Kishore Biyani Disrupts the Accomplishments of Residents of Plush flats in Bangalore

According to Kishore Biyani, the technology disruptors who live in flats in Bangalore are not nearly disruptive enough and are not thinking as big as they should be. Of course, Kishore Biyani should know what it means to be a disruptor as he himself was one a few years ago when he reshaped retail and branding in India. As the owner of the Future Group which owns the hugely popular retail chain Big Bazaar, Mr. Biyani remade retail in India giving it a facelift and making a once drab profession into one associated with slickness and glamour.

Even the name of the parent company Future Group indicates a fresh youthful tone. The name of the retail chain Big Bazaar is also a play on words from two different cultures, the Indian word “Bazaar” implies a market with a wide variety of different products for sale and “Big” indicates abundance. The two words together conjure up visions of a market with nearly anything you can think of all under one roof. “Big” is suggestive of a modern setting for the “Bazaar” which brings to the mind of an average Indian a raucous place with tremendous activity and where everything is for sale and perhaps can be haggled and bought at a bargain. The name for the store is pure genius and pure Biyani.  

However, the retail genius also feels that today’s entrepreneurs are not doing enough to create the kind of value which they have the potential to. According to Kishore Biyani, most startups don’t have a viable business model that adds value, hence many youngsters who live in swanky new projects in Bangalore are not truly innovating; they are merely copying from what already exists overseas. The esteemed businessman believes that nearly ninety percent of startups are mediocre at best and are not likely to lead to transformative change which the country needs. Young people, Mr.

 Biyani believes should push themselves and attempt to be the next big global disruptor rather than duplicate what already exists among disruptors in Europe, China or America. Simply making buying and selling easier is unlikely to lead to vastly greater wealth along with an increase in the numbers and values of luxury apartments in Bangalore, even if the city has tens dozens of such successful startups. According to the gentleman, new technologies likely to have as great an impact as have electricity, telephones, automobiles, and the internet are what is needed, not online marketplaces which Mr. Biyani believes may be losing propositions in the long run and are certainly losing propositions in the medium to short term.

To grasp what Mr. Kishore Biyani is implying means to consider reinventing and reconsidering nearly everything around us. Technologies such as electricity and automobiles were low hanging fruits which were not too difficult to invent but had a huge global economic impact. And to consider a new technology or industry with as great an impact as such technologies had, only goes to show the audacity and vision of the man.

Perhaps builders in Bangalore may consider 3D printed affordable housing in Bangalore; already a 3D printed structure was built in Dubai within the last one year. Yet for a top builder in Bangalore to consider such an endeavor and to go through with implementing it requires great fortitude not to mention technical prowess. However, it would be a great disappointment if real estate developers in Bangalore only begin to construct 3D printed buildings after they have become passé in the developed world. The vision put forth by Mr. Biyani suggesting we need to invent a completely new technology is daring, perhaps one or two startups in Bangalore will set the ball rolling sometime soon.

Bangalore enjoys a robust realty market

Bangalore enjoys a robust realty market as it is a home to major blue chip companies and giant IT companies. The city is also known to be the 'silicon valley of India' due to the burgeoning industrialization and scorching growth pace.   The city's lifestyle, demographics and job opportunities have attracted people from all over India and also abroad.  The city enjoys a pleasant weather all round the year that increases its attractiveness. It is a beautiful melting pot where different cultures meet. With this, the demand for Luxury apartments in bangalore good locations has also gone high.  Buyers and Investors are not only eyeing these homes as an asset, but also as a change that offers an enriched lifestyle.

Spurt in luxurious apartments in Bangalore

Over the past few years, Real estate in Bangalore market has witnessed a tremendous surge in luxurious houses. These houses are primarily targeted towards high net worth individuals and therefore, real estate developers are focusing on high-end villas and row houses equipped with all the ultra modern amenities.

Profitability is the main reason for developers to join the premium houses trend. The homes are not only large in terms of square feet area, but also have added benefits such as Wi-Fi, swimming pool, jogging track, badminton courts, sensor locks, gazebos, helipads and many more. Luxury apartments in Bangalore are crafted with finest details and give a wonderful opportunity to experience royalty.  

Thanks to technological advancements, developers are coming up with customized villas offering top notch amenities meeting the international standards. Bangalore's real estate developers have refined their projects from time to time, which have further fuelled the demand for high-end residential homes.

 

Region wise growth of premium apartments

North/North West

A series of premium apartment new projects in bangalore have been undertaken in the sub-markets of places like Hebbel. Developers have chosen the place because of its prime location, good connectivity and ongoing infrastructure developments. Numerous luxury houses have come up in the area between Hebbel and Yelahanka. North Bangalore has all the potential to develop as the hub of premium residential homes in the coming time.

South

In the south, Bannerghatta Road has seen a surge in premium villas and houses. Localities like JP Nagar and Banashankari too have seen a surge in high-end residential villas.

East

Premium villas have come up in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The Proximity to the city's airport and extensive bus connectivity has added tremendous value to these areas. These areas demonstrate excellent potential for growth in the future and promises whopping returns.

 

West

Several high-end residential projects have been launched in places like Yeshwantpur and Dr Rajkumar Road. Because of presence of several retail chains and hotels, demand for villas from these places have shot up dramatically.

 

As of now, there are many luxury home units in the city at various stages of planning and construction. Value of luxury homes in Bangalore is much higher as compared to other metropolitan cities in India. The promising real estate scenario in the city is envisaged to boost the demand of high quality housing units further in the days to come.

