bangalore its the start of the festive season and property developers are keeping the spirits high with a host of new product launches much like what is being seen in the automotive space n under 30 days the city has seen some five new residential launches by agrade developers a trend last seen prior to the 2008 downturn the new launches range from 2bhk apartments to 4000sqft villas with prices starting at rs 37 lakh in the first quarter of this financial year bangalore was the single largest market in terms of volume the real estate market in the city has been robust despite the subdued marcoeconomic sentiments said pirojsha godrej md of godrej properties the mumbaibased developer launched two residential projects in the city in under twoweeks on thursday godrej launched a 1million sqft project called godrej ecity in electronics city phase1 which offers 2 25 and 3bhk apartments with floor spaces ranging from 964 sqft to 1625 sqft at prices starting from rs 37 lakh prior to this the company launched a niche villa project godrej gold county on tumkur road which comprises of 87 units priced above rs 2 crore mayank ruia headresidential of the phoenix mills said in under a month we have sold close to 350 units of the 400 units on offer in the first phase of our project the mumbaibased developer has launched an ultrahigh end residential project one bangalore west in rajajinagar which has apartments ranging in size from 2400 sqft to 4000 sqft at a price of rs 8400 per sqft in a similar price bracket is embassy groups luxury residential project embassy lake terraces at hebbal this new project has apartment sizes ranging between 3500 sqft and 9900 sqft prices start from rs 3 crore puravankara projects launched an ultra premium property purva whitehall on sarjapur main road which offers buyers only 3 and 4bhk apartments jackbastian nazareth ceo puravankara projects said the number of enquiries for luxury projects priced above rs 2 crore has increased by close to 30 in the last six months nazareth added the demand for luxury projects is being fuelled by first generation entrepreneurs senior management from the itites sector and the larger hni and nri base in the city in order to showcase to buyers the breadth of offerings now available times property is launching the 8th edition of its property expo home affairs the expo will be held on october 20 and 21 at the lalit ashok coming back to life projects nearing completion in south east and north bangalore witnessed an increase in capital values of 10 15 during the first half of 2012 during the january to june period capital values of midsegment residential units in south east east and offcentral locations increased by around 48 while those in the central north and south bangalore were higher by 14 as compared to the same period a year ago