Our team chose to use apartments as the units of analysis for three reasons.
- A prior pilot study performed by theCentury Real Estate Research Initiative (CRERI) determined that apartments account for about 30 percent of all property registrations in Bangalore.
- Apartments are the largest growth sector in property types (other sectors are land, village, and individual properties).
- Apartments have clearly-defined guidance values; unlike apartment complexes, localities do not have defined boundaries so guidance values are often a matter of debate.
Our data is from the last quarter of 2014, the most recent time period that verified values are available. Ranges, minimums, maximums, and averages are available for all four sets of values except for medians for consideration values.