Real estate in Bangalore appears as a great bet

 

Bangalore has started showcasing a more promising realty market and demonstrates increased potential for growth. This upward trend is due to many foreign investors investing in India and global Projects in bangalore funds are focused on Indian residential properties. The economic situation of the country is also improving at a rapid pace. Many e-commerce companies have erupted and are eyeing at large chunks of land and are ready to buy it at a price. The trend of starting smart cities is catching up fast, leading to increased demand for properties. Gradually rents and capital value of business park facilities have increased over the last few years.

Bangalore is one of the highly populated urban cities in India with a population of approximately 8.4 million people. It is considered the silicon valley of India with most of the IT companies headquartered here. Real estate in Bangalore is growing at a scorching pace with a lot of positive sentiment amongst the buyers. In the last two years, Bangalore has witnessed a higher share of commercial interest than other destinations. The demand has mostly come from the IT/ITES Sector. The return in capital investments is high because land is in short supply. Individual office space development was seen in non-central areas considered as a micro-market, that is Koramangala, Jayanagar, Indiranagar,  JP Nagar, Malleshwaram and Rajajinagar. A good social infrastructure and a vibrant lifestyle quotient are the main reasons that has significantly contributed in the growth of these locations.

There are some other locations in the city that have emerged as lucrative realty investment destinations in the city.   Electronics city, Outer Ring Road, Bannerghatta Road, Whitefield, North duplex flats in bangalore and Hosur have witnessed tremendous growth in recent past and demonstrates excellent growth potential too. The reasons that have contributed to bring these realty markets up the curve in proximity to the IT/ITes offices, social infrastructure and affordable prices.

The prime spot is the Sarjapur road, which is close to the ring road with easy and convenient access to the major IT companies. North Bangalore micro-market is gaining momentum due to the KIADB industrial area and the Special Economic Zones. In addition, this area is attracting interest from the NRIs and high net worth individuals after introducing the Bangalore International Airport. There are many apartments and villas coming up for the mid-income and the affluent groups.

Places like Hebbal, Yelahanka, Thanisandra and Hennur have also emerged as reasonable investment destinations. Proximity to the IT/ITes offices, affordability and easy access to other essential commodities are the key factors for improvement in this area. Commercial and residential sectors are developing considerably due to the increased commercial activities taking place in the city.

Furthermore, builders and developers are delivering their projects on time keeping in mind the interests and safety of the investors. Finally, government reforms, FDI, globalisation, IT companies, e-commerce start-ups, increase in job opportunities, re-location and population boom are the major contributors in this sector. Real estate in Bangalore appears as a great bet for the early investors as well as the end users.

Bangalore has emerged as one of the most lucrative real estate destinations

Despite the challenging economic condition in India, the real estate sector has performed comparatively well. Buy property in Bangalore has emerged as one of the most lucrative destinations now a days for real estate investors and home buyers. The city is witnessing rapid development activities in all the four directions.

If you are planning to buy property in India, Bangalore can be a very good option. The city has seen a prolific growth in the recent past due to presence of major IT companies, cosmopolitan culture, educated  and English speaking crowd, prestigious institutes and much more. These factors have contributed in altering the demand dynamics of the city in the last two decades. The residential market in Bangalore has demonstrated excellent prospects and has been quite stable too when  compared to other cities. New projects in Bangalore real estate market caters to large number of consumers who are local buyers, working professionals migrating from different parts of India and also abroad and NRI diasporas.

Bangalore has appeared to be one of most promising destination for investors. There are other factors that has been instrumental in bringing the realty market of Bangalore up the curve such as improved infrastructure and civic facilities, better road developments and better rail network among others. The areas lying on the peripheries of Bangalore  have also gained momentum in the recent past due to their tremendous potential of becoming future hot spots.

Despite the availability of affordably priced homes and plethora of other housing options, quite a good number of investors prefers to buy luxury villas in Bangalore. These villas offers uber luxurious living and world class facilities with state of the art infrastructure. There is ample space, which is a scarcity in crowded cities, both indoors and outdoors. Coming from the horn blaring atmosphere of the bustling cities, people enjoy the slow pace of life and tranquilly provided by these luxury apartments in bangalore. The demand for luxury villas in Bangalore has seen a huge rise in different classes of society. This is because with rising income and increase in family size what was earlier viewed as luxury is now seen as necessity.

Buying a luxury villa in Bangalore needs a lot of considerations to be made before hand to avoid any mistake. The process itself is very painstaking and complex as it takes a lot of time where buyers have to check each and every detail before investing in a house. Every home buyer has his own personal choice to reside at. Finding a good location is one key factor for buyers before buying a villa. There seems to be a declining interest in investing in North Bangalore due to the certain factors. The social infrastructure including shopping malls and fun and entertainment avenues are very limited in North as compared to South.

Buyers need to concentrate at the affordability aspect too, whether they can buy a villa at this moment or not. Day by day, property prices in Bangalore are touching the sky and the market price also varies for each location. Budget is one of the most important thing and needs to be planned in the very starting.  It is better to stick to with the pre-planned budget and never to go beyond it. Exceeding budget may bring troubles in future, which in turn may put you through cash crunch situation. It is also better to make a frugal investment. These few above mentioned tips will giving you an enriching experience of buying luxury villas in Bangalore.