decline respectively said a recent report from the global real estate consultancy bangalores annual residential market is worth rs 25000 crore by value with leading player sobha developers notching up sales worth rs 2000 crore or having about 8 share developers like prestige and brigade also figure in the top list in a heavily fragmented residential market earlier this year ozonegroup cfo shashidhar pai joined hands with investment banker vinod menon at citus ventures which focused on picking up distressed assets and turning them into saleable assets its a great time to start if you dont have legacy issues and debts to manage said menon who along with pai has launched projects worth rs 1500 crore shivaram malakala of habitat ventures and mike holland of assetz are among the early examples of professionals turned entrepreneurs who have entered the citys fast changing real estate landscape home to over 500 active real estate developers these professionals turned entrepreneurs are well versed with fund raising dealing with tenants landlord owners and knowing what sells what stands this new breed of developers apart is their almost zero ego and limited greed said amit bagaria founder chairman of asipac a development management consultancy firm marketing projects worth over rs 9000 crore this is one of the few cities where the top 10 players have less than a third of the market share he added former embassy ceo gopi krishnan believes that bangalore realty market is receptive to new ideas innovations and new developers and the fact that there is enough end user demand is what made me decide to start something of my own he said in fact the citys real estate recovery has also attracted the gen next of textile families like gokaldas texport and bhartiya who are entering the sector historically the trend in the real estate industry has seen professionals from local companies boarding international property consultancy firms in the last two years the trend has been of real estate professionals turning entrepreneurs this is particular to bangalores rather corporatized and mature market said cbre deputy md south india ram chandani he